Latest period
$23M
YoY change
+61.7%
5Y CAGR
+61.8%
Peak year (FY2025)
$248M
Latest annual
$248M
Operating Cash Flow history chart for Upwork (UPWK) from 2016 to 2025
Latest: $248M
Operating Cash Flow growth chart for Upwork (UPWK) from 2016 to 2025
Latest: +61.7%
Operating Cash Flow history table for Upwork (UPWK) from 2016 to 2025
| FY2025 | $248M | +61.7% | +$94.7M | ||
| FY2024 | $154M | +191.3% | +$101M | ||
| FY2023 | $52.7M | +358.5% | +$41.2M | ||
| FY2022 | $11.5M | +6.1% | +$661K | ||
| FY2021 | $10.8M | -51.5% | -$11.5M | ||
| FY2020 | $22.4M | +2013.9% | +$21.3M | ||
| FY2019 | $1.06M | -92.3% | -$12.7M | ||
| FY2018 | $13.7M | -443.5% | +$17.7M | ||
| FY2017 | -$4M | -227.1% | -$7.15M | ||
| FY2016 | $3.15M | — | — |
- FY2025$248M+61.7%
- FY2024$154M+191.3%
- FY2023$52.7M+358.5%
- FY2022$11.5M+6.1%
- FY2021$10.8M-51.5%
- FY2020$22.4M+2013.9%
- FY2019$1.06M-92.3%
- FY2018$13.7M-443.5%
- FY2017-$4M-227.1%
- FY2016$3.15M—
Operating 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 Operating Cash Flow at Upwork (UPWK)
Operating Cash Flow for Upwork (UPWK): headline value $23M · YoY +61.7%. 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 .
As of the 2025 fiscal year, Upwork (UPWK) reported operating cash flow of $248M – surged 61.7% year-over-year.
Upwork operating cash flow has grown for 4 consecutive years, with a +61.8% compound annual growth rate over 2020–2025 (5 years).
$248M stands as the all-time-high annual operating cash flow, posted in 2025, against a low of -$4M during 2017.
Upwork Operating Cash Flow by Year
Upwork Operating Cash Flow 2025: $248M
In 2025, Upwork reported operating cash flow of $248M, surged 61.7% from 2024. This figure represents the highest annual value in the available history.
Upwork Operating Cash Flow 2024: $154M
Upwork operating cash flow in 2024 was $154M, surged 191.3% from 2023.
Upwork Operating Cash Flow 2023: $52.7M
2023's operating cash flow for Upwork came in at $52.7M, surged 358.5% from 2022.
Upwork Operating Cash Flow 2022: $11.5M
Upwork posted operating cash flow of $11.5M in 2022, grew 6.1% from 2021.
Upwork Operating Cash Flow 2021: $10.8M
Upwork operating cash flow in 2021 was $10.8M.
See more financial history for Upwork (UPWK).
Sector peers by Operating Cash Flow
Industrials peers of Upwork (UPWK), ranked by their latest operating cash flow
| $11.7B | |
| $10.6B | |
| $9.29B | |
| $8.54B | |
| $7.46B | |
| $6.79B | |
| $4.99B | |
| $1.07B |
- $11.7B
- $10.6B
- $9.29B
- $8.54B
- $7.46B
- $6.79B
- $4.99B
- $1.07B
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Upwork (UPWK) Key Financials
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