ESS Tech, Inc.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $73.0K | $128.0K | $-1.6M | $214.0K | $2.4M | $599.0K | $2.9M | $359.0K |
| Cost of Revenue | $7.5M | $7.2M | $8.1M | $4.9M | $7.5M | $8.7M | $16.0M | $12.7M |
| Gross Profit | $-7.4M | $-7.0M | $-9.7M | $-4.7M | $-5.1M | $-8.1M | $-13.2M | $-12.4M |
| Gross Margin | -10,165.8% | -5,498.4% | 610.8% | -2,207.9% | -216.3% | -1,360.1% | -462.7% | -3,449.0% |
| Operating Expenses | ||||||||
| Research & Development | $2.2M | $2.6M | $3.4M | $1.0M | $1.4M | $2.5M | $2.7M | $2.7M |
| SG&A Expense | $5.0M | $3.9M | $4.6M | $3.7M | $3.7M | $5.6M | $5.7M | $6.1M |
| Operating Income | $-15.1M | $-13.8M | $-17.9M | $-9.8M | $-11.6M | $-18.1M | $-23.5M | $-23.7M |
| Operating Margin | -20,731.5% | -10,765.6% | 1,126.8% | -4,584.6% | -490.1% | -3,029.4% | -824.5% | -6,596.7% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | — | $0 |
| Net Income | $-15.6M | $-15.9M | $-24.0M | $-10.4M | $-11.1M | $-18.0M | $-23.5M | $-22.5M |
| Net Margin | -21,305.5% | -12,439.1% | 1,510.3% | -4,848.1% | -468.9% | -3,009.3% | -823.8% | -6,265.5% |
| EPS (Basic) | $-0.46 | $-0.54 | $-1.21 | $-0.73 | $-0.90 | $-1.50 | $-1.98 | $-1.90 |
| EPS (Diluted) | $-0.46 | $-0.54 | $-1.21 | $-0.73 | $-0.90 | $-1.50 | $-1.98 | $-1.90 |
| Shares Outstanding (Basic) | 33.8M | 29.3M | 14.6M | 14.2M | 12.3M | 12.0M | 11.8M | 11.8M |
| Shares Outstanding (Diluted) | 33.8M | 29.3M | 14.6M | 14.2M | 12.3M | 12.0M | 11.8M | 11.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |