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

Upwork's Asset Writedowns and Impairment history runs 6 years deep, the most recent figure standing at -$8.3 million for 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 was -$8.3 million for Q3 2022 at Upwork, down from $6.4 million in the prior quarter.
• In the past five years, Asset Writedowns and Impairment ranged from a high of $7.4 million in Q2 2021 to a low of -$8.3 million in Q3 2022.
• Historically, Asset Writedowns and Impairment has averaged $1.2 million across 5 years, with a median of $1.0 million in 2019.
• The sharpest annual moves came in 2020 and 2021: Asset Writedowns and Impairment sank 254.42% in 2020, then surged 782.0% in 2021.
• A 5-year view of Asset Writedowns and Impairment shows it stood at $1.9 million in 2018, then slumped by 209.83% to -$2.1 million in 2019, then climbed by 22.71% to -$1.6 million in 2020, then surged by 181.63% to $1.3 million in 2021, then tumbled by 733.87% to -$8.3 million in 2022.
• The last three Asset Writedowns and Impairment figures came in at -$8.3 million (Q3 2022), $6.4 million (Q2 2022), and $1.9 million (Q1 2022), per Business Quant data.