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Upwork Inc. UPWK Palo Alto, California — Operating lease, number of suites

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IDYASouth San Francisco California — Operating Leases Additional Area Leased

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Other financials

Income statement

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

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

Operating cash flow$23.0M-37.7%

CapEx$1.7M-30.3%

Free cash flow$21.3M-38.3%

Valuation

Market cap$970.85M-43.9%

Enterprise value$1.17B-25.4%

P/E8.9×+1.5×

P/S1.2×-1.0×

Profitability

Gross margin77.5%-0.2pp

Operating margin15.6%+3.8pp

Net margin13.8%-16.7pp

FCF margin29%+7.0pp

Returns & leverage

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 upwk:LesseeOperatingLeaseNumberOfSuites.

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, number of suites?: Upwork Inc. (UPWK) reported palo alto, california — operating lease, number of suites of 3 in Q1 2026.
What does palo alto, california — operating lease, number of suites mean?: The number of distinct office suites or units occupied by the company within its Palo Alto, California real estate portfolio. Tracking this metric assists in understanding the granularity and flexibility of the company's workspace configuration.