Upwork (UPWK) Capital Expenditures (2017 - 2026)

Upwork (UPWK) recorded quarterly Capital Expenditures of $8.4 million in Q1 2026, down 56.51% quarter-over-quarter from $19.3 million in Q4 2025, and up 858.97% on a YoY basis from $875000.0 in Q1 2025.

Upwork (UPWK) Capital Expenditures (2017 - 2026) Analysis & Trends

Upwork's Capital Expenditures history runs 10 years deep, the most recent figure standing at $8.4 million for Q1 2026.

  • In Q1 2026, Capital Expenditures rose 858.97% year-over-year to $8.4 million; the TTM figure through Mar 2026 stood at $26.9 million (up 535.71% YoY), while the FY2025 annual figure was $19.3 million, up 448.44% from the prior year.
  • Capital Expenditures was $8.4 million for Q1 2026 at Upwork, down from $19.3 million in the prior quarter.
  • In the past five years, Capital Expenditures ranged from a high of $19.3 million in Q4 2025 to a low of -$6.1 million in Q3 2023.
  • Historically, Capital Expenditures has averaged $2.3 million across 5 years, with a median of $692000.0 in 2023.
  • The sharpest annual moves came in 2023 and 2026: Capital Expenditures plunged 359.93% in 2023, then jumped 858.97% in 2026.
  • A 5-year view of Capital Expenditures shows it stood at $2.3 million in 2022, then sank by 70.24% to $692000.0 in 2023, then surged by 365.03% to $3.2 million in 2024, then jumped by 499.6% to $19.3 million in 2025, then tumbled by 56.51% to $8.4 million in 2026.
  • The last three Capital Expenditures figures came in at $8.4 million (Q1 2026), $19.3 million (Q4 2025), and $3000.0 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 Nebius 1,913,603.98 Bn 1,913,603.98 Bn 295.20 Mn -2.47 Bn
2 Alphabet 4,425.33 Bn 4,209.71 Bn 102.29 Bn 35.67 Bn
3 Meta Platforms 1,502.66 Bn 1,421.48 Bn 46.09 Bn 16.04 Bn
4 Spotify Technology 119.69 Bn 109.44 Bn 1.75 Bn -5.85 Mn
5 Reddit 33.22 Bn 30.45 Bn 511.94 Mn 1.09 Mn
6 Pinterest 13.64 Bn 12.34 Bn 768.96 Mn 16.34 Mn
7 Kanzhun 13.02 Bn 10.92 Bn 255.62 Bn -
8 Snap 9.72 Bn 6.90 Bn 1.29 Bn 40.77 Mn
9 Zillow 8.26 Bn 7.48 Bn 519.00 Mn 34.00 Mn
10 Upwork 1.12 Bn 542.56 Mn 150.84 Mn 8.39 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 8.39 Mn
Mar 31, 2026 8.39 Mn
Dec 31, 2025 19.30 Mn
Dec 31, 2025 19.30 Mn
Sep 30, 2025 3,000.00
Sep 30, 2025 3,000.00
Jun 30, 2025 -824,000.00
Jun 30, 2025 -824,000.00
Mar 31, 2025 875,000.00
Mar 31, 2025 875,000.00
Dec 31, 2024 3.22 Mn
Dec 31, 2024 3.22 Mn
Sep 30, 2024 -465,000.00
Sep 30, 2024 -465,000.00
Jun 30, 2024 598,000.00
Jun 30, 2024 598,000.00
Mar 31, 2024 177,000.00
Mar 31, 2024 177,000.00
Dec 31, 2023 692,000.00
Dec 31, 2023 692,000.00