Upwork Inc (UPWK) — Working Capital to Net Assets Ratio
Upwork Inc (UPWK) has a Working Capital to Net Assets ratio of 47.7% as of December 2025. Working capital of $300.67 Million (current assets of $950.83 Million minus current liabilities of $650.17 Million) is measured against net assets of $630.32 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See UPWK net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Upwork Inc Working Capital to Net Assets (2016–2025)
This chart shows how Upwork Inc's Working Capital to Net Assets ratio has evolved across 10 annual periods from 2016 to 2025. As of December 2025, the ratio stands at 47.7%, reflecting working capital of $300.67 Million against net assets of $630.32 Million USD. Check Upwork Inc (UPWK) tangible net worth to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Upwork Inc (2016–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Upwork Inc from 2016 to 2025, covering 10 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see UPWK market cap.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 47.7% | $300.67 Million | $630.32 Million | $950.83 Million | $650.17 Million | ▼ -64.0 pp |
| 2024 | 111.7% | $642.62 Million | $575.38 Million | $911.05 Million | $268.43 Million | ▼ -43.2 pp |
| 2023 | 154.9% | $590.37 Million | $381.07 Million | $883.37 Million | $293.00 Million | ▼ -119.6 pp |
| 2022 | 274.5% | $683.21 Million | $248.88 Million | $930.91 Million | $247.69 Million | ▲ +6.3 pp |
| 2021 | 268.2% | $696.02 Million | $259.52 Million | $929.65 Million | $233.63 Million | ▲ +214.1 pp |
| 2020 | 54.1% | $162.05 Million | $299.31 Million | $360.80 Million | $198.75 Million | ▲ +3.4 pp |
| 2019 | 50.7% | $131.54 Million | $259.42 Million | $280.63 Million | $149.10 Million | ▼ -1.9 pp |
| 2018 | 52.6% | $128.28 Million | $243.75 Million | $255.88 Million | $127.60 Million | ▲ +146.6 pp |
| 2017 | -94.0% | $29.48 Million | $-31.37 Million | $144.13 Million | $114.64 Million | ▲ +9.6 pp |
| 2016 | -103.6% | $31.20 Million | $-30.13 Million | $116.62 Million | $85.41 Million | — |