ESS Tech (GWH) Research & Development (2021 - 2026)

ESS Tech has reported Research & Development for 6 years, with the latest figure at $2.6 million in Q1 2026.

• For the quarter ending Q1 2026, Research & Development rose 5.93% year-over-year to $2.6 million; the trailing twelve-month figure through Mar 2026 stood at $8.4 million (down 21.11% YoY), and the FY2025 full-year result was $8.3 million, down 29.52% from the prior year.
• Research & Development for Q1 2026 stood at $2.6 million, down from $3.4 million in the prior quarter.
• The five-year high for Research & Development was $22.8 million in Q4 2022, with the low at $1.0 million in Q3 2025.
• Average Research & Development over 5 years is $8.5 million, with a median of $3.5 million recorded in 2024.
• Year-over-year, Research & Development soared 162.34% in 2022 and tumbled 85.42% in 2024.
• Tracing GWH's Research & Development over 5 years: stood at $22.8 million in 2022, then tumbled by 83.14% to $3.8 million in 2023, then decreased by 29.57% to $2.7 million in 2024, then rose by 24.46% to $3.4 million in 2025, then slipped by 22.06% to $2.6 million in 2026.
• The last three Research & Development figures came in at $2.6 million (Q1 2026), $3.4 million (Q4 2025), and $1.0 million (Q3 2025), per Business Quant data.

Peer Comparison