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Upwork (UPWK) Operating Leases (2019 - 2026)

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

  • For Q4 2025, Operating Leases fell 13.26% year-over-year to $9.7 million; the TTM value through Dec 2025 reached $9.7 million, down 13.26%, while the annual FY2025 figure was $9.7 million, 13.26% down from the prior year.
  • Operating Leases for Q4 2025 was $9.7 million at Upwork, down from $10.1 million in the prior quarter.
  • Over five years, Operating Leases peaked at $23.1 million in Q4 2021 and troughed at $4.4 million in Q2 2024.
  • A 5-year average of $12.3 million and a median of $10.8 million in 2024 define the central range for Operating Leases.
  • Biggest five-year swings in Operating Leases: crashed 46.47% in 2024 and later soared 135.25% in 2025.
  • Year by year, Operating Leases stood at $23.1 million in 2021, then fell by 23.36% to $17.7 million in 2022, then plummeted by 33.4% to $11.8 million in 2023, then fell by 4.96% to $11.2 million in 2024, then decreased by 13.26% to $9.7 million in 2025.
  • Business Quant data shows Operating Leases for UPWK at $9.7 million in Q4 2025, $10.1 million in Q3 2025, and $10.4 million in Q2 2025.