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

Upwork's Free Cash Flow history runs 10 years deep, the most recent figure standing at $21.3 million for Q1 2026.

• In Q1 2026, Free Cash Flow fell 35.97% year-over-year to $21.3 million; the TTM figure through Mar 2026 stood at $236.3 million (up 40.1% YoY), while the FY2025 annual figure was $248.3 million, up 65.47% from the prior year.
• Free Cash Flow for Q1 2026 stood at $21.3 million, down from $63.8 million in the prior quarter.
• The five-year high for Free Cash Flow was $79.9 million in Q3 2025, with the low at -$11.8 million in Q1 2022.
• The 5-year median for Free Cash Flow is $21.3 million (2026), against an average of $28.4 million.
• The sharpest annual moves came in 2022 and 2024: Free Cash Flow slumped 2691.0% in 2022, then soared 2546.23% in 2024.
• Upwork's Free Cash Flow stood at $18.6 million in 2022, then gained by 7.87% to $20.0 million in 2023, then surged by 118.12% to $43.7 million in 2024, then jumped by 46.05% to $63.8 million in 2025, then plunged by 66.6% to $21.3 million in 2026.
• Business Quant data shows UPWK's Free Cash Flow at $21.3 million in Q1 2026, $63.8 million in Q4 2025, and $79.9 million in Q3 2025.