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Upwork (UPWK) Operating Leases (2019 - 2025)

Upwork has reported Operating Leases over the past 7 years, most recently at $9.7 million for Q4 2025.

  • Quarterly results put Operating Leases at $9.7 million for Q4 2025, down 13.26% from a year ago — trailing twelve months through Dec 2025 was $9.7 million (down 13.26% YoY), and the annual figure for FY2025 was $9.7 million, down 13.26%.
  • Operating Leases for Q4 2025 was $9.7 million at Upwork, down from $10.1 million in the prior quarter.
  • Over the last five years, Operating Leases for UPWK hit a ceiling of $23.1 million in Q4 2021 and a floor of $4.4 million in Q2 2024.
  • Median Operating Leases over the past 5 years was $10.8 million (2024), compared with a mean of $12.3 million.
  • Biggest five-year swings in Operating Leases: tumbled 46.47% in 2024 and later surged 135.25% in 2025.
  • Upwork's Operating Leases stood at $23.1 million in 2021, then decreased by 23.36% to $17.7 million in 2022, then crashed by 33.4% to $11.8 million in 2023, then decreased by 4.96% to $11.2 million in 2024, then dropped by 13.26% to $9.7 million in 2025.
  • The last three reported values for Operating Leases were $9.7 million (Q4 2025), $10.1 million (Q3 2025), and $10.4 million (Q2 2025) per Business Quant data.