Upwork (UPWK) Asset Writedowns and Impairment (2017 - 2022)
Upwork (UPWK) posted quarterly Asset Writedowns and Impairment of -$1.9 million for Q2 2022, down 125.93% year-over-year from $7.4 million in Q2 2021, and down 200.0% quarter-over-quarter from $1.9 million in Q1 2022.
Analysis
Upwork (UPWK) Asset Writedowns and Impairment (2017 - 2022) Analysis & Trends
Upwork's Asset Writedowns and Impairment history runs 6 years deep, the most recent figure standing at -$1.9 million for Q2 2022.
- In Q2 2022, Asset Writedowns and Impairment fell 125.93% year-over-year to -$1.9 million; the TTM figure through Sep 2022 stood at $1.4 million (down 81.7% YoY), while the FY2021 annual figure was $8.7 million, changed N/A from the prior year.
- Asset Writedowns and Impairment for Q2 2022 stood at -$1.9 million, down from $1.9 million in the prior quarter.
- The five-year high for Asset Writedowns and Impairment was $7.4 million in Q2 2021, with the low at -$2.1 million in Q4 2019.
- The 5-year median for Asset Writedowns and Impairment is $870000.0 (2020), against an average of $834562.5.
- The sharpest annual moves came in 2020 and 2021: Asset Writedowns and Impairment plunged 254.42% in 2020, then jumped 782.0% in 2021.
- Upwork's Asset Writedowns and Impairment stood at $1.9 million in 2018, then sank by 209.83% to -$2.1 million in 2019, then advanced by 22.71% to -$1.6 million in 2020, then soared by 184.18% to $1.4 million in 2021, then plunged by 241.94% to -$1.9 million in 2022.
- Business Quant data shows UPWK's Asset Writedowns and Impairment at -$1.9 million in Q2 2022, $1.9 million in Q1 2022, and $1.4 million in Q4 2021.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn |
| 10 | Upwork | 1.12 Bn | 501.02 Mn | 146.37 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2022 | -8.31 Mn |
| Sep 30, 2022 | -8.31 Mn |
| Jun 30, 2022 | 6.39 Mn |
| Jun 30, 2022 | 6.39 Mn |
| Mar 31, 2022 | 1.92 Mn |
| Mar 31, 2022 | 1.92 Mn |
| Dec 31, 2021 | 1.35 Mn |
| Dec 31, 2021 | 1.35 Mn |
| Jun 30, 2021 | 7.40 Mn |
| Jun 30, 2021 | 7.40 Mn |
| Mar 31, 2021 | 901,000.00 |
| Mar 31, 2021 | 901,000.00 |
| Dec 31, 2020 | -2.65 Mn |
| Dec 31, 2020 | -2.65 Mn |
| Sep 30, 2020 | 1.05 Mn |
| Sep 30, 2020 | 1.05 Mn |
| Jun 30, 2020 | 839,000.00 |
| Jun 30, 2020 | 839,000.00 |
| Mar 31, 2020 | 767,000.00 |
| Mar 31, 2020 | 767,000.00 |