Upwork Balance Sheet
NASDAQ: UPWKTechnologyEDP ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Upwork financial position
At the end of fiscal 2025, Upwork reported total assets of $1.30 billion, up 7.3% from a year earlier against total liabilities of $669.3 million. Shareholders' equity stood at $630.3 million, or 48.5% of assets. The company held $294.4 million in cash and equivalents against $359.8 million of debt, a net debt position of $65.4 million.
The current ratio (current assets divided by current liabilities) was 1.46, meaning short-term assets cover obligations due within a year. Debt-to-equity was 0.57.
Summary generated from market data by MetaCap's automated system. Methodology
Upwork balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 294.36M | 305.76M | 79.64M | 129.38M | 187.21M | 94.08M | 48.39M | 129.13M | 21.59M | 89.68M |
| Short-Term Investments | 378.43M | 316.34M | 470.46M | 557.23M | 497.57M | 75.57M | 85.48M | 0 | — | — |
| Receivables | 76.24M | 75.49M | 103.06M | 64.89M | 66.83M | 47.02M | 30.16M | 22.32M | 30.76M | — |
| Total Current Assets | 950.83M | 911.05M | 883.37M | 930.91M | 929.65M | 360.80M | 280.63M | 255.88M | 144.13M | — |
| Property, Plant & Equipment | 44.42M | 30.06M | 27.14M | 22.06M | 21.33M | 28.14M | 21.45M | 10.81M | 3.51M | — |
| Goodwill | 149.19M | 121.06M | 118.22M | 118.22M | 118.22M | 118.22M | 118.22M | 118.22M | 118.22M | — |
| Intangible Assets | 37.16M | 12.99M | 3.05M | 0 | 0 | 667.00K | 3.33M | 6.00M | 8.67M | — |
| Total Assets | 1.30B | 1.21B | 1.04B | 1.08B | 1.08B | 529.23M | 446.38M | 391.57M | 275.19M | — |
| Accounts Payable | 7.86M | 6.13M | 5.06M | 7.55M | 5.00M | 6.46M | 652.00K | 2.07M | 462.00K | — |
| Short-Term Debt | 359.77M | 0 | — | — | 0 | 7.58M | 7.58M | 5.67M | 10.34M | — |
| Total Current Liabilities | 650.17M | 268.43M | 293.00M | 247.69M | 233.63M | 198.75M | 149.10M | 127.60M | 114.64M | — |
| Long-Term Debt | 0 | 357.93M | 356.09M | 564.26M | 561.30M | 3.14M | 10.70M | 18.24M | 23.49M | — |
| Total Liabilities | 669.26M | 636.24M | 656.47M | 831.37M | 821.54M | 229.92M | 186.96M | 147.83M | 140.07M | — |
| Shareholders' Equity | 630.32M | 575.38M | 381.07M | 248.88M | 259.52M | 299.31M | 259.42M | 243.75M | -31.37M | -30.13M |
| Retained Earnings | 36.95M | -78.48M | -294.06M | -340.95M | -251.06M | -194.82M | -171.96M | -143.50M | -123.59M | — |
| Total Debt | 359.77M | 357.93M | 356.09M | 564.26M | 561.30M | 10.72M | 18.28M | 23.91M | 33.83M | — |
| Net Cash (Debt) | 313.01M | 264.17M | 194.01M | 122.35M | 123.47M | 158.93M | 115.59M | 105.22M | -12.24M | 89.68M |
| Shares Outstanding | 130.55M | 135.35M | 137.27M | 132.37M | 129.13M | 124.80M | 113.60M | 106.45M | 33.74M | — |
This table shows 10 annual periods of Upwork's balance sheet, from FY 2025 back to FY 2016, across 18 line items including cash & equivalents, short-term investments, receivables. Values in USD; B = billions, M = millions. Fiscal periods follow UPWK's reporting calendar. What is a balance sheet?