Upwork Inc. (FRA:UP2)
Germany · Delayed Price · Currency is EUR 18.31
-0.49 (-2.61%)
At close: Jan 27, 2026
Upwork Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
Period Ending | Sep '25 Sep 30, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 |
| 780.86 | 769.33 | 689.14 | 618.32 | 502.8 | 373.63 | |
Revenue Growth (YoY) | 2.50% | 11.64% | 11.45% | 22.98% | 34.57% | 24.31% |
Cost of Revenue | 173.39 | 173.76 | 170.45 | 160.4 | 135.51 | 104.27 |
Gross Profit | 607.47 | 595.57 | 518.69 | 457.92 | 367.29 | 269.36 |
Selling, General & Admin | 277.07 | 303.58 | 339.61 | 370.83 | 287.63 | 204.74 |
Research & Development | 183.83 | 201.13 | 177.36 | 154.55 | 119.08 | 83.47 |
Other Operating Expenses | 8.65 | 6.73 | 12.98 | 25.15 | 6.05 | 3.56 |
Operating Expenses | 469.55 | 511.44 | 529.95 | 550.54 | 412.77 | 291.77 |
Operating Income | 137.92 | 84.13 | -11.26 | -92.62 | -45.48 | -22.41 |
Interest Expense | -2.76 | -2.76 | -3.22 | -4.48 | - | -0.78 |
Interest & Investment Income | 26.96 | 27.96 | 24.42 | 7.92 | 0.3 | 1.07 |
Currency Exchange Gain (Loss) | 0.1 | 0.1 | 0.5 | -0.2 | -0.5 | -0.6 |
Other Non Operating Income (Expenses) | -1.14 | 0.18 | -0.51 | 0.04 | -1.7 | - |
EBT Excluding Unusual Items | 161.08 | 109.61 | 9.93 | -89.35 | -47.38 | -22.72 |
Merger & Restructuring Charges | -23.59 | -19.19 | - | - | - | - |
Asset Writedown | - | - | - | - | -8.74 | - |
Other Unusual Items | - | - | 38.95 | - | - | - |
Pretax Income | 137.5 | 90.43 | 48.88 | -89.35 | -56.12 | -22.72 |
Income Tax Expense | -109.46 | -125.16 | 1.99 | 0.54 | 0.12 | 0.15 |
Net Income | 246.96 | 215.59 | 46.89 | -89.89 | -56.24 | -22.87 |
Net Income to Common | 246.96 | 215.59 | 46.89 | -89.89 | -56.24 | -22.87 |
Net Income Growth | 187.85% | 359.80% | - | - | - | - |
Shares Outstanding (Basic) | 133 | 134 | 135 | 131 | 127 | 119 |
Shares Outstanding (Diluted) | 143 | 143 | 137 | 131 | 127 | 119 |
Shares Change (YoY) | 1.51% | 4.29% | 5.17% | 2.64% | 7.13% | 8.09% |
EPS (Basic) | 1.85 | 1.61 | 0.35 | -0.69 | -0.44 | -0.19 |
EPS (Diluted) | 1.74 | 1.52 | 0.06 | -0.69 | -0.44 | -0.19 |
EPS Growth | 179.51% | 2286.77% | - | - | - | - |
Free Cash Flow | 216.26 | 150.04 | 52.02 | 10.25 | 9.81 | 16.05 |
Free Cash Flow Per Share | 1.51 | 1.05 | 0.38 | 0.08 | 0.08 | 0.14 |
Gross Margin | 77.80% | 77.41% | 75.27% | 74.06% | 73.05% | 72.09% |
Operating Margin | 17.66% | 10.94% | -1.63% | -14.98% | -9.04% | -6.00% |
Profit Margin | 31.63% | 28.02% | 6.80% | -14.54% | -11.19% | -6.12% |
Free Cash Flow Margin | 27.69% | 19.50% | 7.55% | 1.66% | 1.95% | 4.29% |
EBITDA | 147.97 | 88.84 | -8.31 | -89.47 | -41.12 | -16.14 |
EBITDA Margin | 18.95% | 11.55% | -1.21% | -14.47% | -8.18% | -4.32% |
D&A For EBITDA | 10.05 | 4.71 | 2.95 | 3.16 | 4.36 | 6.27 |
EBIT | 137.92 | 84.13 | -11.26 | -92.62 | -45.48 | -22.41 |
EBIT Margin | 17.66% | 10.94% | -1.63% | -14.98% | -9.04% | -6.00% |
Effective Tax Rate | - | - | 4.07% | - | - | - |
Advertising Expenses | - | 57.1 | 83.2 | 121.2 | 90.8 | 51.4 |
Source: S&P Global Market Intelligence. Standard template. Financial Sources.