ESS Tech (GWH) Free Cash Flow (2020 - 2026)
ESS Tech (GWH) posted quarterly Free Cash Flow of -$14.4 million for Q1 2026, up 35.91% year-over-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.
- In Q1 2026, Free Cash Flow rose 35.91% year-over-year to -$14.4 million; the TTM figure through Mar 2026 stood at -$42.2 million (up 44.75% YoY), while the FY2025 annual figure was -$50.3 million, up 31.81% from the prior year.
- Free Cash Flow for Q1 2026 stood at -$14.4 million, down from -$12.8 million in the prior quarter.
- The five-year high for Free Cash Flow was -$2.6 million in Q3 2025, with the low 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.
- The sharpest annual moves came in 2024 and 2025: Free Cash Flow tumbled 320.08% in 2024, then jumped 86.09% in 2025.
- ESS Tech's Free Cash Flow stood at -$28.0 million in 2022, then jumped by 54.85% to -$12.6 million in 2023, then sank by 52.04% to -$19.2 million in 2024, then jumped by 33.27% to -$12.8 million in 2025, then declined by 12.52% to -$14.4 million in 2026.
- Business Quant data shows GWH's Free Cash Flow at -$14.4 million in Q1 2026, -$12.8 million in Q4 2025, and -$2.6 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 100.83 Bn | 97.72 Bn | 1.23 Bn | 926.50 Mn |
| 2 | Bloom Energy | 57.56 Bn | 54.89 Bn | 355.57 Mn | 155.97 Mn |
| 3 | Hubbell | 24.89 Bn | 24.50 Bn | 613.00 Mn | 212.80 Mn |
| 4 | nVent Electric | 24.60 Bn | 24.35 Bn | 558.00 Mn | 167.30 Mn |
| 5 | Advanced Energy Industries | 11.11 Bn | 9.69 Bn | 236.10 Mn | 36.50 Mn |
| 6 | Acuity Inc. (De) | 10.38 Bn | 9.97 Bn | 606.40 Mn | 273.60 Mn |
| 7 | Powell Industries | 7.20 Bn | 6.57 Bn | 95.30 Mn | 93.70 Mn |
| 8 | EnerSys | 6.92 Bn | 6.39 Bn | 313.36 Mn | 217.74 Mn |
| 9 | Plug Power | 3.17 Bn | 2.85 Bn | -1.68 Mn | -98.06 Mn |
| 10 | ESS Tech | 13.23 Mn | 13.23 Mn | -7.42 Mn | -9.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -9.40 Mn |
| Jun 30, 2026 | -9.40 Mn |
| 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 |