UPWORK, INC financial data

Symbol
UPWK on Nasdaq
Location
Palo Alto, CA
Fiscal year end
31 December
Latest financial report
10-K - Q4 2025 - 13 Feb 2026

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 203% % -35%
Debt-to-equity 108% % -29%
Return On Equity 19% % -63%
Return On Assets 9% % -55%
Operating Margin 16% % 94%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 130,380,213 shares -3.8%
Common Stock, Shares, Outstanding 130,545,236 shares -3.5%
Entity Public Float $1,657,936,950 USD 26%
Common Stock, Value, Issued $13,000 USD -7.1%
Weighted Average Number of Shares Outstanding, Basic 132,485,498 shares -0.85%
Weighted Average Number of Shares Outstanding, Diluted 140,659,603 shares -1.7%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax $787,784,000 USD 2.4%
Research and Development Expense $185,544,000 USD -11%
Selling and Marketing Expense $143,412,000 USD -23%
General and Administrative Expense $146,629,000 USD 14%
Operating Income (Loss) $129,307,000 USD 98%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $153,176,000 USD 69%
Income Tax Expense (Benefit) $6,340,000 USD 463%
Net Income (Loss) Attributable to Parent $115,425,000 USD -46%
Earnings Per Share, Basic 0.87 USD/shares -46%
Earnings Per Share, Diluted 0.84 USD/shares -45%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value $294,356,000 USD -3.7%
Marketable Securities, Current $378,425,000 USD 20%
Accounts Receivable, after Allowance for Credit Loss, Current $76,236,000 USD 0.99%
Assets, Current $950,833,000 USD 4.4%
Deferred Income Tax Assets, Net $111,495,000 USD -13%
Property, Plant and Equipment, Net $44,421,000 USD 48%
Operating Lease, Right-of-Use Asset $5,011,000 USD -13%
Goodwill $149,192,000 USD 23%
Other Assets, Noncurrent $1,467,000 USD -24%
Assets $1,299,580,000 USD 7.3%
Accounts Payable, Current $7,858,000 USD 28%
Employee-related Liabilities, Current $51,858,000 USD 69%
Contract with Customer, Liability, Current $7,765,000 USD 6.8%
Liabilities, Current $650,168,000 USD 142%
Operating Lease, Liability, Noncurrent $9,707,000 USD 1.5%
Other Liabilities, Noncurrent $9,390,000 USD 2949%
Liabilities $669,265,000 USD 5.2%
Accumulated Other Comprehensive Income (Loss), Net of Tax $754,000 USD 186%
Retained Earnings (Accumulated Deficit) $36,949,000 USD
Stockholders' Equity Attributable to Parent $630,315,000 USD 9.5%
Liabilities and Equity $1,299,580,000 USD 7.3%

Popular Metrics

Label TTM Value / Value Unit Change %
Common Stock, Shares Authorized 490,000,000 shares 0%
Common Stock, Shares, Issued 130,545,236 shares -3.5%
Common Stock, Par or Stated Value Per Share 0.0001 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $478,908,000 USD -5.3%
Deferred Tax Assets, Valuation Allowance $15,911,000 USD
Deferred Tax Assets, Gross $133,320,000 USD 0.25%
Operating Lease, Liability $11,379,000 USD 1.7%
Depreciation $2,200,000 USD -24%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $115,915,000 USD -46%
Lessee, Operating Lease, Liability, to be Paid $14,012,000 USD -12%
Property, Plant and Equipment, Gross $99,922,000 USD 34%
Operating Lease, Liability, Current $1,672,000 USD 3%
Lessee, Operating Lease, Liability, to be Paid, Year Two $3,050,000 USD 3%
Lessee, Operating Lease, Liability, to be Paid, Year One $2,962,000 USD 58%
Operating Lease, Weighted Average Discount Rate, Percent 0.066 pure -5.7%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount $2,633,000 USD -44%
Lessee, Operating Lease, Liability, to be Paid, Year Three $2,735,000 USD -10%
Deferred Tax Assets, Operating Loss Carryforwards $7,035,000 USD -35%
Preferred Stock, Shares Authorized 10,000,000 shares 0%
Unrecognized Tax Benefits $22,754,000 USD 14%
Lessee, Operating Lease, Liability, to be Paid, Year Four $1,347,000 USD -51%
Deferred Tax Assets, Net of Valuation Allowance $117,409,000 USD -12%
Preferred Stock, Par or Stated Value Per Share 0.0001 USD/shares 0%