ESS Tech Inc Net Assets
ESS Tech Inc net assets. Based on the latest financial reports, ESS Tech Inc (GWH) has net assets worth $9.45 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($48.57 Million) and total liabilities ($39.13 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore ESS Tech Inc (GWH) net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $9.45 Million |
| % of Total Assets | 19.45% |
| Annual Growth Rate | -9.4% |
| 5-Year Change | -95.8% |
| 10-Year Change | N/A |
| Growth Volatility | 30.85 |
Net Assets of ESS Tech Inc (2019–2025)
Net assets of ESS Tech Inc from 2019 to 2025. This chart illustrates how ESS Tech Inc's net assets have evolved over time, based on quarterly financial data. See ESS Tech Inc net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for ESS Tech Inc (2019–2025)
The table below shows the annual net assets of ESS Tech Inc from 2019 to 2025. For live market cap and overall valuation, see ESS Tech Inc market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $8.62 Million | -70.16% |
| 2024-12-31 | $28.88 Million | -72.05% |
| 2023-12-31 | $103.36 Million | -24.54% |
| 2022-12-31 | $136.97 Million | -33.24% |
| 2021-12-31 | $205.16 Million | +12548.97% |
| 2020-12-31 | $-1.65 Million | -110.58% |
| 2019-12-31 | $15.58 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to ESS Tech Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 81274500000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
ESS Tech Inc Net Assets Breakdown (December 2025)
ESS Tech Inc net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.00K | 0.02% |
| Other Components | $854.43 Million | 9914.54% |
| Total Equity | $8.62 Million | 100.00% |
ESS Tech Inc Competitors by Market Cap
The table below lists competitors of ESS Tech Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Morarjee Textiles Limited
NSE:MORARJEE
|
$1.47 Million |
|
KARELIAN DIA.R. EO-00025
F:KJY1
|
$1.47 Million |
|
Haoxin Holdings Limited Class A Ordinary Shares
NASDAQ:HXHX
|
$1.48 Million |
|
Autonomix Medical, Inc. Common Stock
NASDAQ:AMIX
|
$1.48 Million |
|
Univa Foods Limited
NSE:UNIVAFOODS
|
$1.47 Million |
|
Sienna Resources Inc
V:SIE
|
$1.47 Million |
|
Renegade Exploration Ltd
AU:RNX
|
$1.46 Million |
|
FDM Group Holdings PLC
LSE:FDM
|
$1.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ESS Tech Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 28,884,000 to 8,618,000, a change of -20,266,000 (-70.2%).
- Net loss of 63,440,000 reduced equity.
- Share repurchases of 50,000 reduced equity.
- New share issuances of 37,651,000 increased equity.
- Other factors increased equity by 5,573,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-63.44 Million | -736.13% |
| Share Repurchases | $50.00K | -0.58% |
| Share Issuances | $37.65 Million | +436.89% |
| Other Changes | $5.57 Million | +64.67% |
| Total Change | $- | -70.16% |
Book Value vs Market Value Analysis
This analysis compares ESS Tech Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.08x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $2.21 | $0.05 | x |
| 2020-12-31 | $-0.42 | $0.05 | x |
| 2021-12-31 | $2.46 | $0.05 | x |
| 2022-12-31 | $0.90 | $0.05 | x |
| 2023-12-31 | $0.65 | $0.05 | x |
| 2024-12-31 | $0.16 | $0.05 | x |
| 2025-12-31 | $0.59 | $0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ESS Tech Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -736.13%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4007.58%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 5.94x
- Recent ROE (-736.13%) is below the historical average (-210.47%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -74.10% | 0.00% | 0.00x | 1.36x | $-13.10 Million |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-30.25 Million |
| 2021 | -232.56% | -69550.58% | 0.00x | 1.22x | $-497.63 Million |
| 2022 | -56.92% | -8721.36% | 0.01x | 1.27x | $-91.67 Million |
| 2023 | -75.06% | -1028.89% | 0.05x | 1.39x | $-87.91 Million |
| 2024 | -298.51% | -1369.69% | 0.09x | 2.49x | $-89.11 Million |
| 2025 | -736.13% | -4007.58% | 0.03x | 5.94x | $-64.30 Million |
Industry Comparison
This section compares ESS Tech Inc's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $268,919,557
- Average return on equity (ROE) among peers: -42.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ESS Tech Inc (GWH) | $9.45 Million | -74.10% | 4.14x | $1.47 Million |
| Accelevation Holdings Corp. Class A Ordinary Shares (ACCV) | $40.43 Million | 23.27% | 3.69x | $1.33 Billion |
| Advent Technologies Holdings Inc (ADN) | $13.45 Million | -530.91% | 1.58x | $1.38 Million |
| Ads Tec Energy PLC (ADSE) | $-42.81 Million | 0.00% | 0.00x | $692.46 Million |
| Advanced Energy Industries Inc (AEIS) | $1.36 Billion | 10.89% | 0.87x | $7.89 Billion |
| Amprius Technologies Inc. (AMPX) | $103.81 Million | -42.41% | 0.51x | $1.27 Billion |
| Asia Pacific Wire & Cable Corp Ltd (APWC) | $118.20 Million | 3.47% | 0.76x | $45.77 Million |
| Atkore International Group Inc (ATKR) | $378.41 Million | 40.25% | 3.12x | $3.16 Billion |
| Acuity Brands Inc (AYI) | $575.55 Million | 25.76% | 1.45x | $8.75 Billion |
| Bloom Energy Corp (BE) | $-1.53 Million | 0.00% | 0.00x | $51.02 Billion |
| CBAK Energy Technology Inc (CBAT) | $140.88 Million | 43.64% | 0.86x | $65.53 Million |
About ESS Tech Inc
ESS Tech, Inc., an energy storage company, engages in the design and production of iron flow batteries for commercial and utility-scale energy storage applications worldwide. It offers energy storage products, which include Energy Warehouse, a behind-the-meter solution; and the gigawatt-hour energy base storage product, a fully configurable layout that integrates with any site location and that a… Read more