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Upwork Inc. UPWK Operating Lease ROU Assets

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Segments

By geography

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Palo Alto, California$3.7M
Lisbon, Portugal$3.6M

Other financials

Income statement

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Revenue$191.7M-1.7%
Gross profit$146.4M-3.4%
Operating income$28.1M-13.6%
Net income$25.4M-22.4%
EPS (diluted)$0.20-16.7%

Balance sheet

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Cash & equivalents$673.1M+32.8%
Total debt$740.1M+99.6%
Total equity$611.3M+0.4%
Total assets$1.3B+1.0%

Cash flow

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Operating cash flow$46.9M-35.4%
CapEx$1.6M-32.0%
Free cash flow$45.3M-35.5%

Valuation

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Market cap$1.19B-32.8%
Enterprise value$1.26B-23.2%
P/E11.7×+4.5×
P/S1.5×-0.8×

Profitability

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Gross margin77.2%-0.6pp
Operating margin15.1%+1.4pp
Net margin12.9%-18.8pp
FCF margin26%-0.1pp

Returns & leverage

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Return on equity16.7%-33.9pp
Debt / equity1.2×+0.6×
Current ratio1.4×-1.9×

Where this comes from

Reported directly by Upwork Inc. in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseRightOfUseAsset.

The source filing: Upwork Inc.’s 10-Q, filed August 10, 2026.

Filed
Aug 10, 2026, 4:50 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001627475-26-000047
(In thousands, except share and per share data)June 30, 2026December 31, 2025
Property and equipment, net58,60544,421
Goodwill149,192149,192
Intangible assets, net31,31837,161
Operating lease asset12,2175,011
Deferred tax asset109,860111,495
Other assets, noncurrent4,2221,467
Total assets$1,274,404$1,299,580
LIABILITIES AND STOCKHOLDERS’ EQUITY

Item 1. Financial Statements.

FAQ

What is Upwork Inc.'s operating lease ROU assets?
Upwork Inc. (UPWK) reported operating lease ROU assets of $12.22M in Q2 2026.
How has Upwork Inc.'s operating lease ROU assets changed year-over-year?
Upwork Inc.'s operating lease ROU assets increased by 127.6% year-over-year, from $5.37M to $12.22M.
What is the long-term trend for Upwork Inc.'s operating lease ROU assets?
Over 5 years (2020 to 2025), Upwork Inc.'s operating lease ROU assets has grown at a -24.0% compound annual growth rate (CAGR), from $19.73M to $5.01M.
What does operating lease ROU assets mean?
Right-of-use assets representing the lessee's right to use leased property over the lease term under ASC 842 operating lease classification.

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