ESS Tech (GWH-WT) EBIT (2020 - 2026)

ESS Tech (GWH-WT) recorded quarterly EBIT of -$13.8 million in Q1 2026, up 22.99% quarter-over-quarter from -$17.9 million in Q4 2025, and up 24.06% on a YoY basis from -$11.1 million in Q1 2025.

ESS Tech (GWH-WT) EBIT (2020 - 2026) Analysis & Trends

ESS Tech's EBIT history runs 7 years deep, the most recent figure standing at -$13.8 million for Q1 2026.

  • In Q1 2026, EBIT rose 24.06% year-over-year to -$13.8 million; the TTM figure through Mar 2026 stood at -$53.0 million (up 40.03% YoY), while the FY2025 annual figure was -$57.4 million, up 36.07% from the prior year.
  • EBIT was -$13.8 million for Q1 2026 at ESS Tech, up from -$17.9 million in the prior quarter.
  • In the past five years, EBIT ranged from a high of -$9.8 million in Q3 2025 to a low of -$31.4 million in Q4 2022.
  • Historically, EBIT has averaged -$20.7 million across 5 years, with a median of -$22.2 million in 2022.
  • The sharpest annual moves came in 2022 and 2025: EBIT sank 167.84% in 2022, then jumped 58.57% in 2025.
  • A 5-year view of EBIT shows it stood at -$31.4 million in 2022, then soared by 39.28% to -$19.1 million in 2023, then dropped by 23.25% to -$23.5 million in 2024, then grew by 23.85% to -$17.9 million in 2025, then gained by 22.99% to -$13.8 million in 2026.
  • The last three EBIT figures came in at -$13.8 million (Q1 2026), -$17.9 million (Q4 2025), and -$9.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBIT (Qtr)
1 Novonix 395.03 Bn 394.98 Bn - -
2 Vertiv Holdings 110.52 Bn 108.02 Bn 999.70 Mn 440.10 Mn
3 Bloom Energy 73.12 Bn 70.66 Bn 225.54 Mn 72.20 Mn
4 nVent Electric 26.38 Bn 26.19 Bn 445.60 Mn 195.70 Mn
5 Hubbell 25.79 Bn 25.28 Bn 505.30 Mn 263.80 Mn
6 Advanced Energy Industries 11.69 Bn 11.69 Bn 200.90 Mn 68.30 Mn
7 Ballard Power Systems 11.51 Bn 10.98 Bn 5.64 Mn -11.26 Mn
8 Powell Industries 10.32 Bn 9.77 Bn 87.94 Mn 57.58 Mn
9 Acuity Inc. (De) 9.21 Bn 8.94 Bn 520.40 Mn 133.00 Mn
10 ESS Tech - - -7.04 Mn -13.78 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -13.78 Mn
Dec 31, 2025 -17.89 Mn
Sep 30, 2025 -9.81 Mn
Jun 30, 2025 -11.56 Mn
Mar 31, 2025 -18.15 Mn
Dec 31, 2024 -23.50 Mn
Sep 30, 2024 -23.68 Mn
Jun 30, 2024 -23.13 Mn
Mar 31, 2024 -19.49 Mn
Dec 31, 2023 -19.07 Mn
Sep 30, 2023 -18.13 Mn
Jun 30, 2023 -24.21 Mn
Mar 31, 2023 -24.50 Mn
Dec 31, 2022 -31.40 Mn
Sep 30, 2022 -27.73 Mn
Jun 30, 2022 -24.18 Mn
Mar 31, 2022 -22.19 Mn
Dec 31, 2021 -31.13 Mn
Sep 30, 2021 -11.04 Mn
Jun 30, 2021 -10.15 Mn