NYSE$GWH

Ess Tech Inc · Q1 2026 earnings

Q1 2026 earnings · · Investor relations

Briefing

ESS Tech reported Q1 2026 total revenue of $128K and a net loss of $15.9M, with diluted EPS of $(0.54).

Q1 2026 total revenue was $0.13 million versus $0.60 million as iron-flow battery deployments remained early-stage. Net loss was $15.9 million (diluted EPS $(0.54)) versus $18.0 million; R&D and manufacturing scale-up costs continued ahead of commercial volume.

  • Total revenue $0.13M (pre-commercial scale).
  • Net loss $(15.9)M; diluted EPS $(0.54).
  • Long-duration storage pilot projects in progress.
  • Cash runway and project financing critical.

Headline financials

Total Revenue

$128K

Previous: $599K-78.6%
EPS (adj)

-$0.54

Previous: -$1.50+64.0%
Capital Expenditures

-$930K

Previous: -$762K-22.0%
Net Income

-$15.9M

Previous: -$18M+11.7%
Operating Income

-$13.8M

Previous: -$18.1M+24.1%
Gross Profit

-$7.04M

Previous: -$8.15M+13.6%

Revenue & EPS history

ESS Tech · Revenue · Quarterly

$128K

Q1 2026-78.6%vs Q1 2025
Beat estimate in 1 of 14 quarters(7%)
ActualEstimate

Revenue by segment

ESS Tech · $1 total across 1 segment · Q1 2023

  • Revenue - Related Parties
    $1

Forward guidance

Energy storage company discusses project pipeline, manufacturing yield, and capital raises.

Tailwinds

  • Loss narrowed slightly year over year.
  • Strategic utility and microgrid partnerships.

Headwinds

  • Minimal revenue; pre-commercial stage.
  • Capital intensity of battery manufacturing scale-up.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

-4.1%

Avg return

Earnings day

-9.7%

Avg return

5 days after

-16.4%

Avg return

30 days after

19%

4 / 21 earnings

Positive

+31.3%

Q1 2022

Best reaction

-34.5%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.6%-33.1%-21.8%
Q4 2025-4.4%-3.7%-11.0%
Q3 2025-34.5%-40.7%-50.8%
Q1 2025-15.2%-28.1%-58.6%
Q4 2024-12.6%-27.0%-27.6%
Q3 2024-19.5%-46.0%-44.1%
Q2 2024-12.9%-16.5%-45.8%
Q1 2024-10.9%-16.0%-18.5%
Q4 2023-5.8%-19.5%-17.8%
Q3 2023-7.2%-11.2%-6.4%
Q2 2023-4.1%-20.9%-11.0%
Q1 2023+13.8%+0.0%+22.9%
Q4 2022-8.2%-13.7%-23.6%
Q3 2022-4.9%-9.3%-13.1%
Q2 2022+13.5%+18.3%-6.9%
Q1 2022+31.3%+46.4%-14.1%
Q4 2021+12.1%+25.6%+43.2%
Q2 2021-12.5%-8.9%-27.6%
Q3 2021-1.1%-0.3%-13.1%
Q1 2021+0.0%+0.5%+0.7%
Q4 2020-0.9%-0.4%-0.1%
Q3 2020
Q2 2020
Q1 2020

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