​

ESS Tech (GWH) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChartTranscripts

ESS Tech Revenue Highlights

Latest Revenue (Y)

$6.29M

Latest Revenue (Q)

$348.00K

Main Segment (Y)

Product

Main Geography (Y)

UNITED STATES

ESS Tech Revenue by Period

ESS Tech Revenue by Year

DateRevenueChange
2024-12-31$6.29M-16.51%
2023-12-31$7.54M743.40%
2022-12-31$894.00K100.00%
2021-12-31-100.00%
2020-12-31-100.00%
2019-12-31--

ESS Tech generated $6.29M in revenue during NA 2024, up -16.51% compared to the previous quarter, and up Infinity% compared to the same period a year ago.

ESS Tech Revenue by Quarter

DateRevenueChange
2024-06-30$348.00K-87.29%
2024-03-31$2.74M-2.07%
2023-12-31$2.80M80.97%
2023-09-30$1.54M-45.35%
2023-06-30$2.83M659.95%
2023-03-31$372.00K2225.00%
2022-12-31$16.00K-91.67%
2022-09-30$192.00K-72.01%
2022-06-30$686.00K100.00%
2022-03-31-100.00%
2021-12-31-100.00%
2021-09-30-100.00%
2021-06-30-100.00%
2021-03-31-100.00%
2020-12-31-100.00%
2020-09-30-100.00%
2020-06-30-100.00%
2020-03-31--

ESS Tech generated $348.00K in revenue during Q2 2024, up -87.29% compared to the previous quarter, and up 93.55% compared to the same period a year ago.

ESS Tech Revenue Breakdown

ESS Tech Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 23Dec 22
Other Product Or Service$1.37M$2.25M-
Product$4.79M$5.10M$803.00K
Service$132.00K$183.00K$91.00K

ESS Tech's latest annual revenue breakdown by segment (product or service), as of Dec 24: Product (76.17%), Other Product Or Service (21.73%), and Service (2.10%).

Quarterly Revenue by Product

Product/ServiceDec 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22
Other Product Or Service$1.28M$88.00K-------
Product$2.16M$2.63M$594.00K$1.32M$2.82M$366.00K$11.00K$186.00K$606.00K
Service$114.00K$18.00K-$224.00K$5.00K$6.00K$5.00K$6.00K$80.00K

ESS Tech's latest quarterly revenue breakdown by segment (product or service), as of Dec 24: Product (60.81%), Other Product Or Service (35.99%), and Service (3.20%).

ESS Tech Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 24
Non-US$2.85M
UNITED STATES$3.44M

ESS Tech's latest annual revenue breakdown by geography, as of Dec 24: UNITED STATES (54.69%), and Non-US (45.31%).

ESS Tech Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
FLNCFluence Energy$2.70B$186.79M
SLDPSolid Power$20.14M$15.68M
LICYLi-Cycle$18.30M$6.40M
EOSEEos Energy Enterprises$15.61M$854.00K
GWHESS Tech$6.29M$348.00K
FREYFREYR Battery--

GWH Revenue FAQ

What is ESS Tech’s yearly revenue?

ESS Tech's yearly revenue for 2024 was $6.3M, representing a decrease of -16.51% compared to 2023. The company's yearly revenue for 2023 was $7.54M, representing an increase of 743.40% compared to 2022. GWH's yearly revenue for 2022 was $894K, representing an increase of 100.00% compared to 2021.

What is ESS Tech’s quarterly revenue?

ESS Tech's quarterly revenue for Q2 2024 was $348K, a -87.29% decrease from the previous quarter (Q1 2024), and a -87.69% decrease year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $2.74M, a -2.07% decrease from the previous quarter (Q4 2023), and a 636.02% increase year-over-year (Q1 2023). GWH's quarterly revenue for Q4 2023 was $2.8M, a 80.97% increase from the previous quarter (Q3 2023), and a 17375.00% increase year-over-year (Q4 2022).

What is ESS Tech’s revenue growth rate?

ESS Tech's revenue growth rate for the last 3 years (2022-2024) was 604.14%, and for the last 5 years (2020-2024) was 0%.

What are ESS Tech’s revenue streams?

ESS Tech's revenue streams in c 24 are Other Product Or Service, Product, and Service. Other Product Or Service generated $1.37M in revenue, accounting 21.73% of the company's total revenue, down -39.31% year-over-year. Product generated $4.8M in revenue, accounting 76.17% of the company's total revenue, down -6.04% year-over-year. Service generated $132K in revenue, accounting 2.10% of the company's total revenue, down -27.87% year-over-year.

What is ESS Tech’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of ESS Tech was Product. This segment made a revenue of $4.8M, representing 76.17% of the company's total revenue.