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Upwork Inc. UPWK Provision for Credit Losses

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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 us-gaap:ProvisionForLoanLeaseAndOtherLosses.

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 provision for credit losses?
Upwork Inc. (UPWK) reported provision for credit losses of $1.95M in Q1 2026.
How has Upwork Inc.'s provision for credit losses changed year-over-year?
Upwork Inc.'s provision for credit losses decreased by 5.8% year-over-year, from $2.07M to $1.95M.
What is the long-term trend for Upwork Inc.'s provision for credit losses?
Over 4 years (2021 to 2025), Upwork Inc.'s provision for credit losses has grown at a 6.7% compound annual growth rate (CAGR), from $5.18M to $6.71M.
What does provision for credit losses mean?
Non-cash provision for expected loan losses, added back in operating cash flow since it's a reserve build, not a cash payment.