| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 328,400 | 294,356 | 260,838 | 291,070 |
| Marketable securities | 251,334 | 378,425 | 382,259 | 343,509 |
| Funds held in escrow, including funds in transit | 203,685 | 180,752 | 211,373 | 212,033 |
| Trade and client receivables net of allowance of 6,329 and 5,919 as of march31, 2026 and december31, 2025, respectively | 75,911 | 76,236 | 76,433 | 71,230 |
| Prepaid expenses and other current assets | 23,971 | 21,064 | 18,048 | 21,141 |
| Total current assets | 883,301 | 950,833 | 948,951 | 938,983 |
| Property and equipment, net | 49,278 | 44,421 | 40,373 | 38,109 |
| Goodwill | 149,192 | 149,192 | 150,471 | 141,473 |
| Gross carrying amount | 48,788 | 48,788 | 48,788 | NaN |
| Accumulated amortization | 14,557 | 11,627 | 9,132 | NaN |
| Intangible assets, net | 34,231 | 37,161 | 39,656 | 9,525 |
| Operating lease asset | 12,656 | 5,011 | 5,188 | 5,367 |
| Deferred tax asset | 111,402 | 111,495 | 125,065 | 126,715 |
| Other assets, noncurrent | 1,892 | 1,467 | 1,505 | 1,544 |
| Total assets | 1,241,952 | 1,299,580 | 1,311,209 | 1,261,716 |
| Accounts payable | 11,092 | 7,858 | 8,514 | 1,027 |
| Escrow funds payable | 203,685 | 180,752 | 211,373 | 212,033 |
| Debt, current | 360,231 | 359,770 | 359,310 | NaN |
| Debt, noncurrent | NaN | 0 | 0 | 358,849 |
| Accrued expenses and other current liabilities | 63,994 | 94,023 | 73,336 | 58,762 |
| Deferred revenue | 8,199 | 7,765 | 7,943 | 7,802 |
| Total current liabilities | 647,201 | 650,168 | 660,476 | 279,624 |
| Operating lease liability, noncurrent | 15,197 | 9,707 | 10,131 | 10,351 |
| Other liabilities, noncurrent | 9,927 | 9,390 | 12,476 | 4,238 |
| Total liabilities | 672,325 | 669,265 | 683,083 | 653,062 |
| Common stock, 0.0001 par value 490,000,000 shares authorized as of march31, 2026 and december 31, 2025 123,574,974 and 130,545,236 shares issued and outstanding as of march31, 2026 and december 31, 2025, respectively | 12 | 13 | 13 | 13 |
| Additional paid-in capital | 501,066 | 592,599 | 605,931 | 615,937 |
| Accumulated and other comprehensive income | 139 | 754 | 867 | 724 |
| Retained earnings | 68,410 | 36,949 | 21,315 | -8,020 |
| Total stockholders equity | 569,627 | 630,315 | 628,126 | 608,654 |
| Total liabilities and stockholders equity | 1,241,952 | 1,299,580 | 1,311,209 | 1,261,716 |
UPWORK, INC (UPWK)
UPWORK, INC (UPWK)