Upwork, Inc: Form 10-Q for the period ended Mar 31, 2023
Filed with the SEC on May 3, 2023 and accepted by EDGAR at May 3, 2023, 16:41 ET.
Sections
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Figures reported in this filing
Standardized line items from the XBRL in this filing, for the period ended 2023-03-31. Comparative periods it repeats are left out.
| Line item | Period | Value | XBRL concept |
|---|---|---|---|
| Revenue | 3 months2023-01-01 to 2023-03-31 | $160.9m | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
| Cost of revenue | 3 months2023-01-01 to 2023-03-31 | $40.4m | us-gaap:CostOfGoodsAndServicesSold |
| Gross profit | 3 months2023-01-01 to 2023-03-31 | $120.4m | us-gaap:GrossProfit |
| Research and development | 3 months2023-01-01 to 2023-03-31 | $44.5m | us-gaap:ResearchAndDevelopmentExpense |
| Operating income | 3 months2023-01-01 to 2023-03-31 | −$25.0m | us-gaap:OperatingIncomeLoss |
| Interest expense | 3 months2023-01-01 to 2023-03-31 | $1.1m | us-gaap:InterestExpense |
| Income tax | 3 months2023-01-01 to 2023-03-31 | $795.0k | us-gaap:IncomeTaxExpenseBenefit |
| Net income | 3 months2023-01-01 to 2023-03-31 | $17.2m | us-gaap:NetIncomeLoss |
| Diluted EPS | 3 months2023-01-01 to 2023-03-31 | −$0.15 | us-gaap:EarningsPerShareDiluted |
| Basic EPS | 3 months2023-01-01 to 2023-03-31 | $0.13 | us-gaap:EarningsPerShareBasic |
| Diluted shares (weighted) | 3 months2023-01-01 to 2023-03-31 | 135,966,415 shares | us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding |
| Operating cash flow | 3 months2023-01-01 to 2023-03-31 | −$8.7m | us-gaap:NetCashProvidedByUsedInOperatingActivities |
| Capital expenditure | 3 months2023-01-01 to 2023-03-31 | $158.0k | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment |
| Cash and equivalents | At period end2023-03-31 | $102.0m | us-gaap:CashAndCashEquivalentsAtCarryingValue |
| Current assets | At period end2023-03-31 | $767.8m | us-gaap:AssetsCurrent |
| Total assets | At period end2023-03-31 | $918.1m | us-gaap:Assets |
| Current liabilities | At period end2023-03-31 | $256.8m | us-gaap:LiabilitiesCurrent |
| Total liabilities | At period end2023-03-31 | $629.1m | us-gaap:Liabilities |
| Long-term debt | At period end2023-03-31 | $354.7m | us-gaap:LongTermDebtNoncurrent |
| Shareholders' equity | At period end2023-03-31 | $289.0m | us-gaap:StockholdersEquity |
| Shares outstanding | At period end2023-03-31 | 133,464,264 shares | dei:EntityCommonStockSharesOutstanding |
Source: SEC EDGAR, the filing index for accession 0001627475-23-000033. Last ingested by Listed: Nov 2, 2026, 18:28 ET. Listed shows no prices and gives no investment advice.