ESS Tech Inc. has reported its preliminary unaudited financial results for the second quarter of 2025, showcasing a strong performance. The company experienced a nearly 300% increase in revenue compared to the first quarter of 2025. Additionally, there was a 22% decrease in the cost of revenue and a 37% decrease in operating expenses. The net loss improved by 43%, and adjusted EBITDA saw a 49% improvement over the same period. ESS Tech has also secured its first Energy Base order for an 8 MWh project, aligning with a strategic shift towards their 10+ hour product announced in February. The company has implemented streamlined operations, achieving an approximately 80% reduction in monthly cash burn as of June 2025. In support of these operational efforts, ESS announced a $31 million insider-led funding package to bolster its financial position, including short-term loans, production tax credits, and an equipment sale leaseback transaction. The company's directors have agreed to forego their cash compensation for 2025, further underscoring the commitment to strengthening ESS's financial standing. The funding package is set to aid in securing further Energy Base contracting opportunities and pursuing broader capital raising efforts. The Energy Base product is manufactured entirely in the United States and has demonstrated significant technical advancements, including extended duration capabilities of up to 17.8 hours at reduced power.