ESS posts FY 2025 adjusted EBITDA loss of USD 44.3 million, up 38%

Reuters05:06

ESS reported FY 2025 revenue of USD 1.6 million and a net loss of USD 63.4 million. Adjusted EBITDA was USD (44.3) million, improving 38% year over year, while total operating expenses fell 33% to USD 29.7 million. ESS ended FY 2025 with unrestricted cash and cash equivalents of USD 14.5 million and short-term investments of USD 7.5 million, and said it completed a USD 15 million registered direct offering in January 2026. For Q4 2025, ESS reported total revenue of USD (1.6) million and a net loss of USD 24.0 million. Business updates included an acquisition of VoltStorage GmbH’s intellectual property and assets, the appointment of Drew Buckley as CEO and Randall Selesky as chief commercial officer, and a USD 9.9 million award supporting deployment of up to 27 MWh of U.S.-made long-duration energy storage at U.S. military installations, including a large capacity energy storage system at Clear Space Force Station in Alaska. ESS also cited an updated collaboration with Google on Project New Horizon, with manufacturing expected to begin in 2026 and delivery targeted for December 2027, and noted three tier 1 foundational projects expected to begin delivery in 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ESS Tech Inc published the original content used to generate this news brief via Business Wire (Ref. ID: 202603051605BIZWIRE_USPR_____20260305_BW499859) on March 05, 2026, and is solely responsible for the information contained therein.

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Adjusted EBITDA was USD (44.3) million, improving 38% year over year, while total operating expenses fell 33% to USD 29.7 million. ESS ended FY 2025 with unrestricted cash and cash equivalents of USD 14.5 million and short-term investments of USD 7.5 million, and said it completed a USD 15 million registered direct offering in January 2026. For Q4 2025, ESS reported total revenue of USD (1.6) million and a net loss of USD 24.0 million. Business updates included an acquisition of VoltStorage GmbH’s intellectual property and assets, the appointment of Drew Buckley as CEO and Randall Selesky as chief commercial officer, and a USD 9.9 million award supporting deployment of up to 27 MWh of U.S.-made long-duration energy storage at U.S. military installations, including a large capacity energy storage system at Clear Space Force Station in Alaska. ESS also cited an updated collaboration with Google on Project New Horizon, with manufacturing expected to begin in 2026 and delivery targeted for December 2027, and noted three tier 1 foundational projects expected to begin delivery in 2027.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ESS Tech Inc published the original content used to generate this news brief via Business Wire (Ref. ID: 202603051605BIZWIRE_USPR_____20260305_BW499859) on March 05, 2026, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2617575777","isCrawlerRequest":true}