Upwork (UPWK) Cash from Operations (2017 - 2026)

Upwork (UPWK) recorded quarterly Cash from Operations of 23019000.0 in Q1 2026, down 63.86% quarter-over-quarter from 63701000.0 in Q4 2025, and down 37.73% on a YoY basis from 36965000.0 in Q1 2025.

Upwork (UPWK) Cash from Operations (2017 - 2026) Analysis & Trends

Upwork's Cash from Operations history runs 10 years deep, the most recent figure standing at 23019000.0 for Q1 2026.

  • In Q1 2026, Cash from Operations fell 37.73% year-over-year to 23019000.0; the TTM figure through Mar 2026 stood at 234313000.0 (up 33.35% YoY), while the FY2025 annual figure was 248259000.0, up 61.67% from the prior year.
  • Cash from Operations was 23019000.0 for Q1 2026 at Upwork, down from 63701000.0 in the prior quarter.
  • In the past five years, Cash from Operations ranged from a high of 75079000.0 in Q3 2025 to a low of 11476000.0 in Q1 2022.
  • Historically, Cash from Operations has averaged 28767411.76 across 5 years, with a median of 23019000.0 in 2026.
  • The sharpest annual moves came in 2022 and 2023: Cash from Operations plunged 711.73% in 2022, then soared 1066.14% in 2023.
  • A 5-year view of Cash from Operations shows it stood at 13393000.0 in 2022, then jumped by 50.44% to 20148000.0 in 2023, then soared by 91.49% to 38582000.0 in 2024, then jumped by 65.11% to 63701000.0 in 2025, then plunged by 63.86% to 23019000.0 in 2026.
  • The last three Cash from Operations figures came in at 23019000.0 (Q1 2026), 63701000.0 (Q4 2025), and 75079000.0 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cash from Operations (Qtr)
1 Nebius 1,913,603.98 Bn 1,913,603.98 Bn 295.20 Mn 2.26 Bn
2 Alphabet 4,425.33 Bn 4,209.71 Bn 102.29 Bn 45.79 Bn
3 Meta Platforms 1,502.66 Bn 1,421.48 Bn 46.09 Bn 32.23 Bn
4 Spotify Technology 119.69 Bn 109.44 Bn 1.75 Bn 978.74 Mn
5 Reddit 33.22 Bn 30.45 Bn 511.94 Mn 312.25 Mn
6 Pinterest 13.64 Bn 12.34 Bn 768.96 Mn 328.02 Mn
7 Kanzhun 13.02 Bn 10.92 Bn 255.62 Bn 172.53 Mn
8 Snap 9.72 Bn 6.90 Bn 1.29 Bn 326.78 Mn
9 Zillow 8.26 Bn 7.48 Bn 519.00 Mn 200.00 Mn
10 Upwork 1.12 Bn 542.56 Mn 150.84 Mn 23.02 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 23.02 Mn
Mar 31, 2026 23.02 Mn
Dec 31, 2025 63.70 Mn
Dec 31, 2025 63.70 Mn
Sep 30, 2025 75.08 Mn
Sep 30, 2025 75.08 Mn
Jun 30, 2025 72.51 Mn
Jun 30, 2025 72.51 Mn
Mar 31, 2025 36.97 Mn
Mar 31, 2025 36.97 Mn
Dec 31, 2024 38.58 Mn
Dec 31, 2024 38.58 Mn
Sep 30, 2024 60.96 Mn
Sep 30, 2024 60.96 Mn
Jun 30, 2024 39.20 Mn
Jun 30, 2024 39.20 Mn
Mar 31, 2024 14.81 Mn
Mar 31, 2024 14.81 Mn
Dec 31, 2023 20.15 Mn
Dec 31, 2023 20.15 Mn