Upwork Inc. (UPWK) - Quarterly Balance Statement

Home
UPWK
Financials

16.19 (USD) • At close September 5, 2025

Overview | Financials

Numbers are in millions (except for per share data and ratios) USD.

	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1	2023 Q4	2023 Q3	2023 Q2	2023 Q1	2022 Q4	2022 Q3	2022 Q2	2022 Q1	2021 Q4	2021 Q3	2021 Q2	2021 Q1	2020 Q4	2020 Q3	2020 Q2	2020 Q1	2019 Q4	2019 Q3	2019 Q2	2019 Q1	2018 Q4	2018 Q3	2018 Q2	2018 Q1	2017 Q4	2017 Q1
Assets:
Current Assets:
Cash & Cash Equivalents Numbers are in millions	291.07	304.449	305.757	288.464	182.803	24.667	83.241	146.827	154.106	101.985	129.384	156.423	135.37	121.174	187.205	600.077	131.448	104.316	94.081	88.436	76.755	65.635	48.392	71.16	67.092	49.22	129.128	27.055	31.331	-21.595	21.595	-27.326
Short Term Investments Numbers are in millions	343.509	317.619	316.344	312.719	314.941	465.939	470.457	408.417	362.561	407.643	557.23	519.383	532.258	551.781	497.566	96.764	40.99	65.513	75.57	67.051	69.606	79.693	85.481	60.404	62.442	71.999	0	0	0	43.19	0	54.652
Cash and Short Term Investments Numbers are in millions	634.579	622.068	622.101	601.183	497.744	490.606	553.698	555.244	516.667	509.628	686.614	675.806	667.628	672.955	684.771	696.841	172.438	169.829	169.651	155.487	146.361	145.328	133.873	131.564	129.534	121.219	129.128	27.055	31.331	21.595	21.595	27.326
Net Receivables Numbers are in millions	71.23	77.917	75.49	69.447	116.522	114.403	103.061	60.262	66.309	59.291	64.888	67.07	69.858	62.048	66.826	58.231	62.232	51.894	47.018	39.853	33.23	35.26	30.156	32.034	51.447	48.265	22.315	41.592	36.824	0	30.762	0
Inventory Numbers are in millions	0	0	0	0	0	0	0	177.97	177.655	179.42	161.457	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Current Assets Numbers are in millions	233.174	238.028	213.463	233.661	241.399	243.01	244.437	194.507	216.447	198.901	179.404	203.686	225.193	232.683	178.056	197.003	190.134	182.887	144.132	145.105	147.571	140.33	116.606	129.805	131.41	133.447	108.492	118.131	86.748	0	91.769	0
Total Current Assets Numbers are in millions	938.983	938.013	911.054	904.291	855.665	848.019	883.371	810.013	780.027	767.82	930.906	929.702	944.305	949.534	929.653	939.919	412.278	393.868	360.801	331.958	318.153	312.531	280.635	285.797	305.837	296.25	255.882	181.452	154.903	21.595	144.126	27.326
Non-Current Assets:
Property, Plant & Equipment, Net Numbers are in millions	43.476	40.477	35.808	36.316	30.776	30.614	31.473	31.827	30.859	29.907	29.666	29.874	29.987	30.86	32.011	35.08	37.357	46.686	47.868	48.342	48.929	47.609	43.362	20.668	19.207	12.604	10.815	6.26	6.044	0	3.514	0
Goodwill Numbers are in millions	141.473	121.064	121.064	118.219	118.219	118.219	118.219	118.219	118.219	118.219	118.219	118.219	118.219	118.219	118.219	118.219	118.219	118.219	118.219	118.219	118.219	118.219	118.219	118.219	118.219	118.219	118.219	118.219	118.219	0	118.219	0
Intangible Assets Numbers are in millions	9.525	11.174	12.989	1.859	2.258	2.656	3.048	0	0	0	0	0	0	0	0	0	0	0	0.667	1.334	2.001	2.668	3.335	4.002	4.67	5.337	6.004	6.671	7.338	0	8.672	0
Goodwill and Intangible Assets Numbers are in millions	150.998	132.238	134.053	120.078	120.477	120.875	121.267	118.219	118.219	118.219	118.219	118.219	118.219	118.219	118.219	118.219	118.219	118.219	118.886	119.553	120.22	120.887	121.554	122.221	122.889	123.556	124.223	124.89	125.557	0	126.891	0
Long Term Investments Numbers are in millions	0	0	0	0	0	0	0.8	0	0	0	0.8	0	0	0	0.8	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax Assets Numbers are in millions	126.715	127.762	128.779	0	0	0	0	0	0	0	-0.8	0	0	0	-0.8	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets Numbers are in millions	1.544	1.576	1.919	1.974	1.645	1.311	0.63	1.379	1.467	2.12	1.454	1.431	1.503	1.663	0.378	1.269	1.406	1.56	1.672	1.784	1.546	1.04	0.829	0.904	0.976	1.389	0.653	6.24	3.759	-21.595	0.658	-27.326
Total Non-Current Assets Numbers are in millions	322.733	302.053	300.559	158.368	152.898	152.8	154.17	151.425	150.545	150.246	149.339	149.524	149.709	150.742	151.408	154.568	156.982	166.465	168.426	169.679	170.695	169.536	165.745	143.793	143.072	137.549	135.691	137.39	135.36	-21.595	131.063	-27.326
Total Assets Numbers are in millions	1,261.716	1,240.066	1,211.613	1,062.659	1,008.563	1,000.819	1,037.541	961.438	930.572	918.066	1,080.245	1,079.226	1,094.014	1,100.276	1,081.061	1,094.487	569.26	560.333	529.227	501.637	488.848	482.067	446.38	429.59	448.909	433.799	391.573	318.842	290.263	0	275.189	0
Liabilities & Equity:
Current Liabilities:
Account Payables Numbers are in millions	1.027	220.057	6.128	5.601	5.863	5.916	5.063	1.747	4.178	4.248	7.549	5.354	5.281	10.327	4.996	3.37	8.625	12.08	6.455	5.708	5.18	1.719	0.652	2.934	1.521	1.542	2.073	5.471	1.92	0	0.462	0
Short Term Debt Numbers are in millions	1.648	0	1.624	2.776	3.812	4.918	5.687	6.372	6.593	6.547	6.502	6.455	6.41	6.364	6.315	6.27	10.957	11.702	11.306	10.545	10.647	25.723	10.798	7.579	32.574	32.569	5.671	29.594	12.764	0	10.342	0
Tax Payables Numbers are in millions	12.385	0	11.394	11.846	12.552	13.763	13.171	13.65	13.196	12.042	14.102	12.47	11.628	3.656	4.137	3.166	3.037	2.522	3.818	2.67	2.044	1.746	2.401	2.195	2.192	1.888	1.63	1.634	1.728	0	1.861	0
Deferred Revenue Numbers are in millions	7.802	7.496	7.269	8.782	10.766	13.957	17.361	21.237	24.079	25.557	25.075	24.91	23.983	23.548	22.083	20.742	19.164	18.157	16.801	15.892	14.984	14.386	13.799	1.587	1.13	0.891	0.722	0.717	0.711	0	0.614	0
Other Current Liabilities Numbers are in millions	256.762	47.143	242.018	255.434	252.103	250.938	251.721	210.059	206.683	208.426	194.464	202.822	216.085	219.392	196.103	208.303	190.643	181.527	160.367	151.258	149.82	142.07	121.448	134.296	135.242	133.803	117.504	122.756	114.343	0	101.364	0
Total Current Liabilities Numbers are in millions	279.624	274.696	268.433	284.439	285.096	289.492	293.003	253.065	254.729	256.82	247.692	252.011	263.387	263.287	233.634	241.851	232.426	225.988	198.747	186.073	182.675	185.644	149.098	148.591	172.659	170.693	127.6	160.172	130.755	0	114.643	0
Non-Current Liabilities:
Long Term Debt Numbers are in millions	369.2	10.385	367.495	366.688	361.843	361.855	362.175	362.558	363.385	364.418	575.438	576.139	576.824	577.452	578.052	578.634	19.39	20.977	23.648	26.714	29.034	31.303	31.885	12.584	14.469	16.354	18.239	19.304	21.12	0	23.491	0
Deferred Revenue Non-Current Numbers are in millions	0	0	0	0	0.004	0.087	0.79	2.451	5.12	7.38	0	7.807	6.728	6.547	0	5.356	5.265	4.361	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities Non-Current Numbers are in millions	0	0	0	0	4.835	5.308	6.088	-2.451	-5.12	-7.38	0	-7.807	-6.728	-6.547	0	-5.356	-5.265	-4.361	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities Numbers are in millions	4.238	360.643	0.308	0.361	0.528	0.509	1.288	2.876	5.535	7.872	8.236	8.493	7.484	10.188	9.858	9.169	8.916	7.867	7.522	7.276	6.996	6.384	5.973	5.816	4.148	2.78	1.989	172.596	1.05	0	168.422	0
Total Non-Current Liabilities Numbers are in millions	373.438	371.028	367.803	367.049	362.371	362.451	363.463	365.434	368.92	372.29	583.674	584.632	584.308	587.64	587.91	587.803	28.306	28.844	31.17	33.99	36.03	37.687	37.858	18.4	18.617	19.134	20.228	191.9	22.17	0	191.913	0
Total Liabilities Numbers are in millions	653.062	645.724	636.236	651.488	647.467	651.943	656.466	618.499	623.649	629.11	831.366	836.643	847.695	850.927	821.544	829.654	260.732	254.832	229.917	220.063	218.705	223.331	186.956	166.991	191.276	189.827	147.828	352.072	152.925	0	306.556	0
Equity:
Preferred Stock Numbers are in millions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0.528	0	0	0	0	0	0	0	0	0	0	0	0	166.486	166.486	166.486	166.486	178.785
Common Stock Numbers are in millions	0.013	0.013	0.014	0.013	0.013	0.013	0.014	0.014	0.013	0.013	0.013	0.013	0.013	0.013	0.013	0.013	0.013	0.013	0.012	0.012	0.012	0.011	0.011	0.011	0.011	0.011	0.011	0.004	0.01	0	0.003	0
Retained Earnings Numbers are in millions	-8.02	-40.746	-78.476	-225.642	-253.4	-275.62	-294.062	-311.436	-327.773	-323.782	-340.949	-324.449	-299.622	-275.802	-251.064	-228.508	-219.197	-202.659	-194.824	-195.749	-193.002	-181.978	-171.957	-153.081	-150.254	-148.227	-143.499	-138.134	-130.788	0	-123.592	0
Accumulated Other Comprehensive Income/Loss Numbers are in millions	0.724	0.548	0.264	1.222	-0.529	-0.386	0.205	-0.393	-0.865	-1.162	-3.085	-4.617	-4.783	-3.378	-0.528	0	-20.438	-17.902	0	-13.348	-11.358	-9.549	-171.957	-153.081	-150.254	-148.227	-143.499	-138.134	-130.788	-31.367	-123.592	-30.131
Other Total Stockholders Equity Numbers are in millions	615.937	634.527	653.575	635.578	615.012	624.869	674.918	654.754	635.548	613.887	592.9	571.636	550.711	528.516	511.096	493.328	527.712	508.147	494.122	477.311	463.133	440.703	431.37	415.669	407.876	392.188	387.233	243.034	268.116	0	215.814	0
Total Shareholders Equity Numbers are in millions	608.654	594.342	575.377	411.171	361.096	348.876	381.075	342.939	306.923	288.956	248.879	242.583	246.319	249.349	259.517	264.833	308.528	305.501	299.31	281.574	270.143	258.736	259.424	262.599	257.633	243.972	243.745	-33.23	137.338	135.119	-31.367	148.654
Total Equity Numbers are in millions	608.654	594.342	575.377	411.171	361.096	348.876	381.075	342.939	306.923	288.956	248.879	242.583	246.319	249.349	259.517	264.833	308.528	305.501	299.31	281.574	270.143	258.736	259.424	262.599	257.633	243.972	243.745	-33.23	137.338	135.119	-31.367	148.654
Total Liabilities & Shareholders Equity Numbers are in millions	1,261.716	1,240.066	1,211.613	1,062.659	1,008.563	1,000.819	1,037.541	961.438	930.572	918.066	1,080.245	1,079.226	1,094.014	1,100.276	1,081.061	1,094.487	569.26	560.333	529.227	501.637	488.848	482.067	446.38	429.59	448.909	433.799	391.573	318.842	290.263	135.119	275.189	148.654

Upwork Inc.

NASDAQ:UPWK Add to watchlist

NASDAQ:UPWK