ESS Tech annual r&d spending
2020
2021
2022
2023
2024
2025
ESS Tech R&D Spending Growth & History (GWH)
ESS Tech's r&d spending was $8.3M for fiscal 2025.
View full ESS Tech company overviewESS Tech annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $8.3M | −$3.5M | −29.52% |
| 2024 | 2024-12-31 | $11.8M | −$30.9M | −72.39% |
| 2023 | 2023-12-31 | $42.6M | −$29.3M | −40.77% |
| 2022 | 2022-12-31 | $72.0M | $41.7M | +137.75% |
| 2021 | 2021-12-31 | $30.3M | $17.4M | +134.76% |
| 2020 | 2020-12-31 | $12.9M | — | — |
ESS Tech quarterly r&d spending
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 | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $2.2M | $777,000 | +54.56% |
| Q1 2026 | 2026-03-31 | $2.6M | $147,000 | +5.93% |
| Q4 2025 | 2025-12-31 | $3.4M | $662,000 | +24.46% |
| Q3 2025 | 2025-09-30 | $1.0M | −$1.7M | −61.74% |
| Q2 2025 | 2025-06-30 | $1.4M | −$1.4M | −49.79% |
| Q1 2025 | 2025-03-31 | $2.5M | −$1.1M | −30.12% |
| Q4 2024 | 2024-12-31 | $2.7M | −$1.1M | −29.55% |
| Q3 2024 | 2024-09-30 | $2.7M | $1.1M | +66.81% |
| Q2 2024 | 2024-06-30 | $2.8M | −$16.6M | −85.42% |
| Q1 2024 | 2024-03-31 | $3.5M | −$14.2M | −80.00% |
| Q4 2023 | 2023-12-31 | $3.8M | −$18.9M | −83.15% |
| Q3 2023 | 2023-09-30 | $1.6M | −$18.5M | −92.01% |
| Q2 2023 | 2023-06-30 | $19.4M | $3.3M | +20.32% |
| Q1 2023 | 2023-03-31 | $17.7M | $4.8M | +37.48% |
| Q4 2022 | 2022-12-31 | $22.8M | $12.1M | +112.41% |
| Q3 2022 | 2022-09-30 | $20.1M | $12.5M | +162.34% |
| Q2 2022 | 2022-06-30 | $16.2M | $9.9M | +159.80% |
| Q1 2022 | 2022-03-31 | $12.9M | $7.2M | +128.20% |
| Q4 2021 | 2021-12-31 | $10.7M | — | — |
| Q3 2021 | 2021-09-30 | $7.7M | — | — |
| Q2 2021 | 2021-06-30 | $6.2M | — | — |
| Q1 2021 | 2021-03-31 | $5.7M | — | — |
ESS Tech r&d spending trends
Over the last five fiscal years, ESS Tech's r&d spending decreased from $12.9M to $8.3M, a change of −$4.6M. The latest reported quarter, Q2 2026, shows $2.2M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review ESS Tech source filings ↗