Upwork Inc. (UPWK)
NASDAQ: UPWK · Real-Time Price · USD
8.82
+0.23 (2.68%)
At close: May 29, 2026, 4:00 PM EDT
8.84
+0.02 (0.19%)
After-hours: May 29, 2026, 7:56 PM EDT
Upwork Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 790.56 | 787.78 | 769.33 | 689.14 | 618.32 | 502.8 | |
Revenue Growth (YoY) | 2.53% | 2.40% | 11.64% | 11.45% | 22.98% | 34.57% |
Cost of Revenue | 177.59 | 174.75 | 174.09 | 170.45 | 160.4 | 135.51 |
Gross Profit | 612.97 | 613.03 | 595.23 | 518.69 | 457.92 | 367.29 |
Selling, General & Admin | 298.84 | 290.04 | 314.01 | 339.61 | 370.83 | 296.38 |
Research & Development | 182.7 | 185.54 | 209.28 | 177.36 | 154.55 | 119.08 |
Other Operating Expenses | 8.1 | 8.14 | 6.73 | 12.98 | 25.15 | 6.05 |
Total Operating Expenses | 489.64 | 483.73 | 530.03 | 529.95 | 550.54 | 421.51 |
Operating Income | 123.34 | 129.31 | 65.21 | -11.26 | -92.62 | -54.22 |
Other Non-Operating Income (Expense) | 22.54 | 23.87 | 25.22 | 60.14 | 3.28 | -1.9 |
Total Non-Operating Income (Expense) | 22.54 | 23.87 | 25.22 | 60.14 | 3.28 | -1.9 |
Pretax Income | 145.88 | 153.18 | 90.43 | 48.88 | -89.35 | -56.12 |
Provision for Income Taxes | 36.72 | 37.75 | -125.16 | 1.99 | 0.54 | 0.12 |
Net Income | 109.16 | 115.43 | 215.59 | 46.89 | -89.89 | -56.24 |
Net Income to Common | 109.16 | 115.43 | 215.59 | 46.89 | -89.89 | -56.24 |
Net Income Growth | -53.53% | -46.46% | 359.80% | - | - | - |
Shares Outstanding (Basic) | 131 | 132 | 134 | 135 | 131 | 127 |
Shares Outstanding (Diluted) | 139 | 141 | 143 | 137 | 131 | 127 |
Shares Change (YoY) | -1.51% | -1.74% | 4.29% | 5.17% | 2.64% | 7.13% |
EPS (Basic) | 0.84 | 0.87 | 1.61 | 0.35 | -0.69 | -0.44 |
EPS (Diluted) | 0.81 | 0.84 | 1.52 | 0.06 | -0.69 | -0.44 |
EPS Growth | -51.50% | -44.74% | 2433.33% | - | - | - |
Shares Outstanding | 123.58 | 130.55 | 135.35 | 137.27 | 132.37 | 129.13 |
Free Cash Flow | 229.27 | 242.47 | 150.04 | 52.02 | 10.25 | 9.81 |
Free Cash Flow Growth | -5.44% | 61.61% | 188.44% | 407.52% | 4.49% | -38.87% |
Free Cash Flow Per Share | 1.65 | 1.72 | 1.05 | 0.38 | 0.08 | 0.08 |
Gross Margin | 77.54% | 77.82% | 77.37% | 75.27% | 74.06% | 73.05% |
Operating Margin | 15.60% | 16.41% | 8.48% | -1.63% | -14.98% | -10.78% |
Profit Margin | 13.81% | 14.65% | 28.02% | 6.80% | -14.54% | -11.19% |
FCF Margin | 29.00% | 30.78% | 19.50% | 7.55% | 1.66% | 1.95% |
EBITDA | 153.28 | 155.02 | 80.02 | -1.81 | -84.57 | -43.96 |
EBITDA Margin | 19.39% | 19.68% | 10.40% | -0.26% | -13.68% | -8.74% |
EBIT | 123.34 | 129.31 | 65.21 | -11.26 | -92.62 | -54.22 |
EBIT Margin | 15.60% | 16.41% | 8.48% | -1.63% | -14.98% | -10.78% |
Effective Tax Rate | 25.17% | 24.65% | -138.41% | 4.07% | -0.60% | -0.22% |