NYSE:GWH
ESS Tech, Inc.
ESS Tech, Inc.'s revenue fell 74.9% in fiscal 2025 to $1.6M while operating margin fell to −3626.5%. Free cash flow was −$53.7M, −3390.5% of revenue, and the diluted share count rose 24.0%.Summary generated from ESS Tech, Inc.'s SEC filings. Latest annual report filed Mar 5, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$1.6M
Revenue growth−74.9%
Revenue, 5-yr CAGRn/a
Gross margin−1748.1%
Operating margin−3626.5%
Net margin−4007.6%
ROICn/a
Return on equity−338.3%
Debt / equityn/a
Free cash flow−$53.7M
FCF margin−3390.5%
Share count change+24.0%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 0 | 1 | 8 | 6 | 2 |
| Operating income | −61 | −105 | −86 | −90 | −57 |
| Net income | −477 | −78 | −78 | −86 | −63 |
| Free cash flow | −55 | −96 | −61 | −80 | −54 |
Recent filings
- 8-KNotice of delisting or listing-rule failure
Oct 5, 2026 - 8-KNotice of delisting or listing-rule failure
Sep 30, 2026 - DEF 14AProxy statement
Sep 24, 2026 - 8-KDirector or officer change
Sep 3, 2026 - 4Insider transaction report
Aug 24, 2026 - 4Insider transaction report
Aug 24, 2026 - 8-KEntry into a material agreement
Aug 21, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 11, 2026