What is Upwork Inc.'s deferred revenue?

Upwork Inc. (UPWK) reported deferred revenue of $8.2M in Q1 2026.

How has Upwork Inc.'s deferred revenue changed year-over-year?

Upwork Inc.'s deferred revenue increased by 9.4% year-over-year, from $7.5M to $8.2M.

What is the long-term trend for Upwork Inc.'s deferred revenue?

Over 5 years (2020 to 2025), Upwork Inc.'s deferred revenue has grown at a -14.3% compound annual growth rate (CAGR), from $16.8M to $7.77M.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

Upwork Inc. UPWK Deferred Revenue

Deferred Revenue at other companies

MicrosoftMSFT

$50.92B+14.1%

Xometry, Inc.XMTR

$12.03M+21.4%

ThredUp Inc.TDUP

$1.69M+13.3%

CarGurus, Inc.CARG

$24.66M+10.0%

eBayEBAY

$50M+25.0%

EtsyETSY

$30.35M+36.1%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$23.0M-37.7%

CapEx$1.7M-30.3%

Free cash flow$21.3M-38.3%

Valuation

See full

Market cap$1.02B-43.9%

Enterprise value$1.22B-25.4%

P/E9.3×+1.6×

P/S1.3×-1.1×

Profitability

See full

Gross margin77.5%-0.2pp

Operating margin15.6%+3.8pp

Net margin13.8%-16.7pp

FCF margin29%+7.0pp

Returns & leverage

See full

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:ContractWithCustomerLiabilityCurrent.

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

Ask your AI about Upwork Inc.'s deferred revenue.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Upwork Inc.'s deferred revenue?: Upwork Inc. (UPWK) reported deferred revenue of $8.2M in Q1 2026.
How has Upwork Inc.'s deferred revenue changed year-over-year?: Upwork Inc.'s deferred revenue increased by 9.4% year-over-year, from $7.5M to $8.2M.
What is the long-term trend for Upwork Inc.'s deferred revenue?: Over 5 years (2020 to 2025), Upwork Inc.'s deferred revenue has grown at a -14.3% compound annual growth rate (CAGR), from $16.8M to $7.77M.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.