Upwork Inc. (UPWK)
NASDAQ: UPWK · Real-Time Price · USD
9.87
-0.15 (-1.55%)
Nov 9, 2026, 2:39 PM EST - Market open
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 | Sep '26 Sep 30, 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 | 227.99 | 294.36 | 305.76 | 79.64 | 129.38 | 187.21 |
Short-Term Investments | 76.35 | 378.43 | 316.34 | 470.46 | 557.23 | 497.57 |
Cash & Short-Term Investments | 304.33 | 672.78 | 622.1 | 550.1 | 686.61 | 684.77 |
Cash Growth | -52.68% | 8.15% | 13.09% | -19.88% | 0.27% | 303.63% |
Receivables | 79.32 | 76.24 | 75.49 | 103.06 | 64.89 | 66.83 |
Prepaid Expenses | 19.65 | 17.46 | 14.13 | 14.23 | 14.35 | 14.04 |
Restricted Cash | - | 3.6 | 3.6 | 3.6 | 3.6 | 3.2 |
Other Current Assets | 164.61 | 180.75 | 195.74 | 212.39 | 161.46 | 160.81 |
Total Current Assets | 567.9 | 950.83 | 911.05 | 883.37 | 930.91 | 929.65 |
Property, Plant & Equipment | 73.4 | 49.43 | 35.81 | 31.47 | 29.67 | 32.01 |
Goodwill | 149.19 | 149.19 | 121.06 | 118.22 | 118.22 | 118.22 |
Other Intangible Assets | 28.39 | 37.16 | 12.99 | 3.05 | - | - |
Long-Term Deferred Tax Assets | 108.31 | 111.5 | 128.78 | - | - | - |
Other Long-Term Assets | 3.91 | 1.47 | 1.92 | 1.43 | 1.45 | 1.18 |
Total Assets | 931.1 | 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 | Sep '26 Sep 30, 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 | 9.34 | 7.86 | 6.13 | 5.06 | 7.55 | 5 |
Accrued Expenses | 64.33 | 90.86 | 56.82 | 54.99 | 44.98 | 38.41 |
Current Portion of Long-Term Debt | - | 359.77 | - | - | - | - |
Current Portion of Leases | 4.51 | 1.67 | 1.62 | 2.09 | 6.5 | 6.32 |
Current Unearned Revenue | 8.62 | 7.77 | 7.27 | 17.36 | 25.08 | 22.08 |
Other Current Liabilities | 165.5 | 182.25 | 196.59 | 213.5 | 163.59 | 161.83 |
Total Current Liabilities | 252.29 | 650.17 | 268.43 | 293 | 247.69 | 233.63 |
Long-Term Debt | - | - | 357.93 | 356.09 | 564.26 | 561.3 |
Long-Term Leases | 13.51 | 9.71 | 9.57 | 6.09 | 11.18 | 16.75 |
Long-Term Unearned Revenue | - | - | - | 0.79 | 7.61 | 6.35 |
Other Long-Term Liabilities | 11.27 | 9.39 | 0.31 | 0.5 | 0.62 | 3.51 |
Total Liabilities | 277.07 | 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 | Sep '26 Sep 30, 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 | 528.63 | 592.6 | 653.58 | 674.92 | 592.9 | 511.1 |
Retained Earnings | 125.62 | 36.95 | -78.48 | -294.06 | -340.95 | -251.06 |
Comprehensive Income & Other | -0.25 | 0.75 | 0.26 | 0.21 | -3.09 | -0.53 |
Total Common Equity | 654.03 | 630.32 | 575.38 | 381.08 | 248.88 | 259.52 |
Shareholders' Equity | 654.03 | 630.32 | 575.38 | 381.08 | 248.88 | 259.52 |
Total Liabilities & Equity | 931.1 | 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 | Sep '26 Sep 30, 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 | 18.02 | 371.15 | 369.12 | 364.27 | 581.94 | 584.37 |
Net Cash (Debt) | 286.31 | 301.63 | 252.98 | 185.83 | 104.67 | 100.4 |
Net Cash Growth | 5.26% | 19.23% | 36.13% | 77.53% | 4.25% | -25.46% |
Net Cash Per Share | 2.14 | 2.14 | 1.77 | 1.35 | 0.80 | 0.79 |
Filing Date Shares Outstanding | 125.78 | 130.38 | 135.46 | 137.39 | 132.48 | 129.22 |
Total Common Shares Outstanding | 125.69 | 130.55 | 135.35 | 137.27 | 132.37 | 129.13 |
Working Capital | 315.62 | 300.67 | 642.62 | 590.37 | 683.21 | 696.02 |
Book Value Per Share | 5.20 | 4.83 | 4.25 | 2.78 | 1.88 | 2.01 |
Tangible Book Value | 476.45 | 443.96 | 441.32 | 259.81 | 130.66 | 141.3 |
Tangible Book Value Per Share | 3.79 | 3.40 | 3.26 | 1.89 | 0.99 | 1.09 |
Machinery | 9.66 | 8.71 | 8.57 | 9.35 | 9.99 | 8.86 |
Leasehold Improvements | 13.98 | 7.76 | 6.03 | 11.64 | 11.64 | 11.64 |