ESS Tech (GWH) Enterprise Value (2021 - 2026)
ESS Tech (GWH) reported Enterprise Value of $20.4 million for Q2 2026, up 24.7% from $16.35 million a year earlier and up 82.6% from the prior quarter.
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Analysis
ESS Tech (GWH) Enterprise Value (2021 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, ESS Tech's Enterprise Value came in at -$26.68 million; for FY2025, it came in at $5.42 million, down 86.1% from FY2024.
- Enterprise Value has declined for four consecutive years, with a four-year compound annual growth rate of -70.5% (FY2021 to FY2025).
- By year, Enterprise Value came in at $38.88 million in FY2024 (-57.1%), $90.55 million in FY2023 (-61.3%), $233.99 million in FY2022 (-67.2%) and $713.56 million in FY2021.
- The Q2 2026 figure ranks as the highest quarterly Enterprise Value since Q1 2025.
- Year over year, Enterprise Value gained in 1 of the last eight quarters, with an average decline of 46.5%.
- The high point for year-over-year Enterprise Value in five years was Q1 2022 (growth of 216.6%); the low point was Q3 2024 (a decline of 90.1%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $11.17 million (Q1 2026), $5.42 million (Q4 2025) and $19.86 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn |
| 10 | ESS Tech | 5.59 Mn | 5.59 Mn | -7.42 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.40 Mn |
| Mar 31, 2026 | 11.17 Mn |
| Dec 31, 2025 | 5.42 Mn |
| Sep 30, 2025 | 19.86 Mn |
| Jun 30, 2025 | 16.35 Mn |
| Mar 31, 2025 | 26.64 Mn |
| Dec 31, 2024 | 38.88 Mn |
| Sep 30, 2024 | 19.98 Mn |
| Jun 30, 2024 | 70.21 Mn |
| Mar 31, 2024 | 36.96 Mn |
| Dec 31, 2023 | 90.55 Mn |
| Sep 30, 2023 | 200.77 Mn |
| Jun 30, 2023 | 129.20 Mn |
| Mar 31, 2023 | 95.54 Mn |
| Dec 31, 2022 | 233.99 Mn |
| Sep 30, 2022 | 458.73 Mn |
| Jun 30, 2022 | 237.27 Mn |
| Mar 31, 2022 | 637.73 Mn |
| Dec 31, 2021 | 713.56 Mn |
| Sep 30, 2021 | 365.87 Mn |
API Access
ESS Tech Enterprise Value API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=enterprise-value&ticker=GWH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "ticker": "GWH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=enterprise-value&ticker=GWH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();