Upwork (UPWK) Interest Expenses (2017 - 2023)
Upwork (UPWK) reported Interest Expenses of $711,000 for Q3 2023, down 36.3% from $1.12 million a year earlier and down 0.3% from the prior quarter.
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Analysis
Upwork (UPWK) Interest Expenses (2017 - 2023) Analysis & Trends
Over the twelve months ended Sep 30, 2023, Upwork's Interest Expenses came in at $3.65 million, down 18.7% year-over-year; for FY2022, it came in at $4.48 million, up 105.6% from FY2021.
- Interest Expenses has a five-year compound annual growth rate of 36.1% (FY2017 to FY2022).
- By year, Interest Expenses came in at $2.18 million in FY2021 (+180.2%), $778,000 in FY2020 (-40.4%), $1.31 million in FY2019 (-35.9%) and $2.04 million in FY2018 (+112.3%).
- The Q3 2023 figure ranks as the lowest quarterly Interest Expenses since Q2 2021.
- Year over year, Interest Expenses has now declined in each of the last four quarters, with growth averaging 259.2% over the last eight quarters.
- The high point for year-over-year Interest Expenses in five years was Q2 2022 (growth of 918.2%); the low point was Q2 2021 (a decline of 57.4%).
- Per Business Quant data, the three quarters before Q3 2023 came in at $713,000 (Q2 2023), $1.1 million (Q1 2023) and $1.12 million (Q4 2022).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,180.92 Bn | 3,938.44 Bn | 73.85 Bn | - |
| 2 | Meta Platforms | 1,847.76 Bn | 1,550.28 Bn | 49.47 Bn | - |
| 3 | Netflix | 289.73 Bn | 249.92 Bn | 6.52 Bn | 175.69 Mn |
| 4 | Alibaba Group Holding | 249.81 Bn | 67.68 Bn | 15.11 Bn | -345.42 Mn |
| 5 | Shopify | 192.08 Bn | 169.26 Bn | 1.71 Bn | - |
| 6 | Uber Technologies | 139.76 Bn | 111.74 Bn | 6.38 Bn | 127.00 Mn |
| 7 | Booking Holdings | 122.41 Bn | 55.46 Bn | - | 300.00 Mn |
| 8 | PDD Holdings | 110.94 Bn | -140.99 Bn | 9.45 Bn | - |
| 9 | Spotify Technology | 100.32 Bn | 57.56 Bn | 1.86 Bn | -24.41 Mn |
| 10 | Upwork | 1.02 Bn | -1.49 Bn | 146.37 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2023 | 711,000.00 |
| Jun 30, 2023 | 713,000.00 |
| Mar 31, 2023 | 1.10 Mn |
| Dec 31, 2022 | 1.12 Mn |
| Sep 30, 2022 | 1.12 Mn |
| Jun 30, 2022 | 1.12 Mn |
| Mar 31, 2022 | 1.13 Mn |
| Dec 31, 2021 | 1.13 Mn |
| Sep 30, 2021 | 746,000.00 |
| Jun 30, 2021 | 110,000.00 |
| Mar 31, 2021 | 199,000.00 |
| Dec 31, 2020 | 138,000.00 |
| Sep 30, 2020 | 152,000.00 |
| Jun 30, 2020 | 258,000.00 |
| Mar 31, 2020 | 230,000.00 |
| Dec 31, 2019 | 259,000.00 |
| Sep 30, 2019 | 317,000.00 |
| Jun 30, 2019 | 357,000.00 |
| Mar 31, 2019 | 373,000.00 |
| Dec 31, 2018 | 364,000.00 |
API Access
Upwork Interest Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-expenses&ticker=UPWK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expenses", "ticker": "UPWK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-expenses&ticker=UPWK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();