Upwork Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2017 - 2019
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2017 - 2019
Cash & Equivalents	291.07	305.76	79.64	129.38	187.21	94.08	Upgrade
Short-Term Investments	343.51	316.34	470.46	557.23	497.57	75.57	Upgrade
Cash & Short-Term Investments	634.58	622.1	550.1	686.61	684.77	169.65	Upgrade
Cash Growth	29.35%	13.09%	-19.88%	0.27%	303.63%	26.72%	Upgrade
Accounts Receivable	71.23	75.49	103.06	64.89	66.83	47.02	Upgrade
Other Current Assets	233.17	213.46	230.21	179.4	178.06	144.13	Upgrade
Total Current Assets	938.98	911.05	883.37	930.91	929.65	360.8	Upgrade
Net Property, Plant & Equipment	43.48	35.81	31.47	29.67	32.01	47.87	Upgrade
Other Intangible Assets	9.53	12.99	3.05	-	-	0.67	Upgrade
Goodwill	141.47	121.06	118.22	118.22	118.22	118.22	Upgrade
Other Long-Term Assets	128.26	130.7	1.43	1.45	1.18	1.67	Upgrade
Total Assets	1,262	1,212	1,038	1,080	1,081	529.23	Upgrade
Accounts Payable	1.03	6.13	5.06	7.55	5	6.46	Upgrade
Accrued Expenses	58.76	59.3	58.19	53.61	45.74	32.87	Upgrade
Short-Term Debt	-	-	-	-	-	7.58	Upgrade
Unearned Revenue	7.8	7.27	17.36	25.08	22.08	16.8	Upgrade
Other Current Liabilities	212.03	195.74	212.39	161.46	160.81	135.04	Upgrade
Total Current Liabilities	279.62	268.43	293	247.69	233.63	198.75	Upgrade
Long-Term Debt	358.85	357.93	356.09	564.26	561.3	3.14	Upgrade
Long-Term Leases	10.35	9.57	6.09	11.18	16.75	20.51	Upgrade
Other Long-Term Liabilities	4.24	0.31	1.29	8.24	9.86	7.52	Upgrade
Total Long-Term Liabilities	373.44	367.8	363.46	583.67	587.91	31.17	Upgrade
Total Liabilities	653.06	636.24	656.47	831.37	821.54	229.92	Upgrade
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01	Upgrade
Additional Paid-in Capital	615.94	653.58	674.92	592.9	511.1	494.12	Upgrade
Accumulated Other Comprehensive Income	0.72	0.26	0.21	-3.09	-0.53	-	Upgrade
Retained Earnings	-8.02	-78.48	-294.06	-340.95	-251.06	-194.82	Upgrade
Shareholders' Equity	608.65	575.38	381.08	248.88	259.52	299.31	Upgrade
Total Liabilities & Equity	1,262	1,212	1,038	1,080	1,081	529.23	Upgrade
Total Debt	369.2	367.5	362.18	575.44	578.05	31.23	Upgrade
Net Cash (Debt)	265.38	254.61	187.92	111.18	106.72	138.42	Upgrade
Net Cash Growth	4.23%	35.48%	69.03%	4.18%	-22.90%	46.63%	Upgrade
Net Cash Per Share	-	1.78	1.37	0.85	0.84	1.17	Upgrade
Book Value	608.65	575.38	381.08	248.88	259.52	299.31	Upgrade
Book Value Per Share	-	4.02	2.78	1.91	2.04	2.52	Upgrade
Tangible Book Value	457.66	441.32	259.81	130.66	141.3	180.42	Upgrade
Tangible Book Value Per Share	-	3.08	1.89	1.00	1.11	1.52	Upgrade

Updated Jun 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.