Upwork Inc. (UPWK)
NASDAQ: UPWK · Real-Time Price · USD
9.68
+0.14 (1.47%)
At close: Aug 4, 2026, 4:00 PM EDT
9.63
-0.05 (-0.52%)
After-hours: Aug 4, 2026, 7:53 PM EDT
Upwork Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Assets
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash & Equivalents | 328.4 | 294.36 | 305.76 | 79.64 | 129.38 | 187.21 |
Short-Term Investments | 251.33 | 378.43 | 316.34 | 470.46 | 557.23 | 497.57 |
Cash & Short-Term Investments | 579.73 | 672.78 | 622.1 | 550.1 | 686.61 | 684.77 |
Cash Growth | -6.80% | 8.15% | 13.09% | -19.88% | 0.27% | 303.63% |
Accounts Receivable | 75.91 | 76.24 | 75.49 | 103.06 | 64.89 | 66.83 |
Other Current Assets | 227.66 | 201.82 | 213.46 | 230.21 | 179.4 | 178.06 |
Total Current Assets | 883.3 | 950.83 | 911.05 | 883.37 | 930.91 | 929.65 |
Net Property, Plant & Equipment | 61.93 | 49.43 | 35.81 | 31.47 | 29.67 | 32.01 |
Other Intangible Assets | 34.23 | 37.16 | 12.99 | 3.05 | - | - |
Goodwill | 149.19 | 149.19 | 121.06 | 118.22 | 118.22 | 118.22 |
Other Long-Term Assets | 113.29 | 112.96 | 130.7 | 1.43 | 1.45 | 1.18 |
Total Assets | 1,242 | 1,300 | 1,212 | 1,038 | 1,080 | 1,081 |
Liabilities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Accounts Payable | 11.09 | 7.86 | 6.13 | 5.06 | 7.55 | 5 |
Accrued Expenses | 63.99 | 94.02 | 59.3 | 58.19 | 53.61 | 45.74 |
Short-Term Debt | 360.23 | 359.77 | - | - | - | - |
Unearned Revenue | 8.2 | 7.77 | 7.27 | 17.36 | 25.08 | 22.08 |
Other Current Liabilities | 203.69 | 180.75 | 195.74 | 212.39 | 161.46 | 160.81 |
Total Current Liabilities | 647.2 | 650.17 | 268.43 | 293 | 247.69 | 233.63 |
Long-Term Debt | - | - | 357.93 | 356.09 | 564.26 | 561.3 |
Long-Term Leases | 15.2 | 9.71 | 9.57 | 6.09 | 11.18 | 16.75 |
Other Long-Term Liabilities | 9.93 | 9.39 | 0.31 | 1.29 | 8.24 | 9.86 |
Total Long-Term Liabilities | 25.12 | 19.1 | 367.8 | 363.46 | 583.67 | 587.91 |
Total Liabilities | 672.33 | 669.27 | 636.24 | 656.47 | 831.37 | 821.54 |
Shareholders' Equity
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Common Stock | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Additional Paid-in Capital | 501.07 | 592.6 | 653.58 | 674.92 | 592.9 | 511.1 |
Accumulated Other Comprehensive Income | 0.14 | 0.75 | 0.26 | 0.21 | -3.09 | -0.53 |
Retained Earnings | 68.41 | 36.95 | -78.48 | -294.06 | -340.95 | -251.06 |
Shareholders' Equity | 569.63 | 630.32 | 575.38 | 381.08 | 248.88 | 259.52 |
Total Liabilities & Equity | 1,242 | 1,300 | 1,212 | 1,038 | 1,080 | 1,081 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Total Debt | 375.43 | 369.48 | 367.5 | 362.18 | 575.44 | 578.05 |
Net Cash (Debt) | 204.31 | 303.3 | 254.61 | 187.92 | 111.18 | 106.72 |
Net Cash Growth | -19.34% | 19.13% | 35.48% | 69.03% | 4.18% | -22.90% |
Net Cash Per Share | 1.47 | 2.16 | 1.78 | 1.37 | 0.85 | 0.84 |
Book Value | 569.63 | 630.32 | 575.38 | 381.08 | 248.88 | 259.52 |
Book Value Per Share | 4.11 | 4.48 | 4.02 | 2.78 | 1.91 | 2.04 |
Tangible Book Value | 386.2 | 443.96 | 441.32 | 259.81 | 130.66 | 141.3 |
Tangible Book Value Per Share | 2.78 | 3.16 | 3.08 | 1.89 | 1.00 | 1.11 |