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Upwork (UPWK) Free Cash Flow (2017 - 2025)

Upwork has reported Free Cash Flow over the past 9 years, most recently at $63.8 million for Q4 2025.

  • Quarterly results put Free Cash Flow at $63.8 million for Q4 2025, up 115.06% from a year ago — trailing twelve months through Dec 2025 was $248.3 million (up 74.04% YoY), and the annual figure for FY2025 was $248.3 million, up 74.04%.
  • Free Cash Flow for Q4 2025 was $63.8 million at Upwork, down from $79.9 million in the prior quarter.
  • Over the last five years, Free Cash Flow for UPWK hit a ceiling of $79.9 million in Q3 2025 and a floor of -$17.0 million in Q4 2021.
  • Median Free Cash Flow over the past 5 years was $12.3 million (2022), compared with a mean of $22.0 million.
  • Biggest five-year swings in Free Cash Flow: plummeted 803.71% in 2022 and later skyrocketed 823.16% in 2024.
  • Upwork's Free Cash Flow stood at -$17.0 million in 2021, then skyrocketed by 135.4% to $6.0 million in 2022, then surged by 33.78% to $8.0 million in 2023, then surged by 268.4% to $29.6 million in 2024, then skyrocketed by 115.06% to $63.8 million in 2025.
  • The last three reported values for Free Cash Flow were $63.8 million (Q4 2025), $79.9 million (Q3 2025), and $71.4 million (Q2 2025) per Business Quant data.