Upwork (UPWK) Interest Expenses (2017 - 2023)

Upwork (UPWK) recorded quarterly Interest Expenses of $711000.0 in Q3 2023, little changed quarter-over-quarter from $713000.0 in Q2 2023, and down 36.35% on a YoY basis from $1.1 million in Q3 2022.

Upwork (UPWK) Interest Expenses (2017 - 2023) Analysis & Trends

Upwork's Interest Expenses history runs 7 years deep, the most recent figure standing at $711000.0 for Q3 2023.

  • In Q3 2023, Interest Expenses fell 36.35% year-over-year to $711000.0; the TTM figure through Jun 2024 stood at $711000.0 (down 82.45% YoY), while the FY2022 annual figure was $4.5 million, up 105.64% from the prior year.
  • Interest Expenses was $711000.0 for Q3 2023 at Upwork, roughly flat from $713000.0 in the prior quarter.
  • In the past five years, Interest Expenses ranged from a high of $1.1 million in Q4 2021 to a low of $110000.0 in Q2 2021.
  • Historically, Interest Expenses has averaged $593263.2 across 5 years, with a median of $373000.0 in 2019.
  • The sharpest annual moves came in 2021 and 2022: Interest Expenses plunged 57.36% in 2021, then soared 918.18% in 2022.
  • A 5-year view of Interest Expenses shows it stood at $259000.0 in 2019, then sank by 46.72% to $138000.0 in 2020, then soared by 715.22% to $1.1 million in 2021, then slipped by 0.36% to $1.1 million in 2022, then tumbled by 36.57% to $711000.0 in 2023.
  • The last three Interest Expenses figures came in at $711000.0 (Q3 2023), $713000.0 (Q2 2023), and $1.1 million (Q1 2023), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Expense (Qtr)
1 Nebius 1,913,603.98 Bn 1,913,603.98 Bn 295.20 Mn -63.70 Mn
2 Alphabet 4,425.33 Bn 4,209.71 Bn 102.29 Bn -
3 Meta Platforms 1,502.66 Bn 1,421.48 Bn 46.09 Bn -
4 Spotify Technology 119.69 Bn 109.44 Bn 1.75 Bn -30.44 Mn
5 Reddit 33.22 Bn 30.45 Bn 511.94 Mn -
6 Pinterest 13.64 Bn 12.34 Bn 768.96 Mn -
7 Kanzhun 13.02 Bn 10.92 Bn 255.62 Bn -
8 Snap 9.72 Bn 6.90 Bn 1.29 Bn 36.76 Mn
9 Zillow 8.26 Bn 7.48 Bn 519.00 Mn 4.00 Mn
10 Upwork 1.12 Bn 542.56 Mn 150.84 Mn -

Historic Data

Download Data
DateValue
Sep 30, 2023 711,000.00
Sep 30, 2023 711,000.00
Jun 30, 2023 713,000.00
Jun 30, 2023 713,000.00
Mar 31, 2023 1.10 Mn
Mar 31, 2023 1.10 Mn
Dec 31, 2022 1.12 Mn
Dec 31, 2022 1.12 Mn
Sep 30, 2022 1.12 Mn
Sep 30, 2022 1.12 Mn
Jun 30, 2022 1.12 Mn
Jun 30, 2022 1.12 Mn
Mar 31, 2022 1.13 Mn
Mar 31, 2022 1.13 Mn
Dec 31, 2021 1.13 Mn
Dec 31, 2021 1.13 Mn
Sep 30, 2021 746,000.00
Sep 30, 2021 746,000.00
Jun 30, 2021 110,000.00
Jun 30, 2021 110,000.00