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% % -17%
Debt-to-equity 109% % -37%
Return On Equity 41% % 80%
Return On Assets 20% % 135%
Operating Margin 15% % 86%

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 -21%
General and Administrative Expense $140,566,000 USD 12%
Operating Income (Loss) $114,596,000 USD 91%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $137,496,000 USD 56%
Income Tax Expense (Benefit) $6,340,000 USD 463%
Net Income (Loss) Attributable to Parent $246,957,000 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 $260,838,000 USD -9.6%
Marketable Securities, Current $382,259,000 USD 22%
Accounts Receivable, after Allowance for Credit Loss, Current $76,433,000 USD 10%
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%
Operating Lease, Right-of-Use Asset $5,188,000 USD -19%
Goodwill $150,471,000 USD 27%
Other Assets, Noncurrent $1,505,000 USD -24%
Assets $1,311,209,000 USD 23%
Accounts Payable, Current $8,514,000 USD 52%
Employee-related Liabilities, Current $39,435,000 USD 48%
Contract with Customer, Liability, Current $7,943,000 USD -9.6%
Liabilities, Current $660,476,000 USD 132%
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 3356%
Liabilities $683,083,000 USD 4.8%
Accumulated Other Comprehensive Income (Loss), Net of Tax $867,000 USD -29%
Retained Earnings (Accumulated Deficit) $21,315,000 USD
Stockholders' Equity Attributable to Parent $628,126,000 USD 53%
Liabilities and Equity $1,311,209,000 USD 23%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities $36,965,000 USD 150%
Net Cash Provided by (Used in) Financing Activities $13,144,000 USD 80%
Net Cash Provided by (Used in) Investing Activities $5,223,000 USD -185%
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 1297%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $246,602,000 USD 182%
Lessee, Operating Lease, Liability, to be Paid $15,891,000 USD 21%
Property, Plant and Equipment, Gross $91,276,000 USD 14%
Operating Lease, Liability, Current $1,660,000 USD -40%
Lessee, Operating Lease, Liability, to be Paid, Year Two $2,962,000 USD 26%
Lessee, Operating Lease, Liability, to be Paid, Year One $1,879,000 USD -68%
Operating Lease, Weighted Average Discount Rate, Percent 0.07 pure 17%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount $4,700,000 USD 245%
Lessee, Operating Lease, Liability, to be Paid, Year Three $3,050,000 USD 76%
Deferred Tax Assets, Operating Loss Carryforwards $10,799,000 USD -76%
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 54%
Depreciation, Depletion and Amortization $4,861,000 USD 55%
Deferred Tax Assets, Net of Valuation Allowance $132,984,000 USD 8772%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%