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The latest financial statement is for the year ending 2025-12-31.

Cash Flow Overview

Free Cash flow
$242,469K
Unit: Thousand (K) dollars
Positive Cash Flow Breakdown
    • Proceeds from maturities of mark...
    • Accrued expenses and other liabi...
    • Interest income
    • Others
Negative Cash Flow Breakdown
    • Purchases of marketable securiti...
    • Cost of revenue
    • Research and development
    • Others

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

Time Plot

Show the time plot by selecting a row from the table.

Cash Flow

Revenue$787,784K Interest income$27,437K Net income$115,425K Stock-based compensationexpense$65,390K Accrued expenses andother liabilities$27,737K Depreciation andamortization$25,710K Deferred taxes$18,493K Canceled cashflow$699,796K Provision for transactionlosses$6,706K Amortization of debt issuancecosts$1,842K Tides foundationcommon stock warrant...$750K Amortization of operatinglease asset$741K Deferred revenue$489K Operating lease liability$188K Net cash provided byoperating activities$248,259K Canceled cashflow$15,212K Cost of revenue$161,605K Research and development$151,411K Sales and marketing$135,829K General andadministrative$105,243K Stock-based compensationexpense$65,390K Income tax (benefit)provision$37,751K Depreciation andamortization$25,710K Provision for transactionlosses$8,140K Other segment items$5,565K Interest expense$3,152K Net change in cash,cash equivalents,...-$26,685K Canceled cashflow$248,259K Proceeds from employeestock purchase plan$3,935K Proceeds from exercisesof stock options...$750K Proceeds from maturitiesof marketable...$420,436K Proceeds from sale ofmarketable securities$11,348K Accretion of discount onpurchases of marketable...$8,198K Trade and clientreceivables$3,284K Prepaid expenses andother assets$2,570K Accounts payable-$1,160K Net cash used infinancing activities-$138,005K Canceled cashflow$4,685K Net cash (used in)provided by investing...-$136,939K Canceled cashflow$431,784K Repurchase of common stock$135,959K Change in escrow fundspayable, net-$6,731K Purchases of marketablesecurities$485,178K Acquisition of business, netof cash acquired$58,406K Internal-use software andplatform development...$19,349K Purchases of property andequipment$5,790K

UPWORK, INC (UPWK)

UPWORK, INC (UPWK)