Upwork Inc. (UPWK)
NASDAQ: UPWK · Real-Time Price · USD
9.87
-0.15 (-1.55%)
Nov 9, 2026, 2:39 PM EST - Market open
Upwork Ratios and Metrics
Market cap in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Total Valuation
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Nov '26 Nov 9, 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 |
| 1,241 | 2,590 | 2,185 | 2,024 | 1,371 | 4,380 | |
Market Cap Growth | -42.02% | 18.49% | 7.98% | 47.60% | -68.70% | 3.95% |
Enterprise Value | 954 | 2,318 | 1,954 | 1,838 | 1,278 | 4,269 |
Last Close Price | 10.02 | 19.82 | 16.35 | 14.87 | 10.44 | 34.16 |
Price Ratios
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Nov '26 Nov 9, 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 |
PE Ratio | 12.41 | 22.44 | 10.14 | 43.17 | - | - |
Forward PE | 8.75 | 14.36 | 14.24 | 21.66 | 136.19 | 281.38 |
PS Ratio | 1.60 | 3.29 | 2.84 | 2.94 | 2.22 | 8.71 |
PB Ratio | 1.93 | 4.11 | 3.80 | 5.31 | 5.51 | 16.88 |
P/TBV Ratio | 2.59 | 5.83 | 4.95 | 7.79 | 10.50 | 31.00 |
P/FCF Ratio | 6.43 | 10.68 | 14.57 | 38.91 | 133.79 | 446.58 |
P/OCF Ratio | 6.18 | 10.43 | 14.23 | 38.40 | 119.27 | 404.25 |
PEG Ratio | - | 0.22 | 0.22 | 0.22 | 0.74 | 2.24 |
EV Ratios
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Nov '26 Nov 9, 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 |
EV/Sales Ratio | 1.23 | 2.94 | 2.54 | 2.67 | 2.07 | 8.49 |
EV/EBITDA Ratio | 5.84 | 15.94 | 21.99 | - | - | - |
EV/EBIT Ratio | 6.42 | 17.33 | 23.22 | - | - | - |
EV/FCF Ratio | 4.94 | 9.56 | 13.02 | 35.33 | 124.70 | 435.16 |
Financial Efficiency
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Nov '26 Nov 9, 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 |
Debt / Equity Ratio | 0.03 | 0.59 | 0.64 | 0.96 | 2.34 | 2.25 |
Debt / EBITDA Ratio | 0.11 | 2.53 | 3.98 | - | - | - |
Debt / FCF Ratio | 0.09 | 1.53 | 2.46 | 7.00 | 56.78 | 59.58 |
Net Debt / Equity Ratio | -0.44 | -0.48 | -0.44 | -0.49 | -0.42 | -0.39 |
Net Debt / EBITDA Ratio | -1.77 | -2.07 | -2.85 | 22.36 | 1.17 | 2.44 |
Net Debt / FCF Ratio | -1.49 | -1.24 | -1.69 | -3.57 | -10.21 | -10.24 |
Asset Turnover | 0.69 | 0.63 | 0.68 | 0.65 | 0.57 | 0.62 |
Quick Ratio | 1.52 | 1.15 | 2.60 | 2.23 | 3.03 | 3.22 |
Current Ratio | 2.25 | 1.46 | 3.39 | 3.02 | 3.76 | 3.98 |
Return on Equity (ROE) | 16.27% | 19.15% | 45.08% | 14.89% | -35.36% | -20.13% |
Return on Assets (ROA) | 8.22% | 6.66% | 4.68% | -0.66% | -5.36% | -3.53% |
Return on Invested Capital (ROIC) | 29.01% | 30.95% | 32.51% | -6.36% | -61.07% | -28.09% |
Return on Capital Employed (ROCE) | 21.70% | 20.60% | 8.90% | -1.50% | -11.10% | -5.40% |
Yields
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Nov '26 Nov 9, 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 |
Earnings Yield | 8.06% | 4.46% | 9.87% | 2.32% | -6.55% | -1.28% |
FCF Yield | 15.54% | 9.36% | 6.87% | 2.57% | 0.75% | 0.22% |
Buyback Yield / Dilution | 6.91% | 1.74% | -4.29% | -5.17% | -2.64% | -7.13% |