Upwork (UPWK) Total Debt (2017 - 2026)
Upwork (UPWK) posted quarterly Total Debt of $720.5 million for Q1 2026, up 101.03% year-over-year from $358.4 million in Q1 2025, and little changed quarter-over-quarter from $719.5 million in Q4 2025.
Upwork (UPWK) Total Debt (2017 - 2026) Analysis & Trends
Upwork's Total Debt history runs 10 years deep, the most recent figure standing at $720.5 million for Q1 2026.
- In Q1 2026, Total Debt rose 101.03% year-over-year to $720.5 million; the TTM figure through Mar 2026 stood at $720.5 million (up 101.03% YoY), while the FY2025 annual figure was $719.5 million, up 101.03% from the prior year.
- Total Debt for Q1 2026 stood at $720.5 million, roughly flat from $719.5 million in the prior quarter.
- The five-year high for Total Debt was $720.5 million in Q1 2026, with the low at $354.7 million in Q1 2023.
- The 5-year median for Total Debt is $358.4 million (2025), against an average of $469.4 million.
- The sharpest annual moves came in 2022 and 2023: Total Debt jumped 4124.76% in 2022, then sank 36.89% in 2023.
- Upwork's Total Debt stood at $564.3 million in 2022, then tumbled by 36.89% to $356.1 million in 2023, then grew by 0.52% to $357.9 million in 2024, then jumped by 101.03% to $719.5 million in 2025, then climbed by 0.13% to $720.5 million in 2026.
- Business Quant data shows UPWK's Total Debt at $720.5 million in Q1 2026, $719.5 million in Q4 2025, and $718.6 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,165.61 Bn | 3,736.57 Bn | 73.85 Bn | 98.17 Bn |
| 2 | Meta Platforms | 1,523.46 Bn | 1,433.20 Bn | 49.47 Bn | 83.66 Bn |
| 3 | Taboola.com | 1,141.85 Bn | 1,141.71 Bn | 139.48 Mn | 72.00 Mn |
| 4 | Baidu | 288.34 Bn | 283.85 Bn | 1.88 Mn | 8.95 Bn |
| 5 | Spotify Technology | 103.44 Bn | 93.20 Bn | 1.75 Bn | -1.53 Bn |
| 6 | Joyy | 77.39 Bn | 76.50 Bn | 205.64 Mn | 10.67 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | - |
| 8 | Nebius | 50.20 Bn | 40.57 Bn | 295.20 Mn | 8.45 Bn |
| 9 | 30.00 Bn | 27.22 Bn | 734.60 Mn | - | |
| 10 | Upwork | 1.07 Bn | 490.68 Mn | 150.84 Mn | 720.46 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 720.46 Mn |
| Dec 31, 2025 | 719.54 Mn |
| Sep 30, 2025 | 718.62 Mn |
| Jun 30, 2025 | 358.85 Mn |
| Mar 31, 2025 | 358.39 Mn |
| Dec 31, 2024 | 357.93 Mn |
| Sep 30, 2024 | 357.47 Mn |
| Jun 30, 2024 | 357.01 Mn |
| Mar 31, 2024 | 356.55 Mn |
| Dec 31, 2023 | 356.09 Mn |
| Sep 30, 2023 | 355.63 Mn |
| Jun 30, 2023 | 355.17 Mn |
| Mar 31, 2023 | 354.71 Mn |
| Dec 31, 2022 | 564.26 Mn |
| Sep 30, 2022 | 563.52 Mn |
| Jun 30, 2022 | 562.78 Mn |
| Mar 31, 2022 | 562.04 Mn |
| Dec 31, 2021 | 561.30 Mn |
| Sep 30, 2021 | 560.56 Mn |
| Jun 30, 2021 | 13.32 Mn |