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| 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 |