ESS Tech annual operating expenses
2020
2021
2022
2023
2024
2025
ESS Tech Operating Expenses Growth & History (GWH)
ESS Tech's operating expenses was $29.7M for fiscal 2025.
View full ESS Tech company overviewESS Tech annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $29.7M | −$14.7M | −33.09% |
| 2024 | 2024-12-31 | $44.4M | −$28.5M | −39.08% |
| 2023 | 2023-12-31 | $73.0M | −$33.4M | −31.43% |
| 2022 | 2022-12-31 | $106.4M | $45.8M | +75.55% |
| 2021 | 2021-12-31 | $60.6M | $43.2M | +248.45% |
| 2020 | 2020-12-31 | $17.4M | — | — |
ESS Tech quarterly operating expenses
Q1.21
Q2.21
Q3.21
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 | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $7.7M | $1.3M | +19.47% |
| Q1 2026 | 2026-03-31 | $6.7M | −$3.3M | −32.57% |
| Q4 2025 | 2025-12-31 | $8.2M | −$2.1M | −20.52% |
| Q3 2025 | 2025-09-30 | $5.1M | −$6.2M | −54.99% |
| Q2 2025 | 2025-06-30 | $6.5M | −$5.3M | −44.94% |
| Q1 2025 | 2025-03-31 | $10.0M | −$1.1M | −9.97% |
| Q4 2024 | 2024-12-31 | $10.3M | −$1.2M | −10.74% |
| Q3 2024 | 2024-09-30 | $11.3M | $1.8M | +19.00% |
| Q2 2024 | 2024-06-30 | $11.7M | −$15.3M | −56.63% |
| Q1 2024 | 2024-03-31 | $11.1M | −$13.8M | −55.35% |
| Q4 2023 | 2023-12-31 | $11.5M | −$19.9M | −63.23% |
| Q3 2023 | 2023-09-30 | $9.5M | −$18.4M | −65.99% |
| Q2 2023 | 2023-06-30 | $27.0M | $2.2M | +8.74% |
| Q1 2023 | 2023-03-31 | $24.9M | $2.7M | +12.09% |
| Q4 2022 | 2022-12-31 | $31.4M | $285,000 | +0.92% |
| Q3 2022 | 2022-09-30 | $27.9M | $16.9M | +153.02% |
| Q2 2022 | 2022-06-30 | $24.9M | $14.7M | +144.85% |
| Q1 2022 | 2022-03-31 | $22.2M | $13.9M | +167.84% |
| Q4 2021 | 2021-12-31 | $31.1M | — | — |
| Q3 2021 | 2021-09-30 | $11.0M | — | — |
| Q2 2021 | 2021-06-30 | $10.2M | — | — |
| Q1 2021 | 2021-03-31 | $8.3M | — | — |
ESS Tech operating expenses trends
Over the last five fiscal years, ESS Tech's operating expenses increased from $17.4M to $29.7M, a change of $12.3M. The latest reported quarter, Q2 2026, shows $7.7M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review ESS Tech source filings ↗