ESS Tech Inc (GWH) - 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. Check GWH asset resilience ratio to evaluate the company's liquid asset resilience ratio.
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 |
ESS Tech Inc - Net Assets Trend (2019–2025)
This chart illustrates how ESS Tech Inc's net assets have evolved over time, based on quarterly financial data. Also explore ESS Tech Inc (GWH) total assets for the complete picture of this company's asset base.
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 valuation and market cap data, see GWH company 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.
Current Equity Component Breakdown (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 |
|---|---|
|
YSX Tech. Co., Ltd Class A Ordinary Shares
NASDAQ:YSXT
|
$22.93 Million |
|
Indo Acidatama Tbk
JK:SRSN
|
$22.93 Million |
|
Dubber Corporation Ltd
AU:DUB
|
$22.94 Million |
|
Xu Yuan Packaging Technology Co Ltd
TWO:8421
|
$22.94 Million |
|
Wing Yip Food Holdings Group Limited American Depositary Shares
NASDAQ:WYHG
|
$22.93 Million |
|
TherapeuticsMD Inc
NASDAQ:TXMD
|
$22.92 Million |
|
SCI Electric Public Company Limited
BK:SCI
|
$22.91 Million |
|
Blue Star Helium Ltd
AU:BNL
|
$22.90 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: 1.62x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.43x to 1.62x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $2.21 | $0.96 | x |
| 2020-12-31 | $-0.42 | $0.96 | x |
| 2021-12-31 | $2.46 | $0.96 | x |
| 2022-12-31 | $0.90 | $0.96 | x |
| 2023-12-31 | $0.65 | $0.96 | x |
| 2024-12-31 | $0.16 | $0.96 | x |
| 2025-12-31 | $0.59 | $0.96 | 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: $223,172,077
- Average return on equity (ROE) among peers: -112.03%
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 | $22.93 Million |
| Advent Technologies Holdings Inc (ADN) | $5.00 Million | 57.46% | 44.20x | $1.38 Million |
| Ads Tec Energy PLC (ADSE) | $1.69 Million | -712.54% | 36.25x | $672.17 Million |
| Advanced Energy Industries Inc (AEIS) | $1.07 Billion | 18.73% | 0.87x | $12.35 Billion |
| Amprius Technologies Inc. (AMPX) | $73.03 Million | -23.73% | 0.14x | $1.30 Billion |
| Asia Pacific Wire & Cable Corp Ltd (APWC) | $222.83 Million | 3.91% | 0.50x | $60.20 Million |
| Atkore International Group Inc (ATKR) | $864.74 Million | 67.98% | 1.56x | $2.52 Billion |
| Acuity Brands Inc (AYI) | $1.72 Billion | 20.36% | 0.74x | $8.72 Billion |
| Bloom Energy Corp (BE) | $-1.72 Billion | 0.00% | 0.00x | $39.20 Billion |
| CBAK Energy Technology Inc (CBAT) | $327.30K | -593.70% | 388.81x | $66.48 Million |
| CCSC Technology International Holdings Limited Ordinary Shares (CCTG) | $5.99 Million | 41.19% | 1.15x | $1.90 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