ESS Tech (GWH-WT) Payables (2020 - 2026)
ESS Tech (GWH-WT) recorded quarterly Payables of $1.3 million in Q1 2026, down 55.9% quarter-over-quarter from $3.0 million in Q4 2025, and down 86.95% on a YoY basis from $10.2 million in Q1 2025.
ESS Tech (GWH-WT) Payables (2020 - 2026) Analysis & Trends
ESS Tech's Payables history runs 7 years deep, the most recent figure standing at $1.3 million for Q1 2026.
- In Q1 2026, Payables fell 86.95% year-over-year to $1.3 million; the TTM figure through Mar 2026 stood at $1.3 million (down 86.95% YoY), while the FY2025 annual figure was $3.0 million, down 62.54% from the prior year.
- Payables was $1.3 million for Q1 2026 at ESS Tech, down from $3.0 million in the prior quarter.
- In the past five years, Payables ranged from a high of $10.9 million in Q3 2024 to a low of $1.3 million in Q1 2026.
- Historically, Payables has averaged $5.4 million across 5 years, with a median of $4.2 million in 2023.
- The sharpest annual moves came in 2022 and 2026: Payables jumped 8045.81% in 2022, then plunged 86.95% in 2026.
- A 5-year view of Payables shows it stood at $4.6 million in 2022, then tumbled by 40.57% to $2.8 million in 2023, then jumped by 192.92% to $8.1 million in 2024, then slumped by 62.54% to $3.0 million in 2025, then plunged by 55.9% to $1.3 million in 2026.
- The last three Payables figures came in at $1.3 million (Q1 2026), $3.0 million (Q4 2025), and $9.5 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 472.68 Bn | 472.63 Bn | - | 75.39 Mn |
| 2 | Vertiv Holdings | 115.80 Bn | 113.29 Bn | 999.70 Mn | 1.95 Bn |
| 3 | Bloom Energy | 73.20 Bn | 70.74 Bn | 225.54 Mn | 241.65 Mn |
| 4 | nVent Electric | 26.87 Bn | 26.68 Bn | 445.60 Mn | 422.00 Mn |
| 5 | Hubbell | 25.27 Bn | 24.77 Bn | 505.30 Mn | 605.50 Mn |
| 6 | Advanced Energy Industries | 13.35 Bn | 13.35 Bn | 200.90 Mn | 272.10 Mn |
| 7 | Powell Industries | 10.72 Bn | 10.17 Bn | 87.94 Mn | 75.14 Mn |
| 8 | Ballard Power Systems | 10.33 Bn | 9.80 Bn | 5.64 Mn | 28.79 Mn |
| 9 | Acuity Inc. (De) | 9.04 Bn | 8.77 Bn | 520.40 Mn | 354.60 Mn |
| 10 | ESS Tech | - | - | -7.04 Mn | 1.33 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.33 Mn |
| Dec 31, 2025 | 3.02 Mn |
| Sep 30, 2025 | 9.47 Mn |
| Jun 30, 2025 | 10.63 Mn |
| Mar 31, 2025 | 10.22 Mn |
| Dec 31, 2024 | 8.07 Mn |
| Sep 30, 2024 | 10.94 Mn |
| Jun 30, 2024 | 5.83 Mn |
| Mar 31, 2024 | 2.91 Mn |
| Dec 31, 2023 | 2.76 Mn |
| Sep 30, 2023 | 3.19 Mn |
| Jun 30, 2023 | 3.97 Mn |
| Mar 31, 2023 | 4.22 Mn |
| Dec 31, 2022 | 4.64 Mn |
| Sep 30, 2022 | 3.40 Mn |
| Jun 30, 2022 | 4.26 Mn |
| Mar 31, 2022 | 3.56 Mn |
| Dec 31, 2021 | 3.47 Mn |
| Sep 30, 2021 | 222,866.00 |
| Jun 30, 2021 | 334,062.00 |