KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Upwork (UPWK) Debt Ratio (2017 - 2026)

Upwork has reported Debt Ratio over the past 9 years, most recently at 0.28 for Q4 2025.

  • For Q4 2025, Debt Ratio fell 6.29% year-over-year to 0.28; the TTM value through Dec 2025 reached 0.28, down 6.29%, while the annual FY2025 figure was 0.28, 6.29% down from the prior year.
  • Debt Ratio for Q4 2025 was 0.28 at Upwork, up from 0.27 in the prior quarter.
  • Over five years, Debt Ratio peaked at 0.52 in Q4 2022 and troughed at 0.01 in Q2 2021.
  • A 5-year average of 0.35 and a median of 0.36 in 2024 define the central range for Debt Ratio.
  • Biggest five-year swings in Debt Ratio: crashed 75.76% in 2021 and later surged 4097.18% in 2022.
  • Year by year, Debt Ratio stood at 0.52 in 2021, then grew by 0.6% to 0.52 in 2022, then plummeted by 34.3% to 0.34 in 2023, then decreased by 13.92% to 0.3 in 2024, then dropped by 6.29% to 0.28 in 2025.
  • Business Quant data shows Debt Ratio for UPWK at 0.28 in Q4 2025, 0.27 in Q3 2025, and 0.28 in Q2 2025.