Upwork, Inc (UPWK) Operating Leases (2019 - 2026)

Upwork (UPWK) has reported Operating Leases for 8 consecutive years, with $15.2 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Operating Leases rose 46.34% year-over-year to $15.2 million; the TTM figure through Mar 2026 stood at $15.2 million (up 46.34% YoY), while the FY2025 annual figure was $9.7 million, up 1.46% from the prior year.
• Operating Leases came in at $15.2 million for Q1 2026 at Upwork, up from $9.7 million in the prior quarter.
• The five-year high for Operating Leases was $17.7 million in Q4 2022, with the low at $4.4 million in Q2 2024.
• Average Operating Leases over 5 years is $10.3 million, with a median of $9.7 million recorded in 2023.
• Across the five-year window, Operating Leases sank 65.56% in 2023 and soared 135.25% in 2025, its largest moves.
• Year by year, Operating Leases stood at $17.7 million in 2022, then sank by 65.56% to $6.1 million in 2023, then soared by 57.15% to $9.6 million in 2024, then grew by 1.46% to $9.7 million in 2025, then jumped by 56.56% to $15.2 million in 2026.
• According to Business Quant data, Operating Leases over the past three periods registered $15.2 million, $9.7 million, and $10.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.