What are Upwork Inc.'s total assets?

Upwork Inc. (UPWK) holds $1.2B in total assets, up 0.1% year over year.

How much debt does Upwork Inc. have?

Upwork Inc. carries $739.7M in total debt against $569.6M of shareholders' equity, a debt-to-equity ratio of 1.30.

How much cash does Upwork Inc. have?

Upwork Inc. holds $535.9M in cash and equivalents.

Can Upwork Inc. cover its short-term obligations?

Its current ratio is 1.36 — current assets exceed current liabilities.

Where does Upwork Inc.'s balance sheet data come from?

Every line is extracted from Upwork Inc.'s SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Upwork Inc. UPWK Balance Sheet Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Cash and cash equivalents	$535.89M+2.2%	$478.91M-5.3%	$476.01M-6.1%	$506.9M+24.9%	$524.19M+108%
Short-term investments	$251.33M-20.9%	$378.43M+19.6%	$382.26M+22.2%	$343.51M+9.1%	$317.62M-31.8%
Restricted cash	$3.8M0.0%	$3.8M-7.3%	$3.8M-7.3%	$3.8M-13.4%	$3.8M-13.4%
Accounts receivable, net	$75.91M-2.6%	$76.24M+1.0%	$76.43M+10.1%	$71.23M-38.9%	$77.92M-31.9%
Prepaid expenses and other current assets	$23.97M+8.5%	$21.06M+18.8%	$18.05M-6.8%	$21.14M-7.0%	$22.09M+10.0%
Trading assets	——	——	——	——	——
Total current assets	$883.3M-5.8%	$950.83M+4.4%	$948.95M+4.9%	$938.98M+9.7%	$938.01M+10.6%
Property and equipment, net	$49.28M+41.1%	$44.42M+47.8%	$40.37M+35.1%	$38.11M+35.4%	$34.93M+28.7%
Accumulated depreciation	$61.44M+31.0%	$55.5M+25.1%	$50.9M+1.8%	$46.48M-0.9%	$46.91M+7.4%
Operating lease right-of-use assets	$12.66M+128%	$5.01M-12.9%	$5.19M-19.5%	$5.37M+104%	$5.55M+59.2%
Goodwill	$149.19M+23.2%	$149.19M+23.2%	$150.47M+27.3%	$141.47M+19.7%	$121.06M+2.4%
Intangible assets, net	$34.23M+206%	$37.16M+186%	$39.66M+2,033%	$9.53M—	$11.17M—
Deferred tax assets	$474.68M—	$491.04M—	$508.32M—	$383.26M—	——
Other non-current assets	$1.89M+20.1%	$1.47M-23.6%	$1.51M-23.8%	$1.54M-6.1%	$1.58M+20.2%
Available-for-sale securities	——	——	——	——	——
Total assets	$1.24B+0.2%	$1.3B+7.3%	$1.31B+23.4%	$1.26B+25.1%	$1.24B+23.9%
Accounts payable	$11.09M+170%	$7.86M+28.2%	$8.51M+52.0%	$1.03M-82.5%	$4.12M-30.4%
Accrued expenses	$16.19M+14.2%	$51.86M+69.1%	$39.44M+48.2%	$25.91M+39.0%	$14.17M-0.6%
Deferred revenue	$8.2M+9.4%	$7.77M+6.8%	$7.94M-9.6%	$7.8M-27.5%	$7.5M-46.3%
Current portion of long-term debt	——	——	——	——	——
Operating lease liabilities, current	$4.05M+147%	$1.67M+3.0%	$1.66M-40.2%	$1.65M-56.8%	$1.64M-82.9%
Income taxes payable	$24.08M—	——	——	——	——
Total current liabilities	$647.2M+136%	$650.17M+142%	$660.48M+132%	$279.62M-1.9%	$274.7M-5.1%
Long-term debt	$360.23M+0.5%	$0-100%	$0-100%	$358.85M+0.5%	$358.39M+0.5%
Operating lease liabilities, non-current	$15.2M+46.3%	$9.71M+1.5%	$10.13M+9.9%	$10.35M+114%	$10.39M+95.6%
Operating Lease Liabilities (Total)	——	——	——	——	——
Other non-current liabilities	$9.93M+340%	$9.39M+2,949%	$12.48M+3,356%	$4.24M+703%	$2.25M+278%
Total liabilities	$672.33M+4.1%	$669.27M+5.2%	$683.08M+4.8%	$653.06M+0.9%	$645.72M-1.0%
Common stock	490M0.0%	490M+3,499,900%	490M0.0%	490M0.0%	490M0.0%
Additional paid-in capital	$501.07M-21.0%	$592.6M-9.3%	$605.93M-4.7%	$615.94M+0.2%	$634.53M+1.2%
Retained earnings	$68.41M+268%	$36.95M+147%	$21.32M+109%	-$8.02M+96.8%	-$40.75M+85.2%
Accumulated other comprehensive income (loss)	$139K-74.6%	$754K+186%	$867K-29.1%	$724K+237%	$548K+242%
Total stockholders' equity	$569.63M-4.2%	$630.32M+9.5%	$628.13M+52.8%	$608.65M+68.6%	$594.34M+70.4%
Total liabilities and stockholders' equity	$1.24B+0.2%	$1.3B+7.3%	$1.31B+23.4%	$1.26B+25.1%	$1.24B+23.9%
Available-for-Sale Debt Securities - Amortized Cost	$427.61M-19.7%	$490.86M-3.7%	$494.71M-1.8%	$500.31M+11.9%	$532.52M+7.5%
Available-for-Sale Debt Securities - Amortized Cost (Due Within One Year)	——	——	——	——	——
Available-for-Sale Debt Securities - Fair Value by Maturity	——	——	——	——	——
Available-for-Sale Debt Securities - Single Maturity Date	——	——	——	——	——
Allowance for Doubtful Accounts	$6.33M+18.8%	$5.92M+27.4%	$6.49M+55.5%	$5.33M+8.8%	$5.33M+11.2%
Allowance for Doubtful Accounts Receivable (Current)	$6.33M+18.8%	$5.92M+27.4%	$6.49M+55.5%	$5.33M+8.8%	$5.33M+11.2%
Short- term Investments	$251.33M-20.9%	$378.43M+19.6%	$382.26M+22.2%	$343.51M+9.1%	$317.62M-31.8%
Available-for-Sale Debt Securities - Fair Value (Maturing 1 to 5 Years)	——	——	——	——	——
Deferred Tax Assets and Other Non-Current Assets	$1.89M+20.1%	$1.47M-23.6%	$1.51M-23.8%	$1.54M-6.1%	$1.58M+20.2%
Finite Lived Intangible Assets - Gross	$48.79M—	$48.79M—	$48.79M—	——	——
Net Investment in Lease	$12.66M+128%	$5.01M-12.9%	$5.19M-19.5%	$5.37M+104%	$5.55M+59.2%
Deferred tax assets	$111.4M—	$111.5M—	$125.07M—	——	——
Intangible assets — net	$34.23M+206%	$37.16M+186%	$39.66M+2,033%	$9.53M—	$11.17M—
Operating lease right-of-use assets	$12.66M+128%	$5.01M-12.9%	$5.19M-19.5%	$5.37M+104%	$5.55M+59.2%
Other non-current assets	$1.89M+20.1%	$1.47M-23.6%	$1.51M-23.8%	$1.54M-6.1%	$1.58M+20.2%
Property, plant and equipment at cost	$110.71M+35.3%	$99.92M+34.3%	$91.28M+14.3%	$84.59M+12.7%	$81.83M+15.6%
Operating Lease Right-of-Use Assets in Other Assets	$12.66M+128%	$5.01M-12.9%	$5.19M-19.5%	$5.37M+104%	$5.55M+59.2%
Software and Technology Licenses, Net	$1.89M+20.1%	$1.47M-23.6%	$1.51M-23.8%	$1.54M-6.1%	$1.58M+20.2%
Accrued Manufacturing Costs	$16.19M+14.2%	$51.86M+69.1%	$39.44M+48.2%	$25.91M+39.0%	$14.17M-0.6%
Accrued expenses and other current liabilities	$63.99M+35.7%	$94.02M+58.6%	$73.34M+31.5%	$58.76M+18.0%	$47.14M+1.0%
Compensation and benefits	$16.19M+14.2%	$51.86M+69.1%	$39.44M+48.2%	$25.91M+39.0%	$14.17M-0.6%
Escrow funds payable	$203.69M-5.7%	$180.75M-7.7%	$211.37M-1.4%	$212.03M-3.0%	$215.94M-3.1%
Short-Term Debt - Weighted-Average Interest Rate	0.8%0.0%	0.8%0.0%	0.8%0.0%	0.8%0.0%	0.8%0.0%
Contingent Consideration Liability (Non-Current)	——	——	——	——	——
Debt Instrument Face Amount	$0—	$0—	$0—	$0—	$0—
Debt - Unamortized Discount (Premium) and Issuance Costs, Net	$767K-70.6%	$1.23M-60.0%	$1.69M-52.2%	$2.15M-46.1%	$2.61M-41.4%
Total debt	$739.71M+99.7%	$371.15M+0.5%	$371.1M+0.4%	$370.85M+1.4%	$370.41M-0.3%
Total Carrying Value of Debt	$361M0.0%	$361M0.0%	$361M0.0%	$361M0.0%	$361M0.0%
Common Stock Par Value Per Share	$0.000.0%	$0.000.0%	$0.000.0%	$0.000.0%	$0.000.0%
Common Stock Shares Issued	123.6M-7.8%	130.5M-3.5%	131.4M-1.6%	132.5M+0.4%	134M+0.7%
Additional paid-in capital	$501.07M-21.0%	$592.6M-9.3%	$605.93M-4.7%	$615.94M+0.2%	$634.53M+1.2%
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	$12K-7.7%	$13K-7.1%	$13K0.0%	$13K0.0%	$13K0.0%
Unrealized Gains on Investments	$276K-55.9%	$786K+54.4%	$800K-35.7%	$657K+813%	$626K+469%
Unrealized Losses on Investments (Before Tax)	$129K+63.3%	$1K-99.5%	$14K+16.7%	$53K-90.6%	$79K-82.9%
Cumulative Cost Basis	$110.71M+35.3%	$99.92M+34.3%	$91.28M+14.3%	$84.59M+12.7%	$81.83M+15.6%
Line of Credit Maximum Borrowing Capacity	$300K0.0%	$300K-50.0%	$300K-50.0%	$300K-62.5%	$300K-62.5%
Accrued payment processing fees	$5.15M+4.4%	$4.71M+5.1%	$4.84M+7.5%	$4.78M+26.5%	$4.94M+169%
Accrued talent costs	$1.58M-24.0%	$1.68M—	$1.66M—	$2.4M—	$2.08M—
Accrued vendor expenses	$11.77M+30.0%	$12.9M+36.0%	$11.86M+52.1%	$10.81M+27.0%	$9.06M+433%
Allowance for doubtful accounts	$6.33M+18.8%	$5.92M+27.4%	$6.49M+55.5%	$5.33M+8.8%	$5.33M+11.2%
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	$129K+63.3%	$1K-99.5%	$14K+16.7%	$53K-90.6%	$79K-82.9%
Gross Unrealized Gains	$276K-55.9%	$786K+54.4%	$800K-35.7%	$657K+813%	$626K+469%
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five	——	——	——	——	——
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five	——	——	——	——	——
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Amortized Cost	——	——	——	——	——
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One	——	——	——	——	——
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One	——	——	——	——	——
Business Combination, Contingent Consideration, Liability	——	——	——	——	——
Common stock, par value (in dollars per share)	$00.0%	$00.0%	$00.0%	$00.0%	$00.0%
Common stock, shares authorized (in shares)	$490M0.0%	$490M0.0%	$490M0.0%	$490M0.0%	$490M0.0%
Common stock, shares issued (in shares)	$123.57M-7.8%	$130.55M-3.5%	$131.39M-1.6%	$132.51M+0.4%	$134.05M+0.7%
Common Stock, Shares, Outstanding	$123.57M-7.8%	$130.55M-3.5%	$131.39M-1.6%	$132.51M+0.4%	$134.05M+0.7%
Long-term debt, gross	$361M0.0%	$361M0.0%	$361M0.0%	$361M0.0%	$361M0.0%
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	$767K-70.6%	$1.23M-60.0%	$1.69M-52.2%	$2.15M-46.1%	$2.61M-41.4%
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, after Allowance for Credit Loss	$427.61M-19.7%	$490.86M-3.7%	$494.71M-1.8%	$500.31M+11.9%	$532.52M+7.5%
Estimated Fair Value	$427.75M-19.8%	$491.64M-3.6%	$495.49M-1.9%	$500.92M+12.2%	$533.07M+7.7%
Weighted Average Interest Rate (as a percent)	$0.010.0%	$0.010.0%	$0.010.0%	$0.01+1.3%	$0.01+1.3%
Escrow deposit	$203.69M-5.7%	$180.75M-7.7%	$211.37M-1.4%	$212.03M-3.0%	$215.94M-3.1%
Finite-Lived Intangible Assets, Accumulated Amortization	$14.56M—	$11.63M—	$9.13M—	——	——
Gross Carrying Amount	$48.79M—	$48.79M—	$48.79M—	——	——
Funds held in escrow, including funds in transit	$203.69M-5.7%	$180.75M-7.7%	$211.37M-1.4%	$212.03M-3.0%	$215.94M-3.1%
Amount outstanding under the credit facility	$0—	$0—	$0—	$0—	$0—
Committed Revolving Credit Facilities	$300K0.0%	$300K-50.0%	$300K-50.0%	$300K-62.5%	$300K-62.5%
Other accrued liabilities	$1.17M+84.0%	$1.49M+75.2%	$1.23M+85.1%	$823K-3.2%	$638K-0.2%

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Questions, answered.

What are Upwork Inc.'s total assets?: Upwork Inc. (UPWK) holds $1.2B in total assets, up 0.1% year over year.
How much debt does Upwork Inc. have?: Upwork Inc. carries $739.7M in total debt against $569.6M of shareholders' equity, a debt-to-equity ratio of 1.30.
How much cash does Upwork Inc. have?: Upwork Inc. holds $535.9M in cash and equivalents.
Can Upwork Inc. cover its short-term obligations?: Its current ratio is 1.36 — current assets exceed current liabilities.
Where does Upwork Inc.'s balance sheet data come from?: Every line is extracted from Upwork Inc.'s SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.