ESS Tech (GWH) Operating Expenses (2020 - 2026)
ESS Tech (GWH) posted quarterly Operating Expenses of $6.7 million for Q1 2026, down 32.57% year-over-year from $10.0 million in Q1 2025, and down 17.72% quarter-over-quarter from $8.2 million in Q4 2025.
ESS Tech (GWH) Operating Expenses (2020 - 2026) Analysis & Trends
ESS Tech's Operating Expenses history runs 7 years deep, the most recent figure standing at $6.7 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 32.57% year-over-year to $6.7 million; the TTM figure through Mar 2026 stood at $26.5 million (down 38.9% YoY), while the FY2025 annual figure was $29.7 million, down 33.09% from the prior year.
- Operating Expenses for Q1 2026 stood at $6.7 million, down from $8.2 million in the prior quarter.
- The five-year high for Operating Expenses was $31.4 million in Q4 2022, with the low at $5.1 million in Q3 2025.
- The 5-year median for Operating Expenses is $11.3 million (2024), against an average of $15.3 million.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses soared 167.84% in 2022, then plunged 65.99% in 2023.
- ESS Tech's Operating Expenses stood at $31.4 million in 2022, then sank by 63.23% to $11.5 million in 2023, then retreated by 10.74% to $10.3 million in 2024, then declined by 20.52% to $8.2 million in 2025, then declined by 17.72% to $6.7 million in 2026.
- Business Quant data shows GWH's Operating Expenses at $6.7 million in Q1 2026, $8.2 million in Q4 2025, and $5.1 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 99.92 Bn | 96.81 Bn | 1.23 Bn | 490.50 Mn |
| 2 | Bloom Energy | 57.49 Bn | 54.82 Bn | 355.57 Mn | 173.34 Mn |
| 3 | Hubbell | 24.85 Bn | 24.45 Bn | 613.00 Mn | 264.40 Mn |
| 4 | nVent Electric | 24.78 Bn | 24.53 Bn | 558.00 Mn | 257.30 Mn |
| 5 | Advanced Energy Industries | 11.07 Bn | 9.65 Bn | 236.10 Mn | 141.00 Mn |
| 6 | Acuity Inc. (De) | 10.33 Bn | 9.92 Bn | 606.40 Mn | 413.10 Mn |
| 7 | Powell Industries | 7.19 Bn | 6.56 Bn | 95.30 Mn | 31.00 Mn |
| 8 | EnerSys | 6.92 Bn | 6.39 Bn | 313.36 Mn | 151.24 Mn |
| 9 | Plug Power | 3.23 Bn | 2.91 Bn | -1.68 Mn | 62.43 Mn |
| 10 | ESS Tech | 13.62 Mn | 13.62 Mn | -7.42 Mn | 7.71 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 7.71 Mn |
| Mar 31, 2026 | 6.74 Mn |
| Dec 31, 2025 | 8.19 Mn |
| Sep 30, 2025 | 5.09 Mn |
| Jun 30, 2025 | 6.46 Mn |
| Mar 31, 2025 | 10.00 Mn |
| Dec 31, 2024 | 10.31 Mn |
| Sep 30, 2024 | 11.30 Mn |
| Jun 30, 2024 | 11.73 Mn |
| Mar 31, 2024 | 11.11 Mn |
| Dec 31, 2023 | 11.55 Mn |
| Sep 30, 2023 | 9.50 Mn |
| Jun 30, 2023 | 27.03 Mn |
| Mar 31, 2023 | 24.87 Mn |
| Dec 31, 2022 | 31.41 Mn |
| Sep 30, 2022 | 27.92 Mn |
| Jun 30, 2022 | 24.86 Mn |
| Mar 31, 2022 | 22.19 Mn |
| Dec 31, 2021 | 31.13 Mn |
| Sep 30, 2021 | 11.04 Mn |