diff --git a/unified-runtime/source/adapters/level_zero/event.cpp b/unified-runtime/source/adapters/level_zero/event.cpp
index 7e71058dda7d3..2b6af79f292c0 100644
--- a/unified-runtime/source/adapters/level_zero/event.cpp
+++ b/unified-runtime/source/adapters/level_zero/event.cpp
@@ -531,7 +531,7 @@ ur_result_t urEventGetProfilingInfo(
   std::shared_lock<ur_shared_mutex> EventLock(Event->Mutex);
 
   // The event must either have profiling enabled or be recording timestamps.
-  bool isTimestampedEvent = Event->isTimestamped();
+  bool isTimestampedEvent = Event->IsTimestamped;
   if (!Event->isProfilingEnabled() && !isTimestampedEvent) {
     return UR_RESULT_ERROR_PROFILING_INFO_NOT_AVAILABLE;
   }
@@ -764,6 +764,9 @@ ur_result_t urEnqueueTimestampRecordingExp(
       Device, &DeviceStartTimestamp, nullptr));
   (*OutEvent)->RecordEventStartTimestamp = DeviceStartTimestamp;
 
+  // Mark this event as timestamped
+  (*OutEvent)->IsTimestamped = true;
+
   // Create a new entry in the queue's recordings.
   Queue->EndTimeRecordings[*OutEvent] = 0;
 
@@ -1141,7 +1144,7 @@ ur_result_t urEventReleaseInternal(ur_event_handle_t Event,
 
   // If the event was a timestamp recording, we try to evict its entry in the
   // queue.
-  if (Event->isTimestamped()) {
+  if (Event->IsTimestamped) {
     auto Entry = Queue->EndTimeRecordings.find(Event);
     if (Entry != Queue->EndTimeRecordings.end()) {
       auto &EndTimeRecording = Entry->second;
@@ -1435,6 +1438,7 @@ ur_result_t ur_event_handle_t_::reset() {
   CommandList = std::nullopt;
   completionBatch = std::nullopt;
   OriginAllocEvent = nullptr;
+  IsTimestamped = false;
 
   if (!isHostVisible())
     HostVisibleEvent = nullptr;
@@ -1767,12 +1771,3 @@ bool ur_event_handle_t_::isProfilingEnabled() const {
   return !UrQueue || // tentatively assume user events are profiling enabled
          (UrQueue->Properties & UR_QUEUE_FLAG_PROFILING_ENABLE) != 0;
 }
-
-// Tells if this event was created as a timestamp event, allowing profiling
-// info even if profiling is not enabled.
-bool ur_event_handle_t_::isTimestamped() const {
-  // If we are recording, the start time of the event will be non-zero. The
-  // end time might still be missing, depending on whether the corresponding
-  // enqueue is still running.
-  return RecordEventStartTimestamp != 0;
-}
diff --git a/unified-runtime/source/adapters/level_zero/event.hpp b/unified-runtime/source/adapters/level_zero/event.hpp
index 7e5efa87bb6f2..77c3aa8fb24a8 100644
--- a/unified-runtime/source/adapters/level_zero/event.hpp
+++ b/unified-runtime/source/adapters/level_zero/event.hpp
@@ -200,6 +200,9 @@ struct ur_event_handle_t_ : ur_object {
   // plugin.
   bool IsDiscarded = {false};
 
+  // Indicates that this is a timestamped event.
+  bool IsTimestamped = {false};
+
   // Indicates that this event is needed to be visible by multiple devices.
   // When possible, allocate Event from single device pool for optimal
   // performance
@@ -246,10 +249,6 @@ struct ur_event_handle_t_ : ur_object {
   // Tells if this event is with profiling capabilities.
   bool isProfilingEnabled() const;
 
-  // Tells if this event was created as a timestamp event, allowing profiling
-  // info even if profiling is not enabled.
-  bool isTimestamped() const;
-
   // Get the host-visible event or create one and enqueue its signal.
   ur_result_t getOrCreateHostVisibleEvent(ze_event_handle_t &HostVisibleEvent);
 
diff --git a/unified-runtime/source/adapters/level_zero/v2/event.cpp b/unified-runtime/source/adapters/level_zero/v2/event.cpp
index 2c3c4b9a8685c..7151e10a4be8a 100644
--- a/unified-runtime/source/adapters/level_zero/v2/event.cpp
+++ b/unified-runtime/source/adapters/level_zero/v2/event.cpp
@@ -73,6 +73,7 @@ void event_profiling_data_t::reset() {
   // possible.
   adjustedEventStartTimestamp = 0;
   adjustedEventEndTimestamp = 0;
+  timestampRecorded = false;
 }
 
 void event_profiling_data_t::recordStartTimestamp(ur_device_handle_t hDevice) {
@@ -85,18 +86,15 @@ void event_profiling_data_t::recordStartTimestamp(ur_device_handle_t hDevice) {
 
   assert(adjustedEventStartTimestamp == 0);
   adjustedEventStartTimestamp = deviceStartTimestamp;
+  timestampRecorded = true;
 }
 
 uint64_t event_profiling_data_t::getEventStartTimestmap() const {
   return adjustedEventStartTimestamp;
 }
 
-bool event_profiling_data_t::recordingEnded() const {
-  return adjustedEventEndTimestamp != 0;
-}
-
 bool event_profiling_data_t::recordingStarted() const {
-  return adjustedEventStartTimestamp != 0;
+  return timestampRecorded;
 }
 
 uint64_t *event_profiling_data_t::eventEndTimestampAddr() {
diff --git a/unified-runtime/source/adapters/level_zero/v2/event.hpp b/unified-runtime/source/adapters/level_zero/v2/event.hpp
index 9a31c47358947..98b3b98c3ce1f 100644
--- a/unified-runtime/source/adapters/level_zero/v2/event.hpp
+++ b/unified-runtime/source/adapters/level_zero/v2/event.hpp
@@ -34,7 +34,6 @@ struct event_profiling_data_t {
   uint64_t *eventEndTimestampAddr();
 
   bool recordingStarted() const;
-  bool recordingEnded() const;
 
   // clear the profiling data, allowing the event to be reused
   // for a new command
@@ -49,6 +48,8 @@ struct event_profiling_data_t {
 
   uint64_t zeTimerResolution = 0;
   uint64_t timestampMaxValue = 0;
+
+  bool timestampRecorded = false;
 };
 
 struct ur_event_handle_t_ : ur_object {