ESS Tech (GWH) Free Cash Flow (2020 - 2026)

ESS Tech's (GWH) quarterly Free Cash Flow came in at -$14.4 million in Q1 2026, up 35.91% year-on-year from -$10.6 million in Q1 2025, and down 12.52% quarter-over-quarter from -$12.8 million in Q4 2025.

ESS Tech (GWH) Free Cash Flow (2020 - 2026) Analysis & Trends

ESS Tech's Free Cash Flow history runs 7 years deep, the most recent figure standing at -$14.4 million for Q1 2026.

  • On a quarterly basis, Free Cash Flow rose 35.91% year-over-year to -$14.4 million in Q1 2026; TTM through Mar 2026 was -$42.2 million, a 44.75% increase from a year earlier, with the FY2025 full-year figure at -$50.3 million, up 31.81% from the prior year.
  • Free Cash Flow declined to -$14.4 million in Q1 2026 per GWH's latest filing, from -$12.8 million in the prior quarter.
  • Across five years, Free Cash Flow topped out at -$2.6 million in Q3 2025 and bottomed at -$28.0 million in Q4 2022.
  • The 5-year median for Free Cash Flow is -$18.9 million (2024), against an average of -$17.1 million.
  • Across the five-year window, Free Cash Flow plunged 320.08% in 2024 and jumped 86.09% in 2025, its largest moves.
  • Year by year, Free Cash Flow stood at -$28.0 million in 2022, then surged by 54.85% to -$12.6 million in 2023, then plunged by 52.04% to -$19.2 million in 2024, then surged by 33.27% to -$12.8 million in 2025, then fell by 12.52% to -$14.4 million in 2026.
  • Per Business Quant, the three latest GWH Free Cash Flow figures stand at -$14.4 million (Q1 2026), -$12.8 million (Q4 2025), and -$2.6 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn -7.54 Mn
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn 654.20 Mn
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn 47.61 Mn
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn 46.00 Mn
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn 53.80 Mn
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn -42.20 Mn
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn 273.60 Mn
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn 49.34 Mn
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn 131.16 Mn
10 ESS Tech 22.34 Mn 22.34 Mn -7.04 Mn -14.43 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -14.43 Mn
Mar 31, 2026 -14.43 Mn
Dec 31, 2025 -12.82 Mn
Dec 31, 2025 -12.82 Mn
Sep 30, 2025 -2.63 Mn
Sep 30, 2025 -2.63 Mn
Jun 30, 2025 -12.36 Mn
Jun 30, 2025 -12.36 Mn
Mar 31, 2025 -22.52 Mn
Mar 31, 2025 -22.52 Mn
Dec 31, 2024 -19.22 Mn
Dec 31, 2024 -19.22 Mn
Sep 30, 2024 -18.89 Mn
Sep 30, 2024 -18.89 Mn
Jun 30, 2024 -15.83 Mn
Jun 30, 2024 -15.83 Mn
Mar 31, 2024 -19.86 Mn
Mar 31, 2024 -19.86 Mn
Dec 31, 2023 -12.64 Mn
Dec 31, 2023 -12.64 Mn