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
DateValue
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