NYSE: GWH
ESS Tech, Inc.CIK 0001819438 · Misc Electrical Equipment
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Latest financial statements
From 10-Q filed May 7, 2026 (period ending Mar 31, 2026). SEC XBRL (companyfacts) — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | Q1 ended Mar 31, 2026 | Q3 ended Sep 30, 2025 |
|---|---|---|
| Revenue: | ||
| Total revenue / net sales | 0.1 | 0.2 |
| Cost of revenue / cost of sales | 7.2 | 4.9 |
| Gross profit | (7.0) | (4.7) |
| Operating expenses: | ||
| Sales and marketing | 0.3 | 0.4 |
| Research and development | 2.6 | 1.0 |
| General and administrative | 3.9 | 3.7 |
| Total operating expenses | 6.7 | 5.1 |
| Operating income | (13.8) | (9.8) |
| Other income/(expense), net | (2.1) | (0.6) |
| Income tax expense/(benefit) | — | — |
| Net income | (15.9) | (10.4) |
| Basic earnings per share | (0.54) | (0.73) |
| Diluted earnings per share | (0.54) | (0.73) |
Consolidated Balance Sheets (Unaudited)
| Description | Mar 31, 2026 | Dec 31, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and equivalents | 15.5 | 14.5 |
| Accounts receivable, net | 0.04 | 0.01 |
| Inventories | 0.1 | 0.1 |
| Prepaid expenses and other current assets | 2.4 | 3.3 |
| Other current assets | 6.8 | 8.4 |
| Total current assets | 24.8 | 26.2 |
| Property, plant and equipment, net | 16.3 | 17.2 |
| Operating lease right-of-use assets, net | 3.3 | 3.8 |
| Identifiable intangible assets, net | 2.6 | 2.7 |
| Deferred income taxes and other assets | 0.6 | 0.6 |
| TOTAL ASSETS | 48.6 | 51.2 |
| Current liabilities: | ||
| Accounts payable | 1.3 | 3.0 |
| Current portion of operating lease liabilities | 1.9 | 1.8 |
| Deferred revenue, current | 0.3 | 0.4 |
| Other current liabilities | 19.5 | 20.1 |
| Total current liabilities | 23.0 | 25.3 |
| Operating lease liabilities | 1.6 | 2.1 |
| Deferred income taxes and other liabilities | 0.03 | 0.04 |
| Other long-term liabilities | 14.5 | 15.2 |
| Total liabilities | 39.1 | 42.6 |
| Shareholders' equity: | ||
| Common stock | — | — |
| Capital in excess of stated value | 871.2 | 854.4 |
| Retained earnings (deficit) | (861.7) | (845.8) |
| Total shareholders' equity | 9.4 | 8.6 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 48.6 | 51.2 |
Consolidated Statements of Cash Flows (Unaudited)
| Description | Q1 ended Mar 31, 2026 | Nine months ended Sep 30, 2025 |
|---|---|---|
| Operating Activities: | ||
| Net cash from operating activities | (13.5) | (36.4) |
| Investing Activities: | ||
| Net cash from investing activities | 0.7 | 17.3 |
| Financing Activities: | ||
| Net cash from financing activities | 14.0 | 8.9 |
| Net increase/(decrease) in cash | 1.3 | (10.2) |
Amounts in millions USD; EPS as reported. Line labels are presentation-friendly mappings of filer XBRL tags — not a re-audit of the full statements. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗