Companies: 10,795·Total market cap: $144.5T
Upwork Inc.

Upwork Inc.

UPWKNASDAQIndustrials● Active
$8.89
+$0.13(+1.46%)
Market Cap$1.1B
P/E Ratio—
52W High$22.84
52W Low$7.44
Cash on HandFinancialsRevenue

Upwork Inc. (UPWK) Cash on Hand — Cash & Short-Term Investments

Cash & cash equivalents plus short-term investments from the balance sheet, YoY change, and net cash vs debt context.

UPWK · cash on hand · updated Dec 31, 2025

Core cash position

Cash & Short-Term Investments (CCE + ST Investments)
$676.4M▲ +8.7% vs prior year
FY · as of Dec 31, 2025 · Reported in USD
Cash & Cash Equiv. (CCE)
$298.0M
cashAndCashEquivalents
Short-Term Investments
$378.4M
shortTermInvestments
YoY Change vs Prior Year
+8.7%
vs prior fiscal year
Latest Quarter
$579.7M
Q1 2026
Data Scope & Methodology

Cash on Hand = Cash & Cash Equivalents (CCE) + Short-Term Investments, as reported on the balance sheet (10-K/10-Q). Also referred to as cash reserves or cash position. Not free cash flow.

Source: FMP /balance-sheet-statement · SEC 10-K / 10-Q · Reported in USD

Source: FMP /balance-sheet-statement · SEC 10-K / 10-Q · USDUpdated: December 31, 2025

Net cash vs debt

Cash & ST Investments$676.4MCash on Hand
Total Debt$380.9MTotal Debt
Net Cash / Net Debt+$295.5MNet Cash Position
Cash vs Debt Ratio
Cash 64%Debt 36%

Upwork Inc. has a net cash position of $295.5M, holding more cash than debt.

Net Cash = Cash & ST Investments − Total Debt$676.4M − $380.9M = +$295.5M

Cash on hand history

YoY Increase
YoY Decrease
Latest Year
UPWK annual cash on hand history · Cash & Short-Term Investments · Source: FMP /balance-sheet-statement

Annual cash on hand by year

DateCash & ST InvestmentsYoY Change
Dec 31, 2025Latest$676.4M+8.7%
Dec 31, 2024$622.1M+13.1%
Dec 31, 2023$550.1M-19.9%
Dec 31, 2022$686.6M+0.3%
Dec 31, 2021$684.8M+303.6%
UPWK cash on hand annual historical data · Cash & Short-Term Investments per balance sheet (10-K/10-Q) · Reported in USD · Source: FMP /balance-sheet-statement

Industrials Sector Cash Reserves Comparison

#CompanyCash & ST Inv.Cash/MCap
#1
The Boeing Company
The Boeing Company
BA
$29.40B17.3%#2
GE Aerospace
GE Aerospace
GE
$12.39B3.7%#3
Caterpillar Inc.
Caterpillar Inc.
CAT
$9.98B2.4%#4
RTX Corporation
RTX Corporation
RTX
$7.43B3.1%
#5
Upwork Inc.
Upwork Inc.YOU
UPWK
$676.4M61.6%
Industrials sector cash reserves · Source: FMP /balance-sheet-statement + /profile · Sorted by Cash desccompanies with most cash on hand →

About cash on hand & methodology

Upwork Inc. (UPWK) cash on hand as of December 31, 2025 is $676.4M, comprising $298.0M in cash and cash equivalents (CCE) plus $378.4M in short-term investments — reported as Upwork Inc. cash and short-term investments on the balance sheet (10-K filing). Also referred to as Upwork Inc. cash reserves or cash position.

Upwork Inc. annual cash on hand history shows increased +8.7% in 2025: increased +8.7% in 2025. Upwork Inc. cash reserves in 2025 reflect the company's capital allocation strategy.

Upwork Inc. carries total debt of $380.9M against cash of $676.4M, resulting in a net cash position of +$295.5M. For the full balance sheet, see the Financials → Balance Sheet tab.

Figures tie to SEC 10-K/10-Q balance sheet disclosures and FMP /balance-sheet-statement where noted.
Financial statementsFree cash flowNet incomeRevenueMarket capP/E ratioEarningsPrice history

Frequently asked questions

UPWK cash on hand · 5 questions

As of December 31, 2025, Upwork Inc. (UPWK) has $676,381,000 in cash on hand — defined as cash and short-term investments on the balance sheet. This includes $297,956,000 in cash and cash equivalents (CCE) plus $378,425,000 in short-term investments. Latest quarter (March 31, 2026): $579,734,000. Data sourced from the annual 10-K filing via FMP.

UPWK cash on handUPWK cash reservesUPWK cash 2025how much cash does UPWK have

▸ Source: FMP /balance-sheet-statement · US GAAP · Upwork Inc. · Upwork Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: December 31, 2025