Upwork (UPWK) Other Working Capital Changes (2017 - 2026)
Upwork (UPWK) reported Other Working Capital Changes of $5.17 million for Q3 2026, up 56.6% from $3.3 million a year earlier.
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Analysis
Upwork (UPWK) Other Working Capital Changes (2017 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Upwork's Other Working Capital Changes came in at -$3.41 million; for FY2025, it came in at -$1.89 million.
- By year, Other Working Capital Changes came in at -$15.89 million in FY2024, -$20.3 million in FY2023, $4.26 million in FY2022 (-42.9%) and $7.45 million in FY2021 (+85.1%).
- The Q3 2026 figure ranks as the highest quarterly Other Working Capital Changes in data going back to Q4 2017.
- Per Business Quant data, the three quarters before Q3 2026 came in at -$2.31 million (Q2 2026), -$3.07 million (Q1 2026) and -$3.2 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 3,505.75 Bn | 3,240.65 Bn | 76.16 Bn |
| 2 | Meta Platforms | 1,636.37 Bn | 1,300.89 Bn | 51.23 Bn |
| 3 | Netflix | 264.79 Bn | 226.09 Bn | 6.80 Bn |
| 4 | Alibaba Group Holding | 244.49 Bn | 58.13 Bn | 15.16 Bn |
| 5 | Shopify | 196.00 Bn | 174.81 Bn | 1.78 Bn |
| 6 | Uber Technologies | 145.16 Bn | 115.98 Bn | 6.42 Bn |
| 7 | AppLovin | 136.87 Bn | 125.40 Bn | 1.94 Bn |
| 8 | Spotify Technology | 125.04 Bn | 81.96 Bn | 1.89 Bn |
| 9 | Booking Holdings | 122.68 Bn | 56.42 Bn | - |
| 10 | Upwork | 1.22 Bn | -951.96 Mn | 141.30 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 5.17 Mn |
| Jun 30, 2026 | -2.31 Mn |
| Mar 31, 2026 | -3.07 Mn |
| Dec 31, 2025 | -3.20 Mn |
| Sep 30, 2025 | 3.30 Mn |
| Jun 30, 2025 | 244,000.00 |
| Mar 31, 2025 | -2.24 Mn |
| Dec 31, 2024 | 163,000.00 |
| Sep 30, 2024 | -409,000.00 |
| Jun 30, 2024 | -7.86 Mn |
| Mar 31, 2024 | -7.79 Mn |
| Dec 31, 2023 | -8.41 Mn |
| Sep 30, 2023 | -4.07 Mn |
| Jun 30, 2023 | -5.29 Mn |
| Mar 31, 2023 | -2.53 Mn |
| Dec 31, 2022 | -2.43 Mn |
| Sep 30, 2022 | 2.21 Mn |
| Jun 30, 2022 | -519,000.00 |
| Mar 31, 2022 | -1.02 Mn |
| Dec 31, 2021 | -3.74 Mn |
API Access
Upwork Other Working Capital Changes API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=other-working-capital-changes&ticker=UPWK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-working-capital-changes", "ticker": "UPWK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=other-working-capital-changes&ticker=UPWK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();