What is Upwork Inc.'s lisbon, portugal — operating lease asset?

Upwork Inc. (UPWK) reported lisbon, portugal — operating lease asset of $3.6M in Q1 2026.

What does lisbon, portugal — operating lease asset mean?

This represents the right-of-use asset value recognized on the balance sheet for operating leases related to properties in Lisbon, Portugal. It reflects the capitalized value of the company's contractual right to use these leased facilities over the lease term. This metric is essential for assessing the company's long-term commitment to physical assets in this specific geographic market.

Upwork Inc. UPWK Lisbon, Portugal — Operating lease asset

Other geography segments

Palo Alto, California

$3.7M—

Similar metrics at other companies

MORNCanada — Operating lease assets

$8.3M+18.6%

MLTXPortugal — Number of operating leases

2+300%

MELIOther countries — Operating Lease, Right-of-Use Asset

$121M+59.2%

IBT

IBTAOperating lease assets

$9.84M-8.3%

VVVUnited States — Operating lease assets

$316.1M+12.3%

LGNDLeased assets obtained in exchange for operating lease liabilities

$0-100%

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$1.02B-41.3%

Enterprise value$1.22B-22.6%

P/E9.3×+1.9×

P/S1.3×-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

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 →

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What is Upwork Inc.'s lisbon, portugal — operating lease asset?: Upwork Inc. (UPWK) reported lisbon, portugal — operating lease asset of $3.6M in Q1 2026.
What does lisbon, portugal — operating lease asset mean?: This represents the right-of-use asset value recognized on the balance sheet for operating leases related to properties in Lisbon, Portugal. It reflects the capitalized value of the company's contractual right to use these leased facilities over the lease term. This metric is essential for assessing the company's long-term commitment to physical assets in this specific geographic market.