ESS Tech, Inc.

GWH

GWHESS Tech, Inc. US flag

New York Stock Exchange

0.78

USD

+0.04

- -

9.80MMarket Cap

Income Statement (USD)

API ChatGPT

	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Sales/Revenue/Turnover	- -	- -	1	8	6	2
+ Sales & Services Revenue	- -	- -	1	8	6	2
- Cost of Revenue	- -	- -	- -	20	52	29
+ Cost of Goods & Services	- -	- -	- -	20	52	29
Gross Profit	- -	- -	1	-13	-45	-28
+ Other Operating Income	- -	- -	- -	- -	- -	- -
- Operating Expenses	17	61	106	73	44	30
+ Selling, General & Admin	4	30	34	30	33	21
+ Research & Development	13	30	72	43	12	8
+ Other Operating Expense	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	-17	-61	-105	-86	-90	-57
- Non-Operating (Income) Loss	13	417	-28	-8	-4	6
+ Interest Expense, Net	- -	2	-2	-5	-4	- -
+ Interest Expense	- -	2	- -	- -	- -	- -
- Interest Income	- -	- -	2	5	4	- -
+ Other Non-Op (Income) Loss	13	415	-25	-3	- -	6
Pretax Income	-30	-477	-78	-78	-86	-63
- Income Tax Expense (Benefit)	- -	- -	- -	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-30	-477	-78	-78	-86	-63
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-30	-477	-78	-78	-86	-63
- Minority Interest	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-30	-477	-78	-78	-86	-63
- Preferred Dividends	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-30	-477	-78	-78	-86	-63
EBIT	-17	-61	-105	-86	-90	-57
EBITDA	-17	-60	-104	-79	-85	-52
EBITDA Margin (%)	- -	- -	-11,629.64	-1,052.94	-1,351.45	-3,263.87
EBITA	-17	-61	-105	-86	-90	-57
Gross Margin (%)	- -	- -	100	-171.82	-720.54	-1,748.07
Operating Margin (%)	- -	- -	-11,800	-1,139.32	-1,426.5	-3,626.47
Profit Margin (%)	- -	- -	-8,721.36	-1,028.89	-1,369.69	-4,007.58
Sales per Employee	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -
Depreciation Expense	- -	1	2	7	5	6
Basic Weighted Avg Shares	9	6	10	11	12	15
Basic EPS, GAAP	-3.38	-85.96	-7.66	-7.27	-7.32	-4.34
Basic EPS from Cont Ops	-3.38	-85.96	-7.66	-7.27	-7.32	-4.34
Diluted Weighted Avg Shares	9	6	10	11	12	15
Diluted EPS, GAAP	-3.38	-85.96	-7.66	-7.27	-7.32	-4.34
Diluted EPS from Cont Ops	-3.38	-85.96	-7.66	-7.27	-7.32	-4.34

Balance Sheet (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Current Assets	7	246	152	118	43	26
+ Cash, Cash Equivalents & STI	5	239	140	108	32	22
+ Cash & Cash Equivalents	5	239	35	20	13	14
+ ST Investments	- -	- -	105	88	18	8
+ Accounts & Notes Receiv	- -	1	5	3	2	1
+ Accounts Receivable, Net	- -	- -	5	2	- -	- -
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	1	2	1
+ Inventories	- -	- -	- -	3	6	- -
+ Raw Materials	- -	- -	- -	8	12	5
+ Work In Process	- -	- -	- -	1	5	2
+ Finished Goods	- -	- -	- -	6	6	- -
+ Inventory Adjustments	- -	- -	- -	-11	-17	-7
+ Other Inventory	- -	- -	- -	- -	- -	- -
+ Other ST Assets	2	6	7	4	4	3
+ Misc ST Assets	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	2	5	22	25	28	25
+ Property, Plant & Equip, Net	2	5	21	18	22	21
+ Property, Plant & Equip	3	6	24	28	36	40
- Accumulated Depreciation	1	2	3	9	14	19
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	- -	1	7	6	4
+ Total Intangible Assets	- -	- -	- -	5	5	3
+ Goodwill	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	5	5	3
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	- -	1	2	2	1
Total Assets	9	250	174	143	72	51
+ Payables & Accruals	2	7	17	15	20	13
+ Accounts Payable	1	2	3	3	8	3
+ Accrued Taxes	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	1	6	14	12	12	10
+ ST Debt	6	2	3	2	2	10
+ ST Borrowings	6	2	2	- -	- -	- -
+ ST Finance Leases	- -	- -	1	2	2	10
+ Other ST Liabilities	1	4	8	3	6	2
+ Deferred Revenue	- -	4	6	3	5	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	1	1	1	1	1	2
Total Current Liabilities	8	14	28	20	28	25
+ LT Debt	- -	2	3	1	- -	2
+ LT Borrowings	- -	2	- -	- -	- -	- -
+ LT Finance Leases	- -	- -	3	1	- -	2
+ Other LT Liabilities	28	30	6	19	15	15
+ Accrued Liabilities	- -	- -	2	18	14	5
+ Pension Liabilities	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	28	30	3	1	1	10
Total Noncurrent Liabilities	29	31	9	20	15	17
Total Liabilities	37	45	37	40	43	43
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	35	746	756	800	811	854
+ Common Stock	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	35	746	756	800	811	854
- Treasury Stock	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-63	-541	-619	-696	-782	-846
+ Other Equity	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	-28	205	137	103	29	9
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -
Total Equity	-28	205	137	103	29	9
Total Liabilities & Equity	9	250	174	143	72	51
Shares Outstanding	9	10	10	12	12	22
Number of Employees	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	4	3	2	12
Net Debt	1	-235	-33	-20	-13	-14
Net Debt to Equity	-2.85	-114.63	-23.98	-19.51	-46.19	-167.99
Tangible Common Equity Ratio	-309.08	82	78.92	71.17	36.08	12.24
Current Ratio	0.82	18.02	5.42	5.97	1.57	1.04
Cash Conversion Cycle	- -	- -	- -	153.71	59.12	-22.88

Cash Flow Statement (USD)

API ChatGPT

	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

+ Net Income	-30	-477	-78	-78	-86	-63
+ Depreciation & Amortization	- -	1	2	7	5	6
+ Non-Cash Items	13	423	-14	18	11	14
+ Stock-Based Compensation	- -	8	12	11	12	5
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	12	5	- -
+ Other Non-Cash Adj	13	415	-26	-5	-6	8
+ Chg in Non-Cash Work Cap	- -	2	8	-2	-2	-6
+ (Inc) Dec in Accts Receiv	- -	- -	-2	4	2	- -
+ (Inc) Dec in Inventories	- -	- -	- -	-15	-3	5
+ (Inc) Dec in Prepaid Assets	- -	-5	- -	2	-2	2
+ Inc (Dec) in Accts Payable	- -	3	10	-3	4	-9
+ Inc (Dec) in Other	- -	4	1	10	-2	-4
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-17	-52	-82	-55	-72	-50
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-1	-3	-14	-6	-7	-3
+ Acq of Fixed Prod Assets	-1	-3	-14	-6	-7	-3
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	-3	27	- -	38
+ Increase in Capital Stock	- -	- -	- -	27	- -	38
+ Decrease in Capital Stock	- -	- -	-3	- -	- -	- -
+ Net Change in LT Investment	- -	- -	-104	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	-104	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	21	72	11
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-1	-3	-118	15	65	8
+ Dividends Paid	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	5	-1	-2	-2	- -	- -
+ Cash From Debt	5	20	- -	- -	- -	- -
+ Repayments of Debt	- -	-21	-2	-2	- -	- -
+ Other Financing Activities	- -	290	1	1	- -	6
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	5	288	-4	26	- -	43
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-12	234	-204	-14	-7	1
EBITDA	-17	-60	-104	-79	-85	-52
EBITDA Margin (%)	- -	- -	-11,629.64	-1,052.94	-1,351.45	-3,263.87
Free Cash Flow	-17	-55	-96	-61	-80	-54
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -
Free Cash Flow to Equity	- -	-56	-98	-62	-80	-54
Free Cash Flow per Basic Share	-1.9	-9.84	-9.41	-5.69	-6.75	-3.68
Price/Free Cash Flow	-84.33	-19.41	-5.5	-3.71	-1.07	-0.59
Cash Flow to Net Income	0.55	0.11	1.05	0.71	0.84	0.79
Capital Expenditures	-1	-3	-14	-6	-7	-3