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ESS Tech vs NeoVolta: GWH and NEOV compared
ESS Tech is the larger company: $73K of revenue in its latest quarter (Q2 2026) against $13K for NeoVolta (Q4 FY26). ESS Tech is growing faster (-97% against -100% a year earlier).
Where the money goes: GWH and NEOV
ESS Tech (GWH) · Q2 2026
ESS Tech, Q2 2026: revenue $73K (-97% year over year), net loss $15.6M, operating cash flow −$8.9M. The chart follows the revenue to costs, profit and cash.
NeoVolta (NEOV) · Q4 FY26
NeoVolta, Q4 FY26: revenue $13K (-100% year over year), net loss $11.7M, operating cash flow −$7.0M. The chart follows the revenue to costs, profit and cash.
| ESS Tech (GWH) | NeoVolta (NEOV) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q4 FY26 |
| Revenue | $73K | $13K |
| Revenue growth, Y/Y | -97% | -100% |
| Operating margin | n/m | n/m |
| Net earnings | −$15.6M | −$11.7M |
| Operating cash flow | −$8.9M | −$7.0M |
Where the revenue comes from
ESS Tech
- Product revenue: $69K (95%)
- Service revenue: $4K (5%)
Questions
Which is bigger, ESS Tech or NeoVolta?
ESS Tech is the larger company: $73K of revenue in its latest quarter (Q2 2026) against $13K for NeoVolta (Q4 FY26).
Is ESS Tech or NeoVolta growing faster?
ESS Tech is growing faster (-97% against -100% a year earlier).
More: ESS Tech earnings · how ESS Tech makes money · NeoVolta earnings · how NeoVolta makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 11, 2026; 10-K filed Sep 23, 2026). Fiscal quarters can end on different dates. Not investment advice.