ESS Tech, Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Revenue | — | $1.6M | $6.3M | $7.5M | $894.0K | $0 | $0 |
| Cost of Revenue | — | $29.3M | $51.7M | $20.5M | $0 | — | — |
| Gross Profit | — | $-27.7M | $-45.4M | $-13.0M | $894.0K | — | — |
| Gross Margin | — | -1,748.1% | -720.5% | -171.8% | 100.0% | — | — |
| Operating Expenses | |||||||
| Research & Development | — | $8.3M | $11.8M | $42.6M | $72.0M | $30.3M | $12.9M |
| SG&A Expense | — | $17.6M | $23.5M | $22.6M | $27.5M | $27.3M | $3.3M |
| Operating Income | — | $-57.4M | $-89.8M | $-85.9M | $-105.5M | $-60.6M | $-17.4M |
| Operating Margin | — | -3,626.5% | -1,426.5% | -1,139.3% | -11,800.0% | — | — |
| Interest Expense | — | — | — | — | — | $1.9M | $132.0K |
| Pretax Income | — | — | — | — | — | — | — |
| Income Tax Expense | — | $0 | — | — | — | — | — |
| Net Income | — | $-63.4M | $-86.2M | $-77.6M | $-78.0M | $-477.1M | $-30.4M |
| Net Margin | — | -4,007.6% | -1,369.7% | -1,028.9% | -8,721.4% | — | — |
| EPS (Basic) | — | $-4.34 | $-7.32 | $-7.27 | $-0.51 | $-5.73 | $-0.52 |
| EPS (Diluted) | — | $-4.34 | $-7.32 | $-7.27 | $-0.51 | $-5.73 | $-0.52 |
| Shares Outstanding (Basic) | 27.2M | 14.6M | 11.8M | 10.7M | 152.7M | 83.3M | 58.9M |
| Shares Outstanding (Diluted) | 27.2M | 14.6M | 11.8M | 10.7M | 152.7M | 83.3M | 58.9M |
| Dividends Per Share | — | — | — | — | — | — | — |