ESS Tech, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | $-63.4M | $-86.2M | $-77.6M | $-78.0M | $-477.1M | $-30.4M |
| Depreciation & Amortization | $5.7M | $4.7M | $6.5M | $1.5M | $572.0K | — |
| Depreciation | $5.4M | $4.5M | $6.4M | $1.5M | $572.0K | $436.0K |
| Amortization | $300.0K | $300.0K | $67.0K | — | — | — |
| Stock-Based Compensation | $5.4M | $11.6M | $10.6M | $11.9M | $7.9M | $310.0K |
| Net Cash from Operating Activities | $-50.3M | $-72.2M | $-54.9M | $-81.6M | $-51.8M | $-16.6M |
| Investing Activities | ||||||
| Capital Expenditures | $3.4M | $7.3M | $5.8M | $14.2M | $2.8M | $502.0K |
| Business Acquisitions | — | — | — | — | — | — |
| Net Cash from Investing Activities | $7.5M | $64.8M | $15.1M | $-117.9M | $-2.8M | $-502.0K |
| Financing Activities | ||||||
| Dividends Paid | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — |
| Net Cash from Financing Activities | $43.5M | $174.0K | $25.7M | $-4.1M | $288.5M | $4.7M |
| Net Change in Cash | $706.0K | $-7.3M | $-14.2M | $-203.6M | $233.8M | $-12.4M |
| Free Cash Flow | $-53.7M | $-79.5M | $-60.7M | $-95.8M | $-54.6M | $-17.1M |