ESS Tech (GWH) Operating Expenses (2021 - 2025)

ESS Tech has reported Operating Expenses over the past 5 years, most recently at $8.2 million for Q4 2025.

  • Quarterly results put Operating Expenses at $8.2 million for Q4 2025, down 20.52% from a year ago — trailing twelve months through Dec 2025 was $29.7 million (down 33.09% YoY), and the annual figure for FY2025 was $29.7 million, down 33.09%.
  • Operating Expenses for Q4 2025 was $8.2 million at ESS Tech, up from $5.1 million in the prior quarter.
  • Over the last five years, Operating Expenses for GWH hit a ceiling of $31.4 million in Q4 2022 and a floor of $5.1 million in Q3 2025.
  • Median Operating Expenses over the past 5 years was $11.2 million (2024), compared with a mean of $15.7 million.
  • Biggest five-year swings in Operating Expenses: soared 167.84% in 2022 and later tumbled 65.99% in 2023.
  • ESS Tech's Operating Expenses stood at $31.1 million in 2021, then increased by 0.91% to $31.4 million in 2022, then plummeted by 63.23% to $11.5 million in 2023, then fell by 10.74% to $10.3 million in 2024, then dropped by 20.52% to $8.2 million in 2025.
  • The last three reported values for Operating Expenses were $8.2 million (Q4 2025), $5.1 million (Q3 2025), and $6.5 million (Q2 2025) per Business Quant data.