ESS Tech (GWH-WT) Profit After Tax (2020 - 2026)

ESS Tech (GWH-WT) recorded quarterly Profit After Tax of -$15.9 million in Q1 2026, up 33.47% quarter-over-quarter from -$23.9 million in Q4 2025, and up 11.79% on a YoY basis from -$14.2 million in Q1 2025.

ESS Tech (GWH-WT) Profit After Tax (2020 - 2026) Analysis & Trends

ESS Tech's Profit After Tax history runs 7 years deep, the most recent figure standing at -$15.9 million for Q1 2026.

  • In Q1 2026, Profit After Tax rose 11.79% year-over-year to -$15.9 million; the TTM figure through Mar 2026 stood at -$61.2 million (up 28.75% YoY), while the FY2025 annual figure was -$63.4 million, up 26.47% from the prior year.
  • Profit After Tax was -$15.9 million for Q1 2026 at ESS Tech, up from -$23.9 million in the prior quarter.
  • In the past five years, Profit After Tax ranged from a high of -$5.7 million in Q1 2022 to a low of -$31.6 million in Q3 2022.
  • Historically, Profit After Tax has averaged -$18.9 million across 5 years, with a median of -$18.3 million in 2024.
  • The sharpest annual moves came in 2022 and 2023: Profit After Tax surged 96.31% in 2022, then slumped 283.62% in 2023.
  • A 5-year view of Profit After Tax shows it stood at -$25.1 million in 2022, then jumped by 35.67% to -$16.1 million in 2023, then slumped by 45.56% to -$23.5 million in 2024, then decreased by 1.79% to -$23.9 million in 2025, then surged by 33.47% to -$15.9 million in 2026.
  • The last three Profit After Tax figures came in at -$15.9 million (Q1 2026), -$23.9 million (Q4 2025), and -$10.4 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) PAT (Qtr)
1 Novonix 395.03 Bn 394.98 Bn - -
2 Vertiv Holdings 110.52 Bn 108.02 Bn 999.70 Mn 390.10 Mn
3 Bloom Energy 73.12 Bn 70.66 Bn 225.54 Mn 73.69 Mn
4 nVent Electric 26.38 Bn 26.19 Bn 445.60 Mn 140.40 Mn
5 Hubbell 25.79 Bn 25.28 Bn 505.30 Mn 181.80 Mn
6 Advanced Energy Industries 11.69 Bn 11.69 Bn 200.90 Mn 66.80 Mn
7 Ballard Power Systems 11.51 Bn 10.98 Bn 5.64 Mn 17.50 Mn
8 Powell Industries 10.32 Bn 9.77 Bn 87.94 Mn 45.89 Mn
9 Acuity Inc. (De) 9.21 Bn 8.94 Bn 520.40 Mn 96.80 Mn
10 ESS Tech - - -7.04 Mn -15.90 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -15.90 Mn
Dec 31, 2025 -23.90 Mn
Sep 30, 2025 -10.38 Mn
Jun 30, 2025 -11.06 Mn
Mar 31, 2025 -18.03 Mn
Dec 31, 2024 -23.48 Mn
Sep 30, 2024 -22.49 Mn
Jun 30, 2024 -21.94 Mn
Mar 31, 2024 -18.31 Mn
Dec 31, 2023 -16.13 Mn
Sep 30, 2023 -16.62 Mn
Jun 30, 2023 -22.93 Mn
Mar 31, 2023 -21.90 Mn
Dec 31, 2022 -25.08 Mn
Sep 30, 2022 -31.60 Mn
Jun 30, 2022 -15.59 Mn
Mar 31, 2022 -5.71 Mn
Dec 31, 2021 -180.43 Mn
Sep 30, 2021 -51.33 Mn
Jun 30, 2021 -90.44 Mn