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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 | 6.17M | 6.29M | 7.54M | 894.00K | 0.00 | 0.00 |
| Gross Profit | -38.82M | -45.36M | -12.96M | -1.76M | -572.00K | -436.00K |
| EBITDA | -71.59M | -85.07M | -79.39M | -103.97M | -60.03M | -16.96M |
| Net Income | -75.05M | -86.22M | -77.58M | -77.97M | -324.85M | -30.48M |
Balance Sheet | ||||||
| Total Assets | 39.62M | 71.81M | 143.23M | 173.55M | 250.20M | 9.02M |
| Cash, Cash Equivalents and Short-Term Investments | 797.00K | 31.60M | 108.06M | 139.81M | 238.94M | 4.90M |
| Total Debt | 872.00K | 1.69M | 2.54M | 5.87M | 3.77M | 5.70M |
| Total Liabilities | 36.31M | 42.93M | 39.88M | 36.58M | 45.33M | 36.91M |
| Stockholders Equity | 3.30M | 28.88M | 103.36M | 136.97M | 204.87M | -27.89M |
Cash Flow | ||||||
| Free Cash Flow | -75.91M | -79.51M | -60.69M | -95.80M | -54.62M | -17.15M |
| Operating Cash Flow | -68.69M | -72.22M | -54.90M | -81.62M | -51.85M | -16.64M |
| Investing Cash Flow | 31.49M | 64.76M | 15.07M | -117.88M | -2.77M | -502.00K |
| Financing Cash Flow | 920.00K | 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% | |
57 Neutral | $81.02M | ― | -207.48% | ― | -16.98% | 2.43% | |
54 Neutral | $4.48B | ― | ― | ― | 128.49% | -697.81% | |
48 Neutral | $238.99M | -0.80 | -29.51% | ― | 78.82% | -20.81% | |
42 Neutral | $37.38M | -5.56 | ― | ― | 9.22% | 20.66% | |
40 Neutral | $380.01M | -3.86 | -45.13% | ― | -14.27% | -28.56% | |
26 Underperform | $44.58M | ― | ― | ― | ― | 25.87% |
ESS Tech Corporate Events
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.
ESS Tech, Inc. has appointed Jigish Trivedi as Chief Operating Officer effective August 18, 2025. Mr. Trivedi brings extensive experience from his previous roles at Electric Hydrogen Co. and Micron Technology. His appointment comes with a comprehensive compensation package, including a base salary, bonus potential, and restricted stock units. This strategic hire is expected to bolster ESS Tech’s operational leadership and enhance its market positioning.
The most recent analyst rating on (GWH) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on ESS Tech stock, see the GWH Stock Forecast page.
ESS Tech, Inc. is a prominent manufacturer of long-duration energy storage systems, specializing in iron flow battery technology for commercial and utility-scale applications, with a focus on sustainability and energy security.
On August 1, 2025, ESS Tech, Inc. terminated its Chief Financial Officer, Anthony Rabb, without severance. This decision was unrelated to any accounting or regulatory issues. The company has appointed Kate Suhadolnik, the current Controller, as the interim CFO. Ms. Suhadolnik, who has been with the company since 2021, brings 14 years of experience in finance and accounting, including roles at The Standard and Deloitte & Touche LLP.
The most recent analyst rating on (GWH) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on ESS Tech stock, see the GWH Stock Forecast page.