ESS Tech (GWH-WT) Research & Development (2021 - 2026)

ESS Tech's Research & Development history runs 6 years deep, the most recent figure standing at $2.6 million for Q1 2026.

• In Q1 2026, Research & Development rose 5.93% year-over-year to $2.6 million; the TTM figure through Mar 2026 stood at $8.4 million (down 21.11% YoY), while the FY2025 annual figure was $8.3 million, down 29.52% from the prior year.
• Research & Development was $2.6 million for Q1 2026 at ESS Tech, down from $3.4 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $22.8 million in Q4 2022 to a low of $1.0 million in Q3 2025.
• Historically, Research & Development has averaged $8.5 million across 5 years, with a median of $3.5 million in 2024.
• The sharpest annual moves came in 2022 and 2024: Research & Development jumped 162.34% in 2022, then tumbled 85.42% in 2024.
• A 5-year view of Research & Development shows it stood at $22.8 million in 2022, then plunged by 83.14% to $3.8 million in 2023, then retreated by 29.57% to $2.7 million in 2024, then increased by 24.46% to $3.4 million in 2025, then decreased by 22.06% to $2.6 million in 2026.
• The last three Research & Development figures came in at $2.6 million (Q1 2026), $3.4 million (Q4 2025), and $1.0 million (Q3 2025), per Business Quant data.