ESS Tech (GWH) EBITDA (2021 - 2025)

ESS Tech has reported EBITDA over the past 5 years, most recently at -$24.0 million for Q4 2025.

  • Quarterly results put EBITDA at -$24.0 million for Q4 2025, down 2.15% from a year ago — trailing twelve months through Dec 2025 was -$63.4 million (up 26.42% YoY), and the annual figure for FY2025 was -$63.4 million, up 26.42%.
  • EBITDA for Q4 2025 was -$24.0 million at ESS Tech, down from -$10.4 million in the prior quarter.
  • Over the last five years, EBITDA for GWH hit a ceiling of -$5.7 million in Q1 2022 and a floor of -$180.4 million in Q4 2021.
  • Median EBITDA over the past 5 years was -$20.1 million (2023), compared with a mean of -$27.8 million.
  • Biggest five-year swings in EBITDA: soared 86.1% in 2022 and later crashed 283.62% in 2023.
  • ESS Tech's EBITDA stood at -$180.4 million in 2021, then soared by 86.1% to -$25.1 million in 2022, then surged by 35.67% to -$16.1 million in 2023, then plummeted by 45.56% to -$23.5 million in 2024, then decreased by 2.15% to -$24.0 million in 2025.
  • The last three reported values for EBITDA were -$24.0 million (Q4 2025), -$10.4 million (Q3 2025), and -$11.1 million (Q2 2025) per Business Quant data.