Upwork Inc. (UPWK)

Upwork Balance Sheet

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

Assets

Fiscal Quarter	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	Q3 2021
Period Ending	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	Sep 30, 2021
Cash & Equivalents	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	600.08
Short-Term Investments	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	96.76
Cash & Short-Term Investments	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	696.84
Cash Growth (YoY)	-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%	348.17%
Receivables	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	58.23
Prepaid Expenses	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	12.16
Restricted Cash	-	-	3.6	-	-	-	3.6	-	-	-	3.6	-	-	-	3.6	-	-	-	3.2	-
Other Current Assets	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	172.69
Total Current Assets	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	939.92
Property, Plant & Equipment	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	35.08
Goodwill	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	118.22
Other Intangible Assets	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	109.86	111.4	111.5	125.07	126.72	127.76	128.78	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Long-Term Assets	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	1.27
Total Assets	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	1,094

Liabilities

Fiscal Quarter	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	Q3 2021
Period Ending	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	Sep 30, 2021
Accounts Payable	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	3.37
Accrued Expenses	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	38.25
Current Portion of Long-Term Debt	360.69	360.23	359.77	359.31	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current Portion of Leases	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	6.27
Current Unearned Revenue	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	20.74
Other Current Liabilities	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	173.22
Total Current Liabilities	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	241.85
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	560.56
Long-Term Leases	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	18.08
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	5.36
Other Long-Term Liabilities	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	3.81
Total Liabilities	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	829.65

Shareholders' Equity

Fiscal Quarter	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	Q3 2021
Period Ending	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	Sep 30, 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	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	493.33
Retained Earnings	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	-228.51
Treasury Stock	-	-	-	-	-	-	-	-	-	-2.14	-	-	-	-	-	-	-	-	-	-
Comprehensive Income & Other	-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	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	264.83
Shareholders' Equity	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	264.83
Total Liabilities & Equity	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	1,094

Additional Metrics

Fiscal Quarter	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	Q3 2021
Period Ending	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	Sep 30, 2021
Total Debt	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	584.9
Net Cash (Debt)	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	111.94
Net Cash Growth (YoY)	-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%	-5.32%
Net Cash Per Share	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	0.88
Filing Date Shares Outstanding	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	128.23
Total Common Shares Outstanding	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	128.23
Working Capital	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	698.07
Book Value Per Share	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	2.07
Tangible Book Value	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	146.61
Tangible Book Value Per Share	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	1.14
Machinery	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	8.67
Leasehold Improvements	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	11.75

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Aug 10, 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:

Sep 26, 2026

Data Sources Report a data error