ESS Tech Q1 net loss narrows to $15.9M; revenue $128k; new AFRL and SRP/Google deals

ESS Tech, Inc.

2026-Q1 EPS reported -$0.54 revenue$128,000

Revenue $128K vs $0.6M YoY; net loss $(15.9)M ($0.54 per share) vs $(18.0)M prior year.
Adjusted EBITDA loss improved 31% to $(10.3)M; total operating expenses down 33%.
Total liquidity $21.5M as of Mar 31; closed $15M direct offering at $1.75/share.
Awarded $9.9M contract with CTC/AFRL for up to 27 MWh storage system.
Project New Horizon pilot with SRP/Google (5MW/50MWh); delivery targeted Dec 2027.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ESS Tech, Inc. reported first quarter ended March 31, 2026 results: revenue $128 thousand, net income $(15.9) million, EPS $(0.54) per share.

Period: first quarter ended March 31, 2026
Revenue: $128 thousand
Net income: $(15.9) million
EPS: $(0.54) per share
Result: reported results

Exact text from the filing

the Company continued its leadership and organizational reset focused on governance, execution, and financial discipline. First Quarter 2026 Financial Highlights • Revenue was $128 thousand for the three months ended March 31, 2026, compared with $0.6 million in the prior-year period due to fewer deliveries of equipment to customers. • Total operating expenses

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ESS Tech, Inc. filing history →

Source: SEC EDGAR

accession 0001819438-26-000032

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