profit from every $100 of sales.
$0$100
ESS Tech
$0.04-33.33% today
-99.0% in 1 year
1-year low $0.041-year high $4.44
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
It holds more cash than debt.
No debt5 years
Money in, money out
What ESS Tech sold, what it kept, and what it did with the cash.
Sales went from $894,000 in 2022 to $1.58 million in 2025, with -$63.4 million of profit last year.
SalesProfit
ESS Tech vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| ESS Tech | No profit yet | ||
 Contemporary Amperex Technology | 20.2× · Fair price | ||
 ABB | 32.0× · Expensive | ||
 Vertiv | 58.4× · Expensive | ||
 Delta Electronics (Thailand) Public | 95.5× · Very expensive |
AI analysis
An AI analyst reads ESS Tech's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 1 | 8 | 6 | 2 | |
| 1 | -13 | -45 | -28 | |
| -105 | -86 | -90 | -57 | |
| -104 | -79 | -85 | -52 | |
| -78 | -78 | -86 | -63 | |
| -7.65 | -7.27 | -7.32 | -4.34 | |
| 100.0% | -171.8% | -720.5% | -1,748.1% | |
| -11,800.0% | -1,139.3% | -1,426.5% | -3,626.5% | |
| -8,721.4% | -1,028.9% | -1,369.7% | -4,007.6% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 174 | 143 | 72 | 51 |
| Cash | 35 | 20 | 13 | 14 |
| Total debt | 6 | 3 | 2 | 12 |
| Total liabilities | 37 | 40 | 43 | 43 |
| 137 | 103 | 29 | 9 | |
| 10 | 11 | 12 | 15 | |
| -58.3% | -64.1% | -232.0% | -221.2% | |
| -56.9% | -75.1% | -298.5% | -736.1% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| -82 | -55 | -72 | -50 | |
| 14 | 6 | 7 | 3 | |
| -96 | -61 | -80 | -54 | |
| Dividends paid | – | – | – | – |
| 3 | 0 | 0 | 0 | |
| 12 | 11 | 12 | 5 |
Valuation
- –
- –
- –
- 2.4×
- 4.0×
- –
- –
- -850.4%
- -1,005.2%
- 0.0%
Profitability
- -1,748.1%
- -3,626.5%
- -4,007.6%
- -4,248.4%
- -187.3%
- -229.5%
- -926.8%
- -93.5%
- -200.8%
- 759.4%
Growth
- +21.0%
- –
- +32.5%
- –
- −35.3%
Financial health
- -0.1×
- 0.36
- 7.0%
- -16.0×
- 1.08
- 1.07
- 0.02
How it ranks in Industrials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 10%of 985
What analysts expect
- Average price target
- $3.79
- Range
- $1.25 – $9.00
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 7, 2026 | -0.54 | -0.29 | −86.2% |
| Mar 5, 2026 | -1.97 | -0.76 | −159.2% |
| Nov 13, 2025 | -0.73 | -0.76 | +3.9% |
| Aug 14, 2025 | -0.90 | -0.88 | −2.3% |
| May 15, 2025 | -1.50 | -1.21 | −24.5% |
| Mar 31, 2025 | -1.97 | -1.51 | −30.5% |
| Nov 13, 2024 | -1.90 | -1.26 | −50.8% |
| Aug 14, 2024 | -1.80 | -1.65 | −9.1% |
News
Nvidia approaches boss of Britain’s biggest tech firm to replace HuangYahoo Finance · Nov 13, 2026Sector Update: Tech Stocks Fall Late AfternoonYahoo Finance · Nov 13, 2026Jensen Huang was a ‘China salesman’ for Nvidia. His exit is weighing on Chinese tech stocks.MarketWatch · Nov 13, 2026Not Apple. Not Microsoft. This "Magnificent Seven" Stock Is My Top Tech Buy for 2027.Yahoo Finance · Nov 13, 2026Dan Ives Says 'Irreplaceable' Nvidia CEO Jensen Huang Is the 'Central Nervous System' of US Tech, Says Company Has No Succession Plan Amid China Spy AllegationsYahoo Finance · Nov 13, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
40No pass
Benjamin Graham
32No pass
Philip Fisher
45No pass
Peter Lynch
86Pass
Joel Greenblatt
0No pass
Charlie Munger
45No pass
Terry Smith
43No pass
Questions about ESS Tech
Is ESS Tech a good stock to buy?
A business with weak numbers that is not profitable yet. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the ESS Tech AI analysis
What does ESS Tech do?
ESS Tech, Inc., an energy storage company, designs and produces iron flow batteries for commercial and utility-scale energy storage applications worldwide. It is in Electrical Equipment & Parts.
Does ESS Tech pay a dividend?
No. ESS Tech does not pay a dividend at the moment; in 2025 it returned $50,000 to shareholders by buying back its own shares.
Is ESS Tech stock halal?
No. ESS Tech does not pass our halal screen: its debt is 188% of its market value, at or above the 33% limit. How we check
How has ESS Tech stock done over the past year?
Down 99.0% over the past twelve months, to $0.04. It traded between $0.04 and $4.44 and is 99.1% below its high.
Who are ESS Tech's competitors?
The largest listed companies in the same industry are Contemporary Amperex Technology, ABB, Vertiv and Delta Electronics (Thailand) Public. The peers table on this page compares their profit, growth and price with ESS Tech's.
Prices: daily closes to Nov 6, 2026. Fundamentals: company reports via invest-like data.