2020 Q2 Form 10-Q Financial Statement

#000162747520000031 Filed on August 04, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2 2019 Q1
Revenue $87.53M $73.78M $68.48M
YoY Change 18.63% 17.71% 15.63%
Cost Of Revenue $25.41M $21.59M $21.13M
YoY Change 17.7% 5.53% 7.69%
Gross Profit $62.12M $52.20M $47.35M
YoY Change 19.02% 23.61% 19.57%
Gross Profit Margin 70.97% 70.74% 69.15%
Selling, General & Admin $51.54M $38.54M $36.18M
YoY Change 33.73% 39.48% 17.28%
% of Gross Profit 82.97% 73.84% 76.41%
Research & Development $20.55M $15.70M $15.80M
YoY Change 30.91% 22.51% 17.12%
% of Gross Profit 33.07% 30.07% 33.37%
Depreciation & Amortization $800.0K $600.0K $800.0K
YoY Change 33.33% 20.0% 100.0%
% of Gross Profit 1.29% 1.15% 1.69%
Operating Expenses $73.11M $55.09M $52.62M
YoY Change 32.7% 31.5% 15.36%
Operating Profit -$10.98M -$2.899M -$5.265M
YoY Change 278.89% -981.16% -12.38%
Interest Expense $258.0K $357.0K $373.0K
YoY Change -27.73% -35.79% -29.49%
% of Operating Profit
Other Income/Expense, Net $248.0K $832.0K $479.0K
YoY Change -70.19% -580.92% -292.37%
Pretax Income -$10.99M -$2.424M -$5.159M
YoY Change 353.55% 506.0% -23.99%
Income Tax $30.00K $27.00K $1.000K
% Of Pretax Income
Net Earnings -$11.02M -$2.451M -$5.160M
YoY Change 349.78% 494.9% -23.94%
Net Earnings / Revenue -12.59% -3.32% -7.54%
Basic Earnings Per Share -$0.09
Diluted Earnings Per Share -$0.09 -$23.00K -$48.78K
COMMON SHARES
Basic Shares Outstanding 116.5M shares 107.2M shares 106.7M shares
Diluted Shares Outstanding 116.5M shares

Balance Sheet

Concept 2020 Q2 2019 Q2 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $146.4M $129.5M $121.2M
YoY Change 13.05% 313.74%
Cash & Equivalents $76.76M $188.0M $171.8M
Short-Term Investments $69.60M $62.40M $72.00M
Other Short-Term Assets $138.6M $124.9M $126.8M
YoY Change 10.97% 44.06%
Inventory
Prepaid Expenses
Receivables $33.23M $51.45M $20.33M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $318.2M $305.8M $296.3M
YoY Change 4.03% 97.44%
LONG-TERM ASSETS
Property, Plant & Equipment $27.28M $19.21M $12.60M
YoY Change 42.05% 220.12%
Goodwill $118.2M $118.2M $118.2M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.546M $976.0K $1.389M
YoY Change 58.4% -74.32%
Total Long-Term Assets $170.7M $143.1M $137.5M
YoY Change 19.31% 5.67%
TOTAL ASSETS
Total Short-Term Assets $318.2M $305.8M $296.3M
Total Long-Term Assets $170.7M $143.1M $137.5M
Total Assets $488.8M $448.9M $433.8M
YoY Change 8.9% 54.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.180M $1.521M $1.542M
YoY Change 240.57% -19.95%
Accrued Expenses $25.40M $19.10M $15.60M
YoY Change 32.98% -43.66%
Deferred Revenue $14.98M $1.130M $10.83M
YoY Change 1226.02%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $7.594M $32.57M $32.57M
YoY Change -76.69% 154.48%
Total Short-Term Liabilities $182.7M $172.7M $170.7M
YoY Change 5.8% 32.0%
LONG-TERM LIABILITIES
Long-Term Debt $6.929M $14.47M $16.35M
YoY Change -52.11% -31.43%
Other Long-Term Liabilities $6.996M $4.148M $2.780M
YoY Change 68.66% 65.92%
Total Long-Term Liabilities $13.93M $18.62M $19.13M
YoY Change -25.2% -21.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $182.7M $172.7M $170.7M
Total Long-Term Liabilities $13.93M $18.62M $19.13M
Total Liabilities $218.7M $191.3M $189.8M
YoY Change 14.34% 23.88%
SHAREHOLDERS EQUITY
Retained Earnings -$193.0M -$150.3M -$148.2M
YoY Change 28.45%
Common Stock $463.1M $407.9M $392.2M
YoY Change 13.55%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $270.1M $245.0M $231.7M
YoY Change
Total Liabilities & Shareholders Equity $488.8M $448.9M $433.8M
YoY Change 8.9% 54.64%

Cashflow Statement

Concept 2020 Q2 2019 Q2 2019 Q1
OPERATING ACTIVITIES
Net Income -$11.02M -$2.451M -$5.160M
YoY Change 349.78% 494.9% -23.94%
Depreciation, Depletion And Amortization $800.0K $600.0K $800.0K
YoY Change 33.33% 20.0% 100.0%
Cash From Operating Activities $8.360M $1.570M -$29.40M
YoY Change 432.48% -70.93% -687.9%
INVESTING ACTIVITIES
Capital Expenditures -$5.900M -$4.810M $3.604M
YoY Change 22.66% 123.72% 680.09%
Acquisitions
YoY Change
Other Investing Activities $10.04M $9.940M -$71.71M
YoY Change 1.01% 71610.0%
Cash From Investing Activities $4.150M $5.150M -$76.53M
YoY Change -19.42% -339.53% 6336.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.610M 9.480M $47.66M
YoY Change -51.37% 485.19% 4417.82%
NET CHANGE
Cash From Operating Activities 8.360M 1.570M -$29.40M
Cash From Investing Activities 4.150M 5.150M -$76.53M
Cash From Financing Activities 4.610M 9.480M $47.66M
Net Change In Cash 17.12M 16.20M -$58.26M
YoY Change 5.68% 232.65% -1297.27%
FREE CASH FLOW
Cash From Operating Activities $8.360M $1.570M -$29.40M
Capital Expenditures -$5.900M -$4.810M $3.604M
Free Cash Flow $14.26M $6.380M -$33.00M
YoY Change 123.51% -15.5% -827.17%

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upwk Depreciation And Amortization Excluding Amortization Of Financing Costs
DepreciationAndAmortizationExcludingAmortizationOfFinancingCosts
2827000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
26000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
26000 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
257000 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
665000 USD
upwk Operating Lease Right Of Use Asset Amortization
OperatingLeaseRightOfUseAssetAmortization
1945000 USD
upwk Operating Lease Right Of Use Asset Amortization
OperatingLeaseRightOfUseAssetAmortization
2177000 USD
upwk Increase Decrease In Common Stock Warrant
IncreaseDecreaseInCommonStockWarrant
376000 USD
upwk Increase Decrease In Common Stock Warrant
IncreaseDecreaseInCommonStockWarrant
377000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
12671000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
6926000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4773000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
29978000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
968000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
585000 USD
upwk Increase Decrease Operating Lease Liability
IncreaseDecreaseOperatingLeaseLiability
-925000 USD
upwk Increase Decrease Operating Lease Liability
IncreaseDecreaseOperatingLeaseLiability
-998000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
4403000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-589000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
7232000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-2088000 USD
us-gaap Increase Decrease In Commodity Contract Assets And Liabilities
IncreaseDecreaseInCommodityContractAssetsAndLiabilities
-1585000 USD
us-gaap Increase Decrease In Commodity Contract Assets And Liabilities
IncreaseDecreaseInCommodityContractAssetsAndLiabilities
-1317000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6662000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-27826000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
47748000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
86567000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
64000000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
24800000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5627000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7435000 USD
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
3559000 USD
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
2182000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
7066000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-71384000 USD
upwk Changes In Escrow Funds Payable
ChangesInEscrowFundsPayable
20832000 USD
upwk Changes In Escrow Funds Payable
ChangesInEscrowFundsPayable
20116000 USD
upwk Proceeds From Exercises Of Stock Options And Common Stock Warrant
ProceedsFromExercisesOfStockOptionsAndCommonStockWarrant
16010000 USD
upwk Proceeds From Exercises Of Stock Options And Common Stock Warrant
ProceedsFromExercisesOfStockOptionsAndCommonStockWarrant
10340000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
18000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
50000000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
21786000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
26893000 USD
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
2661000 USD
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
3577000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
35717000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
57140000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
49445000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-42070000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
159603000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
230067000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
209048000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
187997000 USD
us-gaap Interest Paid Net
InterestPaidNet
499000 USD
us-gaap Interest Paid Net
InterestPaidNet
714000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
478000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
3140000 USD
CY2020Q2 us-gaap Capitalized Costs Asset Retirement Costs
CapitalizedCostsAssetRetirementCosts
170000 USD
CY2019Q2 us-gaap Capitalized Costs Asset Retirement Costs
CapitalizedCostsAssetRetirementCosts
0 USD
CY2015 upwk Number Of Operating Platforms Consolidated
NumberOfOperatingPlatformsConsolidated
2 segment
CY2019Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
14064000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-2451000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Use of Estimates</span></div><div style="text-align:justify;margin-bottom:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">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; standalone selling price of material rights and the period of time over which to defer and recognize the consideration allocated to the material rights; 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.</span></div>
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
73783000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
142259000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
29725000 USD
us-gaap Net Income Loss
NetIncomeLoss
-7611000 USD
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.07
us-gaap Profit Loss
ProfitLoss
-7611000 USD
upwk Operating Lease Right Of Use Asset Amortization
OperatingLeaseRightOfUseAssetAmortization
2177000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
187997000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
29978000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
585000 USD
upwk Increase Decrease Operating Lease Liability
IncreaseDecreaseOperatingLeaseLiability
-998000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-2088000 USD
us-gaap Increase Decrease In Commodity Contract Assets And Liabilities
IncreaseDecreaseInCommodityContractAssetsAndLiabilities
-1317000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
0 USD
upwk Escrow Funds Payable Adjustment
EscrowFundsPayableAdjustment
0 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-42070000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
230067000 USD
CY2020Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
18500000 USD
CY2020Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
15000000.0 USD
CY2020Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2020Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
14984000 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
13799000 USD
CY2020Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
3552000 USD
CY2019Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
3153000 USD
CY2020Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
4900000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
8000000.0 USD
CY2019Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3600000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
6200000 USD
CY2020Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
129438000 USD
CY2019Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
120767000 USD
CY2020Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
14500000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
18300000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
76755000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
48392000 USD
CY2020Q2 us-gaap Restricted Cash
RestrictedCash
2740000 USD
CY2019Q4 us-gaap Restricted Cash
RestrictedCash
2490000 USD
CY2020Q2 upwk Funds Held In Escrow Including Funds In Transit
FundsHeldInEscrowIncludingFundsInTransit
129553000 USD
CY2019Q4 upwk Funds Held In Escrow Including Funds In Transit
FundsHeldInEscrowIncludingFundsInTransit
108721000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
209048000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
159603000 USD
us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
3300000 USD
CY2020Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
11358000 USD
CY2019Q2 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
1400000 USD
CY2020Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
38642000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
29369000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
7915000 USD
CY2020Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
27284000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
21454000 USD
CY2020Q2 us-gaap Depreciation
Depreciation
800000 USD
CY2019Q2 us-gaap Depreciation
Depreciation
600000 USD
us-gaap Depreciation
Depreciation
1500000 USD
us-gaap Depreciation
Depreciation
1400000 USD
CY2020Q2 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
1700000 USD
us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
2500000 USD
CY2020Q2 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
1100000 USD
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
2000000.0 USD
CY2020Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
700000 USD
CY2019Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
700000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1300000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1300000 USD
CY2020Q2 upwk Accrued Compensation And Related Benefits Current
AccruedCompensationAndRelatedBenefitsCurrent
7245000 USD
CY2019Q4 upwk Accrued Compensation And Related Benefits Current
AccruedCompensationAndRelatedBenefitsCurrent
5344000 USD
CY2020Q2 upwk Accrued Freelancer Costs Current
AccruedFreelancerCostsCurrent
1552000 USD
CY2019Q4 upwk Accrued Freelancer Costs Current
AccruedFreelancerCostsCurrent
622000 USD
CY2020Q2 upwk Accrued Indirect Taxes Current
AccruedIndirectTaxesCurrent
2044000 USD
CY2019Q4 upwk Accrued Indirect Taxes Current
AccruedIndirectTaxesCurrent
2401000 USD
CY2020Q2 upwk Accrued Vendor Expenses Current
AccruedVendorExpensesCurrent
9720000 USD
CY2019Q4 upwk Accrued Vendor Expenses Current
AccruedVendorExpensesCurrent
5485000 USD
CY2020Q2 upwk Accrued Payment Processing Fees Current
AccruedPaymentProcessingFeesCurrent
837000 USD
CY2019Q4 upwk Accrued Payment Processing Fees Current
AccruedPaymentProcessingFeesCurrent
832000 USD
CY2020Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3053000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3214000 USD
CY2019Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
38000 USD
CY2020Q2 us-gaap Long Term Debt
LongTermDebt
14523000 USD
CY2020Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
913000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
444000 USD
CY2020Q2 upwk Accrued Expenses And Other Current Liabilities
AccruedExpensesAndOtherCurrentLiabilities
25364000 USD
CY2019Q4 upwk Accrued Expenses And Other Current Liabilities
AccruedExpensesAndOtherCurrentLiabilities
18342000 USD
CY2020Q2 upwk Letters Of Credit Held
LettersOfCreditHeld
3 letter
CY2019Q4 upwk Letters Of Credit Held
LettersOfCreditHeld
3 letter
CY2020Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1000000.0 USD
CY2019Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
800000 USD
CY2020Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
14535000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
18321000 USD
CY2020Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
12000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-2451000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
18283000 USD
CY2020Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
7594000 USD
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
7584000 USD
CY2020Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6929000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
10699000 USD
CY2020Q2 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0499
CY2019Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0693
CY2020Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
49000000.0 USD
upwk Adjusted Liquidity Ratio
AdjustedLiquidityRatio
1.75
CY2020Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
15000000.0 USD
CY2020Q2 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
3000000.0 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-11024000 USD
us-gaap Net Income Loss
NetIncomeLoss
-21045000 USD
us-gaap Net Income Loss
NetIncomeLoss
-7611000 USD
CY2020Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
116523570 shares
CY2019Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
108683099 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
115321264 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
107665492 shares
CY2020Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.09
CY2019Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.02
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.18
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.07
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
17484848 shares
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
22287003 shares
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
142259000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
87531000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
73783000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
87531000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
73783000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
170727000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
170727000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
142259000 USD

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