ESS Tech reports FY2025 net loss $63.4M, Adj. EBITDA -$44.3M, cash strengthened

ESS Tech, Inc.

Revenue of $1.6M; net loss improved to $63.4M from $86.2M in 2024; Adj. EBITDA -$44.3M vs -$71.3M.
OpEx down 33% to $29.7M; cash & short-term investments $22M at year-end; raised $15M in Jan 2026.
Leadership reset: Drew Buckley CEO, Kelly Goodman CSO/GC, Kate Suhadolnik CFO.
Acquired VoltStorage IP; $9.9M military LDES contract; updated Google collaboration for Project New Horizon.
Repaid 95% of $30M note tranche; drew second $10M tranche from YA II PN.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ESS Tech, Inc. reported year ended December 31, 2025 results: revenue $1.6 million, net income Net loss for the year ended December 31, 2025, was $63.4 million.

Period: year ended December 31, 2025
Revenue: $1.6 million
Net income: Net loss for the year ended December 31, 2025, was $63.4 million
Result: reported results

Exact text from the filing

Revenue was $1.6 million for the year ended December 31, 2025. The company’s business has been focused on the development and commercialization of its LDES systems. ◦ ESS delivered and recognized revenue from completed and in-process Energy Warehouses and Energy Centers (plus related equipment), engineering services for a site deployment, and extended warranty services, primarily offset by revenue reductions tied to settling and winding down legacy contracts as the Company shifted to the Energy Base offering and by lower overall sales volumes year over year. • Net loss for the year ended December 31, 2025, was $63.4 million

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

ESS Tech, Inc. filing history →

Source: SEC EDGAR

accession 0001819438-26-000011

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.