ESS Tech (GWH) Gross Profit (2021 - 2026)
ESS Tech's 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 has reported Gross Profit for 6 years, with the latest figure at -$7.0 million in Q1 2026.
- For the quarter ending Q1 2026, Gross Profit rose 13.61% year-over-year to -$7.0 million; the trailing twelve-month figure through Mar 2026 stood at -$26.6 million (up 41.12% YoY), and the FY2025 full-year result 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.
- Average Gross Profit over 5 years is -$5.6 million, with a median of -$7.0 million recorded in 2026.
- Peak annual rise in Gross Profit reached 332.87% in 2023, while the deepest fall reached 47075.0% in 2023.
- Tracing GWH's Gross Profit over 5 years: 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 advanced by 26.46% to -$9.7 million in 2025, then gained by 27.44% to -$7.0 million in 2026.
- The last three Gross Profit figures came in at -$7.0 million (Q1 2026), -$9.7 million (Q4 2025), and -$4.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Vertiv Holdings | 125.39 Bn | 122.89 Bn | 999.70 Mn |
| 2 | Bloom Energy | 85.22 Bn | 82.75 Bn | 225.54 Mn |
| 3 | nVent Electric | 26.63 Bn | 26.44 Bn | 445.60 Mn |
| 4 | Hubbell | 25.22 Bn | 24.72 Bn | 505.30 Mn |
| 5 | Advanced Energy Industries | 12.25 Bn | 12.25 Bn | 200.90 Mn |
| 6 | Powell Industries | 10.16 Bn | 9.61 Bn | 87.94 Mn |
| 7 | Acuity Inc. (De) | 8.82 Bn | 8.55 Bn | 520.40 Mn |
| 8 | EnerSys | 8.70 Bn | 8.26 Bn | 290.87 Mn |
| 9 | Plug Power | 5.25 Bn | 4.87 Bn | -21.61 Mn |
| 10 | ESS Tech | 28.05 Mn | 28.05 Mn | -7.04 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Sep 30, 2023 | -8.64 Mn |
| Sep 30, 2023 | -8.64 Mn |
| Jun 30, 2023 | 2.83 Mn |
| Jun 30, 2023 | 2.83 Mn |
| Mar 31, 2023 | 372,000.00 |
| Mar 31, 2023 | 372,000.00 |
| Dec 31, 2022 | 16,000.00 |
| Dec 31, 2022 | 16,000.00 |
| Sep 30, 2022 | 192,000.00 |
| Sep 30, 2022 | 192,000.00 |
| Jun 30, 2022 | -1.21 Mn |
| Jun 30, 2022 | -1.21 Mn |
| Mar 31, 2022 | -1.50 Mn |
| Mar 31, 2022 | -1.50 Mn |
| Dec 31, 2021 | -780,000.00 |
| Dec 31, 2021 | -780,000.00 |
| Sep 30, 2021 | -1.05 Mn |
| Sep 30, 2021 | -1.05 Mn |
| Jun 30, 2021 | -701,000.00 |
| Jun 30, 2021 | -701,000.00 |