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Upwork Inc. UPWK Business Segments — Interest Expense

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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-32.8%
Enterprise value$1.23B-23.2%
P/E11.4×+4.4×
P/S1.5×-0.8×

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:InterestExpenseNonoperating.

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
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Stock-based compensation expense (4)14,12315,97729,54428,249
Depreciation and amortization8,7805,87917,87910,740
Interest income(5,016)(6,722)(10,867)(13,820)
Interest expense7036861,4071,372
Restructuring charges (4)12,82612,826
Income tax provision6,6995,71712,94812,994
Other segment items (4)(5)(6)5342,7988773,081
Segment net income$25,404$32,726$56,865$70,456

Item 1. Financial Statements.

FAQ

What is Upwork Inc.'s business segments — interest expense?
Upwork Inc. (UPWK) reported business segments — interest expense of $703K in Q2 2026.
How has Upwork Inc.'s business segments — interest expense changed year-over-year?
Upwork Inc.'s business segments — interest expense increased by 2.5% year-over-year, from $686K to $703K.
What is the long-term trend for Upwork Inc.'s business segments — interest expense?
Over 3 years (2022 to 2025), Upwork Inc.'s business segments — interest expense has grown at a -11.1% compound annual growth rate (CAGR), from $4.48M to $3.15M.
What does business segments — interest expense mean?
Captures the cost of servicing the company's debt obligations, including interest on notes or other credit facilities. This metric is essential for assessing the company's financial leverage and the burden of its capital structure on net earnings.

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