What does palo alto, california — operating lease asset mean?

The carrying value of the right-of-use assets recognized on the balance sheet for operating leases located in Palo Alto, California. This represents the capitalized value of the company's right to use these specific properties over the remaining lease terms.

Upwork Inc. UPWK Palo Alto, California — Operating lease asset

Other geography segments

Lisbon, Portugal

$3.6M—

Similar metrics at other companies

SMCISan Jose, California — Operating lease right-of-use asset

$14.3M—

ANNXBrisbane California — Operating Lease Right Of Use Asset

$14.8M-9.2%

NRIXBrisbane, California — Operating Lease ROU Assets

$5.8M—

EGPCALIFORNIA — Right of use assets - Ground leases (operating)

$0—

IBT

IBTAOperating lease assets

$9.84M-8.3%

DAVEOperating Lease Right Of Use Assets Recognized

$311K—

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

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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:OperatingLeaseRightOfUseAsset.

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 palo alto, california — operating lease asset?: Upwork Inc. (UPWK) reported palo alto, california — operating lease asset of $3.7M in Q1 2026.
What does palo alto, california — operating lease asset mean?: The carrying value of the right-of-use assets recognized on the balance sheet for operating leases located in Palo Alto, California. This represents the capitalized value of the company's right to use these specific properties over the remaining lease terms.