Upwork (UPWK) Operating Leases (2019 - 2026)
Upwork (UPWK) posted quarterly Operating Leases of $15.2 million for Q1 2026, up 46.34% year-over-year from $10.4 million in Q1 2025, and up 56.56% quarter-over-quarter from $9.7 million in Q4 2025.
Upwork (UPWK) Operating Leases (2019 - 2026) Analysis & Trends
Upwork's Operating Leases history runs 8 years deep, the most recent figure standing at $15.2 million for 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, down 13.26% from the prior year.
- Operating Leases for Q1 2026 stood at $15.2 million, up from $9.7 million in the prior quarter.
- The five-year high for Operating Leases was $15.4 million in Q1 2022, with the low at $4.4 million in Q2 2024.
- The 5-year median for Operating Leases is $10.1 million (2025), against an average of $10.0 million.
- The sharpest annual moves came in 2024 and 2025: Operating Leases sank 46.47% in 2024, then surged 135.25% in 2025.
- Upwork's Operating Leases stood at $11.2 million in 2022, then plunged by 45.53% to $6.1 million in 2023, then jumped by 83.82% to $11.2 million in 2024, then declined by 13.26% to $9.7 million in 2025, then soared by 56.56% to $15.2 million in 2026.
- Business Quant data shows UPWK's Operating Leases at $15.2 million in Q1 2026, $9.7 million in Q4 2025, and $10.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,165.61 Bn | 3,736.57 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,523.46 Bn | 1,433.20 Bn | 49.47 Bn |
| 3 | Taboola.com | 1,141.85 Bn | 1,141.71 Bn | 139.48 Mn |
| 4 | Baidu | 288.34 Bn | 283.85 Bn | 1.88 Mn |
| 5 | Spotify Technology | 103.44 Bn | 93.20 Bn | 1.75 Bn |
| 6 | Joyy | 77.39 Bn | 76.50 Bn | 205.64 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 |
| 8 | Nebius | 50.20 Bn | 40.57 Bn | 295.20 Mn |
| 9 | 30.00 Bn | 27.22 Bn | 734.60 Mn | |
| 10 | Upwork | 1.07 Bn | 490.68 Mn | 150.84 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 15.20 Mn |
| Dec 31, 2025 | 9.71 Mn |
| Sep 30, 2025 | 10.13 Mn |
| Jun 30, 2025 | 10.35 Mn |
| Mar 31, 2025 | 10.39 Mn |
| Dec 31, 2024 | 11.19 Mn |
| Sep 30, 2024 | 9.22 Mn |
| Jun 30, 2024 | 4.40 Mn |
| Mar 31, 2024 | 5.31 Mn |
| Dec 31, 2023 | 6.09 Mn |
| Sep 30, 2023 | 6.93 Mn |
| Jun 30, 2023 | 8.22 Mn |
| Mar 31, 2023 | 9.71 Mn |
| Dec 31, 2022 | 11.18 Mn |
| Sep 30, 2022 | 12.62 Mn |
| Jun 30, 2022 | 14.04 Mn |
| Mar 31, 2022 | 15.41 Mn |
| Dec 31, 2021 | 16.75 Mn |
| Sep 30, 2021 | 18.08 Mn |
| Jun 30, 2021 | 18.76 Mn |