Upwork Inc. (UPWK)

Upwork Balance Sheet

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

Assets

Fiscal Quarter	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021
Period Ending	Sep 30, 2026	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021
Cash & Equivalents	227.99	476.04	328.4	294.36	260.84	291.07	304.45	305.76	288.46	182.8	24.67	79.64	146.83	154.11	101.99	129.38	156.42	135.37	121.17	187.21
Short-Term Investments	76.35	138.2	251.33	378.43	382.26	343.51	317.62	316.34	312.72	314.94	465.94	470.46	408.42	362.56	407.64	557.23	519.38	532.26	551.78	497.57
Cash & Short-Term Investments	304.33	614.24	579.73	672.78	643.1	634.58	622.07	622.1	601.18	497.74	490.61	550.1	555.24	516.67	509.63	686.61	675.81	667.63	672.96	684.77
Cash Growth (YoY)	-52.68%	-3.20%	-6.80%	8.15%	6.97%	27.49%	26.80%	13.09%	8.27%	-3.66%	-3.73%	-19.88%	-17.84%	-22.61%	-24.27%	0.27%	-3.02%	287.17%	296.25%	303.63%
Receivables	79.32	76.46	75.91	76.24	76.43	71.23	77.92	75.49	69.45	116.52	114.4	103.06	60.26	66.31	59.29	64.89	67.07	69.86	62.05	66.83
Prepaid Expenses	19.65	25.02	23.97	17.46	18.05	21.14	22.09	14.13	19.36	22.74	20.07	14.23	16.54	19.4	19.48	14.35	16.86	18.37	18.15	14.04
Restricted Cash	-	-	-	3.6	-	-	-	3.6	-	-	-	3.6	-	-	-	3.6	-	-	-	3.2
Other Current Assets	164.61	193.27	203.69	180.75	211.37	212.03	215.94	195.74	214.3	218.66	222.94	212.39	177.97	177.66	179.42	161.46	169.97	188.45	196.38	160.81
Total Current Assets	567.9	908.99	883.3	950.83	948.95	938.98	938.01	911.05	904.29	855.67	848.02	883.37	810.01	780.03	767.82	930.91	929.7	944.31	949.53	929.65
Property, Plant & Equipment	73.4	70.82	61.93	49.43	45.56	43.48	40.48	35.81	36.32	30.78	30.61	31.47	31.83	30.86	29.91	29.67	29.87	29.99	30.86	32.01
Goodwill	149.19	149.19	149.19	149.19	150.47	141.47	121.06	121.06	118.22	118.22	118.22	118.22	118.22	118.22	118.22	118.22	118.22	118.22	118.22	118.22
Other Intangible Assets	28.39	31.32	34.23	37.16	39.66	9.53	11.17	12.99	1.86	2.26	2.66	3.05	-	-	-	-	-	-	-	-
Long-Term Deferred Tax Assets	108.31	109.86	111.4	111.5	125.07	126.72	127.76	128.78	-	-	-	-	-	-	-	-	-	-	-	-
Other Long-Term Assets	3.91	4.22	1.89	1.47	1.51	1.54	1.58	1.92	1.97	1.65	1.31	1.43	1.38	1.47	2.12	1.45	1.43	1.5	1.66	1.18
Total Assets	931.1	1,274	1,242	1,300	1,311	1,262	1,240	1,212	1,063	1,009	1,001	1,038	961.44	930.57	918.07	1,080	1,079	1,094	1,100	1,081

Liabilities

Fiscal Quarter	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021
Period Ending	Sep 30, 2026	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021
Accounts Payable	9.34	7.03	11.09	7.86	8.51	1.03	4.12	6.13	5.6	5.86	5.92	5.06	1.75	4.18	4.25	7.55	5.35	5.28	10.33	5
Accrued Expenses	64.33	63.05	58.77	90.86	70.45	56.29	44.87	56.82	52.32	45.15	41.13	54.99	44.49	40.39	39.24	44.98	43.8	37.79	25.9	38.41
Current Portion of Long-Term Debt	-	360.69	360.23	359.77	359.31	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current Portion of Leases	4.51	4.35	4.05	1.67	1.66	1.65	1.64	1.62	2.78	3.81	4.92	2.09	6.37	6.59	6.55	6.5	6.46	6.41	6.36	6.32
Current Unearned Revenue	8.62	8.58	8.2	7.77	7.94	7.8	7.5	7.27	8.78	10.77	13.96	17.36	21.24	24.08	25.56	25.08	24.91	23.98	23.55	22.08
Other Current Liabilities	165.5	194.56	204.86	182.25	212.6	212.86	216.58	196.59	214.97	219.51	223.58	213.5	179.22	179.49	181.23	163.59	171.49	189.92	197.14	161.83
Total Current Liabilities	252.29	638.25	647.2	650.17	660.48	279.62	274.7	268.43	284.44	285.1	289.49	293	253.07	254.73	256.82	247.69	252.01	263.39	263.29	233.63
Long-Term Debt	-	-	-	-	-	358.85	358.39	357.93	357.47	357.01	356.55	356.09	355.63	355.17	354.71	564.26	563.52	562.78	562.04	561.3
Long-Term Leases	13.51	14.37	15.2	9.71	10.13	10.35	10.39	9.57	9.22	4.84	5.31	6.09	6.93	8.22	9.71	11.18	12.62	14.04	15.41	16.75
Long-Term Unearned Revenue	-	-	-	-	-	-	-	-	-	0	0.09	0.79	2.45	5.12	7.38	7.61	7.81	6.73	6.55	6.35
Other Long-Term Liabilities	11.27	10.52	9.93	9.39	12.48	4.24	2.25	0.31	0.36	0.52	0.51	0.5	0.43	0.42	0.49	0.62	0.69	0.76	3.64	3.51
Total Liabilities	277.07	663.14	672.33	669.27	683.08	653.06	645.72	636.24	651.49	647.47	651.94	656.47	618.5	623.65	629.11	831.37	836.64	847.7	850.93	821.54

Shareholders' Equity

Fiscal Quarter	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021
Period Ending	Sep 30, 2026	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	528.63	517.48	501.07	592.6	605.93	615.94	634.53	653.58	635.58	615.01	627.01	674.92	654.75	635.55	613.89	592.9	571.64	550.71	528.52	511.1
Retained Earnings	125.62	93.81	68.41	36.95	21.32	-8.02	-40.75	-78.48	-225.64	-253.4	-275.62	-294.06	-311.44	-327.77	-323.78	-340.95	-324.45	-299.62	-275.8	-251.06
Treasury Stock	-	-	-	-	-	-	-	-	-	-	-2.14	-	-	-	-	-	-	-	-	-
Comprehensive Income & Other	-0.25	-0.04	0.14	0.75	0.87	0.72	0.55	0.26	1.22	-0.53	-0.39	0.21	-0.39	-0.87	-1.16	-3.09	-4.62	-4.78	-3.38	-0.53
Total Common Equity	654.03	611.27	569.63	630.32	628.13	608.65	594.34	575.38	411.17	361.1	348.88	381.08	342.94	306.92	288.96	248.88	242.58	246.32	249.35	259.52
Shareholders' Equity	654.03	611.27	569.63	630.32	628.13	608.65	594.34	575.38	411.17	361.1	348.88	381.08	342.94	306.92	288.96	248.88	242.58	246.32	249.35	259.52
Total Liabilities & Equity	931.1	1,274	1,242	1,300	1,311	1,262	1,240	1,212	1,063	1,009	1,001	1,038	961.44	930.57	918.07	1,080	1,079	1,094	1,100	1,081

Additional Metrics

Fiscal Quarter	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021
Period Ending	Sep 30, 2026	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021
Total Debt	18.02	379.41	379.48	371.15	371.1	370.85	370.41	369.12	369.46	365.66	366.77	364.27	368.93	369.98	370.97	581.94	582.59	583.23	583.82	584.37
Net Cash (Debt)	286.31	234.84	200.26	301.63	272	263.73	251.66	252.98	231.72	132.09	123.83	185.83	186.31	146.69	138.66	104.67	93.21	84.39	89.14	100.4
Net Cash Growth (YoY)	5.26%	-10.96%	-20.42%	19.23%	17.38%	99.66%	103.22%	36.13%	24.37%	-9.95%	-10.70%	77.53%	99.88%	73.81%	55.56%	4.25%	-16.73%	-40.61%	-35.01%	-25.46%
Net Cash Per Share	2.23	1.81	1.48	2.16	1.95	1.88	1.76	1.77	1.66	0.96	0.86	1.29	1.36	1.09	1.02	0.79	0.71	0.65	0.69	0.78
Filing Date Shares Outstanding	125.78	124.8	123.52	130.38	130.65	132.61	131.59	135.46	133.67	132.01	132.94	137.39	136.11	134.88	133.46	132.48	131.34	130.53	129.65	129.22
Total Common Shares Outstanding	125.69	135.35	123.57	130.55	131.39	132.51	134.05	135.35	133.5	132.01	132.94	137.27	136.11	134.88	133.46	132.37	131.34	130.53	129.65	129.13
Working Capital	315.62	270.74	236.1	300.67	288.48	659.36	663.32	642.62	619.85	570.57	558.53	590.37	556.95	525.3	511	683.21	677.69	680.92	686.25	696.02
Book Value Per Share	5.20	4.52	4.61	4.83	4.78	4.59	4.43	4.25	3.08	2.74	2.62	2.78	2.52	2.28	2.17	1.88	1.85	1.89	1.92	2.01
Tangible Book Value	476.45	430.76	386.2	443.96	438	457.66	462.1	441.32	291.09	240.62	228	259.81	224.72	188.7	170.74	130.66	124.36	128.1	131.13	141.3
Tangible Book Value Per Share	3.79	3.18	3.13	3.40	3.33	3.45	3.45	3.26	2.18	1.82	1.72	1.89	1.65	1.40	1.28	0.99	0.95	0.98	1.01	1.09
Machinery	9.66	9.78	9.43	8.71	8.42	7.98	9.01	8.57	11.03	10.06	9.55	9.35	10.25	10.12	10.18	9.99	9.74	9.41	9.21	8.86
Leasehold Improvements	13.98	12.23	8.61	7.76	7.65	7.52	8.68	6.03	12.1	11.86	11.74	11.64	11.64	11.64	11.64	11.64	11.64	11.64	11.64	11.64

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Nov 2, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 8, 2026

Data Sources Report a data error