Upwork (UPWK) Cash & Equivalents (2017 - 2026)
Upwork (UPWK) posted quarterly Cash & Equivalents of $328.4 million for Q1 2026, down 37.35% year-over-year from $524.2 million in Q1 2025, and up 11.57% quarter-over-quarter from $294.4 million in Q4 2025.
Upwork (UPWK) Cash & Equivalents (2017 - 2026) Analysis & Trends
Upwork's Cash & Equivalents history runs 10 years deep, the most recent figure standing at $328.4 million for Q1 2026.
- In Q1 2026, Cash & Equivalents fell 37.35% year-over-year to $328.4 million; the TTM figure through Mar 2026 stood at $328.4 million (down 37.35% YoY), while the FY2025 annual figure was $294.4 million, down 41.78% from the prior year.
- Cash & Equivalents for Q1 2026 stood at $328.4 million, up from $294.4 million in the prior quarter.
- The five-year high for Cash & Equivalents was $524.2 million in Q1 2025, with the low at $79.6 million in Q4 2023.
- The 5-year median for Cash & Equivalents is $328.1 million (2022), against an average of $324.1 million.
- The sharpest annual moves came in 2022 and 2024: Cash & Equivalents tumbled 57.42% in 2022, then jumped 534.84% in 2024.
- Upwork's Cash & Equivalents stood at $129.4 million in 2022, then plunged by 38.45% to $79.6 million in 2023, then surged by 534.84% to $505.6 million in 2024, then tumbled by 41.78% to $294.4 million in 2025, then gained by 11.57% to $328.4 million in 2026.
- Business Quant data shows UPWK's Cash & Equivalents at $328.4 million in Q1 2026, $294.4 million in Q4 2025, and $260.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash & Equiv. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,165.61 Bn | 3,736.57 Bn | 73.85 Bn | 242.47 Bn |
| 2 | Meta Platforms | 1,523.46 Bn | 1,433.20 Bn | 49.47 Bn | 15.46 Bn |
| 3 | Taboola.com | 1,141.85 Bn | 1,141.71 Bn | 139.48 Mn | 133.05 Mn |
| 4 | Baidu | 288.34 Bn | 283.85 Bn | 1.88 Mn | 4.43 Bn |
| 5 | Spotify Technology | 103.44 Bn | 93.20 Bn | 1.75 Bn | 6.15 Bn |
| 6 | Joyy | 77.39 Bn | 76.50 Bn | 205.64 Mn | - |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 170.00 |
| 8 | Nebius | 50.20 Bn | 40.57 Bn | 295.20 Mn | 9.63 Bn |
| 9 | 30.00 Bn | 27.22 Bn | 734.60 Mn | 1.49 Bn | |
| 10 | Upwork | 1.07 Bn | 490.68 Mn | 150.84 Mn | 328.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 328.40 Mn |
| Dec 31, 2025 | 294.36 Mn |
| Sep 30, 2025 | 260.84 Mn |
| Jun 30, 2025 | 291.07 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 |
| Jun 30, 2021 | 300.17 Mn |