Company / Free Cash Flow
Upwork, Inc. Free Cash Flow History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Free Cash Flow
$242.5M
FY2025
5-year range
-$9.7M / $242.5M
FY2021-FY2025
Trend
+61.6%
vs FY2024
Sector context
#155 of 336
Industrials
What the data says
At $242M, Upwork, Inc.'s free cash flow ranks #155 of 336 in the Industrials sector. Free Cash Flow has increased for 4 consecutive years, from -$10M in FY2021 to $242M in FY2025.
Based on SEC 10-K filings.
$242M in FY2025 with a 5-year CAGR of +86.5%.
Improved from $52M to $242M over the past 2 years.
Industrials sector context is included.
Free Cash Flow over time
Growth rates
- 3-Year CAGR
- +147.2%
- 5-Year CAGR
- +86.5%
- 10-Year CAGR
- -
Sector benchmark
#155 of 336 in IndustrialsTop 46% of 336This company $242.5M Sector average $628.9M
▼
-61.4% below sector average
Key checks
Key Insights
- Upwork, Inc.'s free cash flow has grown for 4 consecutive years.
- 5-year CAGR of +86.5%, indicating consistent growth.
- In FY2025, free cash flow increased 61.6% year-over-year.
- Ranks #155 out of 336 companies in the Industrials sector.
Company context
Key Data Points
- Strong profit margin: 28.0%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Free Cash FlowValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $242.5M | +61.6% |
| FY2024 | $150.0M | +188.4% |
| FY2023 | $52.0M | +224.2% |
| FY2022 | $16.0M | +265.5% |
| FY2021 | -$9.7M | -190.2% |
| FY2020 | $10.7M | +284.2% |
| FY2019 | -$5.8M | -353.3% |
| FY2018 | $2.3M | +139.5% |
| FY2017 | -$5.8M | -353.3% |
| FY2016 | $2.3M | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026