Company / R&D Expense
ESS Tech, Inc. R&D Expense History
FY2021-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$8.3M
FY2025
5-year range
$8.3M / $72.0M
FY2021-FY2025
Trend
-29.5%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
R&D Expense has declined for 3 consecutive years, from $72M in FY2022 to $8M in FY2025.
Based on SEC 10-K filings.
$8M in FY2025 with a 3-year CAGR of -51.3%.
Declined from $43M to $8M over the past 2 years.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -51.3%
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Key checks
Key Insights
- ESS Tech, Inc.'s r&d expense has declined for 3 consecutive years.
- 3-year CAGR of -51.3%, indicating a declining trend.
- In FY2025, r&d expense decreased 29.5% year-over-year.
- Peak r&d expense was recorded in FY2022.
Company context
Key Data Points
- Low Piotroski F-Score: 1/9 (multiple financial health concerns)
- Altman Z-Score -17.36 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $8.3M | -29.5% |
| FY2024 | $11.8M | -72.4% |
| FY2023 | $42.6M | -40.8% |
| FY2022 | $72.0M | +137.8% |
| FY2021 | $30.3M | - |
As of FY2025 · SEC Form 10-K · Last checked Jun 22, 2026