ESS Tech (GWH) Asset Writedowns and Impairment (2023 - 2025)
ESS Tech's (GWH) quarterly Asset Writedowns and Impairment came in at $30000.0 in Q2 2025, down 99.15% year-on-year from $3.5 million in Q2 2024, and up 103.88% quarter-over-quarter from -$774000.0 in Q1 2025.
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.
- On a quarterly basis, Asset Writedowns and Impairment fell 99.15% year-over-year to $30000.0 in Q2 2025; TTM through Jun 2025 was -$2.3 million, a 116.89% decrease from a year earlier, with the FY2025 full-year figure at $1.7 million, changed N/A from the prior year.
- Asset Writedowns and Impairment improved to $30000.0 in Q2 2025 per GWH's latest filing, from -$774000.0 in the prior quarter.
- Across five years, Asset Writedowns and Impairment topped out at $11.4 million in Q3 2023 and bottomed at -$5.2 million in Q4 2024.
- The 3-year median for Asset Writedowns and Impairment is $270000.0 (2023), against an average of $1.4 million.
- Across the five-year window, Asset Writedowns and Impairment slumped 1113.73% in 2024 and soared 60.89% in 2025, its largest moves.
- Year by year, Asset Writedowns and Impairment stood at $510000.0 in 2023, then slumped by 1113.73% to -$5.2 million in 2024, then soared by 100.58% to $30000.0 in 2025.
- Per Business Quant, the three latest GWH Asset Writedowns and Impairment figures stand at $30000.0 (Q2 2025), -$774000.0 (Q1 2025), and -$5.2 million (Q4 2024).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Electrovaya | 406.66 Bn | 406.64 Bn | 6.04 Mn |
| 2 | Vertiv Holdings | 107.51 Bn | 105.01 Bn | 999.70 Mn |
| 3 | Bloom Energy | 51.78 Bn | 49.29 Bn | 225.54 Mn |
| 4 | Hubbell | 25.69 Bn | 25.17 Bn | 505.30 Mn |
| 5 | nVent Electric | 23.67 Bn | 23.48 Bn | 445.60 Mn |
| 6 | Advanced Energy Industries | 10.79 Bn | 10.10 Bn | 200.90 Mn |
| 7 | Acuity Inc. (De) | 10.07 Bn | 9.66 Bn | 606.40 Mn |
| 8 | Powell Industries | 7.90 Bn | 7.36 Bn | 87.94 Mn |
| 9 | EnerSys | 6.99 Bn | 6.55 Bn | 290.87 Mn |
| 10 | ESS Tech | 22.56 Mn | 1.09 Mn | -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 |