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 was 0.62 for Q1 2026 at Upwork, up from 0.6 in the prior quarter.
• In the past five years, Asset Utilization Ratio ranged from a high of 0.74 in Q2 2024 to a low of 0.49 in Q1 2022.
• Historically, Asset Utilization Ratio has averaged 0.63 across 5 years, with a median of 0.63 in 2025.
• The sharpest annual moves came in 2022 and 2023: Asset Utilization Ratio sank 34.42% in 2022, then surged 36.89% in 2023.
• A 5-year view of Asset Utilization Ratio shows it stood at 0.57 in 2022, then grew by 20.4% to 0.69 in 2023, then fell by 1.88% to 0.68 in 2024, then declined by 10.8% to 0.6 in 2025, then gained by 3.09% to 0.62 in 2026.
• The last three Asset Utilization Ratio figures came in at 0.62 (Q1 2026), 0.6 (Q4 2025), and 0.61 (Q3 2025), per Business Quant data.