UPWORK INC. (UPWK) FY2026 Q2 Balance Sheet

Income StatementCash FlowBalance Sheet

Balance Sheet

As of 2026-06-30

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UPWORK INC. (UPWK) FY2026 Q2 Balance SheetBalance sheet as of 2026-06-30. The chart shows assets, liabilities and equity at that date.Current assets$908.99 MCurrent liabilities$638.25 MLiabilities$663.14 MAssets$1.27 BNon-current liabilities$24.89 MEquity$611.27 MGross equity(calculated)$611.31 MNon-current assets$365.41 MHOLDINGSASSET CLASSASSETSCLAIM CLASSCLAIM SUB-CLASSCLAIMSCash and cash equivalentsFunds held in escrow, including funds in transitMarketable securitiesTrade and client receivables – net of allowance of $6,754 and $5,919 as of June 30, 2026 and December 31, 2025, respectivelyPrepaid expenses and other current assetsGoodwillDeferred tax assetProperty and equipment, netIntangible assets, netOperating lease assetOther assets, noncurrentDebt, currentEscrow funds payableAccrued expenses and other current liabilitiesDeferred revenueAccounts payableOperating lease liability, noncurrentOther liabilities, noncurrentAdditional paid-in capitalRetained earningsCommon stock, $0.0001 par value; 490,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 124,797,586 and 130,545,236 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectivelyCurrent assetsNon-current assetsAssetsCurrent liabilitiesNon-current liabilitiesLiabilitiesEquityGross equity (calculated)Accumulated and other comprehensive (loss) incomeCurrent assetsCurrent assets$908.99 MCurrent liabilitiesCurrent liabilities$638.25 MDebt, currentDebt, current$360.69 MCash and cash equivalentsCash and cash equivalents$476.04 MLiabilitiesLiabilities$663.14 MEscrow funds payableEscrow funds payable$193.27 MAssetsAssets$1.27 BFunds held in escrow, including funds in transitFunds held in escrow, including funds in transit$193.27 MAccrued expenses and other current liabilitiesAccrued expenses and other current liabilities$68.68 MMarketable securitiesMarketable securities$138.20 MDeferred revenueDeferred revenue$8.58 MTrade and client receivables – net of allowance of $6,754 and $5,919 as of June 30, 2026 and December 31, 2025, respectivelyTrade and client receivables, net$76.46 MAccounts payableAccounts payable$7.03 MPrepaid expenses and other current assetsPrepaid expenses and other current assets$25.02 MNon-current liabilitiesNon-current liabilities$24.89 MOperating lease liability, noncurrentOperating lease liability, noncurrent$14.37 MEquityEquity$611.27 MOther liabilities, noncurrentOther liabilities, noncurrent$10.52 MGoodwillGoodwill$149.19 MGross equity (calculated)Gross equity(calculated)$611.31 MNon-current assetsNon-current assets$365.41 MDeferred tax assetDeferred tax asset$109.86 MProperty and equipment, netProperty and equipment, net$58.61 MAdditional paid-in capitalAdditional paid-in capital$517.48 MIntangible assets, netIntangible assets, net$31.32 MOperating lease assetOperating lease asset$12.22 MRetained earningsRetained earnings$93.81 MCommon stock, $0.0001 par value; 490,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 124,797,586 and 130,545,236 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectivelyCommon stock$12.00 KOther assets, noncurrentOther assets, noncurrent$4.22 MAccumulated and other comprehensive (loss) incomeAccumulated and other comprehensive (loss) income−$39.00 K
Chart details

UPWORK INC. (UPWK) FY2026 Q2 Balance Sheet

Balance sheet as of 2026-06-30. The chart shows assets, liabilities and equity at that date.

Assets
1,274,404,000 US dollars
Current assets
908,990,000 US dollars
Non-current assets
365,414,000 US dollars
Liabilities
663,138,000 US dollars
Current liabilities
638,249,000 US dollars
Non-current liabilities
24,889,000 US dollars
Equity
611,266,000 US dollars
Cash and cash equivalents
476,040,000 US dollars
Funds held in escrow, including funds in transit
193,269,000 US dollars
Marketable securities
138,204,000 US dollars
Trade and client receivables – net of allowance of $6,754 and $5,919 as of June 30, 2026 and December 31, 2025, respectively
76,459,000 US dollars
Prepaid expenses and other current assets
25,018,000 US dollars
Goodwill
149,192,000 US dollars
Deferred tax asset
109,860,000 US dollars
Property and equipment, net
58,605,000 US dollars
Intangible assets, net
31,318,000 US dollars
Operating lease asset
12,217,000 US dollars
Other assets, noncurrent
4,222,000 US dollars
Debt, current
360,691,000 US dollars
Escrow funds payable
193,269,000 US dollars
Accrued expenses and other current liabilities
68,683,000 US dollars
Deferred revenue
8,576,000 US dollars
Accounts payable
7,030,000 US dollars
Operating lease liability, noncurrent
14,367,000 US dollars
Other liabilities, noncurrent
10,522,000 US dollars
Additional paid-in capital
517,479,000 US dollars
Retained earnings
93,814,000 US dollars
Common stock, $0.0001 par value; 490,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 124,797,586 and 130,545,236 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively
12,000 US dollars
Accumulated and other comprehensive (loss) income
negative 39,000 US dollars
Gross equity (calculated)
611,305,000 US dollars. Net equity plus the magnitudes of its negative contributions equals gross positive equity. The negative contributions enter this reconciliation as add-backs; their filed signs stay negative.

Chart connections

  • Assets equal liabilities plus consolidated equity. Consolidated equity includes noncontrolling interests when reported.
  • Treasury shares and other negative equity contributions reduce equity.
UPWORK INC. (UPWK) FY2026 Q2 Balance Sheet Sankey chart
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