Upwork (UPWK) Debt Ratio (2017 - 2026)

Upwork's Debt Ratio history runs 10 years deep, the most recent figure standing at 0.58 for Q1 2026.

• In Q1 2026, Debt Ratio rose 100.72% year-over-year to 0.58; the TTM figure through Mar 2026 stood at 0.58 (up 100.72% YoY), while the FY2025 annual figure was 0.55, up 87.42% from the prior year.
• Debt Ratio for Q1 2026 stood at 0.58, up from 0.55 in the prior quarter.
• The five-year high for Debt Ratio was 0.58 in Q1 2026, with the low at 0.28 in Q2 2025.
• The 5-year median for Debt Ratio is 0.38 (2023), against an average of 0.42.
• The sharpest annual moves came in 2022 and 2023: Debt Ratio soared 2098.31% in 2022, then slumped 34.3% in 2023.
• Upwork's Debt Ratio stood at 0.52 in 2022, then sank by 34.3% to 0.34 in 2023, then decreased by 13.92% to 0.3 in 2024, then jumped by 87.42% to 0.55 in 2025, then gained by 4.77% to 0.58 in 2026.
• Business Quant data shows UPWK's Debt Ratio at 0.58 in Q1 2026, 0.55 in Q4 2025, and 0.55 in Q3 2025.