ESS Tech, Inc. (GWH)

ESS Tech Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	10.85	14.48	13.34	20.17	34.77	238.94
Short-Term Investments	-	7.56	18.26	87.9	105.05	-
Cash & Short-Term Investments	10.85	22.03	31.6	108.06	139.81	238.94
Cash Growth	1261.10%	-30.28%	-70.75%	-22.71%	-41.49%	4775.33%
Accounts Receivable	0.62	0.63	0.55	2.24	4.95	0.52
Other Receivables	-	0.82	1.87	0.82	-	-
Receivables	0.62	1.45	2.42	3.07	4.95	0.52
Inventory	0.11	0.14	5.64	3.37	-	-
Prepaid Expenses	1.2	0.93	0.95	0.52	2.03	3.48
Restricted Cash	0.81	0.81	0.91	1.37	1.21	1.22
Other Current Assets	-	0.89	1.85	1.71	3.62	1.36
Total Current Assets	13.59	26.25	43.36	118.1	151.64	245.52
Property, Plant & Equipment	14.7	20.99	22.09	18.25	20.79	4.5
Other Intangible Assets	2.55	2.68	4.66	5.11	0.18	-
Other Long-Term Assets	1.64	1.25	1.71	1.78	0.95	0.18
Total Assets	32.48	51.17	71.81	143.23	173.55	250.2

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	1.23	3.02	8.07	2.76	3.04	1.57
Accrued Expenses	2.57	2.45	7.68	8.57	10.85	5.8
Current Portion of Long-Term Debt	-	-	-	-	1.6	1.9
Current Portion of Leases	7.68	9.83	1.69	1.58	1.42	-
Current Unearned Revenue	0.28	0.36	5.24	2.55	6.17	3.66
Other Current Liabilities	8.23	9.63	4.92	4.32	4.92	0.68
Total Current Liabilities	20	25.29	27.6	19.77	27.99	13.62
Long-Term Debt	-	-	-	-	0.32	1.87
Long-Term Leases	9.77	11.35	-	0.96	2.54	-
Long-Term Unearned Revenue	5.3	5.3	14.4	18.24	2.44	-
Other Long-Term Liabilities	0.09	0.61	0.93	0.92	3.29	29.55
Total Liabilities	35.16	42.55	42.93	39.88	36.58	45.04

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0	0	0	0	0.02	0.02
Additional Paid-In Capital	874.6	854.44	811.26	799.51	755.54	745.75
Retained Earnings	-877.29	-845.82	-782.38	-696.16	-618.58	-540.61
Total Common Equity	-2.69	8.62	28.88	103.36	136.97	205.16
Shareholders' Equity	-2.69	8.62	28.88	103.36	136.97	205.16
Total Liabilities & Equity	32.48	51.17	71.81	143.23	173.55	250.2

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	17.46	21.18	1.69	2.54	5.87	3.77
Net Cash (Debt)	-6.61	0.86	29.91	105.53	133.94	235.17
Net Cash Growth	-	-97.14%	-71.65%	-21.22%	-43.04%	-
Net Cash Per Share	-0.27	0.06	2.54	9.90	13.16	42.37
Filing Date Shares Outstanding	32.97	27.17	12.1	11.66	10.29	10.17
Total Common Shares Outstanding	32.89	22.38	11.99	11.61	10.25	10.12
Working Capital	-6.41	0.96	15.76	98.33	123.64	231.9
Book Value Per Share	-0.08	0.39	2.41	8.90	13.36	20.27
Tangible Book Value	-5.24	5.94	24.23	98.25	136.79	205.16
Tangible Book Value Per Share	-0.16	0.27	2.02	8.46	13.34	20.27
Machinery	24.67	24.64	23.54	17.85	13.88	2.96
Construction In Progress	6	4.3	3.72	4.28	3.23	2.52
Leasehold Improvements	6.62	6.51	6.23	3.23	3.12	0.75

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: May 7, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 2, 2026

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