ESS Tech, Inc. financial data

Symbol
GWH, GWH-WT on NYSE
Industry
Miscellaneous Electrical Machinery, Equipment & Supplies
Location
26440 Sw Parkway Ave., Bldg. 83, Wilsonville, OR
State of incorporation
DE
Fiscal year end
December 31
Former names
ACON S2 Acquisition Corp. (to 10/8/2021)
Latest financial report
10-K - Q4 2024 - Mar 31, 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 279 % -51.1%
Quick Ratio 19.2 %
Debt-to-equity 71.6 % +118%
Return On Equity -147 % -105%
Return On Assets -85.5 % -59%
Operating Margin -1.43K % -25.2%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 12.1M shares -93.1%
Common Stock, Shares, Outstanding 12M shares +3.21%
Entity Public Float 84.7M USD -24.3%
Common Stock, Value, Issued 1K USD 0%
Weighted Average Number of Shares Outstanding, Basic 11.8M shares +10.4%
Weighted Average Number of Shares Outstanding, Diluted 11.8M shares +10.4%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 6.3M USD -16.5%
Cost of Revenue 51.7M USD +152%
Research and Development Expense 11.8M USD -72.4%
Selling and Marketing Expense 9.16M USD +18.3%
General and Administrative Expense 23.5M USD +4.13%
Operating Income (Loss) -89.8M USD -4.53%
Nonoperating Income (Expense) 3.58M USD -57.1%
Income Tax Expense (Benefit) 0 USD
Net Income (Loss) Attributable to Parent -86.2M USD -11.1%
Earnings Per Share, Basic -7.32 USD/shares -0.69%
Earnings Per Share, Diluted -7.32 USD/shares -0.69%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 13.3M USD -33.8%
Cash, Cash Equivalents, and Short-term Investments 31.6M USD
Accounts Receivable, after Allowance for Credit Loss, Current 215K USD -89.2%
Inventory, Net 5.64M USD +67.6%
Assets, Current 43.4M USD -63.3%
Property, Plant and Equipment, Net 20.6M USD +26.5%
Operating Lease, Right-of-Use Asset 1.5M USD -30.6%
Intangible Assets, Net (Excluding Goodwill) 4.66M USD -5.42%
Other Assets, Noncurrent 760K USD -8.76%
Assets 71.8M USD -49.9%
Accounts Payable, Current 8.07M USD +193%
Employee-related Liabilities, Current 4.35M USD -23.4%
Contract with Customer, Liability, Current 5.24M USD +106%
Liabilities, Current 27.6M USD +39.6%
Contract with Customer, Liability, Noncurrent 14.4M USD -20.9%
Operating Lease, Liability, Noncurrent 0 USD -100%
Other Liabilities, Noncurrent 125K USD
Liabilities 42.9M USD +7.66%
Retained Earnings (Accumulated Deficit) -782M USD -12.4%
Stockholders' Equity Attributable to Parent 28.9M USD -72.1%
Liabilities and Equity 71.8M USD -49.9%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -18.9M USD -2.16%
Net Cash Provided by (Used in) Financing Activities -81K USD +73.3%
Net Cash Provided by (Used in) Investing Activities 34.7M USD -51.9%
Common Stock, Shares Authorized 1B shares 0%
Common Stock, Shares, Issued 12M shares +3.21%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 15.7M USD -70.5%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 15.2M USD -32.4%
Deferred Tax Assets, Valuation Allowance 93M USD +23%
Deferred Tax Assets, Gross 93.4M USD +22.6%
Operating Lease, Liability 1.69M USD -33.3%
Depreciation 4.5M USD -29.7%
Payments to Acquire Property, Plant, and Equipment 953K USD -63.5%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -86.2M USD -11.1%
Lessee, Operating Lease, Liability, to be Paid 1.79M USD -34%
Property, Plant and Equipment, Gross 34.1M USD +33.5%
Operating Lease, Liability, Current 1.69M USD +7.02%
Lessee, Operating Lease, Liability, to be Paid, Year Two 983K USD -42.8%
Lessee, Operating Lease, Liability, to be Paid, Year One 1.79M USD +3.78%
Operating Lease, Weighted Average Discount Rate, Percent 0.1 pure +26.7%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 93K USD -43.6%
Deferred Tax Assets, Operating Loss Carryforwards 62.9M USD +34.9%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 200M shares 0%
Unrecognized Tax Benefits 1.79M USD +22.6%
Operating Lease, Payments 449K USD +8.72%
Additional Paid in Capital 811M USD +1.47%
Preferred Stock, Shares Outstanding 0 shares
Amortization of Intangible Assets 300K USD
Depreciation, Depletion and Amortization 1.22M USD +13.2%
Deferred Tax Assets, Net of Valuation Allowance 405K USD -33.2%
Share-based Payment Arrangement, Expense 11.6M USD +8.84%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%