ESS Tech (GWH) Research & Development (2021 - 2026)
ESS Tech's (GWH) quarterly Research & Development came in at $254000.0 in Q1 2026, down 89.75% year-on-year from $2.5 million in Q1 2025, and up 123.2% quarter-over-quarter from -$1.1 million in Q4 2025.
ESS Tech (GWH) Research & Development (2021 - 2026) Analysis & Trends
ESS Tech's Research & Development history runs 6 years deep, the most recent figure standing at $254000.0 for Q1 2026.
- On a quarterly basis, Research & Development fell 89.75% year-over-year to $254000.0 in Q1 2026; TTM through Mar 2026 was $943000.0, a 92.28% decrease from a year earlier, with the FY2025 full-year figure at $3.8 million, down 67.43% from the prior year.
- Research & Development improved to $254000.0 in Q1 2026 per GWH's latest filing, from -$1.1 million in the prior quarter.
- Across five years, Research & Development topped out at $17.7 million in Q1 2023 and bottomed at -$31.0 million in Q4 2023.
- The 5-year median for Research & Development is $1.8 million (2022), against an average of $1.1 million.
- Biggest YoY gain for Research & Development was 1081.35% in 2023; the steepest drop was 1903.95% in 2023.
- Year by year, Research & Development stood at $1.7 million in 2022, then sank by 1903.95% to -$31.0 million in 2023, then jumped by 114.49% to $4.5 million in 2024, then sank by 124.34% to -$1.1 million in 2025, then soared by 123.2% to $254000.0 in 2026.
- Per Business Quant, the three latest GWH Research & Development figures stand at $254000.0 (Q1 2026), -$1.1 million (Q4 2025), and $360000.0 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Electrovaya | 424.38 Bn | 424.36 Bn | 6.04 Mn | 1.48 Mn |
| 2 | Vertiv Holdings | 116.45 Bn | 113.95 Bn | 999.70 Mn | - |
| 3 | Bloom Energy | 61.23 Bn | 58.77 Bn | 225.54 Mn | 56.85 Mn |
| 4 | Hubbell | 25.93 Bn | 25.43 Bn | 505.30 Mn | - |
| 5 | nVent Electric | 25.66 Bn | 25.47 Bn | 445.60 Mn | 22.70 Mn |
| 6 | Advanced Energy Industries | 11.88 Bn | 11.18 Bn | 200.90 Mn | 62.40 Mn |
| 7 | Acuity Inc. (De) | 9.90 Bn | 9.48 Bn | 606.40 Mn | - |
| 8 | Powell Industries | 9.42 Bn | 8.87 Bn | 87.94 Mn | 4.29 Mn |
| 9 | EnerSys | 7.49 Bn | 7.05 Bn | 290.87 Mn | - |
| 10 | ESS Tech | 22.34 Mn | 22.34 Mn | -7.04 Mn | 254,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 254,000.00 |
| Dec 31, 2025 | -1.10 Mn |
| Sep 30, 2025 | 360,000.00 |
| Jun 30, 2025 | 1.42 Mn |
| Mar 31, 2025 | 2.48 Mn |
| Dec 31, 2024 | 4.50 Mn |
| Sep 30, 2024 | 2.53 Mn |
| Jun 30, 2024 | 2.71 Mn |
| Mar 31, 2024 | 2.03 Mn |
| Dec 31, 2023 | -31.05 Mn |
| Sep 30, 2023 | 8.00 Mn |
| Jun 30, 2023 | 1.74 Mn |
| Mar 31, 2023 | 17.73 Mn |
| Dec 31, 2022 | 1.72 Mn |
| Sep 30, 2022 | 1.82 Mn |
| Jun 30, 2022 | 1.90 Mn |
| Mar 31, 2022 | 1.50 Mn |
| Dec 31, 2021 | 10.73 Mn |
| Sep 30, 2021 | 1.05 Mn |
| Jun 30, 2021 | 701,000.00 |