ESS Tech Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	3.54	13.34	20.17	34.77	238.94	4.9
Short-Term Investments	-	18.26	87.9	105.05	-	-
Cash & Short-Term Investments	3.54	31.6	108.06	139.81	238.94	4.9
Cash Growth	-93.58%	-70.75%	-22.71%	-41.49%	4775.33%	-73.20%
Accounts Receivable	0.65	0.55	2.24	4.95	0.52	-
Other Receivables	0.9	1.87	0.82	-	-	-
Receivables	1.55	2.42	3.07	4.95	0.52	-
Inventory	4.65	5.64	3.37	-	-	-
Prepaid Expenses	1.01	0.95	0.52	2.03	3.48	0.11
Restricted Cash	0.81	0.91	1.37	1.21	1.22	1.17
Other Current Assets	-	1.85	1.71	3.62	1.36	0.69
Total Current Assets	11.56	43.36	118.1	151.64	245.52	6.86
Property, Plant & Equipment	18.88	21.47	18.25	20.79	4.5	1.84
Other Intangible Assets	4.46	5.27	5.11	0.18	-	-
Other Long-Term Assets	1.26	1.71	1.78	0.95	0.18	0.33
Total Assets	36.15	71.81	143.23	173.55	250.2	9.02
Accounts Payable	9.47	8.07	2.76	3.04	1.57	0.52
Accrued Expenses	2.22	7.68	8.57	10.85	5.8	1.49
Short-Term Debt	-	-	-	-	-	0.94
Current Portion of Long-Term Debt	-	-	-	1.6	1.9	4.74
Current Portion of Leases	0.44	1.69	1.58	1.42	-	-
Current Unearned Revenue	1.33	5.24	2.55	6.17	3.66	-
Other Current Liabilities	10.34	4.92	4.32	4.92	0.68	0.71
Total Current Liabilities	23.8	27.6	19.77	27.99	13.62	8.39
Long-Term Debt	-	-	-	0.32	1.87	0.02
Long-Term Leases	-	-	0.96	2.54	-	-
Long-Term Unearned Revenue	5.3	14.4	18.24	2.44	-	-
Other Long-Term Liabilities	8.81	0.93	0.92	3.29	29.55	2.26
Total Liabilities	37.91	42.93	39.88	36.58	45.04	10.67
Common Stock	0	0	0	0.02	0.02	0.01
Additional Paid-In Capital	820.07	811.26	799.51	755.54	745.75	35.45
Retained Earnings	-821.84	-782.38	-696.16	-618.58	-540.61	-63.49
Comprehensive Income & Other	-	-	-	-	-	0.15
Total Common Equity	-1.77	28.88	103.36	136.97	205.16	-27.89
Shareholders' Equity	-1.77	28.88	103.36	136.97	205.16	-1.65
Total Liabilities & Equity	36.15	71.81	143.23	173.55	250.2	9.02
Total Debt	0.44	1.69	2.54	5.87	3.77	5.7
Net Cash (Debt)	3.1	29.91	105.53	133.94	235.17	-0.8
Net Cash Growth	-94.15%	-71.65%	-21.22%	-43.04%	-	-
Net Cash Per Share	0.25	2.54	9.90	13.16	42.37	-0.20
Filing Date Shares Outstanding	19.62	12.1	11.66	10.29	10.17	7.13
Total Common Shares Outstanding	15.39	11.99	11.61	10.25	10.12	7.13
Working Capital	-12.25	15.76	98.33	123.64	231.9	-1.53
Book Value Per Share	-0.11	2.41	8.90	13.36	20.27	-3.91
Tangible Book Value	-6.22	23.61	98.25	136.79	205.16	-27.89
Tangible Book Value Per Share	-0.40	1.97	8.46	13.34	20.27	-3.91
Machinery	24.64	23.54	17.85	13.88	2.96	2.31
Construction In Progress	4.5	3.72	4.28	3.23	2.52	-
Leasehold Improvements	6.47	6.23	3.23	3.12	0.75	0.68

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q