Upwork, Inc (UPWK) Asset Utilization Ratio (2018 - 2026)

Upwork (UPWK) has reported Asset Utilization Ratio for 9 consecutive years, with 0.62 the latest figure, recorded in Q1 2026.

• In Q1 2026, Asset Utilization Ratio fell 1.1% year-over-year to 0.62; the TTM figure through Mar 2026 stood at 0.62 (down 1.1% YoY), while the FY2025 annual figure was 0.63, down 8.29% from the prior year.
• Asset Utilization Ratio came in at 0.62 for Q1 2026 at Upwork, up from 0.6 in the prior quarter.
• The five-year high for Asset Utilization Ratio was 0.74 in Q2 2024, with the low at 0.49 in Q1 2022.
• Average Asset Utilization Ratio over 5 years is 0.63, with a median of 0.63 recorded in 2025.
• Across the five-year window, Asset Utilization Ratio slumped 34.42% in 2022 and surged 36.89% in 2023, its largest moves.
• Year by year, Asset Utilization Ratio stood at 0.57 in 2022, then gained by 20.4% to 0.69 in 2023, then slipped by 1.88% to 0.68 in 2024, then decreased by 10.8% to 0.6 in 2025, then grew by 3.09% to 0.62 in 2026.
• According to Business Quant data, Asset Utilization Ratio over the past three periods registered 0.62, 0.6, and 0.61 for Q1 2026, Q4 2025, and Q3 2025 respectively.