ESS Tech, Inc. (GWH) Earnings History
Annual and quarterly earnings data from 2019 to 2025
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GWH EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
GWH Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | -2110.7% | -3518.6% | -4007.6% |
| 2024 | -720.5% | -1426.5% | -1369.7% |
| 2023 | -171.8% | -1139.3% | -1028.9% |
| 2022 | 100.0% | -11800.0% | -8721.4% |
| 2021 | - | - | - |
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ESS Tech, Inc. (GWH) Earnings Overview
As of May 8, 2026, ESS Tech, Inc. (GWH) reported trailing twelve-month net income of -$45M, reflecting +40.7% year-over-year growth. The company earned $-1.55 per diluted share over the past four quarters, with a net profit margin of -4007.6%.
Looking at the long-term picture, GWH's historical earnings data spans multiple years. The company achieved its highest annual net income of -$12M in fiscal 2019.
ESS Tech, Inc. is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to peers including FLUX (-$6M net income, -10.0% margin), NRGV (-$115M net income, -50.9% margin), STEM ($144M net income, 88.2% margin), GWH has room to improve margins relative to the peer group. Compare GWH vs FLUX →
GWH Earnings vs Peers
Earnings metrics vs comparable public companies
GWH Historical Earnings Data (2019–2025)
7 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | -$63M | +26.4% | -$56M | $-4.34 | -4007.6% | -3518.6% |
| 2024 | -$86M | -11.1% | -$90M | $-7.32 | -1369.7% | -1426.5% |
| 2023 | -$78M | +0.5% | -$86M | $-0.48 | -1028.9% | -1139.3% |
| 2022 | -$78M | +83.7% | -$105M | $-7.66 | -8721.4% | -11800.0% |
| 2021 | -$477M | -1468.5% | -$61M | $-58.53 | - | - |
| 2020 | -$30M | -163.5% | -$17M | $-7.77 | - | - |
| 2019 | -$12M | - | -$10M | $-1.64 | - | - |
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Start ComparisonGWH — Frequently Asked Questions
Quick answers to the most common questions about buying GWH stock.
Is GWH growing earnings?
GWH EPS is $-1.55, with earnings growth accelerating to +40.7%. This exceeds the 5-year CAGR of N/A. TTM net income reached $-45M.
What are GWH's profit margins?
ESS Tech, Inc. net margin is -4007.6%, with operating margin at -3518.6%. Below-average margins reflect competitive or cost pressures.
How consistent are GWH's earnings?
GWH earnings data spans 2019-2025. The accelerating earnings trend is +40.7% YoY. Historical data enables comparison across business cycles.