What is Upwork Inc.'s change in AP?

Upwork Inc. (UPWK) reported change in AP of $3.12M in Q1 2026.

How has Upwork Inc.'s change in AP changed year-over-year?

Upwork Inc.'s change in AP increased by 257.2% year-over-year, from -$1.99M to $3.12M.

What does change in AP mean?

Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.

Upwork Inc. UPWK Change in AP

Change in AP at other companies

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$2.32B+96.8%

OPENLANE, IncOPLN

$202.9M+29.6%

ThredUp Inc.TDUP

$2.51M-46.8%

CarGurus, Inc.CARG

$1.17M-71.2%

eBayEBAY

-$1M+50.0%

Other financials

Income statement

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Revenue$195.5M+1.4%

Gross profit$150.8M0.0%

Operating income$32.7M-15.4%

Net income$31.5M-16.6%

EPS (diluted)$0.24-11.1%

Balance sheet

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Cash & equivalents$535.9M+2.2%

Total debt$739.7M+99.7%

Total equity$569.6M-4.2%

Total assets$1.2B+0.2%

Cash flow

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Operating cash flow$23.0M-37.7%

CapEx$1.7M-30.3%

Free cash flow$21.3M-38.3%

Valuation

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Market cap$970.85M-43.9%

Enterprise value$1.17B-25.4%

P/E8.9×+1.5×

P/S1.2×-1.0×

Profitability

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Gross margin77.5%-0.2pp

Operating margin15.6%+3.8pp

Net margin13.8%-16.7pp

FCF margin29%+7.0pp

Returns & leverage

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Return on equity18.8%-31.0pp

Debt / equity1.3×+0.7×

Current ratio1.4×-2.0×

Where this comes from

Reported directly by Upwork Inc. in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInAccountsPayable.

The official record: Upwork Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Upwork Inc.'s change in AP?: Upwork Inc. (UPWK) reported change in AP of $3.12M in Q1 2026.
How has Upwork Inc.'s change in AP changed year-over-year?: Upwork Inc.'s change in AP increased by 257.2% year-over-year, from -$1.99M to $3.12M.
What does change in AP mean?: Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.