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| Date | Value |
|---|---|
| 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 |