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79 /100
CRITICAL RISK
Score updated Oct 13, 2026

GWH — ESS Tech, Inc. Dilution Risk Tracker

Track GWH dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of October 13, 2026, ESS Tech, Inc. (GWH) has a DilutionWatch DilutionScore of 79/100, rated CRITICAL dilution risk. ESS Tech, Inc. has a market capitalization of $5.17M, 32.97M shares outstanding, 2 institutional holders tracked. Stored dilution-related fields include ATM program capacity of $75.00M, 5.22M outstanding warrants.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
72
💰 Cash Runway
95
📊 Float Risk
30
⚠️ Warrant Exposure
50
🔄 Convertible Debt
40

Dilution Forecast

⛈️
Warning
High probability of dilution event
model est. 55%
💰 Capital Raise model 73%
• Critical: only 1.9 months cash remaining
• Active ATM program with $75M remaining capacity
🔄 Reverse Split model est. 45%
• 50-day avg $1.08 approaching $1 threshold
• Only 2 months cash — financial pressure
📜 Warrant Exercise model 25%
• Significant warrants: 16% of shares outstanding
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Market Data

Market Cap$5.17M
Shares Outstanding32.97M
Float21.90M
Cash$10.85M
DebtN/A
Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

FieldCurrent ValueBasis
DilutionScore79/100DilutionWatch score record
Shares Outstanding32.97MVerified float table or market cache
Public Float21.90MVerified float table or market cache
Market Cap$5.17MMarket data cache
Cash Runway1.9 monthsDilutionWatch score inputs
Shelf CapacityNone in current score inputsSEC-derived dilution fields
ATM Capacity$75.00MSEC-derived dilution fields
Outstanding Warrants5.22MSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 6.

Recent SEC source mix: 4 4, 8-K 1, XBRL 1.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

QoQ: ↑ 186.3% shares (2026Q1 vs prior)
2 institutional holders · 467.1K shares
#1 BARCLAYS PLC 344.1K shares
#2 Marex Group plc 123.0K shares

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest2.15M
Days to Cover1.3
% of Float9.8%
FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL WARRANT 2026-08-11
4 INSIDER TRANSACTION 2026-02-26
4 INSIDER TRANSACTION 2026-02-26
4 INSIDER TRANSACTION 2026-02-26
4 INSIDER TRANSACTION 2026-02-26
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual GWH Dilution Snapshot

ESS Tech, Inc. (GWH) has a DilutionScore of 79/100, rated Critical dilution risk. Score date: October 13, 2026.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

GWH's DilutionScore is currently 79/100 (Critical risk), with 3 score changes tracked over 89 days. The score deteriorated from 80/100 (Critical risk).

Period Score Risk Level Duration
Oct 13, 202679/100CRITICAL1 day
Sep 17 – Oct 12, 202680/100CRITICAL26 days
Aug 14 – Sep 16, 202679/100CRITICAL33 days
Jul 16 – Aug 13, 202677/100CRITICAL29 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

GWH shares outstanding have decreased 4.1% from 30.65M (Mar 2026) to 29.39M (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 31, 202629.39M21.90M▼ 0.03%
May 29, 202629.39M21.90M▼ 2.66%
May 09, 202629.39M22.50M▲ 2.76%
Apr 24, 202627.92M21.90M▲ 0.67%
Mar 13, 202630.65M21.75M▲ 0.30%
Mar 11, 202630.65M21.69M▲ 37.64%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

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