UPWORK, INC financial data

Symbol
UPWK on Nasdaq
Location
Palo Alto, CA
Fiscal year end
31 December
Latest financial report
10-Q - Q3 2025 - 04 Nov 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 252 % -16.9%
Debt-to-equity 109 % -37.3%
Return On Equity 41.05 % +79.7%
Return On Assets 19.66 % +1.4%
Operating Margin 14.68 % +86.1%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 130,654,883 shares -2.3%
Common Stock, Shares, Outstanding 131,393,994 shares -1.6%
Entity Public Float 1,316,960,538 USD +14%
Common Stock, Value, Issued 13,000 USD 0%
Weighted Average Number of Shares Outstanding, Basic 131,986,901 shares -0.46%
Weighted Average Number of Shares Outstanding, Diluted 139,665,648 shares +0.27%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 780,858,000 USD +2.5%
Research and Development Expense 191,980,000 USD -5%
Selling and Marketing Expense 151,341,000 USD -20.6%
General and Administrative Expense 140,566,000 USD +12.3%
Operating Income (Loss) 114,596,000 USD +90.8%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 137,496,000 USD +56.5%
Income Tax Expense (Benefit) 6,340,000 USD +4.6%
Net Income (Loss) Attributable to Parent 246,957,000 USD +1.9%
Earnings Per Share, Basic 1 USD/shares +1.8%
Earnings Per Share, Diluted 1 USD/shares +1.8%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 260,838,000 USD -9.6%
Marketable Securities, Current 382,259,000 USD +22.2%
Accounts Receivable, after Allowance for Credit Loss, Current 76,433,000 USD +10.1%
Assets, Current 948,951,000 USD +4.9%
Deferred Income Tax Assets, Net 125,065,000 USD
Property, Plant and Equipment, Net 40,373,000 USD +35.1%
Operating Lease, Right-of-Use Asset 5,188,000 USD -19.5%
Goodwill 150,471,000 USD +27.3%
Other Assets, Noncurrent 1,505,000 USD -23.8%
Assets 1,311,209,000 USD +23.4%
Accounts Payable, Current 8,514,000 USD +52%
Employee-related Liabilities, Current 39,435,000 USD +48.2%
Contract with Customer, Liability, Current 7,943,000 USD -9.6%
Liabilities, Current 660,476,000 USD +1.3%
Contract with Customer, Liability, Noncurrent 0 USD -100%
Operating Lease, Liability, Noncurrent 10,131,000 USD +9.9%
Other Liabilities, Noncurrent 12,476,000 USD +33.6%
Liabilities 683,083,000 USD +4.8%
Accumulated Other Comprehensive Income (Loss), Net of Tax 867,000 USD -29.1%
Retained Earnings (Accumulated Deficit) 21,315,000 USD
Stockholders' Equity Attributable to Parent 628,126,000 USD +52.8%
Liabilities and Equity 1,311,209,000 USD +23.4%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 36,965,000 USD +1.5%
Net Cash Provided by (Used in) Financing Activities -13,144,000 USD +79.9%
Net Cash Provided by (Used in) Investing Activities -5,223,000 USD -1.9%
Common Stock, Shares Authorized 490,000,000 shares 0%
Common Stock, Shares, Issued 131,393,994 shares -1.6%
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 18,598,000 USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 476,011,000 USD -6.1%
Interest Paid, Excluding Capitalized Interest, Operating Activities 451,000 USD -1.5%
Deferred Tax Assets, Valuation Allowance 0 USD -100%
Deferred Tax Assets, Gross 132,984,000 USD -6.2%
Operating Lease, Liability 11,191,000 USD -5%
Depreciation 2,500,000 USD 0%
Payments to Acquire Property, Plant, and Equipment 2,472,000 USD +13%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 246,602,000 USD +1.8%
Lessee, Operating Lease, Liability, to be Paid 15,891,000 USD +21%
Property, Plant and Equipment, Gross 91,276,000 USD +14.3%
Operating Lease, Liability, Current 1,660,000 USD -40.2%
Lessee, Operating Lease, Liability, to be Paid, Year Two 2,962,000 USD +25.7%
Lessee, Operating Lease, Liability, to be Paid, Year One 1,879,000 USD -67.8%
Operating Lease, Weighted Average Discount Rate, Percent 0.07 pure +16.9%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 4,700,000 USD +2.5%
Lessee, Operating Lease, Liability, to be Paid, Year Three 3,050,000 USD +76.4%
Deferred Tax Assets, Operating Loss Carryforwards 10,799,000 USD -75.8%
Preferred Stock, Shares Authorized 10,000,000 shares 0%
Unrecognized Tax Benefits 19,966,000 USD +10%
Lessee, Operating Lease, Liability, to be Paid, Year Four 2,735,000 USD +53.6%
Depreciation, Depletion and Amortization 4,861,000 USD +54.5%
Deferred Tax Assets, Net of Valuation Allowance 132,984,000 USD +87.7%
Interest Expense 3,646,000 USD -18.7%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%