ESS Tech (GWH) Gross Margin (2022 - 2026)
ESS Tech (GWH) posted Gross Margin of 10165.75% for Q2 2026, down 84.88% on a QoQ basis from 5498.44% in Q1 2026, and down 994943.0% year-over-year from N/an in Q2 2025.
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Analysis
ESS Tech (GWH) Gross Margin (2022 - 2026) Analysis & Trends
ESS Tech has reported Gross Margin for 5 years, with the latest figure at 10165.75% in Q2 2026.
- On a quarterly basis, Gross Margin fell 994943.0% year-over-year to 10165.75% in Q2 2026; TTM through Jun 2026 was 2462.32%, a 309187.0% increase from a year earlier, with the FY2025 full-year figure at 1748.07%, down 102753.0% from the prior year.
- Gross Margin was 10165.75% for Q2 2026 at ESS Tech, down from 5498.44% in the prior quarter.
- The five-year high for Gross Margin was 610.77% in Q4 2025, with the low at 10165.75% in Q2 2026.
- Average Gross Margin over 5 years is 1672.48%, with a median of 384.55% recorded in 2024.
- The sharpest annual moves came in 2025 and 2026: Gross Margin surged 305953 bps in 2025, then tumbled 994943 bps in 2026.
- Over 5 years, Gross Margin stood at 100.0% in 2022, then tumbled by 369 bps to 268.81% in 2023, then sank by 72 bps to 462.74% in 2024, then soared by 232 bps to 610.77% in 2025, then sank by 1764 bps to 10165.75% in 2026.
- The last three Gross Margin figures came in at 10165.75% (Q2 2026), 5498.44% (Q1 2026), and 610.77% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | EnerSys | 6.54 Bn | 6.01 Bn | 313.36 Mn | 33.49% |
| 2 | QuantumScape | 3.20 Bn | 3.20 Bn | - | - |
| 3 | Eos Energy Enterprises | 1.35 Bn | 1.00 Bn | -48.80 Mn | -70.96% |
| 4 | Fluence Energy | 1.34 Bn | 769.30 Mn | 33.24 Mn | 5.12% |
| 5 | Energy Vault Holdings | 752.49 Mn | 645.13 Mn | 5.38 Mn | 30.95% |
| 6 | Enovix | 689.37 Mn | 689.37 Mn | 1.30 Mn | 14.43% |
| 7 | Amprius Technologies | 436.15 Mn | 361.63 Mn | 9.28 Mn | 27.27% |
| 8 | Electrovaya | 257.13 Mn | 244.05 Mn | 6.19 Mn | 34.93% |
| 9 | Microvast Holdings | 215.82 Mn | 72.70 Mn | 25.78 Mn | 29.54% |
| 10 | ESS Tech | 12.59 Mn | 12.59 Mn | -7.42 Mn | -10,165.75% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -10,165.75% |
| Mar 31, 2026 | -5,498.44% |
| Dec 31, 2025 | 610.77% |
| Sep 30, 2025 | -2,207.94% |
| Jun 30, 2025 | -216.33% |
| Mar 31, 2025 | -1,360.10% |
| Dec 31, 2024 | -462.74% |
| Sep 30, 2024 | -3,449.03% |
| Jun 30, 2024 | -3,275.86% |
| Mar 31, 2024 | -306.36% |
| Dec 31, 2023 | -268.81% |
| Sep 30, 2023 | -559.09% |
| Jun 30, 2023 | 100.00% |
| Mar 31, 2023 | 100.00% |
| Dec 31, 2022 | 100.00% |
| Sep 30, 2022 | 100.00% |