Upwork Inc (UPWK) — Free Cash Flow Generation Index
Upwork Inc (UPWK) has a Free Cash Flow Generation Index of 0.99x as of December 2025. Free cash flow of $63.25 Million represents 1% of operating cash flow ($63.70 Million). Explore how much does Upwork Inc reinvest in capital to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Upwork Inc Free Cash Flow Generation Index (2016–2025)
Historical FCF Generation Index trend for Upwork Inc across 9 annual periods. For the full cash flow conversion analysis, see Upwork Inc cash conversion from operations.
Annual Free Cash Flow Generation for Upwork Inc (2016–2025)
Year-by-year Free Cash Flow Generation Index for Upwork Inc. Check Upwork Inc cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.98x | $242.47 Million | $248.26 Million | $5.79 Million | ▲ +7.8% |
| 2024 | 0.91x | $139.12 Million | $153.56 Million | $14.44 Million | ▲ +31.3% |
| 2023 | 0.69x | $36.36 Million | $52.71 Million | $16.35 Million | ▲ +186.9% |
| 2022 | 0.24x | $2.76 Million | $11.50 Million | $8.73 Million | ▼ -44.6% |
| 2021 | 0.43x | $4.70 Million | $10.84 Million | $6.14 Million | ▲ +21.2% |
| 2020 | 0.36x | $8.00 Million | $22.36 Million | $14.37 Million | ▲ +102.4% |
| 2019 | -14.73x | $-15.58 Million | $1.06 Million | $16.64 Million | ▼ -3032.0% |
| 2018 | 0.50x | $6.90 Million | $13.74 Million | $6.84 Million | ▼ -31.3% |
| 2016 | 0.73x | $2.30 Million | $3.15 Million | $846.00K | — |