ESS Tech (GWH-WT) Retained Earnings (2020 - 2026)
ESS Tech (GWH-WT) recorded quarterly Retained Earnings of -$861.7 million in Q1 2026, down 1.88% quarter-over-quarter from -$845.8 million in Q4 2025, and down 7.66% on a YoY basis from -$933.3 million in Q1 2025.
ESS Tech (GWH-WT) Retained Earnings (2020 - 2026) Analysis & Trends
ESS Tech's Retained Earnings history runs 7 years deep, the most recent figure standing at -$861.7 million for Q1 2026.
- In Q1 2026, Retained Earnings fell 7.66% year-over-year to -$861.7 million; the TTM figure through Mar 2026 stood at -$861.7 million (down 7.66% YoY), while the FY2025 annual figure was -$845.8 million, down 8.11% from the prior year.
- Retained Earnings was -$861.7 million for Q1 2026 at ESS Tech, down from -$845.8 million in the prior quarter.
- In the past five years, Retained Earnings ranged from a high of -$546.3 million in Q1 2022 to a low of -$861.7 million in Q1 2026.
- Historically, Retained Earnings has averaged -$713.8 million across 5 years, with a median of -$714.5 million in 2024.
- The sharpest annual moves came in 2022 and 2026: Retained Earnings tumbled 2607.54% in 2022, then retreated 7.66% in 2026.
- A 5-year view of Retained Earnings shows it stood at -$618.6 million in 2022, then fell by 12.54% to -$696.2 million in 2023, then decreased by 12.39% to -$782.4 million in 2024, then dropped by 8.11% to -$845.8 million in 2025, then retreated by 1.88% to -$861.7 million in 2026.
- The last three Retained Earnings figures came in at -$861.7 million (Q1 2026), -$845.8 million (Q4 2025), and -$821.8 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 472.68 Bn | 472.63 Bn | - | -352.40 Mn |
| 2 | Vertiv Holdings | 115.80 Bn | 113.29 Bn | 999.70 Mn | -76.20 Mn |
| 3 | Bloom Energy | 73.20 Bn | 70.74 Bn | 225.54 Mn | -3.92 Bn |
| 4 | nVent Electric | 26.87 Bn | 26.68 Bn | 445.60 Mn | -28.00 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 | 1.18 Bn |
| 7 | Powell Industries | 10.72 Bn | 10.17 Bn | 87.94 Mn | -28.13 Mn |
| 8 | Ballard Power Systems | 10.33 Bn | 9.80 Bn | 5.64 Mn | -2.15 Bn |
| 9 | Acuity Inc. (De) | 9.04 Bn | 8.77 Bn | 520.40 Mn | 4.49 Bn |
| 10 | ESS Tech | - | - | -7.04 Mn | -861.74 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -861.74 Mn |
| Dec 31, 2025 | -845.82 Mn |
| Sep 30, 2025 | -821.84 Mn |
| Jun 30, 2025 | -811.46 Mn |
| Mar 31, 2025 | -800.41 Mn |
| Dec 31, 2024 | -782.38 Mn |
| Sep 30, 2024 | -758.90 Mn |
| Jun 30, 2024 | -736.41 Mn |
| Mar 31, 2024 | -714.47 Mn |
| Dec 31, 2023 | -696.16 Mn |
| Sep 30, 2023 | -680.03 Mn |
| Jun 30, 2023 | -663.41 Mn |
| Mar 31, 2023 | -640.48 Mn |
| Dec 31, 2022 | -618.58 Mn |
| Sep 30, 2022 | -593.50 Mn |
| Jun 30, 2022 | -561.91 Mn |
| Mar 31, 2022 | -546.32 Mn |
| Dec 31, 2021 | -540.61 Mn |
| Sep 30, 2021 | -30.89 Mn |
| Jun 30, 2021 | -26.96 Mn |