Company / Working Capital
Upwork, Inc. Working Capital History
FY2017-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Working Capital
$300.7M
FY2025
5-year range
$300.7M / $696.0M
FY2021-FY2025
Trend
-53.2%
vs FY2024
Sector context
#207 of 346
Industrials
What the data says
At $301M, Upwork, Inc.'s working capital ranks #207 of 346 in the Industrials sector. Working Capital has fluctuated over the past 9 years, ranging from $29M in FY2017 to $696M in FY2021.
Based on SEC 10-K filings.
$301M in FY2025 with a 5-year CAGR of +13.2%.
Declined from $590M to $301M over the past 2 years.
Industrials sector context is included.
Working Capital over time
Growth rates
- 3-Year CAGR
- -23.9%
- 5-Year CAGR
- +13.2%
- 10-Year CAGR
- -
Sector benchmark
#207 of 346 in IndustrialsTop 60% of 346This company $300.7M Sector average $689.5M
▼
-56.4% below sector average
Key checks
Key Insights
- 5-year CAGR of +13.2%, indicating consistent growth.
- In FY2025, working capital decreased 53.2% year-over-year.
- Ranks #207 out of 346 companies in the Industrials sector.
- Peak working capital was recorded in FY2021.
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 | Working CapitalValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $300.7M | -53.2% |
| FY2024 | $642.6M | +8.9% |
| FY2023 | $590.4M | -13.6% |
| FY2022 | $683.2M | -1.8% |
| FY2021 | $696.0M | +329.5% |
| FY2020 | $162.1M | +23.2% |
| FY2019 | $131.5M | +2.5% |
| FY2018 | $128.3M | +335.1% |
| FY2017 | $29.5M | - |
| FY2016 | - | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026