Upwork, Inc financial data

Symbol
UPWK on Nasdaq
Location
530 Lytton Avenue, Suite 301, Palo Alto, CA
Fiscal year end
December 31
Latest financial report
10-Q - Q3 2025 - Nov 4, 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 252 % -16.9%
Debt-to-equity 109 % -37.3%
Return On Equity 41.1 % +79.7%
Return On Assets 19.7 % +135%
Operating Margin 14.7 % +86.1%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 131M shares -2.25%
Common Stock, Shares, Outstanding 131M shares -1.58%
Entity Public Float 1.32B USD +14%
Common Stock, Value, Issued 13K USD 0%
Weighted Average Number of Shares Outstanding, Basic 132M shares -0.47%
Weighted Average Number of Shares Outstanding, Diluted 140M shares +0.27%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 781M USD +2.51%
Research and Development Expense 192M USD -4.97%
Selling and Marketing Expense 151M USD -20.6%
General and Administrative Expense 141M USD +12.3%
Operating Income (Loss) 115M USD +90.8%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 137M USD +56.5%
Income Tax Expense (Benefit) 6.34M USD +463%
Net Income (Loss) Attributable to Parent 247M USD +188%
Earnings Per Share, Basic 1 USD/shares +183%
Earnings Per Share, Diluted 1 USD/shares +181%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 261M USD -9.58%
Marketable Securities, Current 382M USD +22.2%
Accounts Receivable, after Allowance for Credit Loss, Current 76.4M USD +10.1%
Assets, Current 949M USD +4.94%
Deferred Income Tax Assets, Net 125M USD
Property, Plant and Equipment, Net 40.4M USD +35.1%
Operating Lease, Right-of-Use Asset 5.19M USD -19.5%
Goodwill 150M USD +27.3%
Other Assets, Noncurrent 1.51M USD -23.8%
Assets 1.31B USD +23.4%
Accounts Payable, Current 8.51M USD +52%
Employee-related Liabilities, Current 39.4M USD +48.2%
Contract with Customer, Liability, Current 7.94M USD -9.55%
Liabilities, Current 660M USD +132%
Contract with Customer, Liability, Noncurrent 0 USD -100%
Operating Lease, Liability, Noncurrent 10.1M USD +9.88%
Other Liabilities, Noncurrent 12.5M USD +3356%
Liabilities 683M USD +4.85%
Accumulated Other Comprehensive Income (Loss), Net of Tax 867K USD -29.1%
Retained Earnings (Accumulated Deficit) 21.3M USD
Stockholders' Equity Attributable to Parent 628M USD +52.8%
Liabilities and Equity 1.31B USD +23.4%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 37M USD +150%
Net Cash Provided by (Used in) Financing Activities -13.1M USD +79.9%
Net Cash Provided by (Used in) Investing Activities -5.22M USD -185%
Common Stock, Shares Authorized 490M shares 0%
Common Stock, Shares, Issued 131M shares -1.58%
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 18.6M USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 476M USD -6.09%
Interest Paid, Excluding Capitalized Interest, Operating Activities 451K USD -1.53%
Deferred Tax Assets, Valuation Allowance 0 USD -100%
Deferred Tax Assets, Gross 133M USD -6.24%
Operating Lease, Liability 11.2M USD -4.96%
Depreciation 2.5M USD 0%
Payments to Acquire Property, Plant, and Equipment 2.47M USD +1297%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 247M USD +182%
Lessee, Operating Lease, Liability, to be Paid 15.9M USD +21%
Property, Plant and Equipment, Gross 91.3M USD +14.3%
Operating Lease, Liability, Current 1.66M USD -40.2%
Lessee, Operating Lease, Liability, to be Paid, Year Two 2.96M USD +25.7%
Lessee, Operating Lease, Liability, to be Paid, Year One 1.88M USD -67.8%
Operating Lease, Weighted Average Discount Rate, Percent 0.07 pure +16.9%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 4.7M USD +245%
Lessee, Operating Lease, Liability, to be Paid, Year Three 3.05M USD +76.4%
Deferred Tax Assets, Operating Loss Carryforwards 10.8M USD -75.8%
Preferred Stock, Shares Authorized 10M shares 0%
Unrecognized Tax Benefits 20M USD +9.96%
Lessee, Operating Lease, Liability, to be Paid, Year Four 2.74M USD +53.6%
Depreciation, Depletion and Amortization 4.86M USD +54.5%
Deferred Tax Assets, Net of Valuation Allowance 133M USD +8772%
Interest Expense 3.65M USD -18.7%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%