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

Upwork's Asset Utilization Ratio history runs 9 years deep, the most recent figure standing at 0.62 for 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 for Q1 2026 stood at 0.62, 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.
• The 5-year median for Asset Utilization Ratio is 0.63 (2025), against an average of 0.63.
• The sharpest annual moves came in 2022 and 2023: Asset Utilization Ratio plunged 34.42% in 2022, then jumped 36.89% in 2023.
• Upwork's Asset Utilization Ratio stood at 0.57 in 2022, then climbed by 20.4% to 0.69 in 2023, then declined by 1.88% to 0.68 in 2024, then dropped by 10.8% to 0.6 in 2025, then rose by 3.09% to 0.62 in 2026.
• Business Quant data shows UPWK's Asset Utilization Ratio at 0.62 in Q1 2026, 0.6 in Q4 2025, and 0.61 in Q3 2025.