ESS Tech, Inc. (GWH) Form 8-K — Aug 11, 2026
ESS Tech reported Q2 2026 total revenue of just $73 thousand, down from $2.4 million a year earlier, with a net loss of $15.6 million, or $(0.46) per share, and an adjusted EBITDA loss of $7.9 million. Liquidity is critically tight: unrestricted cash stood at $5.6 million as of July 31, 2026, stockholders' equity turned negative at $(2.7) million as of June 30, 2026, and the company has repaid $37 million of the $40 million principal on its Yorkville promissory note while pursuing incremental liquidity.
Key figures
- Revenue
- $73 thousand (Q2 2026 total revenue)
- Revenue Yoy
- -97% (vs. $2.4 million in prior-year quarter)
- Total Assets
- 32476000
- Cash Position
- $5.6 million unrestricted as of July 31, 2026; $10.8 million cash and equivalents as of June 30, 2026
- Shares Outstanding
- 32889323
- Alsym LOI
- 8.5 GWh of U.S.-made sodium-ion cells and modules
- Gross Loss
- -$7.4 million (Q2 2026)
- Juniper LOI
- 500+ MWh by 2032; initial 10 MW / 80 MWh California project targeted for commercial operation in 2027
- Yorkville Note
- $37 million of $40 million principal repaid as of filing date
- Adjusted EBITDA
- -$7.9 million (Q2 2026) vs. -$7.8 million prior year
- Asset Abandonment
- $4.3 million (H1 2026)
- Legal Contingency
- $1.5 million accrual (H1 2026)
- Operating Expenses
- $7.7 million, up 19% YoY
- Early Stage Pipeline
- approaching $1 billion
- Operating Cash Burn H1
- $22.4 million (vs. $30.6 million prior year)
- Stockholders Deficit
- -$2.7 million as of June 30, 2026
- Weighted Avg Shares Q2
- 33,824,896 vs. 12,271,587 prior year
- Business Combination EV
- ~$515 million expected combined enterprise value
- Ess Shareholders Ownership Of Combined Co
- estimated 5-10%
Price after filing
Close on the filing date to close N calendar days later (from $0.58). Historical, not a forecast.
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