ESS Tech (GWH-WT) Asset Writedowns and Impairment (2023 - 2025)
ESS Tech (GWH-WT) recorded quarterly Asset Writedowns and Impairment of $30000.0 in Q2 2025, up 103.88% quarter-over-quarter from -$774000.0 in Q1 2025, and down 99.15% on a YoY basis from $3.5 million in Q2 2024.
ESS Tech (GWH-WT) Asset Writedowns and Impairment (2023 - 2025) Analysis & Trends
ESS Tech's Asset Writedowns and Impairment history runs 3 years deep, the most recent figure standing at $30000.0 for Q2 2025.
- In Q2 2025, Asset Writedowns and Impairment fell 99.15% year-over-year to $30000.0; the TTM figure through Jun 2025 stood at -$2.3 million (down 116.89% YoY), while the FY2025 annual figure was $1.7 million, changed N/A from the prior year.
- Asset Writedowns and Impairment was $30000.0 for Q2 2025 at ESS Tech, up from -$774000.0 in the prior quarter.
- In the past five years, Asset Writedowns and Impairment ranged from a high of $11.4 million in Q3 2023 to a low of -$5.2 million in Q4 2024.
- Historically, Asset Writedowns and Impairment has averaged $1.4 million across 3 years, with a median of $270000.0 in 2023.
- The sharpest annual moves came in 2024 and 2025: Asset Writedowns and Impairment slumped 1113.73% in 2024, then jumped 60.89% in 2025.
- A 3-year view of Asset Writedowns and Impairment shows it stood at $510000.0 in 2023, then plunged by 1113.73% to -$5.2 million in 2024, then soared by 100.58% to $30000.0 in 2025.
- The last three Asset Writedowns and Impairment figures came in at $30000.0 (Q2 2025), -$774000.0 (Q1 2025), and -$5.2 million (Q4 2024), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Novonix | 395.03 Bn | 394.98 Bn | - |
| 2 | Vertiv Holdings | 110.52 Bn | 108.02 Bn | 999.70 Mn |
| 3 | Bloom Energy | 73.12 Bn | 70.66 Bn | 225.54 Mn |
| 4 | nVent Electric | 26.38 Bn | 26.19 Bn | 445.60 Mn |
| 5 | Hubbell | 25.79 Bn | 25.28 Bn | 505.30 Mn |
| 6 | Advanced Energy Industries | 11.69 Bn | 11.69 Bn | 200.90 Mn |
| 7 | Ballard Power Systems | 11.51 Bn | 10.98 Bn | 5.64 Mn |
| 8 | Powell Industries | 10.32 Bn | 9.77 Bn | 87.94 Mn |
| 9 | Acuity Inc. (De) | 9.21 Bn | 8.94 Bn | 520.40 Mn |
| 10 | ESS Tech | - | - | -7.04 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2025 | 30,000.00 |
| Jun 30, 2025 | 30,000.00 |
| Mar 31, 2025 | -774,000.00 |
| Mar 31, 2025 | -774,000.00 |
| Dec 31, 2024 | -5.17 Mn |
| Dec 31, 2024 | -5.17 Mn |
| Sep 30, 2024 | 3.64 Mn |
| Sep 30, 2024 | 3.64 Mn |
| Jun 30, 2024 | 3.51 Mn |
| Jun 30, 2024 | 3.51 Mn |
| Mar 31, 2024 | -1.98 Mn |
| Mar 31, 2024 | -1.98 Mn |
| Dec 31, 2023 | 510,000.00 |
| Dec 31, 2023 | 510,000.00 |
| Sep 30, 2023 | 11.42 Mn |
| Sep 30, 2023 | 11.42 Mn |