The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 |
|---|---|
| Revenue | 787,784 |
| Cost of revenue | 161,605 |
| Research and development | 151,411 |
| Sales and marketing | 135,829 |
| General and administrative | 105,243 |
| Provision for transaction losses | 8,140 |
| Stock-based compensation expense | 65,390 |
| Depreciation and amortization | 25,710 |
| Interest income | 27,437 |
| Interest expense | 3,152 |
| Gain on early extinguishment of convertible senior notes | 0 |
| Restructuring charges | 0 |
| Income tax (benefit) provision | 37,751 |
| Other segment items | 5,565 |
| Net income | 115,425 |
| Provision for transaction losses | 6,706 |
| Depreciation and amortization | 25,710 |
| Amortization of debt issuance costs | 1,842 |
| Accretion of discount on purchases of marketable securities, net | 8,198 |
| Amortization of operating lease asset | 741 |
| Tides foundation common stock warrant expense | 750 |
| Stock-based compensation expense | 65,390 |
| Deferred taxes | 18,493 |
| Gain on early extinguishment of convertible senior notes | 0 |
| Trade and client receivables | 3,284 |
| Prepaid expenses and other assets | 2,570 |
| Operating lease liability | 188 |
| Accounts payable | -1,160 |
| Accrued expenses and other liabilities | 27,737 |
| Deferred revenue | 489 |
| Net cash provided by operating activities | 248,259 |
| Purchases of marketable securities | 485,178 |
| Proceeds from maturities of marketable securities | 420,436 |
| Proceeds from sale of marketable securities | 11,348 |
| Purchase of an intangible asset | 0 |
| Acquisition of business, net of cash acquired | 58,406 |
| Purchases of property and equipment | 5,790 |
| Internal-use software and platform development costs | 19,349 |
| Net cash (used in) provided by investing activities | -136,939 |
| Change in escrow funds payable, net | -6,731 |
| Proceeds from exercises of stock options and common stock warrant | 750 |
| Proceeds from employee stock purchase plan | 3,935 |
| Net cash paid for early extinguishment of convertible senior notes | 0 |
| Repurchase of common stock | 135,959 |
| Net cash used in financing activities | -138,005 |
| Net change in cash, cash equivalents, and restricted cash | -26,685 |
| Cash and cash equivalents at beginning of period | 505,593 |
| Cash and cash equivalents at end of period | 478,908 |
UPWORK, INC (UPWK)
UPWORK, INC (UPWK)