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