Growth Metrics

Upwork (UPWK) Leases (2019 - 2025)

Upwork has reported Leases over the past 7 years, most recently at $5.0 million for Q4 2025.

  • Quarterly results put Leases at $5.0 million for Q4 2025, down 12.88% from a year ago — trailing twelve months through Dec 2025 was $5.0 million (down 12.88% YoY), and the annual figure for FY2025 was $5.0 million, down 12.88%.
  • Leases for Q4 2025 was $5.0 million at Upwork, down from $5.2 million in the prior quarter.
  • Over the last five years, Leases for UPWK hit a ceiling of $18.8 million in Q1 2021 and a floor of $3.5 million in Q1 2024.
  • Median Leases over the past 5 years was $6.2 million (2023), compared with a mean of $7.7 million.
  • Biggest five-year swings in Leases: crashed 48.76% in 2024 and later surged 59.21% in 2025.
  • Upwork's Leases stood at $10.7 million in 2021, then fell by 28.82% to $7.6 million in 2022, then crashed by 43.01% to $4.3 million in 2023, then surged by 32.75% to $5.8 million in 2024, then decreased by 12.88% to $5.0 million in 2025.
  • The last three reported values for Leases were $5.0 million (Q4 2025), $5.2 million (Q3 2025), and $5.4 million (Q2 2025) per Business Quant data.