Upwork Inc. (UPWK)
NASDAQ: UPWK · Real-Time Price · USD
16.80
-0.06 (-0.39%)
Sep 15, 2025, 3:16 PM EDT - Market open
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 | 2016 - 2019 |
|---|---|---|---|---|---|---|---|
Period Ending | Jun '25 Jun 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 | 2016 - 2019 |
| 772.9 | 769.33 | 689.14 | 618.32 | 502.8 | 373.63 | Upgrade | |
Revenue Growth (YoY) | 3.92% | 11.64% | 11.45% | 22.98% | 34.57% | 24.31% | Upgrade |
Cost of Revenue | 170.95 | 173.76 | 170.45 | 160.4 | 135.51 | 104.27 | Upgrade |
Gross Profit | 601.95 | 595.57 | 518.69 | 457.92 | 367.29 | 269.36 | Upgrade |
Selling, General & Admin | 282.6 | 303.58 | 339.61 | 370.83 | 287.63 | 204.74 | Upgrade |
Research & Development | 186.74 | 201.13 | 177.36 | 154.55 | 119.08 | 83.47 | Upgrade |
Other Operating Expenses | 8.06 | 6.73 | 12.98 | 25.15 | 6.05 | 3.56 | Upgrade |
Operating Expenses | 477.4 | 511.44 | 529.95 | 550.54 | 412.77 | 291.77 | Upgrade |
Operating Income | 124.56 | 84.13 | -11.26 | -92.62 | -45.48 | -22.41 | Upgrade |
Interest Expense | -2.75 | -2.76 | -3.22 | -4.48 | - | -0.78 | Upgrade |
Interest & Investment Income | 27.93 | 27.96 | 24.42 | 7.92 | 0.3 | 1.07 | Upgrade |
Currency Exchange Gain (Loss) | 0.1 | 0.1 | 0.5 | -0.2 | -0.5 | -0.6 | Upgrade |
Other Non Operating Income (Expenses) | 0.06 | 0.18 | -0.51 | 0.04 | -1.7 | - | Upgrade |
EBT Excluding Unusual Items | 149.89 | 109.61 | 9.93 | -89.35 | -47.38 | -22.72 | Upgrade |
Merger & Restructuring Charges | -19.19 | -19.19 | - | - | - | - | Upgrade |
Asset Writedown | - | - | - | - | -8.74 | - | Upgrade |
Other Unusual Items | - | - | 38.95 | - | - | - | Upgrade |
Pretax Income | 130.71 | 90.43 | 48.88 | -89.35 | -56.12 | -22.72 | Upgrade |
Income Tax Expense | -114.68 | -125.16 | 1.99 | 0.54 | 0.12 | 0.15 | Upgrade |
Net Income | 245.38 | 215.59 | 46.89 | -89.89 | -56.24 | -22.87 | Upgrade |
Net Income to Common | 245.38 | 215.59 | 46.89 | -89.89 | -56.24 | -22.87 | Upgrade |
Net Income Growth | 229.93% | 359.80% | - | - | - | - | Upgrade |
Shares Outstanding (Basic) | 134 | 134 | 135 | 131 | 127 | 119 | Upgrade |
Shares Outstanding (Diluted) | 144 | 143 | 137 | 131 | 127 | 119 | Upgrade |
Shares Change (YoY) | 2.53% | 4.29% | 5.17% | 2.64% | 7.13% | 8.09% | Upgrade |
EPS (Basic) | 1.84 | 1.61 | 0.35 | -0.69 | -0.44 | -0.19 | Upgrade |
EPS (Diluted) | 1.72 | 1.52 | 0.06 | -0.69 | -0.44 | -0.19 | Upgrade |
EPS Growth | 220.06% | 2286.77% | - | - | - | - | Upgrade |
Free Cash Flow | 201.42 | 150.04 | 52.02 | 10.25 | 9.81 | 16.05 | Upgrade |
Free Cash Flow Per Share | 1.40 | 1.05 | 0.38 | 0.08 | 0.08 | 0.14 | Upgrade |
Gross Margin | 77.88% | 77.41% | 75.27% | 74.06% | 73.05% | 72.09% | Upgrade |
Operating Margin | 16.11% | 10.94% | -1.63% | -14.98% | -9.04% | -6.00% | Upgrade |
Profit Margin | 31.75% | 28.02% | 6.80% | -14.54% | -11.19% | -6.12% | Upgrade |
Free Cash Flow Margin | 26.06% | 19.50% | 7.55% | 1.66% | 1.95% | 4.29% | Upgrade |
EBITDA | 131.53 | 88.84 | -8.31 | -89.47 | -41.12 | -16.14 | Upgrade |
EBITDA Margin | 17.02% | 11.55% | -1.21% | -14.47% | -8.18% | -4.32% | Upgrade |
D&A For EBITDA | 6.97 | 4.71 | 2.95 | 3.16 | 4.36 | 6.27 | Upgrade |
EBIT | 124.56 | 84.13 | -11.26 | -92.62 | -45.48 | -22.41 | Upgrade |
EBIT Margin | 16.11% | 10.94% | -1.63% | -14.98% | -9.04% | -6.00% | Upgrade |
Effective Tax Rate | - | - | 4.07% | - | - | - | Upgrade |
Advertising Expenses | - | 57.1 | 83.2 | 121.2 | 90.8 | 51.4 | Upgrade |
Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.