ESS Tech (GWH-WT) Operating Leases (2022 - 2026)

ESS Tech (GWH-WT) recorded quarterly Operating Leases of $1.6 million in Q1 2026, down 23.98% quarter-over-quarter from $2.1 million in Q4 2025.

ESS Tech (GWH-WT) Operating Leases (2022 - 2026) Analysis & Trends

ESS Tech's Operating Leases history runs 5 years deep, the most recent figure standing at $1.6 million for Q1 2026.

  • In Q1 2026, Operating Leases changed N/A year-over-year to $1.6 million; the TTM figure through Mar 2026 stood at $1.6 million (changed N/A YoY), while the FY2025 annual figure was $2.1 million, changed N/A from the prior year.
  • Operating Leases was $1.6 million for Q1 2026 at ESS Tech, down from $2.1 million in the prior quarter.
  • In the past five years, Operating Leases ranged from a high of $3.6 million in Q1 2022 to a low of $451000.0 in Q3 2024.
  • Historically, Operating Leases has averaged $1.9 million across 5 years, with a median of $1.8 million in 2023.
  • The sharpest annual moves came in 2023 and 2024: Operating Leases sank 40.45% in 2023, then tumbled 71.64% in 2024.
  • A 5-year view of Operating Leases shows it stood at $2.5 million in 2022, then plunged by 62.25% to $957000.0 in 2023, then slumped by 52.87% to $451000.0 in 2024, then soared by 356.76% to $2.1 million in 2025, then decreased by 23.98% to $1.6 million in 2026.
  • The last three Operating Leases figures came in at $1.6 million (Q1 2026), $2.1 million (Q4 2025), and $451000.0 (Q3 2024), per Business Quant data.

Peer Comparison

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

Historic Data

Download Data
DateValue
Mar 31, 2026 1.57 Mn
Dec 31, 2025 2.06 Mn
Sep 30, 2024 451,000.00
Jun 30, 2024 884,000.00
Mar 31, 2024 610,000.00
Dec 31, 2023 957,000.00
Sep 30, 2023 1.37 Mn
Jun 30, 2023 1.77 Mn
Mar 31, 2023 2.15 Mn
Dec 31, 2022 2.54 Mn
Sep 30, 2022 2.90 Mn
Jun 30, 2022 3.26 Mn
Mar 31, 2022 3.61 Mn