Upwork (UPWK) Net Cash Flow (2017 - 2026)
Upwork (UPWK) posted quarterly Net Cash Flow of $57.0 million for Q1 2026, up 206.36% year-over-year from $18.6 million in Q1 2025, and up 1866.76% quarter-over-quarter from $2.9 million in Q4 2025.
Upwork (UPWK) Net Cash Flow (2017 - 2026) Analysis & Trends
Upwork's Net Cash Flow history runs 10 years deep, the most recent figure standing at $57.0 million for Q1 2026.
- In Q1 2026, Net Cash Flow rose 206.36% year-over-year to $57.0 million; the TTM figure through Mar 2026 stood at $11.7 million (down 95.7% YoY), while the FY2025 annual figure was -$26.7 million, down 112.76% from the prior year.
- Net Cash Flow for Q1 2026 stood at $57.0 million, up from $2.9 million in the prior quarter.
- The five-year high for Net Cash Flow was $153.9 million in Q2 2024, with the low at -$44.4 million in Q1 2024.
- The 5-year median for Net Cash Flow is -$1.3 million (2024), against an average of $10.8 million.
- Peak annual rise in Net Cash Flow reached 1550.56% in 2024, while the deepest fall reached 416.8% in 2024.
- Upwork's Net Cash Flow stood at -$35.4 million in 2022, then gained by 7.56% to -$32.8 million in 2023, then jumped by 96.12% to -$1.3 million in 2024, then jumped by 327.57% to $2.9 million in 2025, then soared by 1866.76% to $57.0 million in 2026.
- Business Quant data shows UPWK's Net Cash Flow at $57.0 million in Q1 2026, $2.9 million in Q4 2025, and -$30.9 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,178.85 Bn | 3,749.81 Bn | 73.85 Bn | 17.88 Bn |
| 2 | Meta Platforms | 1,530.61 Bn | 1,440.35 Bn | 49.47 Bn | -1.82 Bn |
| 3 | Taboola.com | 1,136.28 Bn | 1,136.15 Bn | 139.48 Mn | - |
| 4 | Baidu | 288.32 Bn | 283.82 Bn | 1.88 Mn | 902.61 Mn |
| 5 | Spotify Technology | 103.08 Bn | 92.84 Bn | 1.75 Bn | -50.34 Mn |
| 6 | Joyy | 77.33 Bn | 76.44 Bn | 205.64 Mn | - |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | -18,580.00 |
| 8 | Nebius | 49.08 Bn | 39.45 Bn | 295.20 Mn | 5.91 Bn |
| 9 | 30.08 Bn | 27.29 Bn | 734.60 Mn | 112.49 Mn | |
| 10 | Upwork | 1.08 Bn | 498.36 Mn | 150.84 Mn | 56.98 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 56.98 Mn |
| Mar 31, 2026 | 56.98 Mn |
| Dec 31, 2025 | 2.90 Mn |
| Dec 31, 2025 | 2.90 Mn |
| Sep 30, 2025 | -30.89 Mn |
| Sep 30, 2025 | -30.89 Mn |
| Jun 30, 2025 | -17.29 Mn |
| Jun 30, 2025 | -17.29 Mn |
| Mar 31, 2025 | 18.60 Mn |
| Mar 31, 2025 | 18.60 Mn |
| Dec 31, 2024 | -1.27 Mn |
| Dec 31, 2024 | -1.27 Mn |
| Sep 30, 2024 | 101.02 Mn |
| Sep 30, 2024 | 101.02 Mn |
| Jun 30, 2024 | 153.86 Mn |
| Jun 30, 2024 | 153.86 Mn |
| Mar 31, 2024 | -44.42 Mn |
| Mar 31, 2024 | -44.42 Mn |
| Dec 31, 2023 | -32.77 Mn |
| Dec 31, 2023 | -32.77 Mn |