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Upwork Inc. (UPWK)
NASDAQ: UPWK · Real-Time Price · USD
9.79
+0.05 (0.51%)
Nov 11, 2026, 11:30 AM EST - Market open

Upwork Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Revenue
185.6191.66195.48198.41201.73194.94192.71191.48193.78193.13190.94183.93175.73168.61160.86161.44158.64156.9141.34136.86
Revenue Growth
-8.00%-1.68%1.44%3.62%4.11%0.94%0.93%4.10%10.27%14.54%18.70%13.93%10.77%7.46%13.81%17.96%23.80%26.35%24.40%28.92%
Gross Profit
141.3146.64150.84154.74155.89151.51150.9149.18150.37149.28146.74138.07132.46127.73120.43120.28118.17116.04103.4299.81
Operating Income
44.5941.832.7228.2931.6635.0738.6932.5120.7917.7813.058.4311.47-6.12-25.04-20.48-25.44-23.05-23.65-20.47
Net Income
31.8125.431.4615.6329.3432.7337.73147.1727.7622.2218.4417.3716.34-3.9917.17-16.5-24.83-23.82-24.74-22.56
Earnings Per Share
0.250.200.240.110.210.240.271.030.200.170.130.120.12-0.03-0.15-0.13-0.19-0.18-0.19-0.18
EPS Growth
17.09%-15.87%-11.98%-88.88%5.00%43.65%101.98%752.87%69.97%-----------

Revenue by Segment
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Marketplace
159.32166.86170.71171.36174.57170.66166.29163.66167.34166.79164.33157.49149.63142.31136.68134.94132.65132.03118.67114.91
Enterprise
26.2824.824.7827.0527.1624.2826.4127.8326.4426.3426.6126.4426.1126.324.1826.525.9924.8722.6721.95
Revenue (Total)
185.6191.66195.48198.41201.73194.94192.71191.48193.78193.13190.94183.93175.73168.61160.86161.44158.64156.9141.34136.86

Cash & Debt
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Cash & Investments
304.33614.24579.73672.78643.1634.58622.07622.1601.18497.74490.61550.1555.24516.67509.63686.61675.81667.63672.96684.77
Total Debt
18.02379.41379.48371.15371.1370.85370.41369.12369.46365.66366.77364.27368.93369.98370.97581.94582.59583.23583.82584.37
Net Cash (Debt)
286.31234.84200.26301.63272263.73251.66252.98231.72132.09123.83185.83186.31146.69138.66104.6793.2184.3989.14100.4
Net Cash Growth
5.26%-10.96%-20.42%19.23%17.38%99.66%103.22%36.13%24.37%-9.95%-10.70%77.53%99.88%73.81%55.56%4.25%-16.73%-40.61%-35.01%-25.46%
Net Cash Per Share
2.231.811.482.161.951.881.761.771.660.960.861.291.361.091.020.790.710.650.690.78

Cash Flow & CapEx
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Operating Cash Flow
65.9546.8723.0263.775.0872.5136.9738.5860.9639.214.8120.1536.954.31-8.78.4610.03-0.45-11.48-12.45
Capital Expenditures
-4.15-1.62-1.72-0.46-0.48-2.38-2.47-1.55-1.2-0.6-0.18-0.13-0.420.02-0.16-0.36-0.29-0.41-0.19-0.46
Free Cash Flow
61.845.2621.363.2574.670.1334.4937.0359.7638.6114.6420.0136.534.33-8.868.19.74-0.86-11.67-12.91
Free Cash Flow Growth
-17.16%-35.47%-38.26%70.78%24.83%81.67%135.66%85.04%63.60%791.16%-147.09%275.23%----52.82%---

Margins
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Gross Margin
76.13%76.51%77.16%77.99%77.28%77.72%78.31%77.91%77.60%77.29%76.85%75.06%75.38%75.75%74.87%74.50%74.49%73.96%73.17%72.93%
Operating Margin
24.03%21.81%16.74%14.26%15.69%17.99%20.08%16.98%10.73%9.21%6.83%4.58%6.53%-3.63%-15.57%-12.69%-16.04%-14.69%-16.73%-14.95%
Pretax Margin
20.77%16.75%19.29%17.16%17.68%19.72%23.36%9.59%14.91%12.12%10.35%8.60%9.81%-1.27%11.17%-9.95%-15.62%-15.16%-17.48%-16.44%
Profit Margin
17.14%13.26%16.09%7.88%14.54%16.79%19.58%76.86%14.32%11.51%9.66%9.45%9.30%-2.37%10.67%-10.22%-15.65%-15.18%-17.50%-16.48%
FCF Margin
33.30%23.61%10.89%31.88%36.98%35.98%17.90%19.34%30.84%19.99%7.67%10.88%20.79%2.57%-5.51%5.02%6.14%-0.55%-8.26%-9.43%

Valuation
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
PE Ratio
9.7610.1413.0922.449.977.217.5310.1416.0819.2234.9743.17117.75-------
Forward PE
6.375.137.6214.3614.2311.2611.8714.2411.0711.1915.3821.6619.4123.14122.78136.19136.19136.19136.19281.38
P/FCF Ratio
5.325.056.2310.6811.398.7810.4114.5710.3713.0222.3138.9138.2193.67-258.18----
PS Ratio
1.321.311.813.293.152.292.292.841.811.922.342.942.301.922.352.222.994.765.668.71