Latest period
$10.21M
YoY change
-59.9%
5Y CAGR
-16.6%
Peak year (2019)
$16.64M
Cumulative CapEx
$94.19M
CapEx history chart for Upwork (UPWK) from 2016 to 2025
Latest: $5.79M
CapEx growth chart for Upwork (UPWK) from 2016 to 2025
Latest: -59.9%
CapEx history table for Upwork (UPWK) from 2016 to 2025
| 2025 | $5.79M | -59.9% | −$8.65M | ||
| 2024 | $14.44M | -11.7% | −$1.91M | ||
| 2023 | $16.35M | +87.2% | +$7.62M | ||
| 2022 | $8.73M | +42.3% | +$2.60M | ||
| 2021 | $6.14M | -57.3% | −$8.23M | ||
| 2020 | $14.37M | -13.7% | −$2.27M | ||
| 2019 | $16.64M | +143.2% | +$9.80M | ||
| 2018 | $6.84M | +195.0% | +$4.52M | ||
| 2017 | $2.32M | +174.1% | +$1.47M | ||
| 2016 | $846.00K | — | — |
- 2025$5.79M-59.9%
- 2024$14.44M-11.7%
- 2023$16.35M+87.2%
- 2022$8.73M+42.3%
- 2021$6.14M-57.3%
- 2020$14.37M-13.7%
- 2019$16.64M+143.2%
- 2018$6.84M+195.0%
- 2017$2.32M+174.1%
- 2016$846.00K—
CapEx values are taken from Upwork's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at Upwork (UPWK)
According to Upwork's latest reported financial statements, the company's current CapEx (TTM) is $10.21M. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, Upwork (UPWK) reported CapEx of $5.79M – plunged 59.9% year-over-year.
Through 2020–2025 (5 years), Upwork CapEx delivered a -16.6% annualised rate; with a net decline across the window.
Upwork CapEx plunged from $16.64M in 2019 to $5.79M in 2025, a 65.2% drawdown.
Across the available history, CapEx reached its high of $16.64M in 2019 and its low of $846.00K in 2016.
Upwork Capital Expenditures by Year
Upwork Capital Expenditures 2025: $5.79M
Upwork posted CapEx of $5.79M in 2025, plunged 59.9% below 2024.
Upwork Capital Expenditures 2024: $14.44M
In 2024, Upwork reported CapEx of $14.44M, declined 11.7% below 2023.
Upwork Capital Expenditures 2023: $16.35M
Upwork CapEx in 2023 was $16.35M, surged 87.2% from 2022.
Upwork Capital Expenditures 2022: $8.73M
2022's CapEx for Upwork came in at $8.73M, surged 42.3% from 2021.
Upwork Capital Expenditures 2021: $6.14M
Upwork CapEx in 2021 was $6.14M.
See more financial history for Upwork (UPWK).
Sector peers by CapEx
Industrials peers of Upwork (UPWK), ranked by their latest CapEx
| $20.74B | |
| $4.23B | |
| $3.79B | |
| $2.94B | |
| $2.63B | |
| $1.47B | |
| $1.27B | |
| $0.00 |
- $20.74B
- $4.23B
- $3.79B
- $2.94B
- $2.63B
- $1.47B
- $1.27B
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