$UPWK
UPWORK, INC Stock $upwk

$upwk Overview Financials Valuation SEC Filings Company Website

2021 Q1 Form 10-Q Financial Statement

#000162747521000022 Filed on May 04, 2021

Income Statement

Concept	2021 Q1	2020 Q1
Revenue	$113.6M	$83.20M
YoY Change	36.57%	21.5%
Cost Of Revenue	$30.44M	$23.49M
YoY Change	29.62%	11.17%
Gross Profit	$83.18M	$59.71M
YoY Change	39.3%	26.1%
Gross Profit Margin	73.21%	71.77%
Selling, General & Admin	$63.14M	$48.50M
YoY Change	30.17%	34.06%
% of Gross Profit	75.9%	81.23%
Research & Development	$26.61M	$19.35M
YoY Change	37.55%	22.46%
% of Gross Profit	32.0%	32.4%
Depreciation & Amortization	$1.000M	$700.0K
YoY Change	42.86%	-12.5%
% of Gross Profit	1.2%	1.17%
Operating Expenses	$90.88M	$68.76M
YoY Change	32.16%	30.69%
Operating Profit	-$7.697M	-$9.051M
YoY Change	-14.96%	71.91%
Interest Expense	$199.0K	$230.0K
YoY Change	-13.48%	-38.34%
% of Operating Profit
Other Income/Expense, Net	$78.00K	-$731.0K
YoY Change	-110.67%	-252.61%
Pretax Income	-$7.818M	-$10.01M
YoY Change	-21.91%	94.07%
Income Tax	$17.00K	$9.000K
% Of Pretax Income
Net Earnings	-$7.835M	-$10.02M
YoY Change	-21.81%	94.21%
Net Earnings / Revenue	-6.9%	-12.05%
Basic Earnings Per Share	-$0.06
Diluted Earnings Per Share	-$0.06	-$87.64K
COMMON SHARES
Basic Shares Outstanding	125.3M shares	113.9M shares
Diluted Shares Outstanding	125.3M shares

Balance Sheet

Concept	2021 Q1	2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$169.8M	$145.3M
YoY Change	16.86%	19.88%
Cash & Equivalents	$104.3M	$65.64M
Short-Term Investments	$65.50M	$79.70M
Other Short-Term Assets	$172.1M	$132.0M
YoY Change	30.38%	4.1%
Inventory
Prepaid Expenses
Receivables	$51.89M	$35.26M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$393.9M	$312.5M
YoY Change	26.03%	5.5%
LONG-TERM ASSETS
Property, Plant & Equipment	$27.87M	$24.99M
YoY Change	11.52%	98.26%
Goodwill	$118.2M	$118.2M
YoY Change	0.0%	0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$1.560M	$1.040M
YoY Change	50.0%	-25.13%
Total Long-Term Assets	$166.5M	$169.5M
YoY Change	-1.81%	23.25%
TOTAL ASSETS
Total Short-Term Assets	$393.9M	$312.5M
Total Long-Term Assets	$166.5M	$169.5M
Total Assets	$560.3M	$482.1M
YoY Change	16.24%	11.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$12.08M	$1.719M
YoY Change	602.73%	11.48%
Accrued Expenses	$26.80M	$23.40M
YoY Change	14.53%	50.0%
Deferred Revenue	$18.16M	$14.39M
YoY Change	26.21%	32.79%
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$7.586M	$22.59M
YoY Change	-66.42%	-30.64%
Total Short-Term Liabilities	$226.0M	$185.6M
YoY Change	21.73%	8.76%
LONG-TERM LIABILITIES
Long-Term Debt	$1.263M	$8.814M
YoY Change	-85.67%	-46.1%
Other Long-Term Liabilities	$7.867M	$6.384M
YoY Change	23.23%	129.64%
Total Long-Term Liabilities	$9.130M	$15.20M
YoY Change	-39.93%	-20.57%
TOTAL LIABILITIES
Total Short-Term Liabilities	$226.0M	$185.6M
Total Long-Term Liabilities	$9.130M	$15.20M
Total Liabilities	$254.8M	$223.3M
YoY Change	14.11%	17.65%
SHAREHOLDERS EQUITY
Retained Earnings	-$202.7M	-$182.0M
YoY Change	11.36%	22.77%
Common Stock	$508.2M	$440.7M
YoY Change	15.3%	12.37%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$305.5M	$258.7M
YoY Change
Total Liabilities & Shareholders Equity	$560.3M	$482.1M
YoY Change	16.24%	11.13%

Cashflow Statement

Concept	2021 Q1	2020 Q1
OPERATING ACTIVITIES
Net Income	-$7.835M	-$10.02M
YoY Change	-21.81%	94.21%
Depreciation, Depletion And Amortization	$1.000M	$700.0K
YoY Change	42.86%	-12.5%
Cash From Operating Activities	$1.876M	-$1.702M
YoY Change	-210.22%	-94.21%
INVESTING ACTIVITIES
Capital Expenditures	$70.00K	$1.288M
YoY Change	-94.57%	-64.26%
Acquisitions
YoY Change
Other Investing Activities	$10.02M	$6.210M
YoY Change	61.35%	-108.66%
Cash From Investing Activities	$7.656M	$2.924M
YoY Change	161.83%	-103.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$27.06M	$31.11M
YoY Change	-12.99%	-34.74%
NET CHANGE
Cash From Operating Activities	$1.876M	-$1.702M
Cash From Investing Activities	$7.656M	$2.924M
Cash From Financing Activities	$27.06M	$31.11M
Net Change In Cash	$36.60M	$32.33M
YoY Change	13.2%	-155.49%
FREE CASH FLOW
Cash From Operating Activities	$1.876M	-$1.702M
Capital Expenditures	$70.00K	$1.288M
Free Cash Flow	$1.806M	-$2.990M
YoY Change	-160.4%	-90.94%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2021Q1	dei	Amendment Flag AmendmentFlag	false
CY2021Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2021
CY2021Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2021Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	19714000	USD
CY2021Q1	dei	Entity Registrant Name EntityRegistrantName	UPWORK INC.
CY2021Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001627475
CY2021Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2021Q1	dei	Document Type DocumentType	10-Q
CY2021Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2021Q1	dei	Document Period End Date DocumentPeriodEndDate	2021-03-31
CY2021Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2021Q1	dei	Entity File Number EntityFileNumber	001-38678
CY2021Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2021Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	46-4337682
CY2021Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	475 Brannan Street, Suite 430
CY2021Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	San Francisco,
CY2021Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	CA
CY2021Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	94107
CY2021Q1	dei	City Area Code CityAreaCode	650
CY2021Q1	dei	Local Phone Number LocalPhoneNumber	316-7500
CY2021Q1	dei	Security12b Title Security12bTitle	Common Stock, $0.0001 par value per share
CY2021Q1	dei	Trading Symbol TradingSymbol	UPWK
CY2021Q1	dei	Security Exchange Name SecurityExchangeName	NASDAQ
CY2021Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2021Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2021Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2021Q1	dei	Entity Small Business EntitySmallBusiness	false
CY2021Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2021Q1	dei	Entity Shell Company EntityShellCompany	false
CY2021Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	126144849	shares
CY2021Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	104316000	USD
CY2020Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	94081000	USD
CY2021Q1	us-gaap	Marketable Securities Current MarketableSecuritiesCurrent	65513000	USD
CY2020Q4	us-gaap	Marketable Securities Current MarketableSecuritiesCurrent	75570000	USD
CY2021Q1	us-gaap	Escrow Deposit EscrowDeposit	161403000	USD
CY2020Q4	us-gaap	Escrow Deposit EscrowDeposit	135042000	USD
CY2021Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	1792000	USD
CY2020Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	1661000	USD
CY2021Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	51894000	USD
CY2020Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	47018000	USD
CY2021Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	10742000	USD
CY2020Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	9090000	USD
CY2021Q1	us-gaap	Assets Current AssetsCurrent	393868000	USD
CY2020Q4	us-gaap	Assets Current AssetsCurrent	360801000	USD
CY2021Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	27868000	USD
CY2020Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	28139000	USD
CY2021Q1	us-gaap	Goodwill Goodwill	118219000	USD
CY2020Q4	us-gaap	Goodwill Goodwill	118219000	USD
CY2021Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	0	USD
CY2020Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	667000	USD
CY2021Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	18818000	USD
CY2020Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	19729000	USD
CY2021Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	1560000	USD
CY2020Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	1672000	USD
CY2021Q1	us-gaap	Assets Assets	560333000	USD
CY2020Q4	us-gaap	Assets Assets	529227000	USD
CY2021Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	12080000	USD
CY2020Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	6455000	USD
CY2021Q1	upwk	Escrow Funds Payable EscrowFundsPayable	161403000	USD
CY2020Q4	upwk	Escrow Funds Payable EscrowFundsPayable	135042000	USD
CY2021Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	7586000	USD
CY2020Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	7581000	USD
CY2021Q1	upwk	Accrued Expenses And Other Current Liabilities AccruedExpensesAndOtherCurrentLiabilities	26762000	USD
CY2020Q4	upwk	Accrued Expenses And Other Current Liabilities AccruedExpensesAndOtherCurrentLiabilities	32868000	USD
CY2021Q1	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	18157000	USD
CY2020Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	16801000	USD
CY2021Q1	us-gaap	Liabilities Current LiabilitiesCurrent	225988000	USD
CY2020Q4	us-gaap	Liabilities Current LiabilitiesCurrent	198747000	USD
CY2021Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	1263000	USD
CY2020Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	3142000	USD
CY2020Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	20506000	USD
CY2021Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	7867000	USD
CY2020Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	7522000	USD
CY2021Q1	us-gaap	Liabilities Liabilities	254832000	USD
CY2020Q4	us-gaap	Liabilities Liabilities	229917000	USD
CY2021Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2020Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2020Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2021Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2020Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	490000000	shares
CY2021Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	490000000	shares
CY2021Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	125962107	shares
CY2021Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	125962107	shares
CY2020Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	124795222	shares
CY2020Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	124795222	shares
CY2021Q1	us-gaap	Common Stock Value CommonStockValue	13000	USD
CY2020Q4	us-gaap	Common Stock Value CommonStockValue	12000	USD
CY2021Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	508147000	USD
CY2020Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	494122000	USD
CY2021Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-202659000	USD
CY2020Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-194824000	USD
CY2021Q1	us-gaap	Stockholders Equity StockholdersEquity	305501000	USD
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	299310000	USD
CY2021Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	560333000	USD
CY2020Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	529227000	USD
CY2021Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	113619000	USD
CY2020Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	83196000	USD
CY2021Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	30441000	USD
CY2020Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	23485000	USD
CY2021Q1	us-gaap	Gross Profit GrossProfit	83178000	USD
CY2020Q1	us-gaap	Gross Profit GrossProfit	59711000	USD
CY2021Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	26613000	USD
CY2020Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	19348000	USD
CY2020Q1	upwk	Provision For Transaction Losses ProvisionForTransactionLosses	912000	USD
CY2021Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	39604000	USD
CY2020Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	30678000	USD
CY2021Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	23531000	USD
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CY2021Q1	upwk	Provision For Transaction Losses ProvisionForTransactionLosses	1127000	USD
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CY2020Q1	us-gaap	Operating Expenses OperatingExpenses	68762000	USD
CY2021Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-7697000	USD
CY2020Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-9051000	USD
CY2021Q1	us-gaap	Interest Expense InterestExpense	199000	USD
CY2020Q1	us-gaap	Interest Expense InterestExpense	230000	USD
CY2021Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	78000	USD
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CY2021Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-7818000	USD
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CY2021Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	17000	USD
CY2020Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	9000	USD
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CY2021Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	125279000	shares
CY2020Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	114119000	shares
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CY2020Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	650000	USD
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CY2020Q1	upwk	Operating Lease Right Of Use Asset Amortization OperatingLeaseRightOfUseAssetAmortization	969000	USD
CY2021Q1	upwk	Increase Decrease In Common Stock Warrant IncreaseDecreaseInCommonStockWarrant	188000	USD
CY2020Q1	upwk	Increase Decrease In Common Stock Warrant IncreaseDecreaseInCommonStockWarrant	188000	USD
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CY2021Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	1542000	USD
CY2020Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	464000	USD
CY2021Q1	upwk	Increase Decrease Operating Lease Liability IncreaseDecreaseOperatingLeaseLiability	-401000	USD
CY2020Q1	upwk	Increase Decrease Operating Lease Liability IncreaseDecreaseOperatingLeaseLiability	-459000	USD
CY2021Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	5540000	USD
CY2020Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	994000	USD
CY2021Q1	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-6291000	USD
CY2020Q1	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	3881000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	1876000	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1702000	USD
CY2021Q1	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	20976000	USD
CY2020Q1	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	26789000	USD
CY2021Q1	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	31000000	USD
CY2020Q1	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	33000000	USD
CY2021Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	70000	USD
CY2020Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1288000	USD
CY2021Q1	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	2298000	USD
CY2020Q1	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	1999000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	7656000	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	2924000	USD
CY2021Q1	upwk	Changes In Escrow Funds Payable ChangesInEscrowFundsPayable	26360000	USD
CY2020Q1	upwk	Changes In Escrow Funds Payable ChangesInEscrowFundsPayable	14834000	USD
CY2021Q1	upwk	Proceeds From Exercises Of Stock Options And Common Stock Warrant ProceedsFromExercisesOfStockOptionsAndCommonStockWarrant	2597000	USD
CY2020Q1	upwk	Proceeds From Exercises Of Stock Options And Common Stock Warrant ProceedsFromExercisesOfStockOptionsAndCommonStockWarrant	3165000	USD
CY2021Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	0	USD
CY2020Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	15000000	USD
CY2021Q1	us-gaap	Repayments Of Debt RepaymentsOfDebt	1893000	USD
CY2020Q1	us-gaap	Repayments Of Debt RepaymentsOfDebt	1893000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	27064000	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	31106000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	36596000	USD
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	32328000	USD
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	232463000	USD
CY2019Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	159603000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	269059000	USD
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	191931000	USD
CY2021Q1	us-gaap	Interest Paid Net InterestPaidNet	105000	USD
CY2020Q1	us-gaap	Interest Paid Net InterestPaidNet	239000	USD
CY2021Q1	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	173000	USD
CY2020Q1	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	2435000	USD
CY2021Q1	us-gaap	Capitalized Costs Asset Retirement Costs CapitalizedCostsAssetRetirementCosts	0	USD
CY2020Q1	us-gaap	Capitalized Costs Asset Retirement Costs CapitalizedCostsAssetRetirementCosts	40000	USD
CY2021Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="margin-bottom:6pt;text-align:justify"><span style="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="margin-bottom:6pt;text-align:justify"><span style="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; 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>
CY2021Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	22500000	USD
CY2021Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	18200000	USD
CY2021Q1	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P12M
CY2021Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	51894000	USD
CY2020Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	47018000	USD
CY2021Q1	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	18157000	USD
CY2020Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	16801000	USD
CY2021Q1	us-gaap	Contract With Customer Liability Noncurrent ContractWithCustomerLiabilityNoncurrent	4361000	USD
CY2020Q4	us-gaap	Contract With Customer Liability Noncurrent ContractWithCustomerLiabilityNoncurrent	4177000	USD
CY2021Q1	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	6200000	USD
CY2020Q1	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	5100000	USD
CY2021Q1	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	155549000	USD
CY2020Q4	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	147292000	USD
CY2021Q1	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	8900000	USD
CY2020Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	10800000	USD
CY2021Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	104316000	USD
CY2020Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	94081000	USD
CY2021Q1	us-gaap	Restricted Cash RestrictedCash	3340000	USD
CY2020Q4	us-gaap	Restricted Cash RestrictedCash	3340000	USD
CY2021Q1	us-gaap	Capitalized Computer Software Amortization1 CapitalizedComputerSoftwareAmortization1	1500000	USD
CY2020Q1	us-gaap	Capitalized Computer Software Amortization1 CapitalizedComputerSoftwareAmortization1	900000	USD
CY2021Q1	upwk	Funds Held In Escrow Including Funds In Transit FundsHeldInEscrowIncludingFundsInTransit	161403000	USD
CY2020Q4	upwk	Funds Held In Escrow Including Funds In Transit FundsHeldInEscrowIncludingFundsInTransit	135042000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	269059000	USD
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	232463000	USD
CY2021Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	45770000	USD
CY2020Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	43513000	USD
CY2021Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	17902000	USD
CY2020Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	15374000	USD
CY2021Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	27868000	USD
CY2020Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	28139000	USD
CY2021Q1	us-gaap	Depreciation Depreciation	1000000.0	USD
CY2020Q1	us-gaap	Depreciation Depreciation	700000	USD
CY2021Q1	us-gaap	Capitalized Computer Software Additions CapitalizedComputerSoftwareAdditions	2100000	USD
CY2020Q1	us-gaap	Capitalized Computer Software Additions CapitalizedComputerSoftwareAdditions	1600000	USD
CY2021Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	700000	USD
CY2020Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	700000	USD
CY2021Q1	upwk	Accrued Compensation And Related Benefits Current AccruedCompensationAndRelatedBenefitsCurrent	9203000	USD
CY2020Q4	upwk	Accrued Compensation And Related Benefits Current AccruedCompensationAndRelatedBenefitsCurrent	14007000	USD
CY2021Q1	upwk	Accrued Freelancer Costs Current AccruedFreelancerCostsCurrent	963000	USD
CY2020Q4	upwk	Accrued Freelancer Costs Current AccruedFreelancerCostsCurrent	1235000	USD
CY2021Q1	upwk	Accrued Indirect Taxes Current AccruedIndirectTaxesCurrent	2522000	USD
CY2020Q4	upwk	Accrued Indirect Taxes Current AccruedIndirectTaxesCurrent	3818000	USD
CY2021Q1	upwk	Accrued Vendor Expenses Current AccruedVendorExpensesCurrent	8036000	USD
CY2020Q4	upwk	Accrued Vendor Expenses Current AccruedVendorExpensesCurrent	8662000	USD
CY2021Q1	upwk	Accrued Payment Processing Fees Current AccruedPaymentProcessingFeesCurrent	1618000	USD
CY2020Q4	upwk	Accrued Payment Processing Fees Current AccruedPaymentProcessingFeesCurrent	1219000	USD
CY2021Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	4116000	USD
CY2020Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	3725000	USD
CY2021Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	304000	USD
CY2020Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	202000	USD
CY2021Q1	upwk	Accrued Expenses And Other Current Liabilities AccruedExpensesAndOtherCurrentLiabilities	26762000	USD
CY2020Q4	upwk	Accrued Expenses And Other Current Liabilities AccruedExpensesAndOtherCurrentLiabilities	32868000	USD
CY2021Q1	upwk	Letters Of Credit Held LettersOfCreditHeld	3	letter
CY2020Q4	upwk	Letters Of Credit Held LettersOfCreditHeld	3	letter
CY2020Q4	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	1000000.0	USD
CY2021Q1	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	1000000.0	USD
CY2021Q1	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	8857000	USD
CY2020Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	10750000	USD
CY2021Q1	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount	8000	USD
CY2020Q4	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount	27000	USD
CY2021Q1	us-gaap	Long Term Debt LongTermDebt	8849000	USD
CY2020Q4	us-gaap	Long Term Debt LongTermDebt	10723000	USD
CY2021Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	7586000	USD
CY2020Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	7581000	USD
CY2021Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	1263000	USD
CY2020Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	3142000	USD
CY2021Q1	us-gaap	Debt Weighted Average Interest Rate DebtWeightedAverageInterestRate	0.0439
CY2020Q4	us-gaap	Debt Weighted Average Interest Rate DebtWeightedAverageInterestRate	0.0564
CY2021Q1	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	49000000.0	USD
CY2021Q1	upwk	Adjusted Liquidity Ratio AdjustedLiquidityRatio	1.75
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	-7835000	USD
CY2020Q1	us-gaap	Net Income Loss NetIncomeLoss	-10021000	USD
CY2021Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	125279109	shares
CY2020Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	114118958	shares
CY2021Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.06
CY2020Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.09
CY2021Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	12325794	shares
CY2020Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	21218487	shares
CY2021Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	1	segment
CY2021Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	segment
CY2021Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	113619000	USD
CY2020Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	83196000	USD
CY2021Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	113619000	USD
CY2020Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	83196000	USD

Files In Submission

Name	View Source	Status
0001627475-21-000022-index-headers.html	Edgar Link	pending
0001627475-21-000022-index.html	Edgar Link	pending
0001627475-21-000022.txt	Edgar Link	pending
0001627475-21-000022-xbrl.zip	Edgar Link	pending
exhibit101stockoptionagree.htm	Edgar Link	pending
exhibit102svbfifthamendment.htm	Edgar Link	pending
exhibit3111q21.htm	Edgar Link	pending
exhibit3121q21.htm	Edgar Link	pending
exhibit3211q21.htm	Edgar Link	pending
exhibit3221q21.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
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R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
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R3.htm	Edgar Link	pending
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R38.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
upwk-20210331.htm	Edgar Link	pending
upwk-20210331.xsd	Edgar Link	pending
upwk-20210331_cal.xml	Edgar Link	unprocessable
upwk-20210331_def.xml	Edgar Link	unprocessable
upwk-20210331_htm.xml	Edgar Link	completed
upwk-20210331_lab.xml	Edgar Link	unprocessable
upwk-20210331_pre.xml	Edgar Link	unprocessable

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$UPWK
UPWORK, INC Stock $upwk

2021 Q1 Form 10-Q Financial Statement

#000162747521000022 Filed on May 04, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$UPWK UPWORK, INC Stock $upwk

2021 Q1 Form 10-Q Financial Statement

#000162747521000022 Filed on May 04, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$UPWK
UPWORK, INC Stock $upwk