Upwork, Inc financial data

Symbol
UPWK on Nasdaq
Location
530 Lytton Avenue, Suite 301, Palo Alto, CA
State of incorporation
DE
Fiscal year end
December 31
Latest financial report
10-Q - Q2 2024 - Aug 7, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 303 % -10.1%
Debt-to-equity 180 % -33.2%
Return On Equity 20.8 %
Return On Assets 7.42 %
Operating Margin 6.82 %

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 132M shares -2.13%
Common Stock, Shares, Outstanding 132M shares -2.13%
Entity Public Float 1.16B USD -53.3%
Common Stock, Value, Issued 13K USD 0%
Weighted Average Number of Shares Outstanding, Basic 131M shares -2.02%
Weighted Average Number of Shares Outstanding, Diluted 138M shares +3.08%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 744M USD +14.5%
Research and Development Expense 195M USD +15.9%
Selling and Marketing Expense 192M USD -23.3%
General and Administrative Expense 123M USD +2.36%
Operating Income (Loss) 50.7M USD
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 76.2M USD
Income Tax Expense (Benefit) 1.85M USD -41%
Net Income (Loss) Attributable to Parent 74.4M USD
Earnings Per Share, Basic 0.56 USD/shares
Earnings Per Share, Diluted 0.54 USD/shares

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 183M USD +18.6%
Marketable Securities, Current 315M USD -13.1%
Accounts Receivable, after Allowance for Credit Loss, Current 117M USD +75.7%
Assets, Current 856M USD +9.7%
Property, Plant and Equipment, Net 28.1M USD +13.2%
Operating Lease, Right-of-Use Asset 2.63M USD -56.2%
Goodwill 118M USD 0%
Other Assets, Noncurrent 1.65M USD +12.1%
Assets 1.01B USD +8.38%
Accounts Payable, Current 5.86M USD +40.3%
Employee-related Liabilities, Current 18.6M USD +65%
Contract with Customer, Liability, Current 10.8M USD -55.3%
Liabilities, Current 285M USD +11.9%
Contract with Customer, Liability, Noncurrent 4M USD -21.9%
Operating Lease, Liability, Noncurrent 4.84M USD -41.2%
Other Liabilities, Noncurrent 528K USD -90.5%
Liabilities 647M USD +3.82%
Accumulated Other Comprehensive Income (Loss), Net of Tax -529K USD +38.8%
Retained Earnings (Accumulated Deficit) -253M USD +22.7%
Stockholders' Equity Attributable to Parent 361M USD +17.7%
Liabilities and Equity 1.01B USD +8.38%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 5.66M USD
Net Cash Provided by (Used in) Financing Activities -56.2M USD +63%
Net Cash Provided by (Used in) Investing Activities 6.14M USD -96%
Common Stock, Shares Authorized 490M shares 0%
Common Stock, Shares, Issued 132M shares -2.13%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -44.4M USD -417%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 406M USD +20.7%
Interest Paid, Excluding Capitalized Interest, Operating Activities 458K USD -43.5%
Deferred Tax Assets, Valuation Allowance 140M USD -10.8%
Deferred Tax Assets, Gross 142M USD -11.3%
Operating Lease, Liability 11.8M USD -33.4%
Depreciation 2.5M USD -21.9%
Payments to Acquire Property, Plant, and Equipment 177K USD +12%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 74.7M USD
Lessee, Operating Lease, Liability, to be Paid 13.1M USD -34%
Property, Plant and Equipment, Gross 75.1M USD +22.1%
Operating Lease, Liability, Current 3.81M USD -67%
Lessee, Operating Lease, Liability, to be Paid, Year Two 2.36M USD -59.7%
Lessee, Operating Lease, Liability, to be Paid, Year One 5.84M USD -13.8%
Operating Lease, Weighted Average Discount Rate, Percent 0.06 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 1.36M USD -39.1%
Lessee, Operating Lease, Liability, to be Paid, Year Three 1.73M USD -26.6%
Deferred Tax Assets, Operating Loss Carryforwards 44.6M USD -44.5%
Preferred Stock, Shares Authorized 10M shares 0%
Unrecognized Tax Benefits 18.2M USD +9.56%
Lessee, Operating Lease, Liability, to be Paid, Year Four 1.78M USD +3.01%
Deferred Tax Assets, Net of Valuation Allowance 1.5M USD -40.1%
Interest Expense 3.65M USD -18.7%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%