ESS Tech (GWH) Cost of Revenue (2023 - 2026)

ESS Tech's Cost of Revenue history runs 4 years deep, the most recent figure standing at $7.2 million for Q1 2026.

• In Q1 2026, Cost of Revenue fell 18.07% year-over-year to $7.2 million; the TTM figure through Mar 2026 stood at $27.7 million (down 43.83% YoY), while the FY2025 annual figure was $29.3 million, down 43.36% from the prior year.
• Cost of Revenue for Q1 2026 stood at $7.2 million, down from $8.1 million in the prior quarter.
• The five-year high for Cost of Revenue was $16.0 million in Q4 2024, with the low at $4.9 million in Q3 2025.
• The 4-year median for Cost of Revenue is $10.2 million (2023), against an average of $9.9 million.
• The sharpest annual moves came in 2024 and 2025: Cost of Revenue soared 55.53% in 2024, then slumped 61.24% in 2025.
• ESS Tech's Cost of Revenue stood at $10.3 million in 2023, then jumped by 55.53% to $16.0 million in 2024, then tumbled by 49.43% to $8.1 million in 2025, then dropped by 11.65% to $7.2 million in 2026.
• Business Quant data shows GWH's Cost of Revenue at $7.2 million in Q1 2026, $8.1 million in Q4 2025, and $4.9 million in Q3 2025.