ESS Tech (GWH) Gross Profit (2022 - 2026)

ESS Tech's (GWH) quarterly Gross Profit came in at -$7.0 million in Q1 2026, up 13.61% year-on-year from -$6.2 million in Q1 2025, and up 27.44% quarter-over-quarter from -$9.7 million in Q4 2025.

ESS Tech (GWH) Gross Profit (2022 - 2026) Analysis & Trends

ESS Tech's Gross Profit history runs 5 years deep, the most recent figure standing at -$7.0 million for Q1 2026.

  • On a quarterly basis, Gross Profit rose 13.61% year-over-year to -$7.0 million in Q1 2026; TTM through Mar 2026 was -$26.6 million, a 41.12% increase from a year earlier, with the FY2025 full-year figure at -$27.7 million, up 38.99% from the prior year.
  • Gross Profit climbed to -$7.0 million in Q1 2026 per GWH's latest filing, from -$9.7 million in the prior quarter.
  • Across five years, Gross Profit topped out at $2.8 million in Q2 2023 and bottomed at -$13.2 million in Q4 2024.
  • The 5-year median for Gross Profit is -$7.5 million (2023), against an average of -$6.2 million.
  • Across the five-year window, Gross Profit tumbled 47075.0% in 2023 and jumped 61.84% in 2025, its largest moves.
  • Year by year, Gross Profit stood at $16000.0 in 2022, then tumbled by 47075.0% to -$7.5 million in 2023, then slumped by 75.47% to -$13.2 million in 2024, then gained by 26.46% to -$9.7 million in 2025, then rose by 27.44% to -$7.0 million in 2026.
  • Per Business Quant, the three latest GWH Gross Profit figures stand at -$7.0 million (Q1 2026), -$9.7 million (Q4 2025), and -$4.7 million (Q3 2025).

Peer Comparison

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

Historic Data

Download Data
DateValue
Mar 31, 2026 -7.04 Mn
Mar 31, 2026 -7.04 Mn
Dec 31, 2025 -9.70 Mn
Dec 31, 2025 -9.70 Mn
Sep 30, 2025 -4.73 Mn
Sep 30, 2025 -4.73 Mn
Jun 30, 2025 -5.10 Mn
Jun 30, 2025 -5.10 Mn
Mar 31, 2025 -8.15 Mn
Mar 31, 2025 -8.15 Mn
Dec 31, 2024 -13.19 Mn
Dec 31, 2024 -13.19 Mn
Sep 30, 2024 -12.38 Mn
Sep 30, 2024 -12.38 Mn
Jun 30, 2024 -11.40 Mn
Jun 30, 2024 -11.40 Mn
Mar 31, 2024 -8.39 Mn
Mar 31, 2024 -8.39 Mn
Dec 31, 2023 -7.52 Mn
Dec 31, 2023 -7.52 Mn