Saturday 17 October 2026
Export GWHT’s income statement to Excel — free account
ESS Tech, Inc.
GWHT Industrials Electrical Equipment & Parts
ESS Tech, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.6 million, down 74.9% from fiscal 2024. In the quarter to June 2026, revenue fell 96.9%, EPS grew 48.9% and free cash flow grew 27.8%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
0.09
0.01
+12.50%
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | 108.23 | 30.30 | 11.25 | 4.35 | 0.76 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | — | 433.80 | 178.95 | 38.85 | 17.70 | 13.87 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | 7 | 160 | 271 | 231 | 240 | 62 | ||||
| Revenue/emp, $m | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.03 | 0.03 | 0.03 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | 1 | 8 | 6 | 2 | ||||
| Gross margin, % | — | — | — | — | 0.00 | 0.00 | 100.00 | (171.82) | (720.54) | (1,748.07) | |||||
| EBT | — | — | — | — | (30) | (477) | (78) | (78) | (86) | (63) | |||||
| EBT margin, % | — | — | — | — | 0.00 | 0.00 | (8,721.36) | (1,028.89) | (1,369.69) | (4,007.58) | |||||
| Net income | — | 0 | — | — | (30) | (477) | (78) | (78) | (86) | (63) | |||||
| Depreciation | — | — | — | — | 0 | 1 | 2 | 7 | 5 | 6 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 0.00 | 0.00 | 0.09 | 0.71 | 0.53 | 0.11 | ||||
| Earnings | — | — | — | — | (7.75) | (85.91) | (7.65) | (7.20) | (7.32) | (4.34) | |||||
| Cash flow | — | — | — | — | (4.24) | (9.34) | (8.01) | (5.15) | (6.13) | (3.44) | |||||
| Capex | — | — | — | — | (0.13) | (0.50) | (1.39) | (0.54) | (0.62) | (0.23) | |||||
| Free cash flow | — | — | — | — | (4.37) | (9.84) | (9.41) | (5.69) | (6.75) | (3.68) | |||||
| Book value | — | — | — | — | (7.10) | 36.94 | 13.45 | 9.69 | 2.45 | 0.59 | |||||
| Shares, m | — | — | — | — | 4 | 6 | 10 | 11 | 12 | 15 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| P/S | — | — | — | — | — | — | 0.00 | 24.82 | 11.00 | 17.34 | |||||
| P/B | — | — | — | — | — | — | 2.58 | 1.81 | 2.40 | 3.19 | |||||
| EV/Sales | — | — | — | — | — | — | 0.00 | 10.49 | 6.05 | 8.78 | |||||
| EV/FCF | — | — | — | — | — | — | (2.21) | (1.30) | (0.48) | (0.26) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | (17) | (52) | (82) | (55) | (72) | (50) | ||||
| Capex | — | — | — | — | (1) | (3) | (14) | (6) | (7) | (3) | |||||
| Free cash flow | — | — | — | — | (17) | (55) | (96) | (61) | (80) | (54) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | — | (2) | 232 | 124 | 98 | 16 | 1 | ||||
| Total debt | — | — | — | — | 0 | 2 | 0 | — | — | 9 | |||||
| Net debt | — | — | — | — | (6) | (238) | (141) | (109) | (33) | (14) | |||||
| Shareholders’ equity | — | — | — | — | (28) | 205 | 137 | 103 | 29 | 9 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | — | (674.25) | (368.11) | (36.80) | (48.98) | (80.19) | (103.17) | ||||
| ROIC | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| ROE | — | — | — | — | (34.32) | (538.29) | (45.58) | (64.56) | (130.40) | (338.33) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
ESS Tech, Inc. vs peers in Electrical Equipment & Parts (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| PITEF Heramba Electric PLC | $11.1M | — (loss-making) | — | — | n/m | −3.60% (below 0%: shrinking) | — | — | Compare |
| FLUX Flux Power Holdings, Inc. | $9.2M | — (loss-making) | — (loss-making) | −50.72% (below 0%: shrinking) | n/m | +79.63% (above 0%: growing) | 27.36% | (25.46%) | Compare |
| EPOW E-Power Inc. | $8.5M | — (loss-making) | 6.2× | +280.53% (above 0%: growing) | −216.67% (below 0%: shrinking) | −147.37% (below 0%: shrinking) | 2.99% | 0.00% | Compare |
| GWHT ESS Tech, Inc. | $6.3M | — (loss-making) | — (loss-making) | −96.90% (below 0%: shrinking) | n/m | +27.83% (above 0%: growing) | (10,165.75%) | (20,731.51%) | |
| NXUR Nxu, Inc. | $6.1M | — (loss-making) | 27.1× | −75.00% (below 0%: shrinking) | n/m | +61.06% (above 0%: growing) | (2,100.00%) | (256,000.00%) | Compare |
| DFLI Dragonfly Energy Holdings Corp. | $5.5M | — (loss-making) | — (loss-making) | −19.01% (below 0%: shrinking) | n/m | +47.29% (above 0%: growing) | 33.00% | (22.03%) | Compare |
| CCTG CCSC Technology International Holdings Limited | $5.2M | — | — | — | — | −99.66% (below 0%: shrinking) | — | — | Compare |
| POLA Polar Power, Inc. | $4.1M | — (loss-making) | — (loss-making) | −62.37% (below 0%: shrinking) | n/m | +104.95% (above 0%: growing) | (33.07%) | (163.98%) | Compare |
| XPON Expion Energy, Inc. | $4.0M | — (loss-making) | — (loss-making) | −32.10% (below 0%: shrinking) | n/m | −270.31% (below 0%: shrinking) | 32.43% | (64.10%) | Compare |
| Median of peers | $5.8M | — | — | −41.41% | — | +21.85% | 15.18% | (44.78%) |
ESS Tech, Inc. (GWHT) key facts
- Concern: ESS Tech, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.6 million, down 74.9% from fiscal 2024.
- ESS Tech, Inc. (GWHT) is an Electrical Equipment & Parts company in the Industrials sector.
- As of October 16, 2026, GWHT traded at $0.09, a market capitalization of $6.3 million.
- Return on equity was −338.3% and debt-to-equity -3.24.
- Its Piotroski F-score is 1 out of 9 and its Altman Z-score is −26.40 (distress zone) for fiscal 2025.