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ESS Tech
(NYSE:GWH)
ESS Tech (GWH) vs. SPDR S&P 500 ETF (SPY)
ESS Tech Business Overview & Revenue Model
ESS Tech Earnings Call Summary
ESS Tech Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.02M | 6.29M | 7.54M | 894.00K | 0.00 | 0.00 |
| Gross Profit | -31.16M | -45.36M | -12.96M | 894.00K | -572.00K | -436.00K |
| EBITDA | -57.13M | -85.07M | -79.39M | -103.97M | -474.66M | -29.85M |
| Net Income | -62.94M | -86.22M | -77.58M | -77.97M | -477.12M | -30.42M |
Balance Sheet | ||||||
| Total Assets | 36.15M | 71.81M | 143.23M | 173.55M | 250.20M | 9.02M |
| Cash, Cash Equivalents and Short-Term Investments | 3.54M | 31.60M | 108.06M | 139.81M | 238.94M | 4.90M |
| Total Debt | 439.00K | 1.69M | 2.54M | 5.87M | 3.77M | 5.70M |
| Total Liabilities | 37.91M | 42.93M | 39.88M | 36.58M | 45.04M | 10.67M |
| Stockholders Equity | -1.77M | 28.88M | 103.36M | 136.97M | 205.16M | -1.65M |
Cash Flow | ||||||
| Free Cash Flow | -61.45M | -79.51M | -60.69M | -95.80M | -54.62M | -17.15M |
| Operating Cash Flow | -56.91M | -72.22M | -54.90M | -81.62M | -51.85M | -16.64M |
| Investing Cash Flow | 38.21M | 64.76M | 15.07M | -117.88M | -2.77M | -502.00K |
| Financing Cash Flow | 8.99M | 174.00K | 25.65M | -4.07M | 288.45M | 4.72M |
ESS Tech Technical Analysis
ESS Tech Risk Analysis
ESS Tech Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
50 Neutral | $3.68B | ― | ― | ― | 324.10% | -214.91% | |
42 Neutral | $50.42M | ― | -265.36% | ― | -3.53% | 24.37% | |
42 Neutral | $32.44M | -3.37 | ― | ― | 2.14% | 5.01% | |
41 Neutral | $210.57M | ― | -29.51% | ― | 78.82% | -20.81% | |
38 Underperform | $274.35M | -2.47 | -45.13% | ― | -14.27% | -28.56% | |
26 Underperform | $31.91M | -0.85 | ― | ― | ― | 61.78% |
ESS Tech Corporate Events
ESS Tech, Inc. recently held its earnings call, revealing a mixed sentiment among stakeholders. The company showcased strategic advancements with its Energy Base platform, highlighted successful capital raising efforts, and emphasized strong partnerships. However, these positive developments were overshadowed by a significant revenue decline and net losses, indicating that while ESS is making strides towards future growth, it still faces considerable financial challenges.
ESS Tech, Inc. is a leading manufacturer of long-duration energy storage systems, specializing in iron flow technology to support commercial and utility-scale applications, with a focus on enhancing energy security and decarbonization.
On November 13, 2025, ESS Tech, Inc. announced the launch of an ‘at the market offering’ program, entering into a Sales Agreement with several financial agents to sell shares of its common stock. The company plans to use the proceeds primarily to satisfy obligations under a Promissory Note with YA II PN, LTD., with remaining funds allocated for working capital and general corporate purposes. This strategic move aims to enhance ESS Tech’s financial flexibility and support its operational needs.
The most recent analyst rating on (GWH) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on ESS Tech stock, see the GWH Stock Forecast page.
On October 14, 2025, ESS Tech, Inc. announced the closing of a $40 million financing transaction with YA II PN, Ltd., managed by Yorkville Advisors Global, L.P. This financing, structured as a one-year promissory note, strengthens ESS’s cash position and supports its strategic pivot to U.S.-manufactured energy solutions. The transaction reflects ESS’s continued momentum, following significant customer agreements and projects, such as the 50 MWh New Horizon project for Salt River Project. With this funding, ESS is well-positioned to focus on executing existing commitments and securing new contracts for its long-duration energy storage solutions.
The most recent analyst rating on (GWH) stock is a Hold with a $9.00 price target. To see the full list of analyst forecasts on ESS Tech stock, see the GWH Stock Forecast page.
On October 13, 2025, ESS Tech, Inc. successfully reconvened its 2025 Annual Meeting of Stockholders online after an initial adjournment on October 6, 2025, due to a lack of quorum. During the meeting, stockholders elected a Class I director, ratified KPMG LLP as the independent auditor for 2025, and approved a significant issuance of common stock to comply with NYSE listing rules, indicating strategic financial maneuvers to bolster the company’s market position.
The most recent analyst rating on (GWH) stock is a Hold with a $9.00 price target. To see the full list of analyst forecasts on ESS Tech stock, see the GWH Stock Forecast page.
The recent earnings call for Ess Tech, Inc. presented a mixed bag of achievements and challenges, with a generally positive sentiment. The company has made significant strides in cost reduction and capital acquisition, alongside the successful launch of a new product. However, these positive developments are tempered by low revenue figures and uncertainties in future revenue projections, coupled with a continuous need for additional capital.
ESS Tech, Inc. has scheduled its 2025 annual meeting of stockholders for October 6, 2025, and has set a deadline of September 8, 2025, for stockholder proposals to be included in the proxy materials. Proposals or nominations received after this date will not be considered, and any changes to the meeting date will not extend this deadline.
The most recent analyst rating on (GWH) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on ESS Tech stock, see the GWH Stock Forecast page.