ESS Tech (GWH-WT) Depreciation and Depletion (2021 - 2026)
ESS Tech (GWH-WT) recorded quarterly Depreciation and Depletion of $2.3 million in Q1 2026, up 130.0% quarter-over-quarter from $1.0 million in Q4 2025, and up 53.33% on a YoY basis from $1.5 million in Q1 2025.
ESS Tech (GWH-WT) Depreciation and Depletion (2021 - 2026) Analysis & Trends
ESS Tech's Depreciation and Depletion history runs 6 years deep, the most recent figure standing at $2.3 million for Q1 2026.
- In Q1 2026, Depreciation and Depletion rose 53.33% year-over-year to $2.3 million; the TTM figure through Mar 2026 stood at $6.2 million (up 29.17% YoY), while the FY2025 annual figure was $5.4 million, up 20.0% from the prior year.
- Depreciation and Depletion was $2.3 million for Q1 2026 at ESS Tech, up from $1.0 million in the prior quarter.
- In the past five years, Depreciation and Depletion ranged from a high of $3.2 million in Q4 2023 to a low of $196000.0 in Q1 2022.
- Historically, Depreciation and Depletion has averaged $1.2 million across 5 years, with a median of $1.1 million in 2023.
- The sharpest annual moves came in 2023 and 2024: Depreciation and Depletion surged 461.22% in 2023, then slumped 56.25% in 2024.
- A 5-year view of Depreciation and Depletion shows it stood at $685000.0 in 2022, then soared by 367.15% to $3.2 million in 2023, then plunged by 56.25% to $1.4 million in 2024, then decreased by 28.57% to $1.0 million in 2025, then surged by 130.0% to $2.3 million in 2026.
- The last three Depreciation and Depletion figures came in at $2.3 million (Q1 2026), $1.0 million (Q4 2025), and $1.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Depreciation and Depletion (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 395.03 Bn | 394.98 Bn | - | - |
| 2 | Vertiv Holdings | 110.52 Bn | 108.02 Bn | 999.70 Mn | 27.50 Mn |
| 3 | Bloom Energy | 73.12 Bn | 70.66 Bn | 225.54 Mn | 13.28 Mn |
| 4 | nVent Electric | 26.38 Bn | 26.19 Bn | 445.60 Mn | 16.80 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 | 2.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.30 Mn |
| Mar 31, 2026 | 2.30 Mn |
| Dec 31, 2025 | 1.00 Mn |
| Dec 31, 2025 | 1.00 Mn |
| Sep 30, 2025 | 1.40 Mn |
| Sep 30, 2025 | 1.40 Mn |
| Jun 30, 2025 | 1.50 Mn |
| Jun 30, 2025 | 1.50 Mn |
| Mar 31, 2025 | 1.50 Mn |
| Mar 31, 2025 | 1.50 Mn |
| Dec 31, 2024 | 1.40 Mn |
| Dec 31, 2024 | 1.40 Mn |
| Sep 30, 2024 | 700,000.00 |
| Sep 30, 2024 | 700,000.00 |
| Jun 30, 2024 | 1.20 Mn |
| Jun 30, 2024 | 1.20 Mn |
| Mar 31, 2024 | 1.20 Mn |
| Mar 31, 2024 | 1.20 Mn |
| Dec 31, 2023 | 3.20 Mn |
| Dec 31, 2023 | 3.20 Mn |