ESS Tech (GWH-WT) Operating Expenses (2020 - 2026)

ESS Tech's Operating Expenses history runs 7 years deep, the most recent figure standing at $6.7 million for Q1 2026.

• In Q1 2026, Operating Expenses fell 32.57% year-over-year to $6.7 million; the TTM figure through Mar 2026 stood at $26.5 million (down 38.9% YoY), while the FY2025 annual figure was $29.7 million, down 33.09% from the prior year.
• Operating Expenses was $6.7 million for Q1 2026 at ESS Tech, down from $8.2 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $31.4 million in Q4 2022 to a low of $5.1 million in Q3 2025.
• Historically, Operating Expenses has averaged $15.3 million across 5 years, with a median of $11.3 million in 2024.
• The sharpest annual moves came in 2022 and 2023: Operating Expenses jumped 167.84% in 2022, then sank 65.99% in 2023.
• A 5-year view of Operating Expenses shows it stood at $31.4 million in 2022, then slumped by 63.23% to $11.5 million in 2023, then decreased by 10.74% to $10.3 million in 2024, then fell by 20.52% to $8.2 million in 2025, then fell by 17.72% to $6.7 million in 2026.
• The last three Operating Expenses figures came in at $6.7 million (Q1 2026), $8.2 million (Q4 2025), and $5.1 million (Q3 2025), per Business Quant data.