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Upwork Inc. (UPWK)
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UPWK Cash Flow Statement

Operating, investing, and financing cash flow analysis

UPWK Quarterly Cash Flow Statement (USD)

Quarterly ReportTTM
03/31/2026
12/31/2025
09/30/2025
06/30/2025
03/31/2025
12/31/2024
09/30/2024
06/30/2024
234.313M23.019M63.701M75.079M72.514M36.965M8.489M91.057M39.203M
109.156M31.461M15.634M29.335M32.726M37.730M147.166M27.758M22.220M
26.905M9.496M7.201M4.146M6.062M5.063M5.922M3.247M4.488M
68.539M15.421M17.352M19.789M15.977M12.272M13.633M18.578M19.238M
Change in Accounts Receivable
299.810M75.911M76.236M76.433M71.230M77.917M75.490M69.447M116.522M
Change in Inventory
Change in Accounts Payable
Change in Working Capital
6.075M-34.196M5.474M19.727M15.070M-18.871M-28.971M40.855M-5.745M
Cash from Investing
-10.207M-1.723M-455K-5.648M-2.381M-6.175M-3.865M-4.167M-3.747M
-58.406M0.001.440M-39.436M-20.410M0.000.000.000.00
Cash from Financing
Debt Repayment
-210.796M-107.891M-34.036M-31.001M-37.868M-33.054M0.000.00-33.124M
0.000.000.000.000.000.000.000.000.00
224.106M21.296M63.246M69.431M70.133M30.790M4.624M86.890M35.456M
Net Change in Cash
12.354M56.977M2.897M-30.232M-17.288M18.598M-1.273M101.017M153.855M

UPWK Annual Cash Flow Statement (USD)

Annual Report
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
248.259M153.563M52.708M11.497M10.836M22.365M1.058M13.744M
115.425M215.586M46.887M-89.885M-56.240M-22.867M-16.659M-19.907M
22.472M17.650M12.718M11.136M13.806M14.032M9.445M4.949M
65.390M68.391M74.195M75.501M53.592M25.508M18.798M10.361M
Change in Accounts Receivable
76.236M75.490M103.061M64.888M66.826M47.018M30.156M22.315M
Change in Inventory
Change in Accounts Payable
Change in Working Capital
21.400M-14.992M-39.238M-10.786M-16.471M2.238M-14.424M6.781M
Cash from Investing
-5.790M-14.444M-16.351M-8.733M-6.137M-14.365M-16.638M-6.841M
-58.406M-14.333M0.000.000.000.005.886M0.00
Cash from Financing
Debt Repayment
-135.959M-100.000M0.000.000.000.000.000.00
0.000.000.000.000.000.000.000.00
242.469M139.119M36.357M2.764M4.699M8.000M-15.580M6.903M
Net Change in Cash
-26.685M209.175M1.187M-56.827M119.595M72.860M-70.464M107.533M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Upwork Inc.

Upwork Inc., operating alongside its subsidiaries, provides a leading online work marketplace that connects businesses globally with independent professionals and agencies, spanning the United States, India, the Philippines, and other international markets. The platform grants clients access to a vast and diverse pool of talent, covering a wide array of specializations. These include key areas like sales and marketing, customer service, data science and analytics, creative design, and various aspects of web, mobile, and software development. Beyond talent acquisition, the marketplace also streamlines key operational workflows for businesses, such as sourcing candidates, managing outreach, and facilitating contract agreements. To support effective remote collaborations, Upwork offers a suite of functionalities, including robust communication and collaboration tools, simplified invoicing directly through the platform, and comprehensive payment protection. Upwork's marketplace offerings encompass various service tiers, such as Upwork Basic, Plus, Enterprise, and Payroll solutions, alongside managed and internet escrow agency services. Originally incorporated in 2013 and initially known as Elance-oDesk, Inc., the company rebranded to Upwork Inc. in May 2015. It maintains its headquarters in San Francisco, California.

Palo Alto, CA
600 employees
Industrials / Staffing & Employment Services
Sector
Industrials
Industry
Staffing & Employment Services
CEO
Hayden Brown