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Upwork Inc. UPWK Gross Carrying Amount

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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:FiniteLivedIntangibleAssetsGross.

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)June 30, 2026 / Gross Carrying AmountJune 30, 2026 / Accumulated AmortizationJune 30, 2026 / Net Carrying AmountDecember 31, 2025 / Gross Carrying AmountDecember 31, 2025 / Accumulated AmortizationDecember 31, 2025 / Net Carrying Amount
Developed technology$34,600$10,397$24,203$34,600$6,203$28,397
Assembled workforce3,1883,1883,1883,188
Customer relationships11,0003,8857,11511,0002,2368,764
Total$48,788$17,470$31,318$48,788$11,627$37,161

Item 1. Financial Statements.

FAQ

What is Upwork Inc.'s gross carrying amount?
Upwork Inc. (UPWK) reported gross carrying amount of $48.79M in Q2 2026.
How has Upwork Inc.'s gross carrying amount changed year-over-year?
Upwork Inc.'s gross carrying amount increased by 221.2% year-over-year, from $15.19M to $48.79M.
What does gross carrying amount mean?
Gross Carrying Amount

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