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 | 33.22 Bn | 30.45 Bn | 511.94 Mn | 312.25 Mn | |
| 6 | 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| Date | Value |
|---|---|
| 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 |