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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 to Equity (2017 - 2025)

Upwork has reported Debt to Equity over the past 9 years, most recently at $0.57 for Q4 2025.

  • Quarterly results put Debt to Equity at $0.57 for Q4 2025, down 8.25% from a year ago — trailing twelve months through Dec 2025 was $0.57 (down 8.25% YoY), and the annual figure for FY2025 was $0.57, down 8.25%.
  • Debt to Equity for Q4 2025 was $0.57 at Upwork, roughly flat from $0.57 in the prior quarter.
  • Over the last five years, Debt to Equity for UPWK hit a ceiling of $2.32 in Q3 2022 and a floor of $0.02 in Q2 2021.
  • Median Debt to Equity over the past 5 years was $1.01 (2024), compared with a mean of $1.18.
  • Biggest five-year swings in Debt to Equity: crashed 76.13% in 2021 and later skyrocketed 10003.38% in 2022.
  • Upwork's Debt to Equity stood at $2.16 in 2021, then grew by 4.82% to $2.27 in 2022, then plummeted by 58.79% to $0.93 in 2023, then crashed by 33.43% to $0.62 in 2024, then fell by 8.25% to $0.57 in 2025.
  • The last three reported values for Debt to Equity were $0.57 (Q4 2025), $0.57 (Q3 2025), and $0.59 (Q2 2025) per Business Quant data.