📊 GWH-WT Key Takeaways
Is ESS Tech, Inc. (GWH-WT) a Good Investment?
ESS Tech exhibits severe financial distress with collapsing revenues (-75% YoY), deeply negative unit economics (negative gross margin), and catastrophic cash burn (-$53.7M FCF annually) that exhausts the $14.5M cash position in ~3 months. The company's fundamental business model appears broken with operating losses exceeding revenue by 35x, indicating unsustainable operations.
Fundamentals are severely impaired: revenue collapsed 74.9% YoY while gross margin is deeply negative, indicating broken unit economics. Cash burn is massive relative to a thin cash balance and equity base, with liquidity barely above parity, implying a near-term need for external capital. Without a rapid and sustained turnaround in margins and revenue, going‑concern risk dominates.
ESS Tech, Inc. Key Strengths (GWH-WT)
- No long-term debt obligations reduce financial rigidity
- Positive stockholders equity ($8.6M) provides some buffer
- Operates in potentially high-growth energy storage sector
- Zero long-term debt reduces leverage risk
- Some cash on hand ($14.48M) for near‑term needs
- Low capex ($3.39M) allows focus on fixing unit economics
GWH-WT Stock Risks: ESS Tech, Inc. Investment Risks
- Negative gross margins (-1748%) indicate broken unit economics and value destruction at core business level
- Extreme cash burn rate ($50.3M operating, $53.7M free cash flow) with only ~3-4 months runway at current rates
- Revenue collapse of 75% YoY combined with operating losses 35x revenue suggests inability to scale profitably
- Tight current ratio (1.04x) and quick ratio (1.03x) indicate imminent liquidity crisis risk
- ROE and ROA deeply negative (-736% and -124%) demonstrating severe value destruction
- Operating cash flow negative despite minimal capex suggests non-discretionary cash burn
- Severely negative gross margin (-1748.1%) signals unviable unit economics
- Liquidity runway risk: current ratio 1.04x and OCF -$50.28M vs cash $14.48M
- Revenue down 74.9% YoY indicates demand/execution challenges and reliance on external financing
Key Metrics to Watch
- Monthly cash burn rate and cash position timeline to depletion
- Path to next financing round or strategic alternatives announcement
- Gross margin stabilization or improvement toward breakeven
- Revenue stabilization and return to growth trajectory
- Capital expenditure changes suggesting operational adjustments
- Gross margin (%)
- Operating cash flow
ESS Tech, Inc. (GWH-WT) Financial Metrics & Key Ratios
💡 AI Analyst Insight
ESS Tech, Inc. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
GWH-WT Profit Margin, ROE & Profitability Analysis
GWH-WT vs Utilities Sector: How ESS Tech, Inc. Compares
How ESS Tech, Inc. compares to Utilities sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is ESS Tech, Inc. Stock Overvalued? GWH-WT Valuation Analysis 2026
Based on fundamental analysis, ESS Tech, Inc. has mixed fundamental signals relative to the Utilities sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
ESS Tech, Inc. Balance Sheet: GWH-WT Debt, Cash & Liquidity
GWH-WT Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: ESS Tech, Inc.'s revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $-7.32 indicates the company is currently unprofitable.
GWH-WT Revenue Growth, EPS Growth & YoY Performance
GWH-WT Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $128.0K | -$15.9M | $-0.54 |
| Q3 2025 | $214.0K | -$10.4M | $-0.73 |
| Q2 2025 | $348.0K | -$11.1M | $-0.90 |
| Q1 2025 | $599.0K | -$18.0M | $-1.50 |
| Q3 2024 | $359.0K | -$16.6M | $-1.59 |
| Q2 2024 | $348.0K | -$18.3M | $-0.12 |
| Q1 2024 | $372.0K | -$18.3M | $-0.10 |
| Q3 2023 | $192.0K | -$5.7M | $-0.11 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
ESS Tech, Inc. Dividends, Buybacks & Capital Allocation
GWH-WT SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for ESS Tech, Inc. (CIK: 0001819438)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| Jun 8, 2026 | 4 | xslF345X06/form4-06082026_090642.xml | View → |
| Jun 2, 2026 | 4 | xslF345X06/form4-06022026_100635.xml | View → |
| Jun 2, 2026 | 4 | xslF345X06/form4-06022026_100627.xml | View → |
| Jun 2, 2026 | 4 | xslF345X06/form4-06022026_100637.xml | View → |
| Jun 2, 2026 | 4 | xslF345X06/form4-06022026_100649.xml | View → |
❓ Frequently Asked Questions about GWH-WT
What is the AI rating for GWH-WT?
ESS Tech, Inc. (GWH-WT) has a Combined AI Grade of D from Claude (D) and ChatGPT (D) with 93% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are GWH-WT's key strengths?
Claude: No long-term debt obligations reduce financial rigidity. Positive stockholders equity ($8.6M) provides some buffer. ChatGPT: Zero long-term debt reduces leverage risk. Some cash on hand ($14.48M) for near‑term needs.
What are the risks of investing in GWH-WT?
Claude: Negative gross margins (-1748%) indicate broken unit economics and value destruction at core business level. Extreme cash burn rate ($50.3M operating, $53.7M free cash flow) with only ~3-4 months runway at current rates. ChatGPT: Severely negative gross margin (-1748.1%) signals unviable unit economics. Liquidity runway risk: current ratio 1.04x and OCF -$50.28M vs cash $14.48M.
What is GWH-WT's revenue and growth?
ESS Tech, Inc. reported revenue of $1.6M.
Does GWH-WT pay dividends?
ESS Tech, Inc. does not currently pay dividends.
Where can I find GWH-WT SEC filings?
Official SEC filings for ESS Tech, Inc. (CIK: 0001819438) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is GWH-WT's EPS?
ESS Tech, Inc. has a diluted EPS of $-4.34.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is GWH-WT's fundamental grade?
Based on our AI fundamental analysis in June 2026, ESS Tech, Inc. has a D grade with 93% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is GWH-WT stock overvalued or undervalued?
Valuation metrics for GWH-WT: ROE of -736.1% (sector avg: 10%), net margin of -4,007.6% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
What is GWH-WT's AI grade for 2026?
Our dual AI analysis gives ESS Tech, Inc. a combined D grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is GWH-WT's free cash flow?
ESS Tech, Inc.'s operating cash flow is $-50.3M, with capital expenditures of $3.4M. FCF margin is -3,390.5%.
How does GWH-WT compare to other Utilities stocks?
Vs Utilities sector averages: Net margin -4,007.6% (avg: 12%), ROE -736.1% (avg: 10%), current ratio 1.04 (avg: 0.8).