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

Upwork (UPWK) has reported Free Cash Flow for 10 consecutive years, with $14.6 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Free Cash Flow fell 59.47% year-over-year to $14.6 million; the TTM figure through Mar 2026 stood at $207.4 million (up 20.97% YoY), while the FY2025 annual figure was $228.9 million, up 52.57% from the prior year.
• Free Cash Flow came in at $14.6 million for Q1 2026 at Upwork, down from $44.4 million in the prior quarter.
• The five-year high for Free Cash Flow was $75.1 million in Q3 2025, with the low at -$11.8 million in Q1 2022.
• Average Free Cash Flow over 5 years is $26.4 million, with a median of $19.5 million recorded in 2023.
• Across the five-year window, Free Cash Flow sank 752.16% in 2022 and surged 2392.46% in 2024, its largest moves.
• Year by year, Free Cash Flow stood at $11.1 million in 2022, then surged by 75.79% to $19.5 million in 2023, then soared by 81.76% to $35.4 million in 2024, then advanced by 25.57% to $44.4 million in 2025, then plunged by 67.06% to $14.6 million in 2026.
• According to Business Quant data, Free Cash Flow over the past three periods registered $14.6 million, $44.4 million, and $75.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.