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Upwork (UPWK) Operating Leases (2019 - 2025)

Upwork (UPWK) has 7 years of Operating Leases data on record, last reported at $10.1 million in Q3 2025.

  • For Q3 2025, Operating Leases rose 9.88% year-over-year to $10.1 million; the TTM value through Sep 2025 reached $10.1 million, up 9.88%, while the annual FY2024 figure was $9.6 million, 57.15% up from the prior year.
  • Operating Leases reached $10.1 million in Q3 2025 per UPWK's latest filing, down from $10.4 million in the prior quarter.
  • Across five years, Operating Leases topped out at $19.7 million in Q1 2021 and bottomed at $4.8 million in Q2 2024.
  • Average Operating Leases over 5 years is $11.4 million, with a median of $10.4 million recorded in 2025.
  • Peak YoY movement for Operating Leases: tumbled 45.53% in 2023, then soared 114.08% in 2025.
  • A 5-year view of Operating Leases shows it stood at $16.8 million in 2021, then plummeted by 33.28% to $11.2 million in 2022, then crashed by 45.53% to $6.1 million in 2023, then soared by 57.15% to $9.6 million in 2024, then increased by 5.9% to $10.1 million in 2025.
  • Per Business Quant database, its latest 3 readings for Operating Leases were $10.1 million in Q3 2025, $10.4 million in Q2 2025, and $10.4 million in Q1 2025.