UPWK: the balance sheet

MyFinsight

For the quarter ending 2025-09-30, UPWK has $1,311,209K in assets. $683,083K in debts. $260,838K in cash and cash equivalents.

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

Balance Sheets	2025-09-30	2025-06-30
Cash and cash equivalents	260,838	291,070
Marketable securities	382,259	343,509
Funds held in escrow, including funds in transit	211,373	212,033
Trade and client receivables net of allowance of 6,485 and 4,646 as of september30, 2025 and december31, 2024, respectively	76,433	71,230
Prepaid expenses and other current assets	18,048	21,141
Total current assets	948,951	938,983
Property and equipment, net	40,373	38,109
Goodwill	150,471	141,473
Gross carrying amount	48,788	-
Accumulated amortization	9,132	-
Intangible assets, net	39,656	9,525
Operating lease asset	5,188	5,367
Deferred tax asset	125,065	126,715
Other assets, noncurrent	1,505	1,544
Total assets	1,311,209	1,261,716

Accounts payable	8,514	1,027
Escrow funds payable	211,373	212,033
Debt, current	359,310	-
Accrued expenses and other current liabilities	73,336	58,762
Deferred revenue	7,943	7,802
Total current liabilities	660,476	279,624
Debt, noncurrent	0	358,849
Operating lease liability, noncurrent	10,131	10,351
Other liabilities, noncurrent	12,476	4,238
Total liabilities	683,083	653,062
Common stock, 0.0001 par value 490,000,000 shares authorized as of september30, 2025 and december 31, 2024 131,393,994 and 135,348,453 shares issued and outstanding as of september30, 2025 and december 31, 2024, respectively	13	13
Additional paid-in capital	605,931	615,937
Accumulated and other comprehensive income	867	724
Retained earnings (accumulated deficit)	21,315	-8,020
Total stockholders equity	628,126	608,654
Total liabilities and stockholders equity	1,311,209	1,261,716