ESS Tech, Inc. (GWH)

ESS Tech Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	8.42	13.34	20.17	34.77	238.94	4.9
Short-Term Investments	4.38	18.26	87.9	105.05	-	-
Cash & Short-Term Investments	12.8	31.6	108.06	139.81	238.94	4.9
Cash Growth	-85.71%	-70.75%	-22.71%	-41.49%	4775.33%	-73.20%
Accounts Receivable	0.25	0.55	2.24	4.95	0.52	-
Other Receivables	-	1.87	0.82	-	-	-
Receivables	0.25	2.42	3.07	4.95	0.52	-
Inventory	6.88	5.64	3.37	-	-	-
Prepaid Expenses	2.85	0.95	0.52	2.03	3.48	0.11
Restricted Cash	0.91	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	23.69	43.36	118.1	151.64	245.52	6.86
Property, Plant & Equipment	23.65	21.47	18.25	20.79	4.5	1.84
Other Intangible Assets	4.59	5.27	5.11	0.18	-	-
Other Long-Term Assets	1.65	1.71	1.78	0.95	0.18	0.33
Total Assets	53.58	71.81	143.23	173.55	250.2	9.02
Accounts Payable	10.22	8.07	2.76	3.04	1.57	0.52
Accrued Expenses	7.35	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	1.29	1.69	1.58	1.42	-	-
Current Unearned Revenue	1.36	5.24	2.55	6.17	3.66	-
Other Current Liabilities	2.03	4.92	4.32	4.92	0.68	0.71
Total Current Liabilities	22.25	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	18.24	14.4	18.24	2.44	-	-
Other Long-Term Liabilities	1.02	0.93	0.92	3.29	29.55	2.26
Total Liabilities	41.5	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	812.48	811.26	799.51	755.54	745.75	35.45
Retained Earnings	-800.41	-782.38	-696.16	-618.58	-540.61	-63.49
Comprehensive Income & Other	-	-	-	-	-	0.15
Total Common Equity	12.08	28.88	103.36	136.97	205.16	-27.89
Shareholders' Equity	12.08	28.88	103.36	136.97	205.16	-1.65
Total Liabilities & Equity	53.58	71.81	143.23	173.55	250.2	9.02
Total Debt	1.29	1.69	2.54	5.87	3.77	5.7
Net Cash (Debt)	11.51	29.91	105.53	133.94	235.17	-0.8
Net Cash Growth	-86.83%	-71.65%	-21.22%	-43.04%	-	-
Net Cash Per Share	0.97	2.54	9.90	13.16	42.37	-0.20
Filing Date Shares Outstanding	12.1	12.1	11.66	10.29	10.17	7.13
Total Common Shares Outstanding	12.1	11.99	11.61	10.25	10.12	7.13
Working Capital	1.45	15.76	98.33	123.64	231.9	-1.53
Book Value Per Share	1.00	2.41	8.90	13.36	20.27	-3.91
Tangible Book Value	7.49	23.61	98.25	136.79	205.16	-27.89
Tangible Book Value Per Share	0.62	1.97	8.46	13.34	20.27	-3.91
Machinery	-	23.54	17.85	13.88	2.96	2.31
Construction In Progress	-	3.72	4.28	3.23	2.52	-
Leasehold Improvements	-	6.23	3.23	3.12	0.75	0.68

Updated Mar 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q