Upwork Inc. (UPWK)
NASDAQ: UPWK · Real-Time Price · USD
12.89
-0.44 (-3.30%)
Mar 10, 2026, 10:35 AM EDT - Market open

Upwork Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
115.43215.5946.89-89.89-56.24
Depreciation & Amortization
25.7114.819.458.0610.26
Stock-Based Compensation
65.3968.3974.275.553.59
Other Adjustments
20.33-130.24-38.5928.6119.69
Change in Receivables
-3.28-4.8-22.18-15.29-24.61
Changes in Accounts Payable
-1.160.97-2.512.58-1.45
Changes in Accrued Expenses
27.744.735.753.6910.25
Changes in Unearned Revenue
0.49-10.88-14.544.267.45
Changes in Other Operating Activities
-2.38-5.01-5.76-6.02-8.12
Operating Cash Flow
248.26153.5652.7111.510.84
Operating Cash Flow Growth
61.67%191.35%358.45%6.10%-51.55%
Capital Expenditures
-5.79-3.53-0.69-1.25-1.03
Purchases of Intangible Assets
-19.35-10.92-15.66-7.49-5.11
Purchases of Investments
-485.18-362.32-709.21-581.89-525.34
Proceeds from Sale of Investments
431.78528.67813.84521.15102.5
Payments for Business Acquisitions
-58.41-14.33---
Investing Cash Flow
-136.94137.5788.27-69.47-428.98
Long-Term Debt Issued
----575
Long-Term Debt Repaid
---171.33--10.75
Net Long-Term Debt Issued (Repaid)
---171.33-564.25
Issuance of Common Stock
4.698.096.095.4411.97
Repurchase of Common Stock
-135.96-100---
Net Common Stock Issued (Repurchased)
-131.27-91.916.095.4411.97
Other Financing Activities
-6.739.9625.44-4.29-38.48
Financing Cash Flow
-138.01-81.96-139.791.14537.74
Net Cash Flow
-26.69209.181.19-56.83119.6
Free Cash Flow
242.47150.0452.0210.259.81
Free Cash Flow Growth
61.61%188.44%407.52%4.49%-38.87%
FCF Margin
30.78%19.50%7.55%1.66%1.95%
Free Cash Flow Per Share
1.721.050.380.080.08
Levered Free Cash Flow
160.03216.68-132.75-78.57525.38
Unlevered Free Cash Flow
142.04156.55-19.11-81.86-36.96
Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.
SEC Filings: 10-K · 10-Q