Upwork Inc Working Capital to Net Assets Ratio
Upwork Inc 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. Check Upwork Inc tangible book value ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Upwork Inc (2016–2025)
Working capital to net assets ratio of Upwork Inc from 2016 to 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. See Upwork Inc (UPWK) liquidity interval to measure how many days the company can operate on defensive assets alone.
Upwork Inc Working Capital to Net Assets Ratio by Year (2016–2025)
Upwork Inc working capital to net assets ratio by year from 2016 to 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 the complete balance sheet picture, see UPWK asset base.
| 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 | — |