Growth Metrics

Upwork (UPWK) Invested Capital (2017 - 2025)

Upwork (UPWK) has 9 years of Invested Capital data on record, last reported at $990.1 million in Q4 2025.

  • For Q4 2025, Invested Capital rose 6.08% year-over-year to $990.1 million; the TTM value through Dec 2025 reached $990.1 million, up 6.08%, while the annual FY2025 figure was $990.1 million, 6.08% up from the prior year.
  • Invested Capital reached $990.1 million in Q4 2025 per UPWK's latest filing, roughly flat from $987.4 million in the prior quarter.
  • Across five years, Invested Capital topped out at $990.1 million in Q4 2025 and bottomed at $248.9 million in Q4 2022.
  • Average Invested Capital over 5 years is $575.3 million, with a median of $502.8 million recorded in 2024.
  • Peak YoY movement for Invested Capital: surged 180.58% in 2021, then crashed 69.68% in 2022.
  • A 5-year view of Invested Capital shows it stood at $820.8 million in 2021, then plummeted by 69.68% to $248.9 million in 2022, then surged by 53.12% to $381.1 million in 2023, then surged by 144.91% to $933.3 million in 2024, then rose by 6.08% to $990.1 million in 2025.
  • Per Business Quant database, its latest 3 readings for Invested Capital were $990.1 million in Q4 2025, $987.4 million in Q3 2025, and $608.7 million in Q2 2025.