ESS Tech annual net debt
2020
2021
2022
2023
2024
2025
ESS Tech Net Debt Growth & History (GWH)
ESS Tech's net debt was $6.7M for fiscal 2025.
View full ESS Tech company overviewESS Tech annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $6.7M | $18.4M | — |
| 2024 | 2024-12-31 | −$11.6M | $6.0M | — |
| 2023 | 2023-12-31 | −$17.6M | $11.2M | — |
| 2022 | 2022-12-31 | −$28.8M | $206.4M | — |
| 2021 | 2021-12-31 | −$235.2M | −$236.0M | — |
| 2020 | 2020-12-31 | $796,000 | — | — |
ESS Tech quarterly net debt
Q4.20
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $6.6M | $6.5M | +8713.33% |
| Q1 2026 | 2026-03-31 | $6.0M | $13.1M | — |
| Q4 2025 | 2025-12-31 | $6.7M | $18.4M | — |
| Q3 2025 | 2025-09-30 | $7.4M | $18.2M | — |
| Q2 2025 | 2025-06-30 | $75,000 | $34.4M | — |
| Q1 2025 | 2025-03-31 | −$7.1M | $27.0M | — |
| Q4 2024 | 2024-12-31 | −$11.6M | $6.0M | — |
| Q3 2024 | 2024-09-30 | −$10.7M | $23.5M | — |
| Q2 2024 | 2024-06-30 | −$34.3M | −$8.4M | — |
| Q1 2024 | 2024-03-31 | −$34.2M | $48.5M | — |
| Q4 2023 | 2023-12-31 | −$17.6M | $11.2M | — |
| Q3 2023 | 2023-09-30 | −$34.3M | $1.9M | — |
| Q2 2023 | 2023-06-30 | −$25.9M | $79.3M | — |
| Q1 2023 | 2023-03-31 | −$82.7M | $121.3M | — |
| Q4 2022 | 2022-12-31 | −$28.8M | $206.4M | — |
| Q3 2022 | 2022-09-30 | −$36.2M | — | — |
| Q2 2022 | 2022-06-30 | −$105.2M | — | — |
| Q1 2022 | 2022-03-31 | −$204.0M | — | — |
| Q4 2021 | 2021-12-31 | −$235.2M | −$236.0M | — |
| Q4 2020 | 2020-12-31 | $796,000 | — | — |
ESS Tech net debt trends
Over the last five fiscal years, ESS Tech's net debt increased from $796,000 to $6.7M, a change of $5.9M. The latest reported quarter, Q2 2026, shows $6.6M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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