ESS Tech, Inc. Income Statement
GWH|5 years of annual SEC 10-K data (FY2021-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 5 fiscal years. All figures from audited SEC 10-K filings.
At a glance
Revenue
$2M
FY2025
Gross Profit
-$28M
-1748.1% gross margin
Operating Income
-$57M
FY2025
Net Income
-$63M
FY2025
ESS Tech, Inc. reported $2M in revenue and $63M in net loss for FY2025. Revenue has grown at a 21.0% compound annual rate over the past 3 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score -17.36 (distress zone, below 1.23 threshold)
- Piotroski F-Score: 1/9 criteria passed
- Currently unprofitable: Net income is negative
- Cash-backed earnings: Operating cash flow exceeds net income
- Negative return on equity: -736.1% ROE
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $1.6M | $6.3M | $7.5M | $894.0K | $0 |
| Cost of Revenue | $29.3M | $51.7M | $20.5M | $0 | - |
| Gross Profit | -$27.7M | -$45.4M | -$13.0M | $894.0K | - |
| SG&A Expense | $17.6M | $23.5M | $22.6M | $27.5M | $27.3M |
| R&D Expense | $8.3M | $11.8M | $42.6M | $72.0M | $30.3M |
| Operating Income | -$57.4M | -$89.8M | -$85.9M | -$105.5M | -$60.6M |
| Interest Expense | - | - | - | - | $1.9M |
| Income Tax | $0 | - | - | - | - |
| Net Income | -$63.4M | -$86.2M | -$77.6M | -$78.0M | -$477.1M |
| EPS (Basic) | -$7.32 | -$7.27 | -$0.51 | -$5.73 | -$0.52 |
| EPS (Diluted) | -$7.32 | -$7.27 | -$0.51 | -$5.73 | -$0.52 |
| Shares Outstanding | 12.0M | 11.6M | 153.8M | 135.2M | 58.9M |
| Gross Margin | -1748.1% | -720.5% | -171.8% | 100.0% | - |
| Operating Margin | -3626.5% | -1426.5% | -1139.3% | -11800.0% | - |
| Profit Margin | -4007.6% | -1369.7% | -1028.9% | -8721.4% | - |