ESS Tech (GWH) EBIT (2020 - 2026)
ESS Tech (GWH) posted EBIT of -$15.1 million for Q2 2026, down 9.83% on a QoQ basis from -$13.8 million in Q1 2026, and down 30.95% year-over-year from -$21.9 million in Q2 2025.
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Analysis
ESS Tech (GWH) EBIT (2020 - 2026) Analysis & Trends
ESS Tech has reported EBIT for 7 years, with the latest figure at -$15.1 million in Q2 2026.
- On a quarterly basis, EBIT fell 30.95% year-over-year to -$15.1 million in Q2 2026; TTM through Jun 2026 was -$56.6 million, a 26.36% increase from a year earlier, with the FY2025 full-year figure at -$57.4 million, up 36.07% from the prior year.
- EBIT was -$15.1 million for Q2 2026 at ESS Tech, down from -$13.8 million in the prior quarter.
- The five-year high for EBIT was -$9.8 million in Q3 2025, with the low at -$31.4 million in Q4 2022.
- Average EBIT over 5 years is -$20.4 million, with a median of -$20.8 million recorded in 2022.
- The sharpest annual moves came in 2022 and 2025: EBIT plunged 167.84% in 2022, then surged 58.57% in 2025.
- Over 5 years, EBIT stood at -$31.4 million in 2022, then jumped by 39.28% to -$19.1 million in 2023, then declined by 23.25% to -$23.5 million in 2024, then increased by 23.85% to -$17.9 million in 2025, then grew by 15.42% to -$15.1 million in 2026.
- The last three EBIT figures came in at -$15.1 million (Q2 2026), -$13.8 million (Q1 2026), and -$17.9 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT (Qtr) |
|---|---|---|---|---|---|
| 1 | EnerSys | 6.54 Bn | 6.01 Bn | 313.36 Mn | 151.41 Mn |
| 2 | QuantumScape | 3.20 Bn | 3.20 Bn | - | -106.13 Mn |
| 3 | Eos Energy Enterprises | 1.35 Bn | 1.00 Bn | -48.80 Mn | -83.81 Mn |
| 4 | Fluence Energy | 1.34 Bn | 769.30 Mn | 33.24 Mn | -29.79 Mn |
| 5 | Energy Vault Holdings | 752.49 Mn | 645.13 Mn | 5.38 Mn | -24.66 Mn |
| 6 | Enovix | 689.37 Mn | 689.37 Mn | 1.30 Mn | -43.30 Mn |
| 7 | Amprius Technologies | 436.15 Mn | 361.63 Mn | 9.28 Mn | -4.30 Mn |
| 8 | Electrovaya | 257.13 Mn | 244.05 Mn | 6.19 Mn | 788,000.00 |
| 9 | Microvast Holdings | 215.82 Mn | 72.70 Mn | 25.78 Mn | -1.72 Mn |
| 10 | ESS Tech | 12.59 Mn | 12.59 Mn | -7.42 Mn | -15.13 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -15.13 Mn |
| Mar 31, 2026 | -13.78 Mn |
| Dec 31, 2025 | -17.89 Mn |
| Sep 30, 2025 | -9.81 Mn |
| Jun 30, 2025 | -11.56 Mn |
| Mar 31, 2025 | -18.15 Mn |
| Dec 31, 2024 | -23.50 Mn |
| Sep 30, 2024 | -23.68 Mn |
| Jun 30, 2024 | -23.13 Mn |
| Mar 31, 2024 | -19.49 Mn |
| Dec 31, 2023 | -19.07 Mn |
| Sep 30, 2023 | -18.13 Mn |
| Jun 30, 2023 | -24.21 Mn |
| Mar 31, 2023 | -24.50 Mn |
| Dec 31, 2022 | -31.40 Mn |
| Sep 30, 2022 | -27.73 Mn |
| Jun 30, 2022 | -24.18 Mn |
| Mar 31, 2022 | -22.19 Mn |
| Dec 31, 2021 | -31.13 Mn |
| Sep 30, 2021 | -11.04 Mn |