What is Upwork Inc.'s net investment in lease?

Upwork Inc. (UPWK) reported net investment in lease of $12.66M in Q1 2026.

How has Upwork Inc.'s net investment in lease changed year-over-year?

Upwork Inc.'s net investment in lease increased by 128.0% year-over-year, from $5.55M to $12.66M.

What is the long-term trend for Upwork Inc.'s net investment in lease?

Over 5 years (2020 to 2025), Upwork Inc.'s net investment in lease has grown at a -24.0% compound annual growth rate (CAGR), from $19.73M to $5.01M.

Upwork Inc. UPWK Net Investment in Lease

Net Investment in Lease at other companies

Robert HalfRHI

——

MicrosoftMSFT

——

Xometry, Inc.XMTR

——

OPENLANE, IncOPLN

——

ThredUp Inc.TDUP

——

CarGurus, Inc.CARG

——

Segments

By geography

See full

Palo Alto, California$3.7M—

Lisbon, Portugal$3.6M—

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$970.85M-43.9%

Enterprise value$1.17B-25.4%

P/E8.9×+1.5×

P/S1.2×-1.0×

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:OperatingLeaseRightOfUseAsset.

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 net investment in lease.

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

Connect your AI

Claude

Questions, answered.

What is Upwork Inc.'s net investment in lease?: Upwork Inc. (UPWK) reported net investment in lease of $12.66M in Q1 2026.
How has Upwork Inc.'s net investment in lease changed year-over-year?: Upwork Inc.'s net investment in lease increased by 128.0% year-over-year, from $5.55M to $12.66M.
What is the long-term trend for Upwork Inc.'s net investment in lease?: Over 5 years (2020 to 2025), Upwork Inc.'s net investment in lease has grown at a -24.0% compound annual growth rate (CAGR), from $19.73M to $5.01M.