Upwork (UPWK) Short-term Investments (2019 - 2026)
Upwork (UPWK) recorded Short-term Investments of $138.2 million in Q2 2026, down 59.8% from $343.51 million a year earlier and down 45.0% from the prior quarter.
Powered by 
Analysis
Upwork (UPWK) Short-term Investments (2019 - 2026) Analysis & Trends
At the end of FY2025, Upwork reported Short-term Investments of $378.43 million, up 19.6% from FY2024.
- Annual Short-term Investments has a five-year compound annual growth rate of 38.0% (FY2020 to FY2025).
- Across earlier years, Short-term Investments came in at $316.34 million in FY2024 (-32.8%), $470.46 million in FY2023 (-15.6%), $557.23 million in FY2022 (+12.0%) and $497.57 million in FY2021 (+558.4%).
- The Q2 2026 figure is the lowest quarterly Short-term Investments since Q3 2021.
- On a year-over-year basis, Short-term Investments rose in three of the last eight quarters, with an average decline of 14.7%.
- Peak year-over-year performance for Short-term Investments in the last five years was growth of 742.2% in Q1 2022, against a decline of 59.8% in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $251.33 million (Q1 2026), $378.43 million (Q4 2025) and $382.26 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,173.87 Bn | 3,931.39 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,849.67 Bn | 1,552.19 Bn | 49.47 Bn |
| 3 | Netflix | 279.23 Bn | 239.43 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 245.86 Bn | 63.73 Bn | 15.11 Bn |
| 5 | Shopify | 196.08 Bn | 173.27 Bn | 1.71 Bn |
| 6 | Uber Technologies | 138.90 Bn | 110.88 Bn | 6.38 Bn |
| 7 | Booking Holdings | 119.48 Bn | 52.53 Bn | - |
| 8 | PDD Holdings | 107.30 Bn | -144.64 Bn | 9.45 Bn |
| 9 | Spotify Technology | 97.33 Bn | 54.56 Bn | 1.86 Bn |
| 10 | Upwork | 1.00 Bn | -1.51 Bn | 146.37 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 138.20 Mn |
| Mar 31, 2026 | 251.33 Mn |
| Dec 31, 2025 | 378.43 Mn |
| Sep 30, 2025 | 382.26 Mn |
| Jun 30, 2025 | 343.51 Mn |
| Mar 31, 2025 | 317.62 Mn |
| Dec 31, 2024 | 316.34 Mn |
| Sep 30, 2024 | 312.72 Mn |
| Jun 30, 2024 | 314.94 Mn |
| Mar 31, 2024 | 465.94 Mn |
| Dec 31, 2023 | 470.46 Mn |
| Sep 30, 2023 | 408.42 Mn |
| Jun 30, 2023 | 362.56 Mn |
| Mar 31, 2023 | 407.64 Mn |
| Dec 31, 2022 | 557.23 Mn |
| Sep 30, 2022 | 519.38 Mn |
| Jun 30, 2022 | 532.26 Mn |
| Mar 31, 2022 | 551.78 Mn |
| Dec 31, 2021 | 497.57 Mn |
| Sep 30, 2021 | 96.76 Mn |
API Access
Upwork Short-term Investments 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=short-term-investments&ticker=UPWK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "short-term-investments", "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=short-term-investments&ticker=UPWK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();