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Upwork Inc. UPWK Accrued Expenses

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Other financials

Income statement

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Revenue$191.7M-1.7%
Gross profit$146.4M-3.4%
Operating income$28.1M-13.6%
Net income$25.4M-22.4%
EPS (diluted)$0.20-16.7%

Balance sheet

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Cash & equivalents$673.1M+32.8%
Total debt$740.1M+99.6%
Total equity$611.3M+0.4%
Total assets$1.3B+1.0%

Cash flow

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Operating cash flow$46.9M-35.4%
CapEx$1.6M-32.0%
Free cash flow$45.3M-35.5%

Valuation

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Market cap$1.21B-31.7%
Enterprise value$1.28B-22.0%
P/E11.9×+4.7×
P/S1.5×-0.8×

Profitability

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Gross margin77.2%-0.6pp
Operating margin15.1%+1.4pp
Net margin12.9%-18.8pp
FCF margin26%-0.1pp

Returns & leverage

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Return on equity16.7%-33.9pp
Debt / equity1.2×+0.6×
Current ratio1.4×-1.9×

Where this comes from

Reported directly by Upwork Inc. in its filing.

Tagged under the XBRL concept us-gaap:EmployeeRelatedLiabilitiesCurrent.

The source filing: Upwork Inc.’s 10-Q, filed August 10, 2026.

Filed
Aug 10, 2026, 4:50 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001627475-26-000047
(In thousands)June 30, 2026December 31, 2025
Accrued compensation and related benefits$27,131$51,858
Accrued taxes14,34919,715
Accrued vendor expenses14,01112,899
Accrued payment processing fees5,7864,708
Accrued talent costs1,7701,678
Operating lease liability, current4,3491,672
Other1,2871,493
Total accrued expenses and other current liabilities$68,683$94,023

Item 1. Financial Statements.

FAQ

What is Upwork Inc.'s accrued expenses?
Upwork Inc. (UPWK) reported accrued expenses of $27.13M in Q2 2026.
How has Upwork Inc.'s accrued expenses changed year-over-year?
Upwork Inc.'s accrued expenses increased by 4.7% year-over-year, from $25.91M to $27.13M.
What is the long-term trend for Upwork Inc.'s accrued expenses?
Over 5 years (2020 to 2025), Upwork Inc.'s accrued expenses has grown at a 203.3% compound annual growth rate (CAGR), from $202K to $51.86M.
What does accrued expenses mean?
Expenses incurred but not yet paid or invoiced — interest accruals, tax accruals, warranty reserves, and other timing differences.

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