UPWK: the balance sheet

MyFinsight

For the year ending 2025-12-31, UPWK has $1,299,580K in assets. $669,265K in debts. $294,356K in cash and cash equivalents.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Balance Sheets	2025-12-31
Cash and cash equivalents	294,356
Marketable securities	378,425
Funds held in escrow, including funds in transit	180,752
Trade and client receivables net of allowance of 5,919 and 4,646 as of december 31, 2025 and 2024, respectively	76,236
Prepaid expenses and other current assets	21,064
Total current assets	950,833
Property and equipment, net	44,421
Goodwill	149,192
Gross carrying amount	48,788
Accumulated amortization	11,627
Intangible assets, net	37,161
Operating lease asset	5,011
Deferred tax asset	111,495
Other assets, noncurrent	1,467
Total assets	1,299,580

Accounts payable	7,858
Escrow funds payable	180,752
Debt, current	359,770
Accrued expenses and other current liabilities	94,023
Deferred revenue, current	7,765
Total current liabilities	650,168
Debt, noncurrent	0
Operating lease liability, noncurrent	9,707
Other liabilities, noncurrent	9,390
Total liabilities	669,265
Common stock, 0.0001 par value 490,000,000 shares authorized as of december 31, 2025 and 2024 130,545,236 and 135,348,453 shares issued and outstanding as of december 31, 2025 and 2024, respectively	13
Additional paid-in capital	592,599
Accumulated and other comprehensive income	754
Retained earnings (accumulated deficit)	36,949
Total stockholders equity	630,315
Total liabilities and stockholders equity	1,299,580

Unit: Thousand (K) dollars