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
DateValue
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