Operating CF
$234.31M
Capex
−$10.21M
Free Cash Flow
$224.11M
FCF Margin
+95.6%
Cash flow waterfall for Upwork (UPWK) — TTM through Q1 2026
Free cash flow: $224.11M
Cash flow breakdown for Upwork (UPWK) — TTM through Q1 2026
| Line item | Amount | Running total |
|---|---|---|
| Operating Cash Flow | $234.31M | $234.31M |
| Capital Expenditure | −$10.21M | $224.11M |
| Free Cash Flow | $224.11M | $224.11M |
| Acquisitions | −$58.41M | $165.70M |
| Other Investing | $55.11M | $220.81M |
| Share Buybacks | −$210.80M | $10.01M |
| Other Financing & FX | $2.34M | $12.35M |
| Net Cash Increase | $12.35M | $12.35M |
- Operating Cash Flow$234.31M
- Capital Expenditure−$10.21M
- Free Cash Flow$224.11M
- Acquisitions−$58.41M
- Other Investing$55.11M
- Share Buybacks−$210.80M
- Other Financing & FX$2.34M
- Net Cash Increase$12.35M
Want to see what drove the FCF change?Free Cash Flow Bridge
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