What is Upwork's backlog?

Upwork reported $2.50M of remaining performance obligations at 30 Sep 2024, down 89% from a year earlier and down 51% from the previous quarter. That is 0.0 years of trailing revenue already under contract. Book-to-bill last quarter: 0.99.

Upwork (UPWK) backlog: remaining performance obligations

How much revenue Upwork already has under contract, how fast it converts, and who it is with.

Data as of 7 Nov 2026.

Open the interactive Backlog view Upwork competitor analysis

Upwork reported $2.50M of remaining performance obligations at 30 Sep 2024, down 89% from a year earlier and down 51% from the previous quarter. That is 0.0 years of trailing revenue already under contract. Book-to-bill last quarter: 0.99.
Net new backlog added in the latest quarter: -$2.60M.
Customer prepayments (contract liabilities) cover 352.0% of the backlog.
Twelve-month book-to-bill: 0.97, i.e. 0.97 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -104 points — revenue is catching up with orders.
The latest filed figure is more than 200 days old.

Upwork backlog history

Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).

Amounts in USD. Source: SEC XBRL filings.
Quarter end	Backlog (RPO)	TTM revenue	Coverage	Customer prepayments
30 Sep 2024	$2.50M	$762M	0.0 yrs	$8.80M
30 Jun 2024	$5.10M	$744M	0.0 yrs	$10.8M
31 Mar 2024	$14.0M	$719M	0.0 yrs	$14.0M
31 Dec 2023	$18.2M	$689M	0.0 yrs	$17.4M
30 Sep 2023	$23.7M	$667M	0.0 yrs	$21.2M
30 Jun 2023	$29.2M	$650M	0.0 yrs	$24.1M
31 Mar 2023	$32.9M	$638M	0.1 yrs	$25.6M
31 Dec 2022	$32.7M	$618M	0.1 yrs	$25.1M
30 Sep 2022	$32.7M	$594M	0.1 yrs	$24.9M
30 Jun 2022	$30.7M	$563M	0.1 yrs	$24.0M
31 Mar 2022	$30.1M	$530M	0.1 yrs	$23.5M
31 Dec 2021	$28.4M	$503M	0.1 yrs	$22.1M

Questions

What is Upwork's backlog?: Upwork reported $2.50M of remaining performance obligations at 30 Sep 2024, down 89% from a year earlier and down 51% from the previous quarter. That is 0.0 years of trailing revenue already under contract. Book-to-bill last quarter: 0.99.

About these numbers

Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.