ESS Tech (GWH) Operating Income (2020 - 2026)
ESS Tech's quarterly Operating Income came in at -$13.8 million in Q1 2026, up 24.06% year-on-year from -$11.1 million in Q1 2025, and up 22.99% quarter-over-quarter from -$17.9 million in Q4 2025.
ESS Tech has reported Operating Income for 7 years, with the latest figure at -$13.8 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Income rose 24.06% year-over-year to -$13.8 million; the trailing twelve-month figure through Mar 2026 stood at -$53.0 million (up 40.03% YoY), and the FY2025 full-year result 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.
- Average Operating Income over 5 years is -$20.7 million, with a median of -$22.2 million recorded in 2022.
- Year-over-year, Operating Income sank 167.84% in 2022 and soared 58.57% in 2025.
- Tracing GWH's Operating Income over 5 years: stood at -$31.4 million in 2022, then jumped by 39.28% to -$19.1 million in 2023, then declined by 23.25% to -$23.5 million in 2024, then increased by 23.85% to -$17.9 million in 2025, then advanced by 22.99% to -$13.8 million in 2026.
- The last three Operating Income figures came in at -$13.8 million (Q1 2026), -$17.9 million (Q4 2025), and -$9.8 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 125.39 Bn | 122.89 Bn | 999.70 Mn | 440.10 Mn |
| 2 | Bloom Energy | 85.22 Bn | 82.75 Bn | 225.54 Mn | 72.20 Mn |
| 3 | nVent Electric | 26.63 Bn | 26.44 Bn | 445.60 Mn | 195.70 Mn |
| 4 | Hubbell | 25.22 Bn | 24.72 Bn | 505.30 Mn | 263.80 Mn |
| 5 | Advanced Energy Industries | 12.25 Bn | 12.25 Bn | 200.90 Mn | 68.30 Mn |
| 6 | Powell Industries | 10.16 Bn | 9.61 Bn | 87.94 Mn | 57.58 Mn |
| 7 | Acuity Inc. (De) | 8.82 Bn | 8.55 Bn | 520.40 Mn | 133.00 Mn |
| 8 | EnerSys | 8.70 Bn | 8.26 Bn | 290.87 Mn | 123.70 Mn |
| 9 | Plug Power | 5.25 Bn | 4.87 Bn | -21.61 Mn | -109.49 Mn |
| 10 | ESS Tech | 28.05 Mn | 28.05 Mn | -7.04 Mn | -13.78 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | -10.15 Mn |
| Mar 31, 2021 | -8.28 Mn |
| Dec 31, 2020 | -708,829.00 |
| Sep 30, 2020 | -41,854.00 |