ESS Tech (GWH) Operating Income (2020 - 2026)
ESS Tech (GWH) posted quarterly Operating Income of -$13.8 million for Q1 2026, up 24.06% year-over-year from -$11.1 million in Q1 2025, and up 22.99% quarter-over-quarter from -$17.9 million in Q4 2025.
ESS Tech (GWH) Operating Income (2020 - 2026) Analysis & Trends
ESS Tech's Operating Income history runs 7 years deep, the most recent figure standing at -$13.8 million for Q1 2026.
- In Q1 2026, Operating Income rose 24.06% year-over-year to -$13.8 million; the TTM figure through Mar 2026 stood at -$53.0 million (up 40.03% YoY), while the FY2025 annual figure was -$57.4 million, up 36.07% from the prior year.
- Operating Income for Q1 2026 stood at -$13.8 million, up from -$17.9 million in the prior quarter.
- The five-year high for Operating Income was -$9.8 million in Q3 2025, with the low at -$31.4 million in Q4 2022.
- The 5-year median for Operating Income is -$22.2 million (2022), against an average of -$20.7 million.
- The sharpest annual moves came in 2022 and 2025: Operating Income plunged 167.84% in 2022, then soared 58.57% in 2025.
- ESS Tech's Operating Income stood at -$31.4 million in 2022, then surged by 39.28% to -$19.1 million in 2023, then slipped by 23.25% to -$23.5 million in 2024, then climbed by 23.85% to -$17.9 million in 2025, then rose by 22.99% to -$13.8 million in 2026.
- Business Quant data shows GWH's Operating Income at -$13.8 million in Q1 2026, -$17.9 million in Q4 2025, and -$9.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 101.35 Bn | 98.24 Bn | 1.23 Bn | 637.90 Mn |
| 2 | Bloom Energy | 58.17 Bn | 55.50 Bn | 355.57 Mn | 182.24 Mn |
| 3 | nVent Electric | 24.99 Bn | 24.74 Bn | 558.00 Mn | 300.70 Mn |
| 4 | Hubbell | 24.90 Bn | 24.51 Bn | 613.00 Mn | 348.60 Mn |
| 5 | Advanced Energy Industries | 11.37 Bn | 9.96 Bn | 236.10 Mn | 95.10 Mn |
| 6 | Acuity Inc. (De) | 10.36 Bn | 9.95 Bn | 606.40 Mn | 193.30 Mn |
| 7 | Powell Industries | 7.22 Bn | 6.58 Bn | 95.30 Mn | 64.08 Mn |
| 8 | EnerSys | 6.93 Bn | 6.40 Bn | 313.36 Mn | 151.41 Mn |
| 9 | Hayward Holdings | 3.18 Bn | 2.70 Bn | 155.05 Mn | 76.00 Mn |
| 10 | ESS Tech | 13.14 Mn | 13.14 Mn | -7.42 Mn | -15.13 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -15.13 Mn |
| Mar 31, 2026 | -13.78 Mn |
| Dec 31, 2025 | -17.89 Mn |
| Sep 30, 2025 | -9.81 Mn |
| Jun 30, 2025 | -11.56 Mn |
| Mar 31, 2025 | -18.15 Mn |
| Dec 31, 2024 | -23.50 Mn |
| Sep 30, 2024 | -23.68 Mn |
| Jun 30, 2024 | -23.13 Mn |
| Mar 31, 2024 | -19.49 Mn |
| Dec 31, 2023 | -19.07 Mn |
| Sep 30, 2023 | -18.13 Mn |
| Jun 30, 2023 | -24.21 Mn |
| Mar 31, 2023 | -24.50 Mn |
| Dec 31, 2022 | -31.40 Mn |
| Sep 30, 2022 | -27.73 Mn |
| Jun 30, 2022 | -24.18 Mn |
| Mar 31, 2022 | -22.19 Mn |
| Dec 31, 2021 | -31.13 Mn |
| Sep 30, 2021 | -11.04 Mn |