ESS Tech (GWH) Depreciation and Depletion (2021 - 2026)
ESS Tech (GWH) recorded Depreciation and Depletion of $5 million in Q2 2026, up 233.3% from $1.5 million a year earlier and up 117.4% from the prior quarter.
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Analysis
ESS Tech (GWH) Depreciation and Depletion (2021 - 2026) Analysis & Trends
On a TTM basis, ESS Tech's Depreciation and Depletion came in at $9.7 million as of Jun 30, 2026, up 90.2% year-over-year; for FY2025, it came in at $5.4 million, up 20.0% from FY2024.
- Annual Depreciation and Depletion has a five-year compound annual growth rate of 65.4% (FY2020 to FY2025).
- Across earlier years, Depreciation and Depletion came in at $4.5 million in FY2024 (-29.7%), $6.4 million in FY2023 (+326.7%), $1.5 million in FY2022 (+162.2%) and $572,000 in FY2021 (+31.2%).
- The Q2 2026 figure is the highest quarterly Depreciation and Depletion in data going back to Q1 2021.
- On a year-over-year basis, Depreciation and Depletion rose in five of the last eight quarters, with growth averaging 39.4%.
- Peak year-over-year performance for Depreciation and Depletion in the last five years was growth of 461.2% in Q1 2023, against a decline of 56.3% in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $2.3 million (Q1 2026), $1 million (Q4 2025) and $1.4 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Dep. & Depletion (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 263.36 Bn | 224.44 Bn | 2.36 Bn | 182.00 Mn |
| 2 | Bloom Energy | 84.85 Bn | 76.67 Bn | 355.57 Mn | 13.75 Mn |
| 3 | First Solar | 18.77 Bn | 9.72 Bn | 605.00 Mn | 143.50 Mn |
| 4 | Generac Holdings | 12.79 Bn | 11.62 Bn | 521.81 Mn | 27.60 Mn |
| 5 | Nextpower | 12.78 Bn | 8.68 Bn | 335.85 Mn | - |
| 6 | BWX Technologies | 12.36 Bn | 10.66 Bn | 202.31 Mn | - |
| 7 | EnerSys | 7.13 Bn | 5.32 Bn | 313.36 Mn | 22.22 Mn |
| 8 | Enphase Energy | 4.42 Bn | -436.70 Mn | 175.01 Mn | - |
| 9 | Mirion Technologies | 3.57 Bn | 1.46 Bn | 133.10 Mn | 6.00 Mn |
| 10 | ESS Tech | 5.26 Mn | 5.26 Mn | -7.42 Mn | 5.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.00 Mn |
| Mar 31, 2026 | 2.30 Mn |
| Dec 31, 2025 | 1.00 Mn |
| Sep 30, 2025 | 1.40 Mn |
| Jun 30, 2025 | 1.50 Mn |
| Mar 31, 2025 | 1.50 Mn |
| Dec 31, 2024 | 1.40 Mn |
| Sep 30, 2024 | 700,000.00 |
| Jun 30, 2024 | 1.20 Mn |
| Mar 31, 2024 | 1.20 Mn |
| Dec 31, 2023 | 3.20 Mn |
| Sep 30, 2023 | 1.10 Mn |
| Jun 30, 2023 | 1.00 Mn |
| Mar 31, 2023 | 1.10 Mn |
| Dec 31, 2022 | 685,000.00 |
| Sep 30, 2022 | 358,000.00 |
| Jun 30, 2022 | 261,000.00 |
| Mar 31, 2022 | 196,000.00 |
| Dec 31, 2021 | 168,000.00 |
| Sep 30, 2021 | 140,000.00 |
API Access
ESS Tech Depreciation and Depletion API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=depreciation-and-depletion&ticker=GWH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "depreciation-and-depletion", "ticker": "GWH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=depreciation-and-depletion&ticker=GWH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();