Upwork Inc. (UPWK)
NASDAQ: UPWK · Real-Time Price · USD
16.88
+0.43 (2.61%)
At close: May 9, 2025, 4:00 PM
16.87
-0.01 (-0.05%)
After-hours: May 9, 2025, 7:59 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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2016 - 2019 |
|---|---|---|---|---|---|---|---|
Period Ending | Mar '25 Mar 31, 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 |
| Revenue | 771.09 | 769.33 | 689.14 | 618.32 | 502.8 | 373.63 | Upgrade
|
| Revenue Growth (YoY) | 7.21% | 11.64% | 11.45% | 22.98% | 34.57% | 24.31% | Upgrade
|
| Cost of Revenue | 171.37 | 173.76 | 170.45 | 160.4 | 135.51 | 104.27 | Upgrade
|
| Gross Profit | 599.72 | 595.57 | 518.69 | 457.92 | 367.29 | 269.36 | Upgrade
|
| Selling, General & Admin | 287.53 | 303.58 | 339.61 | 370.83 | 287.63 | 204.74 | Upgrade
|
| Research & Development | 194.37 | 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 | 489.95 | 511.44 | 529.95 | 550.54 | 412.77 | 291.77 | Upgrade
|
| Operating Income | 109.77 | 84.13 | -11.26 | -92.62 | -45.48 | -22.41 | Upgrade
|
| Interest Expense | -2.76 | -2.76 | -3.22 | -4.48 | - | -0.78 | Upgrade
|
| Interest & Investment Income | 27.36 | 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) | 0.38 | 0.18 | -0.51 | 0.04 | -1.7 | - | Upgrade
|
| EBT Excluding Unusual Items | 134.85 | 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 | 115.66 | 90.43 | 48.88 | -89.35 | -56.12 | -22.72 | Upgrade
|
| Income Tax Expense | -119.21 | -125.16 | 1.99 | 0.54 | 0.12 | 0.15 | Upgrade
|
| Net Income | 234.87 | 215.59 | 46.89 | -89.89 | -56.24 | -22.87 | Upgrade
|
| Net Income to Common | 234.87 | 215.59 | 46.89 | -89.89 | -56.24 | -22.87 | Upgrade
|
| Net Income Growth | 387.68% | 359.80% | - | - | - | - | Upgrade
|
| Shares Outstanding (Basic) | 133 | 134 | 135 | 131 | 127 | 119 | Upgrade
|
| Shares Outstanding (Diluted) | 143 | 143 | 137 | 131 | 127 | 119 | Upgrade
|
| Shares Change (YoY) | 2.69% | 4.29% | 5.17% | 2.64% | 7.13% | 8.09% | Upgrade
|
| EPS (Basic) | 1.76 | 1.61 | 0.35 | -0.69 | -0.44 | -0.19 | Upgrade
|
| EPS (Diluted) | 1.66 | 1.52 | 0.06 | -0.69 | -0.44 | -0.19 | Upgrade
|
| EPS Growth | 373.01% | 2286.77% | - | - | - | - | Upgrade
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| Free Cash Flow | 169.89 | 150.04 | 52.02 | 10.25 | 9.81 | 16.05 | Upgrade
|
| Free Cash Flow Per Share | 1.19 | 1.05 | 0.38 | 0.08 | 0.08 | 0.14 | Upgrade
|
| Gross Margin | 77.78% | 77.41% | 75.27% | 74.06% | 73.05% | 72.09% | Upgrade
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| Operating Margin | 14.24% | 10.94% | -1.63% | -14.98% | -9.04% | -6.00% | Upgrade
|
| Profit Margin | 30.46% | 28.02% | 6.80% | -14.54% | -11.19% | -6.12% | Upgrade
|
| Free Cash Flow Margin | 22.03% | 19.50% | 7.55% | 1.66% | 1.95% | 4.29% | Upgrade
|
| EBITDA | 115.7 | 88.84 | -8.31 | -89.47 | -41.12 | -16.14 | Upgrade
|
| EBITDA Margin | 15.00% | 11.55% | -1.21% | -14.47% | -8.18% | -4.32% | Upgrade
|
| D&A For EBITDA | 5.92 | 4.71 | 2.95 | 3.16 | 4.36 | 6.27 | Upgrade
|
| EBIT | 109.77 | 84.13 | -11.26 | -92.62 | -45.48 | -22.41 | Upgrade
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| EBIT Margin | 14.24% | 10.94% | -1.63% | -14.98% | -9.04% | -6.00% | Upgrade
|
| Effective Tax Rate | - | - | 4.07% | - | - | - | Upgrade
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| Advertising Expenses | - | 57.1 | 83.2 | 121.2 | 90.8 | 51.4 | Upgrade
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Updated May 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.