Upwork Inc. (UPWK) financial statements (2021 and earlier)

Company profile

Business Address 2625 AUGUSTINE DRIVE
SANTA CLARA, CA 95054
State of Incorp. DE
Fiscal Year End December 31
SIC 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments170134129
Cash and cash equivalents9448129
Short-term investments7685 
Restricted cash and investments222
Receivables473022
Other undisclosed current assets142115102
Total current assets:361281256
Noncurrent Assets
Operating lease, right-of-use asset2022
Property, plant and equipment282111
Intangible assets, net (including goodwill)119122124
Goodwill118118118
Intangible assets, net (excluding goodwill)136
Other noncurrent assets211
Total noncurrent assets:168166136
TOTAL ASSETS:529446392
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities21612
Accounts payable612
Accrued liabilities001
Employee-related liabilities1459
Deferred revenue1714
Debt8116
Contract with customer, liability1
Other undisclosed current liabilities154118109
Total current liabilities:199149128
Noncurrent Liabilities
Long-term debt and lease obligation243218
Long-term debt, excluding current maturities31118
Operating lease, liability2121
Liabilities, other than long-term debt862
Other liabilities862
Total noncurrent liabilities:313820
Total liabilities:230187148
Stockholders' equity
Stockholders' equity attributable to parent299259244
Common stock000
Additional paid in capital494431387
Accumulated deficit(195)(172)(143)
Total stockholders' equity:299259244
TOTAL LIABILITIES AND EQUITY:529446392

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
Revenues374301253
Cost of revenue(3)(1)(81)
Cost of goods and services sold(104)(88)(81)
Other undisclosed gross profit(101)(87) 
Gross profit:269212172
Operating expenses(292)(231)(184)
Operating loss:(22)(19)(12)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
03(6)
Interest and debt expense(1)(1)(2)
Loss from continuing operations before income taxes:(23)(17)(20)
Income tax expense(0)(0)(0)
Net loss available to common stockholders, diluted:(23)(17)(20)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
Net loss:(23)(17)(20)
Comprehensive loss, net of tax, attributable to parent:(23)(17)(20)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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