On July 9, 2025, ESS Tech, Inc. entered a Standby Equity Purchase Agreement allowing it to sell up to $25 million in common stock to an investor, while also announcing preliminary financial results for Q2 2025, including revenues of around $2.4 million and a net loss of approximately $10.3 million, showing significant improvements in various financial metrics over Q1. Additionally, on July 10, 2025, they executed a Sale and Leaseback Agreement for equipment valued at $10.5 million.