ESS Tech (GWH-WT) Net Income (2020 - 2026)

ESS Tech (GWH-WT) recorded quarterly Net Income of -$16.3 million in Q1 2026, up 29.66% quarter-over-quarter from -$23.1 million in Q4 2025, and up 9.22% on a YoY basis from -$14.9 million in Q1 2025.

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

ESS Tech's Net Income history runs 7 years deep, the most recent figure standing at -$16.3 million for Q1 2026.

  • In Q1 2026, Net Income rose 9.22% year-over-year to -$16.3 million; the TTM figure through Mar 2026 stood at -$61.2 million (up 28.74% YoY), while the FY2025 annual figure was -$62.9 million, up 27.09% from the prior year.
  • Net Income was -$16.3 million for Q1 2026 at ESS Tech, up from -$23.1 million in the prior quarter.
  • In the past five years, Net Income ranged from a high of -$10.3 million in Q3 2025 to a low of -$31.4 million in Q4 2022.
  • Historically, Net Income has averaged -$20.8 million across 5 years, with a median of -$22.2 million in 2022.
  • The sharpest annual moves came in 2022 and 2025: Net Income plunged 166.36% in 2022, then surged 55.12% in 2025.
  • A 5-year view of Net Income shows it stood at -$31.4 million in 2022, then soared by 39.28% to -$19.1 million in 2023, then declined by 20.74% to -$23.0 million in 2024, then fell by 0.51% to -$23.1 million in 2025, then rose by 29.66% to -$16.3 million in 2026.
  • The last three Net Income figures came in at -$16.3 million (Q1 2026), -$23.1 million (Q4 2025), and -$10.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Income (Qtr)
1 Novonix 472.68 Bn 472.63 Bn - -
2 Vertiv Holdings 115.80 Bn 113.29 Bn 999.70 Mn 390.10 Mn
3 Bloom Energy 73.20 Bn 70.74 Bn 225.54 Mn 73.70 Mn
4 nVent Electric 26.87 Bn 26.68 Bn 445.60 Mn 2.00 Mn
5 Hubbell 25.27 Bn 24.77 Bn 505.30 Mn 183.00 Mn
6 Advanced Energy Industries 13.35 Bn 13.35 Bn 200.90 Mn -500,000.00
7 Powell Industries 10.72 Bn 10.17 Bn 87.94 Mn 45.89 Mn
8 Ballard Power Systems 10.33 Bn 9.80 Bn 5.64 Mn -17.53 Mn
9 Acuity Inc. (De) 9.04 Bn 8.77 Bn 520.40 Mn 96.80 Mn
10 ESS Tech - - -7.04 Mn -16.28 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -16.28 Mn
Dec 31, 2025 -23.14 Mn
Sep 30, 2025 -10.27 Mn
Jun 30, 2025 -11.53 Mn
Mar 31, 2025 -17.93 Mn
Dec 31, 2024 -23.02 Mn
Sep 30, 2024 -22.88 Mn
Jun 30, 2024 -22.07 Mn
Mar 31, 2024 -18.26 Mn
Dec 31, 2023 -19.07 Mn
Sep 30, 2023 -16.98 Mn
Jun 30, 2023 -22.88 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 -22.22 Mn
Dec 31, 2021 -31.13 Mn
Sep 30, 2021 -11.04 Mn
Jun 30, 2021 -10.15 Mn