Upwork (UPWK) Capital Expenditures (2017 - 2026)
Upwork (UPWK) posted quarterly Capital Expenditures of $1.7 million for Q1 2026, down 53.47% year-over-year from $3.7 million in Q1 2025, and up 3290.74% quarter-over-quarter from -$54000.0 in Q4 2025.
Analysis
Upwork (UPWK) Capital Expenditures (2017 - 2026) Analysis & Trends
Upwork's Capital Expenditures history runs 10 years deep, the most recent figure standing at $1.7 million for Q1 2026.
- In Q1 2026, Capital Expenditures fell 53.47% year-over-year to $1.7 million; the TTM figure through Mar 2026 stood at -$2.0 million (down 128.07% YoY), while the FY2024 annual figure was $3.5 million, up 409.83% from the prior year.
- Capital Expenditures for Q1 2026 stood at $1.7 million, up from -$54000.0 in the prior quarter.
- The five-year high for Capital Expenditures was $8.5 million in Q3 2024, with the low at -$5.5 million in Q3 2023.
- The 5-year median for Capital Expenditures is $177000.0 (2024), against an average of $349588.2.
- The sharpest annual moves came in 2024 and 2025: Capital Expenditures sank 3885.07% in 2024, then soared 2049.15% in 2025.
- Upwork's Capital Expenditures stood at -$5.2 million in 2022, then surged by 102.6% to $134000.0 in 2023, then tumbled by 3885.07% to -$5.1 million in 2024, then jumped by 98.94% to -$54000.0 in 2025, then soared by 3290.74% to $1.7 million in 2026.
- Business Quant data shows UPWK's Capital Expenditures at $1.7 million in Q1 2026, -$54000.0 in Q4 2025, and -$4.8 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 44.92 Bn |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 30.12 Bn |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | -23.25 Mn |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | -5.66 Bn |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 1.13 Mn | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | - |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | - |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | 22.95 Mn | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 17.31 Mn |
| 10 | Upwork | 1.12 Bn | 501.02 Mn | 146.37 Mn | 9.32 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.32 Mn |
| Jun 30, 2026 | 9.32 Mn |
| Mar 31, 2026 | 8.39 Mn |
| Mar 31, 2026 | 8.39 Mn |
| Dec 31, 2025 | 5.97 Mn |
| Dec 31, 2025 | 5.97 Mn |
| Sep 30, 2025 | 5.17 Mn |
| Sep 30, 2025 | 5.17 Mn |
| Jun 30, 2025 | 4.51 Mn |
| Jun 30, 2025 | 4.51 Mn |
| Mar 31, 2025 | 3.70 Mn |
| Mar 31, 2025 | 3.70 Mn |
| Dec 31, 2024 | 2.32 Mn |
| Dec 31, 2024 | 2.32 Mn |
| Sep 30, 2024 | 2.96 Mn |
| Sep 30, 2024 | 2.96 Mn |
| Jun 30, 2024 | 3.15 Mn |
| Jun 30, 2024 | 3.15 Mn |
| Mar 31, 2024 | 2.49 Mn |
| Mar 31, 2024 | 2.49 Mn |