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Upwork (UPWK) Free Cash Flow (2017 - 2026)

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

  • For Q4 2025, Free Cash Flow rose 115.06% year-over-year to $63.8 million; the TTM value through Dec 2025 reached $248.3 million, up 74.04%, while the annual FY2025 figure was $248.3 million, 74.04% up from the prior year.
  • Free Cash Flow for Q4 2025 was $63.8 million at Upwork, down from $79.9 million in the prior quarter.
  • Over five years, Free Cash Flow peaked at $79.9 million in Q3 2025 and troughed at -$17.0 million in Q4 2021.
  • A 5-year average of $22.0 million and a median of $12.3 million in 2022 define the central range for Free Cash Flow.
  • Biggest five-year swings in Free Cash Flow: tumbled 803.71% in 2022 and later surged 823.16% in 2024.
  • Year by year, Free Cash Flow stood at -$17.0 million in 2021, then surged by 135.4% to $6.0 million in 2022, then soared by 33.78% to $8.0 million in 2023, then soared by 268.4% to $29.6 million in 2024, then surged by 115.06% to $63.8 million in 2025.
  • Business Quant data shows Free Cash Flow for UPWK at $63.8 million in Q4 2025, $79.9 million in Q3 2025, and $71.4 million in Q2 2025.