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
DateValue
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