Upwork (UPWK) Cash & Equivalents (2017 - 2026)
Upwork (UPWK) posted Cash & Equivalents of $476.04 million for Q2 2026, down 6.1% from $506.9 million a year earlier but up 45.0% from the prior quarter.
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Analysis
Upwork (UPWK) Cash & Equivalents (2017 - 2026) Analysis & Trends
At the end of FY2025, Upwork's Cash & Equivalents came in at $294.36 million, down 41.8% from FY2024.
- Annual Cash & Equivalents shows a five-year compound annual growth rate of 4.8% (FY2020 to FY2025).
- In prior years, Upwork's Cash & Equivalents was $505.59 million in FY2024 (+534.8%), $79.64 million in FY2023 (-38.4%), $129.38 million in FY2022 (-30.9%) and $187.21 million in FY2021 (-19.5%).
- Quarterly Cash & Equivalents has run from a low of $79.64 million in Q4 2023 to a high of $776.61 million in Q3 2021 over five years.
- On a year-over-year basis, Cash & Equivalents has declined in each of the last four quarters, with growth averaging 73.5% over the last eight quarters.
- The strongest year-over-year quarter for Cash & Equivalents in the past five years was Q4 2024, with growth of 534.8%; the weakest was Q3 2022, with a decline of 57.4%.
- According to Business Quant data, Cash & Equivalents for the three prior quarters was $328.4 million (Q1 2026), $294.36 million (Q4 2025) and $260.84 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash & Equiv. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,173.87 Bn | 3,931.39 Bn | 73.85 Bn | 55.91 Bn |
| 2 | Meta Platforms | 1,849.67 Bn | 1,552.19 Bn | 49.47 Bn | 15.46 Bn |
| 3 | Netflix | 279.23 Bn | 239.43 Bn | 6.52 Bn | 9.10 Bn |
| 4 | Alibaba Group Holding | 245.86 Bn | 63.73 Bn | 15.11 Bn | 21.06 Bn |
| 5 | Shopify | 196.08 Bn | 173.27 Bn | 1.71 Bn | 1.66 Bn |
| 6 | Uber Technologies | 138.90 Bn | 110.88 Bn | 6.38 Bn | 4.87 Bn |
| 7 | Booking Holdings | 119.48 Bn | 52.53 Bn | - | 17.21 Bn |
| 8 | PDD Holdings | 107.30 Bn | -144.64 Bn | 9.45 Bn | 19.00 Bn |
| 9 | Spotify Technology | 97.33 Bn | 54.56 Bn | 1.86 Bn | 6.90 Bn |
| 10 | Upwork | 1.00 Bn | -1.51 Bn | 146.37 Mn | 476.04 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 476.04 Mn |
| Mar 31, 2026 | 328.40 Mn |
| Dec 31, 2025 | 294.36 Mn |
| Sep 30, 2025 | 260.84 Mn |
| Jun 30, 2025 | 506.90 Mn |
| Mar 31, 2025 | 524.19 Mn |
| Dec 31, 2024 | 505.59 Mn |
| Sep 30, 2024 | 506.87 Mn |
| Jun 30, 2024 | 405.85 Mn |
| Mar 31, 2024 | 251.99 Mn |
| Dec 31, 2023 | 79.64 Mn |
| Sep 30, 2023 | 329.19 Mn |
| Jun 30, 2023 | 336.15 Mn |
| Mar 31, 2023 | 286.64 Mn |
| Dec 31, 2022 | 129.38 Mn |
| Sep 30, 2022 | 330.68 Mn |
| Jun 30, 2022 | 328.11 Mn |
| Mar 31, 2022 | 321.59 Mn |
| Dec 31, 2021 | 187.21 Mn |
| Sep 30, 2021 | 776.61 Mn |
API Access
Upwork Cash & Equivalents API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-and-equivalents&ticker=UPWK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-and-equivalents", "ticker": "UPWK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-and-equivalents&ticker=UPWK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();