Total Debt
$379.5M
Net Debt
-$200.3M
Upwork Inc. currently has $379.5M in total debt. Net debt is -$200.3M after cash offsets. This 'Net Cash' position indicates exceptional financial strength.
Financial Fundamentals
UPWK • Quarterly Data • 5Y View
| Date | Total Debt ($B) | Cash & Inv. ($B) | Net Debt ($B) | Total Assets | Debt/Assets |
|---|---|---|---|---|---|
| 2026-03-31 | 0.38 | 0.58 | -0.20Net Cash | 1.24 | 30.6% |
| 2025-12-31 | 0.38 | 0.68 | -0.30Net Cash | 1.30 | 29.3% |
| 2025-09-30 | 0.37 | 0.64 | -0.27Net Cash | 1.31 | 28.3% |
| 2025-06-30 | 0.37 | 0.63 | -0.26Net Cash | 1.26 | 29.4% |
| 2025-03-31 | 0.37 | 0.62 | -0.25Net Cash | 1.24 | 29.9% |
| 2024-12-31 | 0.37 | 0.62 | -0.25Net Cash | 1.21 | 30.5% |
| 2024-09-30 | 0.37 | 0.60 | -0.23Net Cash | 1.06 | 34.8% |
| 2024-06-30 | 0.37 | 0.50 | -0.13Net Cash | 1.01 | 36.3% |
| 2024-03-31 | 0.37 | 0.49 | -0.12Net Cash | 1.00 | 36.6% |
| 2023-12-31 | 0.37 | 0.55 | -0.18Net Cash | 1.04 | 35.5% |
| 2023-09-30 | 0.37 | 0.56 | -0.19Net Cash | 0.96 | 38.4% |
| 2023-06-30 | 0.37 | 0.52 | -0.15Net Cash | 0.93 | 39.8% |
| 2023-03-31 | 0.37 | 0.51 | -0.14Net Cash | 0.92 | 40.4% |
| 2022-12-31 | 0.58 | 0.69 | -0.10Net Cash | 1.08 | 53.9% |
| 2022-09-30 | 0.58 | 0.68 | -0.09Net Cash | 1.08 | 54.0% |
| 2022-06-30 | 0.58 | 0.67 | -0.08Net Cash | 1.09 | 53.3% |
| 2022-03-31 | 0.58 | 0.67 | -0.09Net Cash | 1.10 | 53.1% |
| 2021-12-31 | 0.58 | 0.68 | -0.10Net Cash | 1.08 | 54.1% |
| 2021-09-30 | 0.58 | 0.70 | -0.11Net Cash | 1.09 | 53.4% |
| 2021-06-30 | 0.03 | 0.17 | -0.14Net Cash | 0.57 | 5.3% |
| 2021-03-31 | 0.03 | 0.17 | -0.14Net Cash | 0.56 | 5.8% |
| 2020-12-31 | 0.03 | 0.17 | -0.13Net Cash | 0.53 | 6.6% |
| 2020-09-30 | 0.04 | 0.16 | -0.12Net Cash | 0.50 | 7.4% |
| 2020-06-30 | 0.04 | 0.15 | -0.11Net Cash | 0.49 | 8.1% |
| 2020-03-31 | 0.06 | 0.15 | -0.09Net Cash | 0.48 | 11.8% |
| 2019-12-31 | 0.04 | 0.13 | -0.09Net Cash | 0.45 | 9.6% |
| 2019-09-30 | 0.02 | 0.13 | -0.11Net Cash | 0.43 | 4.7% |
| 2019-06-30 | 0.05 | 0.13 | -0.08Net Cash | 0.45 | 10.5% |
| 2019-03-31 | 0.05 | 0.12 | -0.07Net Cash | 0.43 | 11.3% |
| 2018-12-31 | 0.02 | 0.13 | -0.11Net Cash | 0.39 | 6.1% |
| 2018-09-30 | 0.05 | 0.03 | 0.02 | 0.32 | 15.3% |
| 2018-06-30 | 0.03 | 0.03 | 0.00 | 0.29 | 11.7% |
| 2018-03-31 | 0.00 | 0.02 | -0.02Net Cash | 0.00 | — |
| 2017-12-31 | 0.03 | 0.02 | 0.01 | 0.28 | 12.3% |
| 2017-03-31 | 0.00 | 0.03 | -0.03Net Cash | 0.00 | — |