ESS Tech (GWH) Net Income (2020 - 2026)
ESS Tech (GWH) posted quarterly Net Income of -$23.9 million for Q1 2026, down 18.51% year-over-year from -$29.3 million in Q1 2025, and down 5.25% quarter-over-quarter from -$22.7 million in Q4 2025.
ESS Tech (GWH) Net Income (2020 - 2026) Analysis & Trends
ESS Tech's Net Income history runs 7 years deep, the most recent figure standing at -$23.9 million for Q1 2026.
- In Q1 2026, Net Income fell 18.51% year-over-year to -$23.9 million; the TTM figure through Mar 2026 stood at -$72.4 million (up 24.68% YoY), while the FY2025 annual figure was -$62.6 million, up 32.74% from the prior year.
- Net Income for Q1 2026 stood at -$23.9 million, down from -$22.7 million in the prior quarter.
- The five-year high for Net Income was -$12.0 million in Q3 2025, with the low at -$33.0 million in Q4 2022.
- The 5-year median for Net Income is -$22.8 million (2024), against an average of -$23.4 million.
- The sharpest annual moves came in 2022 and 2025: Net Income slumped 170.84% in 2022, then jumped 55.49% in 2025.
- ESS Tech's Net Income stood at -$33.0 million in 2022, then jumped by 41.01% to -$19.5 million in 2023, then slipped by 15.89% to -$22.6 million in 2024, then fell by 0.58% to -$22.7 million in 2025, then decreased by 5.25% to -$23.9 million in 2026.
- Business Quant data shows GWH's Net Income at -$23.9 million in Q1 2026, -$22.7 million in Q4 2025, and -$12.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 100.83 Bn | 97.72 Bn | 1.23 Bn | 497.80 Mn |
| 2 | Bloom Energy | 57.56 Bn | 54.89 Bn | 355.57 Mn | 198.83 Mn |
| 3 | Hubbell | 24.89 Bn | 24.50 Bn | 613.00 Mn | 242.20 Mn |
| 4 | nVent Electric | 24.60 Bn | 24.35 Bn | 558.00 Mn | 215.90 Mn |
| 5 | Advanced Energy Industries | 11.11 Bn | 9.69 Bn | 236.10 Mn | 54.10 Mn |
| 6 | Acuity Inc. (De) | 10.38 Bn | 9.97 Bn | 606.40 Mn | 141.00 Mn |
| 7 | Powell Industries | 7.20 Bn | 6.57 Bn | 95.30 Mn | 52.16 Mn |
| 8 | EnerSys | 6.92 Bn | 6.39 Bn | 313.36 Mn | 116.45 Mn |
| 9 | Plug Power | 3.17 Bn | 2.85 Bn | -1.68 Mn | -190.10 Mn |
| 10 | ESS Tech | 13.23 Mn | 13.23 Mn | -7.42 Mn | -15.73 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -24.99 Mn |
| Mar 31, 2026 | -23.91 Mn |
| Dec 31, 2025 | -22.72 Mn |
| Sep 30, 2025 | -12.01 Mn |
| Jun 30, 2025 | -13.76 Mn |
| Mar 31, 2025 | -20.17 Mn |
| Dec 31, 2024 | -22.59 Mn |
| Sep 30, 2024 | -26.98 Mn |
| Jun 30, 2024 | -26.37 Mn |
| Mar 31, 2024 | -22.82 Mn |
| Dec 31, 2023 | -19.49 Mn |
| Sep 30, 2023 | -20.77 Mn |
| Jun 30, 2023 | -29.31 Mn |
| Mar 31, 2023 | -27.37 Mn |
| Dec 31, 2022 | -33.04 Mn |
| Sep 30, 2022 | -28.88 Mn |
| Jun 30, 2022 | -25.33 Mn |
| Mar 31, 2022 | -22.59 Mn |
| Dec 31, 2021 | -31.13 Mn |
| Sep 30, 2021 | -11.04 Mn |