Filing Flows › Upwork (UPWK) › Capital expenditures
Upwork (UPWK) capital expenditures by quarter
Upwork's capital expenditures were $12.1M in Q3 2026 (third quarter 2026), +11% from Q2 2026. Over the last 7 quarters it ranged from $455K (Q4 2025) to $12.1M (Q3 2026).
| Quarter | Capital expenditures | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | $12.1M | +11% | +114% |
| Q2 2026 | $10.9M | +8% | +59% |
| Q1 2026 | $10.1M | 22× | +64% |
| Q4 2025 | $455K | -92% | — |
| Q3 2025 | $5.6M | -18% | — |
| Q2 2025 | $6.9M | +12% | — |
| Q1 2025 | $6.2M | — | — |
Q3 2026 at a glance
Upwork, Q3 2026: revenue $186M (-8% year over year), operating margin 18.6%, net earnings $31.8M, operating cash flow $65.9M. The chart follows the revenue to costs, profit and cash.
Questions
What is Upwork's capital expenditures?
Upwork's capital expenditures were $12.1M in Q3 2026 (third quarter 2026), +11% from Q2 2026.
How has Upwork's capital expenditures changed?
Over the last 7 quarters it ranged from $455K (Q4 2025) to $12.1M (Q3 2026).