Upwork, Inc (UPWK) Asset Writedowns and Impairment (2017 - 2022)

Upwork (UPWK) has reported Asset Writedowns and Impairment for 6 consecutive years, with -$8.3 million the latest figure, recorded in Q3 2022.

• In Q3 2022, Asset Writedowns and Impairment fell 251.59% year-over-year to -$8.3 million; the TTM figure through Sep 2022 stood at $1.3 million (down 90.49% YoY), while the FY2021 annual figure was $8.7 million, changed N/A from the prior year.
• Asset Writedowns and Impairment came in at -$8.3 million for Q3 2022 at Upwork, down from $6.4 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 -$8.3 million in Q3 2022.
• Average Asset Writedowns and Impairment over 5 years is $1.2 million, with a median of $1.0 million recorded in 2019.
• Across the five-year window, Asset Writedowns and Impairment slumped 254.42% in 2020 and surged 782.0% in 2021, its largest moves.
• Year by year, Asset Writedowns and Impairment stood at $1.9 million in 2018, then tumbled by 209.83% to -$2.1 million in 2019, then rose by 22.71% to -$1.6 million in 2020, then surged by 181.63% to $1.3 million in 2021, then plunged by 733.87% to -$8.3 million in 2022.
• According to Business Quant data, Asset Writedowns and Impairment over the past three periods registered -$8.3 million, $6.4 million, and $1.9 million for Q3 2022, Q2 2022, and Q1 2022 respectively.