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UPWORK, INC (UPWK)

UPWORK, INC (UPWK)

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Cash Flow Overview

Free Cash flow
$45,256K
Unit: Thousand (K) dollars
Positive Cash Flow Breakdown
    • Proceeds from maturities of mark...
    • Stock-based compensation expense
    • Depreciation and amortization
    • Others
Negative Cash Flow Breakdown
    • Cost of revenue
    • Research and development
    • Sales and marketing
    • Others
Cash Flow
2026-06-30
2026-03-31
2025-12-31
2025-09-30
Revenue
191,660
195,483
198,409
201,730
Cost of revenue
39,947
39,128
39,865
42,068
Research and development
31,137
35,126
38,534
37,804
Sales and marketing
30,456
36,017
34,448
32,967
General and administrative
23,518
25,564
30,986
26,871
Provision for transaction losses
2,549
2,222
1,719
2,393
Stock-based compensation expense
14,123
15,421
17,352
19,789
Depreciation and amortization
8,780
9,099
7,024
7,946
Interest income
5,017
5,850
6,815
34,442
Interest expense
703
704
1,086
694
Gain on early extinguishment of convertible senior notes
-
-
0
-
Restructuring charges
12,826
-
0
-
Income tax provision
6,699
6,249
18,417
6,340
Other segment items
535
342
159
2,325
Net income
25,404
31,461
15,634
29,335
Provision for transaction losses
2,171
1,946
999
2,113
Depreciation and amortization
8,780
9,099
7,024
7,946
Amortization of debt issuance costs
461
460
461
460
Accretion of discount on purchases of marketable securities, net
929
1,850
2,499
2,195
Amortization of operating lease asset
439
397
177
179
Tides foundation common stock warrant expense
187
188
187
188
Stock-based compensation expense
14,123
15,421
17,352
19,789
Deferred taxes
1,542
93
18,892
-2,463
Gain on early extinguishment of convertible senior notes
-
-
0
-
Loss on disposal of fixed assets
-178
-
-
-
Trade and client receivables
605
784
1,630
2,014
Prepaid expenses and other assets
2,155
3,480
2,610
-3,378
Operating lease liability
-531
-25
-412
-208
Accounts payable
-3,969
3,124
-656
4,571
Accrued expenses and other liabilities
1,402
-33,466
10,960
13,866
Deferred revenue
376
435
-178
134
Net cash provided by operating activities
46,874
23,019
63,701
75,079
Purchases of marketable securities
0
0
119,239
106,791
Proceeds from maturities of marketable securities
111,895
128,326
117,711
70,314
Proceeds from sale of marketable securities
1,986
0
7,747
64
Purchase of an intangible asset
-
-
0
-
Acquisition of business, net of cash acquired
0
-
-1,440
39,436
Purchases of property and equipment
1,618
1,723
455
482
Internal-use software and platform development costs
9,318
8,391
5,973
5,166
Net cash provided by (used in) investing activities
102,945
118,212
1,231
-81,497
Change in escrow funds payable, net
-11,870
23,554
-29,756
6,451
Proceeds from exercises of stock options and common stock warrants
686
83
21
76
Proceeds from employee stock purchase plan
1,646
-
1,736
0
Net cash paid for early extinguishment of convertible senior notes
-
-
0
-
Repurchase of common stock
1,834
107,891
34,036
31,001
Payment of debt issuance costs
1,223
-
-
-
Net cash used in financing activities
-12,595
-84,254
-62,035
-24,474
Net change in cash, cash equivalents, and restricted cash
137,224
56,977
2,897
-30,892
Cash, cash equivalents, and restricted cashbeginning of period
535,885
478,908
476,011
505,593
Cash, cash equivalents, and restricted cashend of period
673,109
535,885
478,908
476,011
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

Time Plot

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Cash Flow

Revenue$191,660K (-50.56%↓ Y/Y)Interest income$5,017K (136.30%↑ Y/Y)Proceeds from maturitiesof marketable...$111,895K (-51.85%↓ Y/Y)Net income$25,404K (-63.94%↓ Y/Y)Stock-based compensationexpense$14,123K (-50.01%↓ Y/Y)Depreciation andamortization$8,780K (-18.25%↓ Y/Y)Proceeds from sale ofmarketable securities$1,986K (-43.85%↓ Y/Y)Canceled cashflow$171,273K Provision for transactionlosses$2,171K (-39.59%↓ Y/Y)Deferred taxes$1,542K (-25.29%↓ Y/Y)Accrued expenses andother liabilities$1,402K (-51.84%↓ Y/Y)Amortization of debt issuancecosts$461K (-49.95%↓ Y/Y)Amortization of operatinglease asset$439K (14.03%↑ Y/Y)Deferred revenue$376K (-29.46%↓ Y/Y)Tides foundationcommon stock warrant...$187K (-50.13%↓ Y/Y)Loss on disposal offixed assets-$178K Net cash provided by(used in) investing...$102,945K (281.65%↑ Y/Y)Net cash provided byoperating activities$46,874K (-57.18%↓ Y/Y)Canceled cashflow$10,936K Canceled cashflow$8,189K Cost of revenue$39,947K (-49.86%↓ Y/Y)Research and development$31,137K (-58.52%↓ Y/Y)Sales and marketing$30,456K (-55.48%↓ Y/Y)General andadministrative$23,518K (-50.37%↓ Y/Y)Stock-based compensationexpense$14,123K (-50.01%↓ Y/Y)Restructuring charges$12,826K Depreciation andamortization$8,780K (-18.25%↓ Y/Y)Income tax provision$6,699K (-48.45%↓ Y/Y)Provision for transactionlosses$2,549K (-36.72%↓ Y/Y)Interest expense$703K (-48.76%↓ Y/Y)Other segment items$535K (-82.64%↓ Y/Y)Net change in cash,cash equivalents,...$137,224K (10375.11%↑ Y/Y)Canceled cashflow$12,595K Internal-use software andplatform development...$9,318K (13.50%↑ Y/Y)Purchases of property andequipment$1,618K (-66.66%↓ Y/Y)Accounts payable-$3,969K (21.79%↑ Y/Y)Prepaid expenses andother assets$2,155K (-35.44%↓ Y/Y)Accretion of discount onpurchases of marketable...$929K (-73.49%↓ Y/Y)Trade and clientreceivables$605K (268.06%↑ Y/Y)Operating lease liability-$531K (-165.72%↓ Y/Y)Proceeds from employeestock purchase plan$1,646K (-25.15%↓ Y/Y)Proceeds from exercisesof stock options...$686K (5.05%↑ Y/Y)Net cash used infinancing activities-$12,595K (75.54%↑ Y/Y)Canceled cashflow$2,332K Change in escrow fundspayable, net-$11,870K (-171.62%↓ Y/Y)Repurchase of common stock$1,834K (-97.41%↓ Y/Y)Payment of debt issuancecosts$1,223K