2018 Q4 Form 10-Q Financial Statement
#000156459018028629 Filed on November 08, 2018
Income Statement
Concept | 2018 Q4 | 2018 Q3 | 2017 Q3 |
---|---|---|---|
Revenue | $67.30M | $64.11M | $52.26M |
YoY Change | 22.81% | 22.68% | 19.05% |
Cost Of Revenue | $20.90M | $20.50M | $16.89M |
YoY Change | 18.75% | 21.37% | 13.38% |
Gross Profit | $46.50M | $43.61M | $35.37M |
YoY Change | 25.0% | 23.3% | 21.96% |
Gross Profit Margin | 69.09% | 68.02% | 67.67% |
Selling, General & Admin | $34.40M | $30.67M | $22.58M |
YoY Change | 18.62% | 35.86% | 19.46% |
% of Gross Profit | 73.98% | 70.34% | 63.84% |
Research & Development | $14.80M | $14.38M | $11.51M |
YoY Change | 12.98% | 24.87% | 14.0% |
% of Gross Profit | 31.83% | 32.97% | 32.55% |
Depreciation & Amortization | $1.410M | $600.0K | $400.0K |
YoY Change | 34.29% | 50.0% | |
% of Gross Profit | 3.03% | 1.38% | 1.13% |
Operating Expenses | $49.10M | $46.94M | $35.17M |
YoY Change | 16.63% | 33.49% | 21.26% |
Operating Profit | -$2.600M | -$3.334M | $203.0K |
YoY Change | -46.94% | -1742.36% | |
Interest Expense | -$400.0K | $589.0K | $199.0K |
YoY Change | 33.33% | 195.98% | -199.5% |
% of Operating Profit | 98.03% | ||
Other Income/Expense, Net | -$2.300M | -$3.423M | -$260.0K |
YoY Change | 1216.54% | ||
Pretax Income | -$5.400M | -$7.346M | -$256.0K |
YoY Change | 1.89% | 2769.53% | -14.67% |
Income Tax | $0.00 | $0.00 | $45.00K |
% Of Pretax Income | |||
Net Earnings | -$5.400M | -$7.346M | -$301.0K |
YoY Change | 3.85% | 2340.53% | 50.5% |
Net Earnings / Revenue | -8.02% | -11.46% | -0.58% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$50.70K | -$70.12K | -$2.882K |
COMMON SHARES | |||
Basic Shares Outstanding | 106.3M | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2018 Q4 | 2018 Q3 | 2017 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $129.1M | $27.10M | |
YoY Change | |||
Cash & Equivalents | $129.1M | $27.06M | $38.53M |
Short-Term Investments | |||
Other Short-Term Assets | $104.5M | $112.8M | |
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | $22.32M | $41.59M | |
Other Receivables | $0.00 | $0.00 | |
Total Short-Term Assets | $255.9M | $181.5M | |
YoY Change | 77.54% | ||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $10.82M | $6.260M | |
YoY Change | 207.77% | ||
Goodwill | $118.2M | $118.2M | |
YoY Change | 0.0% | ||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $653.0K | $6.240M | |
YoY Change | -0.76% | ||
Total Long-Term Assets | $135.7M | $137.4M | |
YoY Change | 3.53% | ||
TOTAL ASSETS | |||
Total Short-Term Assets | $255.9M | $181.5M | |
Total Long-Term Assets | $135.7M | $137.4M | |
Total Assets | $391.6M | $318.8M | |
YoY Change | 42.29% | ||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $2.073M | $5.471M | |
YoY Change | 348.7% | ||
Accrued Expenses | $20.90M | $16.90M | |
YoY Change | |||
Deferred Revenue | $722.0K | $717.0K | |
YoY Change | 17.59% | ||
Short-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Long-Term Debt Due | $5.671M | $29.59M | |
YoY Change | -45.17% | ||
Total Short-Term Liabilities | $127.6M | $160.2M | |
YoY Change | 11.3% | ||
LONG-TERM LIABILITIES | |||
Long-Term Debt | $18.24M | $19.30M | |
YoY Change | -22.36% | ||
Other Long-Term Liabilities | $1.989M | $6.110M | |
YoY Change | 2.74% | ||
Total Long-Term Liabilities | $20.23M | $25.41M | |
YoY Change | -20.45% | ||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $127.6M | $160.2M | |
Total Long-Term Liabilities | $20.23M | $25.41M | |
Total Liabilities | $147.8M | $185.6M | |
YoY Change | 5.54% | ||
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$143.5M | -$138.1M | |
YoY Change | 16.11% | ||
Common Stock | $387.2M | $104.9M | |
YoY Change | 319.89% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $243.7M | -$33.23M | |
YoY Change | |||
Total Liabilities & Shareholders Equity | $391.6M | $318.8M | |
YoY Change | 42.29% |
Cashflow Statement
Concept | 2018 Q4 | 2018 Q3 | 2017 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$5.400M | -$7.346M | -$301.0K |
YoY Change | 3.85% | 2340.53% | 50.5% |
Depreciation, Depletion And Amortization | $1.410M | $600.0K | $400.0K |
YoY Change | 34.29% | 50.0% | |
Cash From Operating Activities | $21.93M | -$18.59M | $4.370M |
YoY Change | -225.67% | -525.4% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$2.570M | -$1.030M | -$1.090M |
YoY Change | 511.9% | -5.5% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $90.00K | $10.00K | $0.00 |
YoY Change | -57.14% | ||
Cash From Investing Activities | -$2.480M | -$1.020M | -$1.090M |
YoY Change | 1080.95% | -6.42% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 94.06M | 15.33M | 1.000M |
YoY Change | 12963.89% | 1433.0% | |
NET CHANGE | |||
Cash From Operating Activities | 21.93M | -18.59M | 4.370M |
Cash From Investing Activities | -2.480M | -1.020M | -1.090M |
Cash From Financing Activities | 94.06M | 15.33M | 1.000M |
Net Change In Cash | 113.5M | -4.280M | 4.280M |
YoY Change | -770.07% | -200.0% | |
FREE CASH FLOW | |||
Cash From Operating Activities | $21.93M | -$18.59M | $4.370M |
Capital Expenditures | -$2.570M | -$1.030M | -$1.090M |
Free Cash Flow | $24.50M | -$17.56M | $5.460M |
YoY Change | -243.86% | -421.61% |
Facts In Submission
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EarningsPerShareBasicAndDiluted
|
-0.01 | |
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.41 | ||
CY2018Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
36069502 | |
us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
15000000 | ||
us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
15000000 | ||
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
84000 | ||
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
17000000 | ||
upwk |
Payments Of Deferred Offering Costs
PaymentsOfDeferredOfferingCosts
|
3999000 | ||
upwk |
Payments Of Deferred Offering Costs
PaymentsOfDeferredOfferingCosts
|
14000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
18012000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-344000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
5460000 | ||
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
12000 | ||
us-gaap |
Interest Paid Net
InterestPaidNet
|
1573000 | ||
us-gaap |
Interest Paid Net
InterestPaidNet
|
663000 | ||
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
35129250 | ||
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
32760339 | ||
us-gaap |
Profit Loss
ProfitLoss
|
-14542000 | ||
us-gaap |
Profit Loss
ProfitLoss
|
1068000 | ||
upwk |
Depreciation And Amortization Excluding Amortization Of Financing Costs
DepreciationAndAmortizationExcludingAmortizationOfFinancingCosts
|
3542000 | ||
upwk |
Depreciation And Amortization Excluding Amortization Of Financing Costs
DepreciationAndAmortizationExcludingAmortizationOfFinancingCosts
|
3135000 | ||
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
64000 | ||
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
40000 | ||
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
3610000 | ||
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
41000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5667000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4817000 | ||
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-33000 | ||
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
3000 | ||
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
15137000 | ||
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
7239000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
658000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-183000 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
5006000 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
662000 | ||
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
-490000 | ||
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
7833000 | ||
us-gaap |
Increase Decrease In Commodity Contract Assets And Liabilities
IncreaseDecreaseInCommodityContractAssetsAndLiabilities
|
-103000 | ||
us-gaap |
Increase Decrease In Commodity Contract Assets And Liabilities
IncreaseDecreaseInCommodityContractAssetsAndLiabilities
|
-56000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-8190000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
13450000 | ||
us-gaap |
Increase In Restricted Cash
IncreaseInRestrictedCash
|
94000 | ||
us-gaap |
Increase In Restricted Cash
IncreaseInRestrictedCash
|
1000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1598000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1509000 | ||
us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
2670000 | ||
us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
392000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-4362000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1902000 | ||
upwk |
Changes In Funds Held In Escrow Including Funds In Transit
ChangesInFundsHeldInEscrowIncludingFundsInTransit
|
20283000 | ||
upwk |
Changes In Funds Held In Escrow Including Funds In Transit
ChangesInFundsHeldInEscrowIncludingFundsInTransit
|
12016000 | ||
upwk |
Changes In Escrow Funds Payable
ChangesInEscrowFundsPayable
|
20283000 | ||
upwk |
Changes In Escrow Funds Payable
ChangesInEscrowFundsPayable
|
12016000 | ||
upwk |
Proceeds From Exercises Of Stock Options And Common Stock Warrant
ProceedsFromExercisesOfStockOptionsAndCommonStockWarrant
|
7011000 | ||
upwk |
Proceeds From Exercises Of Stock Options And Common Stock Warrant
ProceedsFromExercisesOfStockOptionsAndCommonStockWarrant
|
1494000 | ||
us-gaap |
Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
|
260000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
11204000 | ||
CY2017Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
21595000 | |
CY2016Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
27326000 | |
CY2018Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
27055000 | |
CY2017Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
38530000 | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
7000 | ||
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
166000 | ||
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
77000 | ||
upwk |
Reclassification Of Redeemable Convertible Preferred Stock Warrant Liability To Redeemable Convertible Preferred Stock
ReclassificationOfRedeemableConvertiblePreferredStockWarrantLiabilityToRedeemableConvertiblePreferredStock
|
144000 | ||
upwk |
Deferred Offering Costs Incurred But Not Yet Paid
DeferredOfferingCostsIncurredButNotYetPaid
|
1583000 | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div> <p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-weight:bold;font-style:italic;color:#000000;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires management to make certain estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the periods presented. Such estimates include, but are not limited to, the useful lives of assets; assessment of the recoverability of long-lived assets; goodwill impairment; allowance for doubtful accounts; liabilities relating to transaction losses; the valuation of warrants; stock-based compensation; and accounting for income taxes. Management bases its estimates on historical experience and on various other assumptions that management believes to be reasonable under the circumstances. The Company evaluates its estimates, assumptions, and judgments on an ongoing basis using historical experience and other factors and revises them when facts and circumstances dictate. Actual results could materially differ from these estimates.</p></div> | ||
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
25185000 | |
CY2017Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
31856000 | |
CY2017Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
23184000 | |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
670000 | |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
2668000 | |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
2668000 | |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
665000 | |
CY2018Q3 | upwk |
Accrued Compensation And Related Benefits Current
AccruedCompensationAndRelatedBenefitsCurrent
|
7239000 | |
CY2017Q4 | upwk |
Accrued Compensation And Related Benefits Current
AccruedCompensationAndRelatedBenefitsCurrent
|
8399000 | |
CY2018Q3 | upwk |
Accrued Freelancer Costs Current
AccruedFreelancerCostsCurrent
|
615000 | |
CY2015 | upwk |
Number Of Operating Platforms Consolidated
NumberOfOperatingPlatformsConsolidated
|
2 | |
CY2018Q3 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
10800000 | |
us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
|
0 | ||
CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | |
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | ||
upwk |
Tax Cuts And Jobs Act Of2017 Reduced Percentage Of Taxable Income For Net Operating Loss
TaxCutsAndJobsActOf2017ReducedPercentageOfTaxableIncomeForNetOperatingLoss
|
0.80 | ||
CY2018Q3 | us-gaap |
Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
|
4714000 | |
CY2017Q4 | us-gaap |
Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
|
1104000 | |
CY2018Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
15163000 | |
CY2017Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
11442000 | |
CY2018Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
8903000 | |
CY2017Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
7928000 | |
CY2018Q3 | us-gaap |
Depreciation
Depreciation
|
600000 | |
CY2017Q3 | us-gaap |
Depreciation
Depreciation
|
400000 | |
us-gaap |
Depreciation
Depreciation
|
1500000 | ||
us-gaap |
Depreciation
Depreciation
|
1100000 | ||
CY2018Q3 | us-gaap |
Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
|
800000 | |
CY2017Q3 | us-gaap |
Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
|
200000 | |
us-gaap |
Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
|
2700000 | ||
us-gaap |
Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
|
400000 | ||
CY2017Q3 | us-gaap |
Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
|
0 | |
us-gaap |
Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
|
0 | ||
CY2018Q3 | upwk |
Underlying Assets
UnderlyingAssets
|
600000 | |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
31856000 | |
CY2017Q4 | upwk |
Accrued Freelancer Costs Current
AccruedFreelancerCostsCurrent
|
134000 | |
CY2018Q3 | upwk |
Accrued Indirect Taxes Current
AccruedIndirectTaxesCurrent
|
1634000 | |
CY2017Q4 | upwk |
Accrued Indirect Taxes Current
AccruedIndirectTaxesCurrent
|
1861000 | |
CY2018Q3 | upwk |
Accrued Vendor Expenses Current
AccruedVendorExpensesCurrent
|
5696000 | |
CY2017Q4 | upwk |
Accrued Vendor Expenses Current
AccruedVendorExpensesCurrent
|
4198000 | |
CY2018Q3 | upwk |
Accrued Payment Processing Fees Current
AccruedPaymentProcessingFeesCurrent
|
683000 | |
CY2017Q4 | upwk |
Accrued Payment Processing Fees Current
AccruedPaymentProcessingFeesCurrent
|
593000 | |
CY2018Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
1044000 | |
CY2017Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
845000 | |
upwk |
Number Of Non Cancelable Operating Lease Agreements
NumberOfNonCancelableOperatingLeaseAgreements
|
4 | ||
CY2018Q3 | us-gaap |
Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
|
1036000 | |
CY2018Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
3569000 | |
CY2018Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
4223000 | |
CY2018Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
3981000 | |
CY2018Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
4095000 | |
CY2018Q3 | upwk |
Operating Leases Future Minimum Payments Due In Six Years
OperatingLeasesFutureMinimumPaymentsDueInSixYears
|
4214000 | |
CY2018Q3 | upwk |
Operating Leases Future Minimum Payments Due In Seven Years
OperatingLeasesFutureMinimumPaymentsDueInSevenYears
|
3039000 | |
CY2018Q3 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
24157000 | |
CY2018Q3 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
1100000 | |
CY2017Q3 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
900000 | |
us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
3000000 | ||
us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
2800000 | ||
CY2018Q3 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
600000 | |
CY2017Q4 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
800000 | |
upwk |
Letter Of Credit Expiration Year
LetterOfCreditExpirationYear
|
2019 | ||
CY2018Q3 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
49000000 | |
CY2017Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
34000000 | |
CY2018Q3 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
102000 | |
CY2017Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
167000 | |
CY2018Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
48898000 | |
CY2017Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
33833000 | |
CY2018Q3 | us-gaap |
Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
|
0.0608 | |
CY2017Q4 | us-gaap |
Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
|
0.0593 | |
CY2017Q3 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
30000000 | |
CY2017Q4 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
49000000 | |
CY2017Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
200000 | |
upwk |
Adjusted Liquidity Ratio
AdjustedLiquidityRatio
|
0.0130 | ||
CY2018Q3 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
15000000 | |
CY2018Q3 | us-gaap |
Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
|
50000000 | |
us-gaap |
Common Stock Voting Rights
CommonStockVotingRights
|
one vote per share | ||
CY2018Q3 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
86687472 | |
CY2017Q4 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
89292466 | |
CY2017Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
3962024 | |
upwk |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrantAuthorized
|
100000 | ||
upwk |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrantGranted
|
4468523 | ||
upwk |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant Forfeited And Cancelled
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrantForfeitedAndCancelled
|
604358 | ||
CY2018Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
197859 | |
CY2017Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
23607746 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
4468523 | ||
us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
3159708 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
604358 | ||
CY2018Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
24312203 | |
CY2017Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
3.10 | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
5.88 | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
2.22 | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
3.72 | ||
CY2018Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
3.71 | |
CY2017 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P7Y4M20D | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P7Y4M9D | ||
CY2017Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
22260000 | |
CY2018Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
269431000 | |
CY2018Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1986000 | |
CY2017Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1526000 | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
5667000 | ||
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
4817000 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
86489613 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
88817118 | ||
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | ||
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | ||
us-gaap |
Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
|
0.50 | ||
us-gaap |
Defined Contribution Plan Maximum Annual Contributions Per Employee Amount
DefinedContributionPlanMaximumAnnualContributionsPerEmployeeAmount
|
5000 | ||
CY2018Q3 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
300000 | |
CY2017Q3 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
200000 | |
us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
1400000 | ||
us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
1000000 |