Upwork Inc (UPWK) — Free Cash Flow Generation Index
Latest as of December 2025:
0.99x
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). Read Upwork Inc (UPWK) total liabilities for a breakdown of total debt and financial obligations.
FCF Generation Index
0.99x
Free Cash Flow / Operating CF
Free Cash Flow
$63.25 Million
USD
Operating Cash Flow
$63.70 Million
USD
Capital Expenditures
$455.00K
USD
Upwork Inc Free Cash Flow Generation Index (2016–2025)
Historical FCF Generation Index trend for Upwork Inc across 9 annual periods. Explore capital reinvestment ratio of Upwork Inc to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for Upwork Inc (2016–2025)
Year-by-year Free Cash Flow Generation Index for Upwork Inc. For the full company profile including market capitalisation, see market value of Upwork Inc.
| 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 | — |
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).