ESS Tech (GWH-WT) Shares Outstanding (Diluted Average) (2020 - 2026)

ESS Tech (GWH-WT) recorded quarterly Shares Outstanding (Diluted Average) of $29.3 million in Q1 2026, up 100.62% quarter-over-quarter from $14.6 million in Q4 2025, and up 143.44% on a YoY basis from $12.0 million in Q1 2025.

ESS Tech (GWH-WT) Shares Outstanding (Diluted Average) (2020 - 2026) Analysis & Trends

ESS Tech's Shares Outstanding (Diluted Average) history runs 7 years deep, the most recent figure standing at $29.3 million for Q1 2026.

  • In Q1 2026, Shares Outstanding (Diluted Average) rose 143.44% year-over-year to $29.3 million; the TTM figure through Mar 2026 stood at $29.3 million (up 143.44% YoY), while the FY2025 annual figure was $14.6 million, up 24.02% from the prior year.
  • Shares Outstanding (Diluted Average) was $29.3 million for Q1 2026 at ESS Tech, up from $14.6 million in the prior quarter.
  • In the past five years, Shares Outstanding (Diluted Average) ranged from a high of $154.5 million in Q2 2023 to a low of $10.4 million in Q3 2023.
  • Historically, Shares Outstanding (Diluted Average) has averaged $62.7 million across 5 years, with a median of $12.8 million in 2025.
  • The sharpest annual moves came in 2022 and 2023: Shares Outstanding (Diluted Average) surged 145.87% in 2022, then sank 93.2% in 2023.
  • A 5-year view of Shares Outstanding (Diluted Average) shows it stood at $152.7 million in 2022, then sank by 93.02% to $10.7 million in 2023, then grew by 10.41% to $11.8 million in 2024, then advanced by 24.02% to $14.6 million in 2025, then jumped by 100.62% to $29.3 million in 2026.
  • The last three Shares Outstanding (Diluted Average) figures came in at $29.3 million (Q1 2026), $14.6 million (Q4 2025), and $12.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Shares (Diluted Avg.) (Qtr)
1 Novonix 472.68 Bn 472.63 Bn - -
2 Vertiv Holdings 115.80 Bn 113.29 Bn 999.70 Mn 392.13 Mn
3 Bloom Energy 73.20 Bn 70.74 Bn 225.54 Mn 319.71 Mn
4 nVent Electric 26.87 Bn 26.68 Bn 445.60 Mn 164.00 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 -
7 Powell Industries 10.72 Bn 10.17 Bn 87.94 Mn 36.58 Mn
8 Ballard Power Systems 10.33 Bn 9.80 Bn 5.64 Mn -
9 Acuity Inc. (De) 9.04 Bn 8.77 Bn 520.40 Mn 31.45 Mn
10 ESS Tech - - -7.04 Mn 29.29 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 29.29 Mn
Dec 31, 2025 14.60 Mn
Sep 30, 2025 12.82 Mn
Jun 30, 2025 12.15 Mn
Mar 31, 2025 12.03 Mn
Dec 31, 2024 11.77 Mn
Sep 30, 2024 11.81 Mn
Jun 30, 2024 11.72 Mn
Mar 31, 2024 11.63 Mn
Dec 31, 2023 10.66 Mn
Sep 30, 2023 10.36 Mn
Jun 30, 2023 154.51 Mn
Mar 31, 2023 154.12 Mn
Dec 31, 2022 152.68 Mn
Sep 30, 2022 152.43 Mn
Jun 30, 2022 152.21 Mn
Mar 31, 2022 151.68 Mn
Dec 31, 2021 83.26 Mn
Sep 30, 2021 67.67 Mn
Jun 30, 2021 64.43 Mn