Upwork Inc. (BMV:UPWK)

Upwork Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	291.07	305.76	79.64	129.38	187.21	94.08
Short-Term Investments	343.51	316.34	470.46	557.23	497.57	75.57
Cash & Short-Term Investments	634.58	622.1	550.1	686.61	684.77	169.65
Cash Growth	27.49%	13.09%	-19.88%	0.27%	303.63%	26.72%
Receivables	71.23	75.49	103.06	64.89	66.83	47.02
Prepaid Expenses	21.14	14.13	14.23	14.35	14.04	6.79
Restricted Cash	-	3.6	3.6	3.6	3.2	2.3
Other Current Assets	212.03	195.74	212.39	161.46	160.81	135.04
Total Current Assets	938.98	911.05	883.37	930.91	929.65	360.8
Property, Plant & Equipment	43.48	35.81	31.47	29.67	32.01	47.87
Goodwill	141.47	121.06	118.22	118.22	118.22	118.22
Other Intangible Assets	9.53	12.99	3.05	-	-	0.67
Long-Term Deferred Tax Assets	126.72	128.78	-	-	-	-
Other Long-Term Assets	1.54	1.92	1.43	1.45	1.18	1.67
Total Assets	1,262	1,212	1,038	1,080	1,081	529.23
Accounts Payable	1.03	6.13	5.06	7.55	5	6.46
Accrued Expenses	56.29	56.82	54.99	44.98	38.41	28.94
Current Portion of Long-Term Debt	-	-	-	-	-	7.58
Current Portion of Leases	1.65	1.62	2.09	6.5	6.32	3.73
Current Unearned Revenue	7.8	7.27	17.36	25.08	22.08	16.8
Other Current Liabilities	212.86	196.59	213.5	163.59	161.83	135.24
Total Current Liabilities	279.62	268.43	293	247.69	233.63	198.75
Long-Term Debt	358.85	357.93	356.09	564.26	561.3	3.14
Long-Term Leases	10.35	9.57	6.09	11.18	16.75	20.51
Long-Term Unearned Revenue	-	-	0.79	7.61	6.35	4.18
Other Long-Term Liabilities	4.24	0.31	0.5	0.62	3.51	3.35
Total Liabilities	653.06	636.24	656.47	831.37	821.54	229.92
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	615.94	653.58	674.92	592.9	511.1	494.12
Retained Earnings	-8.02	-78.48	-294.06	-340.95	-251.06	-194.82
Comprehensive Income & Other	0.72	0.26	0.21	-3.09	-0.53	-
Total Common Equity	608.65	575.38	381.08	248.88	259.52	299.31
Shareholders' Equity	608.65	575.38	381.08	248.88	259.52	299.31
Total Liabilities & Equity	1,262	1,212	1,038	1,080	1,081	529.23
Total Debt	370.85	369.12	364.27	581.94	584.37	34.95
Net Cash (Debt)	263.73	252.98	185.83	104.67	100.4	134.7
Net Cash Growth	99.66%	36.13%	77.53%	4.25%	-25.46%	47.71%
Net Cash Per Share	1.84	1.77	1.35	0.80	0.79	1.13
Filing Date Shares Outstanding	132.61	135.46	137.39	132.48	129.22	124.96
Total Common Shares Outstanding	132.51	135.35	137.27	132.37	129.13	124.8
Working Capital	659.36	642.62	590.37	683.21	696.02	162.05
Book Value Per Share	4.59	4.25	2.78	1.88	2.01	2.40
Tangible Book Value	457.66	441.32	259.81	130.66	141.3	180.42
Tangible Book Value Per Share	3.45	3.26	1.89	0.99	1.09	1.45
Machinery	7.98	8.57	9.35	9.99	8.86	8.17
Leasehold Improvements	7.52	6.03	11.64	11.64	11.64	14.61

Source: S&P Global Market Intelligence. Standard template. Financial Sources.