ESS Tech (GWH) Gross Profit (2022 - 2026)
ESS Tech (GWH) posted quarterly Gross Profit of -$7.0 million for Q1 2026, up 13.61% year-over-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.
- In Q1 2026, Gross Profit rose 13.61% year-over-year to -$7.0 million; the TTM figure through Mar 2026 stood at -$26.6 million (up 41.12% YoY), while the FY2025 annual figure was -$27.7 million, up 38.99% from the prior year.
- Gross Profit for Q1 2026 stood at -$7.0 million, up from -$9.7 million in the prior quarter.
- The five-year high for Gross Profit was $2.8 million in Q2 2023, with the low 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.
- The sharpest annual moves came in 2023 and 2025: Gross Profit slumped 47075.0% in 2023, then jumped 61.84% in 2025.
- ESS Tech's Gross Profit stood at $16000.0 in 2022, then plunged by 47075.0% to -$7.5 million in 2023, then tumbled by 75.47% to -$13.2 million in 2024, then rose by 26.46% to -$9.7 million in 2025, then increased by 27.44% to -$7.0 million in 2026.
- Business Quant data shows GWH's Gross Profit at -$7.0 million in Q1 2026, -$9.7 million in Q4 2025, and -$4.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Vertiv Holdings | 100.83 Bn | 97.72 Bn | 1.23 Bn |
| 2 | Bloom Energy | 57.56 Bn | 54.89 Bn | 355.57 Mn |
| 3 | Hubbell | 24.89 Bn | 24.50 Bn | 613.00 Mn |
| 4 | nVent Electric | 24.60 Bn | 24.35 Bn | 558.00 Mn |
| 5 | Advanced Energy Industries | 11.11 Bn | 9.69 Bn | 236.10 Mn |
| 6 | Acuity Inc. (De) | 10.38 Bn | 9.97 Bn | 606.40 Mn |
| 7 | Powell Industries | 7.20 Bn | 6.57 Bn | 95.30 Mn |
| 8 | EnerSys | 6.92 Bn | 6.39 Bn | 313.36 Mn |
| 9 | Plug Power | 3.17 Bn | 2.85 Bn | -1.68 Mn |
| 10 | ESS Tech | 13.23 Mn | 13.23 Mn | -7.42 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -7.42 Mn |
| Jun 30, 2026 | -7.42 Mn |
| 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 |