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Upwork Inc. UPWK Total Current Assets

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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$1.16B-26.0%
Enterprise value$1.23B-14.3%
P/E11.4×+5.0×
P/S1.5×-0.6×

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:AssetsCurrent.

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
Funds held in escrow, including funds in transit193,269180,752
Trade and client receivables – net of allowance of $6,754 and $5,919 as of June 30, 2026 and December 31, 2025, respectively76,45976,236
Prepaid expenses and other current assets25,01821,064
Total current assets908,990950,833
Property and equipment, net58,60544,421
Goodwill149,192149,192
Intangible assets, net31,31837,161
Operating lease asset12,2175,011

Item 1. Financial Statements.

FAQ

What is Upwork Inc.'s total current assets?
Upwork Inc. (UPWK) reported total current assets of $908.99M in Q2 2026.
How has Upwork Inc.'s total current assets changed year-over-year?
Upwork Inc.'s total current assets decreased by 3.2% year-over-year, from $938.98M to $908.99M.
What is the long-term trend for Upwork Inc.'s total current assets?
Over 5 years (2020 to 2025), Upwork Inc.'s total current assets has grown at a 21.4% compound annual growth rate (CAGR), from $360.8M to $950.83M.
What does total current assets mean?
The sum of all assets expected to be converted to cash or consumed within one year — cash, receivables, inventory, and prepaid expenses.

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