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Upwork Inc. UPWK Accrued expenses and other current liabilities

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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 upwk:AccruedExpensesAndOtherCurrentLiabilities.

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 accrued expenses and other current liabilities?
Upwork Inc. (UPWK) reported accrued expenses and other current liabilities of $63.99M in Q1 2026.
How has Upwork Inc.'s accrued expenses and other current liabilities changed year-over-year?
Upwork Inc.'s accrued expenses and other current liabilities increased by 35.7% year-over-year, from $47.14M to $63.99M.
What is the long-term trend for Upwork Inc.'s accrued expenses and other current liabilities?
Over 5 years (2020 to 2025), Upwork Inc.'s accrued expenses and other current liabilities has grown at a 23.4% compound annual growth rate (CAGR), from $32.87M to $94.02M.
What does accrued expenses and other current liabilities mean?
Includes short-term obligations for goods and services received but not yet invoiced or paid, alongside other miscellaneous current liabilities. This category captures operational costs such as employee compensation, professional fees, and other administrative expenses that have been incurred but remain outstanding at the balance sheet date. It is a key indicator of the company's short-term operational liabilities and working capital requirements.