ESS Tech, Inc. GWH
NYSE · XNYS · stock · Miscellaneous Electrical Machinery, Equipment & Supplies
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1/9
Piotroski F — financial health
—
Altman Z″ — distress risk
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Dividend payout · no dividend
Financials & ratios (annual, from 10-K)
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Financials | |||||
| Revenue | $1.6M | $6.3M | $7.5M | $894,000 | $0 |
| Gross profit | -$27.7M | -$45.4M | -$13.0M | $894,000 | — |
| Operating income | -$57.4M | -$89.8M | -$85.9M | -$105.5M | -$60.6M |
| Net income | -$63.4M | -$86.2M | -$77.6M | -$78.0M | -$477.1M |
| Operating cash flow | -$50.3M | -$72.2M | -$54.9M | -$81.6M | -$51.8M |
| Free cash flow | -$53.7M | -$79.5M | -$60.7M | -$95.8M | -$54.6M |
| Total assets | $51.2M | $71.8M | $143.2M | $173.6M | $250.2M |
| Total liabilities | $42.6M | $42.9M | $39.9M | $36.6M | $45.0M |
| Shareholders' equity | $8.6M | $28.9M | $103.4M | $137.0M | $205.2M |
| Ratios | |||||
| Gross margin | -1748.1% | -720.5% | -171.8% | 100.0% | — |
| Operating margin | -3626.5% | -1426.5% | -1139.3% | -11800.0% | — |
| Net margin | -4007.6% | -1369.7% | -1028.9% | -8721.4% | — |
| FCF margin | -3390.5% | -1263.1% | -804.9% | -10715.9% | — |
| Return on assets | -124.0% | -120.1% | -54.2% | -44.9% | -190.7% |
| Return on equity | -736.1% | -298.5% | -75.1% | -56.9% | -232.6% |
| Debt / equity | — | — | 0.00× | 0.01× | 0.02× |
| Current ratio | 1.04 | 1.57 | 5.97 | 5.42 | 18.02 |
| Revenue growth | -74.9% | -16.5% | 743.4% | — | — |
Why these scores methodology →
Piotroski F-score: 1/9
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″: n/a
Not applicable (financials/insurer or missing inputs).
Sector peers
VFS · TM · HMC · SONY · AAPL · XOM · all Manufacturing →
Source: SEC EDGAR filings · CIK 0001819438 · as of 2025-12-31. Figures are facts from filings plus Stocktoria's own computed scores — not investment advice.