GWH - NYSE

ESS Tech, Inc.

ESS Tech, Inc.

GWH·NYSE

$4.25

-0.93%
IndustrialsElectrical Equipment & Parts

ESS Tech, Inc., an energy storage company, designs and produces iron flow batteries for commercial and utility-scale energy storage applications worldwide. It offers energy storage products, which include Energy Warehouse, a behind-the-meter solution; and Energy Center, a front-of-the-meter solution. The company was founded in 2011 and is headquartered in Wilsonville, Oregon.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$60.49M
EPS-7.3200
P/E Ratio-12.04
Earnings Date11/13/2025
-72.22M
Operating Cash Flow
32%
3Y+39.0%
5Y+982.0%
10Y+982.0%
64.76M
Investing Cash Flow
330%
3Y-2440.0%
5Y-7710.0%
10Y-7710.0%
174.00K
Financing Cash Flow
-99%
3Y-100.0%
5Y-99.0%
10Y-99.0%
GWH

ESS Tech, Inc. Cash Conversion Engine

GWH · NYSE
Net Income-86.22M
Depreciation & Amortization4.72M
Stock-Based Compensation11.57M
Change in Working Capital-6.47M
Others4.18M
Capital Expenditures-7.29M
Free Cash Flow-79.51M

Cash Flow Quality Analysis

FCF Conversion Rate

92.2%

Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.

CapEx Intensity

-10.1%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-31.0%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$6.47M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

ESS Tech, Inc. Cash Flow Statement

GWH • NYSE

ESS Tech, Inc. Cash Flow StatementDec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
OPERATING ACTIVITIES
Net Income
-86.2M
-77.6M
-78M
-477.1M
-30.4M
-11.5M
Depreciation & Amortization
4.7M
6.5M
1.5M
572K
436K
260K
Change in Deferred Taxes
0.0
0.0
0.0
259.8M
12.9M
0.0
Stock-Based Compensation
11.6M
10.6M
11.9M
7.9M
310K
175K
Other Non-Cash Items
4.2M
7.2M
-25.5M
154.9M
91K
2.1M
Change in Working Capital
-6.5M
-1.6M
8.5M
2.1M
47K
2.4M
Cash from Operating Activities
-72.2M
-54.9M
-81.6M
-51.8M
-16.6M
-6.7M
INVESTING ACTIVITIES
Investments in Property, Plant, and Equipment
-7.3M
-5.8M
-14.2M
-2.8M
-502K
-851K
Purchase of Investments
(0.0)
(0.0)
-103.7M
(0.0)
(0.0)
(0.0)
Other Investing Items
72.1M
20.9M
-103.7M
-2.8M
0.0
0.0
Cash from Investing Activities
(64.8M)
(15.1M)
-117.9M
-2.8M
-502K
-851K
FINANCING ACTIVITIES
Net Issuance of Common Stock
-297K
26.8M
-2.8M
0.0
0.0
0.0
Net Issuance of Debt
0.0
-1.7M
-1.9M
-1.1M
4.7M
2.5M
Share Repurchases
-297K
-310K
-2.8M
(0.0)
(0.0)
(0.0)
Other Financing Items
471K
564K
635K
262.5M
7K
19.8M
Cash from Financing Activities
174K
25.7M
-4.1M
288.5M
4.7M
22.3M
CASH FLOW SUMMARY
Effect of Foreign Exchange Rates
0.0
0.0
0.0
0.0
0.0
4.1M
Net Change in Cash
-7.3M
-14.2M
-203.6M
233.8M
-12.4M
18.8M
Cash at Beginning of Period
22.5M
36.7M
240.2M
6.4M
18.8M
0.0
Cash at End of Period
15.2M
22.5M
36.7M
240.2M
6.4M
18.8M
Free Cash Flow
-79.5M
-60.7M
-95.8M
-54.6M
-17.1M
-7.5M

SEC Filings

GWH - Filing history and reports

No SEC filings available for GWH

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