ESS Tech (GWH) Asset Writedowns and Impairment (2023 - 2025)

ESS Tech (GWH) 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) 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Novonix 479.97 Bn 479.92 Bn -
2 Vertiv Holdings 114.69 Bn 112.19 Bn 999.70 Mn
3 Bloom Energy 79.53 Bn 77.06 Bn 225.54 Mn
4 nVent Electric 27.08 Bn 26.89 Bn 445.60 Mn
5 Hubbell 26.67 Bn 26.16 Bn 505.30 Mn
6 Advanced Energy Industries 13.19 Bn 13.19 Bn 200.90 Mn
7 Powell Industries 10.63 Bn 10.09 Bn 87.94 Mn
8 Ballard Power Systems 10.07 Bn 9.54 Bn 5.64 Mn
9 Acuity Inc. (De) 9.39 Bn 9.12 Bn 520.40 Mn
10 ESS Tech 23.66 Mn 23.66 Mn -7.04 Mn

Historic Data

Download Data
DateValue
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