Upwork (UPWK) Debt Ratio (2017 - 2026)

Upwork's Debt Ratio history runs 10 years deep, the most recent figure standing at 0.29 for Q1 2026.

• In Q1 2026, Debt Ratio changed 0.36% year-over-year to 0.29; the TTM figure through Mar 2026 stood at 0.29 (changed 0.36% YoY), while the FY2025 annual figure was 0.28, down 6.29% from the prior year.
• Debt Ratio was 0.29 for Q1 2026 at Upwork, up from 0.28 in the prior quarter.
• In the past five years, Debt Ratio ranged from a high of 0.52 in Q4 2022 to a low of 0.27 in Q3 2025.
• Historically, Debt Ratio has averaged 0.37 across 5 years, with a median of 0.35 in 2024.
• The sharpest annual moves came in 2022 and 2023: Debt Ratio surged 4097.18% in 2022, then tumbled 34.3% in 2023.
• A 5-year view of Debt Ratio shows it stood at 0.52 in 2022, then slumped by 34.3% to 0.34 in 2023, then slipped by 13.92% to 0.3 in 2024, then decreased by 6.29% to 0.28 in 2025, then advanced by 4.77% to 0.29 in 2026.
• The last three Debt Ratio figures came in at 0.29 (Q1 2026), 0.28 (Q4 2025), and 0.27 (Q3 2025), per Business Quant data.