Latest period
$224M
YoY change
+74.3%
5Y CAGR
+97.8%
Peak year (FY2025)
$242M
Latest annual
$242M
Free Cash Flow history chart for Upwork (UPWK) from 2016 to 2025
Latest: $242M
Free Cash Flow growth chart for Upwork (UPWK) from 2016 to 2025
Latest: +74.3%
Free Cash Flow history table for Upwork (UPWK) from 2016 to 2025
| FY2025 | $242M | +74.3% | +$103M | ||
| FY2024 | $139M | +282.6% | +$103M | ||
| FY2023 | $36.4M | +1215.4% | +$33.6M | ||
| FY2022 | $2.76M | -41.2% | -$1.94M | ||
| FY2021 | $4.7M | -41.3% | -$3.3M | ||
| FY2020 | $8M | -151.3% | +$23.6M | ||
| FY2019 | -$15.6M | -325.7% | -$22.5M | ||
| FY2018 | $6.9M | -209.2% | +$13.2M | ||
| FY2017 | -$6.32M | -374.5% | -$8.62M | ||
| FY2016 | $2.3M | — | — |
- FY2025$242M+74.3%
- FY2024$139M+282.6%
- FY2023$36.4M+1215.4%
- FY2022$2.76M-41.2%
- FY2021$4.7M-41.3%
- FY2020$8M-151.3%
- FY2019-$15.6M-325.7%
- FY2018$6.9M-209.2%
- FY2017-$6.32M-374.5%
- FY2016$2.3M—
Free Cash Flow 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 Free Cash Flow at Upwork (UPWK)
Free Cash Flow for Upwork (UPWK): headline value $224M · YoY +74.3%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual free cash flow for Upwork (UPWK) came in at $242M – surged 74.3% year-over-year.
Through 2020–2025 (5 years), Upwork free cash flow delivered a +97.8% annualised rate; sustaining 3 straight years of year-over-year growth.
The highest annual free cash flow of $242M was reported in 2025. The lowest in the available history was -$15.6M in 2019.
Upwork Free Cash Flow by Year
Upwork Free Cash Flow 2025: $242M
Upwork free cash flow in 2025 was $242M, surged 74.3% from 2024. This figure represents the highest annual value in the available history.
Upwork Free Cash Flow 2024: $139M
2024's free cash flow for Upwork came in at $139M, surged 282.6% from 2023.
Upwork Free Cash Flow 2023: $36.4M
Upwork posted free cash flow of $36.4M in 2023, surged 1215.4% from 2022.
Upwork Free Cash Flow 2022: $2.76M
In 2022, Upwork reported free cash flow of $2.76M, plunged 41.2% below 2021.
Upwork Free Cash Flow 2021: $4.7M
Upwork free cash flow in 2021 was $4.7M.
See more financial history for Upwork (UPWK).
Sector peers by Free Cash Flow
Industrials peers of Upwork (UPWK), ranked by their latest free cash flow
| $10.3B | |
| $7.94B | |
| $7.26B | |
| $5.5B | |
| $3.71B | |
| $3.23B | |
| -$1.88B | |
| -$14B |
- $10.3B
- $7.94B
- $7.26B
- $5.5B
- $3.71B
- $3.23B
- -$1.88B
- -$14B
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Upwork (UPWK) Key Financials
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