Upwork (UPWK) Asset Utilization Ratio (2018 - 2026)
Upwork (UPWK) posted quarterly Asset Utilization Ratio of 0.62 for Q1 2026, down 1.1% year-over-year from 0.63 in Q1 2025, and up 3.09% quarter-over-quarter from 0.6 in Q4 2025.
Upwork (UPWK) Asset Utilization Ratio (2018 - 2026) Analysis & Trends
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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,169.37 Bn | 3,740.34 Bn | 73.85 Bn | 0.55 |
| 2 | Meta Platforms | 1,523.99 Bn | 1,433.73 Bn | 49.47 Bn | 0.54 |
| 3 | Taboola.com | 1,150.19 Bn | 1,150.06 Bn | 139.48 Mn | 1.24 |
| 4 | Baidu | 289.04 Bn | 284.55 Bn | 1.88 Mn | 0.28 |
| 5 | Spotify Technology | 102.97 Bn | 92.73 Bn | 1.75 Bn | 1.24 |
| 6 | Joyy | 77.43 Bn | 76.54 Bn | 205.64 Mn | 0.28 |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | - |
| 8 | Nebius | 49.26 Bn | 39.63 Bn | 295.20 Mn | 0.05 |
| 9 | 30.10 Bn | 27.31 Bn | 734.60 Mn | 0.78 | |
| 10 | Upwork | 1.06 Bn | 478.52 Mn | 150.84 Mn | 0.62 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.62 |
| Dec 31, 2025 | 0.60 |
| Sep 30, 2025 | 0.61 |
| Jun 30, 2025 | 0.62 |
| Mar 31, 2025 | 0.63 |
| Dec 31, 2024 | 0.68 |
| Sep 30, 2024 | 0.74 |
| Jun 30, 2024 | 0.74 |
| Mar 31, 2024 | 0.71 |
| Dec 31, 2023 | 0.69 |
| Sep 30, 2023 | 0.70 |
| Jun 30, 2023 | 0.70 |
| Mar 31, 2023 | 0.64 |
| Dec 31, 2022 | 0.57 |
| Sep 30, 2022 | 0.55 |
| Jun 30, 2022 | 0.51 |
| Mar 31, 2022 | 0.49 |
| Dec 31, 2021 | 0.46 |
| Sep 30, 2021 | 0.57 |
| Jun 30, 2021 | 0.78 |