ESS Tech (GWH-WT) Gross Margin (2022 - 2026)

ESS Tech's Gross Margin history runs 5 years deep, the most recent figure standing at 5498.44% for Q1 2026.

• In Q1 2026, Gross Margin fell 413834.0% year-over-year to 5498.44%; the TTM figure through Mar 2026 stood at 2388.76% (down 130317.0% YoY), while the FY2025 annual figure was 1748.07%, down 102753.0% from the prior year.
• Gross Margin was 5498.44% for Q1 2026 at ESS Tech, down from 610.77% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 610.77% in Q4 2025 to a low of 5498.44% in Q1 2026.
• Historically, Gross Margin has averaged 1048.18% across 5 years, with a median of 287.58% in 2023.
• The sharpest annual moves came in 2025 and 2026: Gross Margin jumped 305953 bps in 2025, then tumbled 413834 bps in 2026.
• A 5-year view of Gross Margin shows it stood at 100.0% in 2022, then plunged by 369 bps to 268.81% in 2023, then slumped by 72 bps to 462.74% in 2024, then surged by 232 bps to 610.77% in 2025, then slumped by 1000 bps to 5498.44% in 2026.
• The last three Gross Margin figures came in at 5498.44% (Q1 2026), 610.77% (Q4 2025), and 2207.94% (Q3 2025), per Business Quant data.