Upwork Inc. (UPWK)
NASDAQ: UPWK · Real-Time Price · USD
8.15
+0.08 (0.99%)
At close: Sep 25, 2026, 4:00 PM EDT
8.19
+0.04 (0.49%)
After-hours: Sep 25, 2026, 7:30 PM EDT
Upwork Ratios and Metrics
Market cap in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Total Valuation
Fiscal Quarter | Current | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 25, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
| 1,017 | 1,033 | 1,429 | 2,590 | 2,463 | 1,769 | 1,768 | 2,185 | 1,379 | 1,429 | 1,684 | 2,024 | 1,532 | 1,247 | 1,500 | 1,371 | 1,778 | 2,681 | 3,003 | 4,380 | 5,747 | |
Market Cap Growth (YoY) | -61.50% | -41.61% | -19.16% | 18.49% | 78.51% | 23.75% | 4.95% | 7.98% | -9.97% | 14.64% | 12.32% | 47.60% | -13.81% | -53.51% | -50.06% | -68.70% | -69.06% | -63.54% | -46.32% | 3.95% | 173.96% |
Enterprise Value | 782 | 832 | 1,127 | 2,318 | 2,199 | 1,517 | 1,515 | 1,954 | 1,247 | 1,305 | 1,502 | 1,838 | 1,386 | 1,108 | 1,395 | 1,278 | 1,693 | 2,592 | 2,903 | 4,269 | 5,604 |
Last Close Price | 8.15 | 8.36 | 10.96 | 19.82 | 18.57 | 13.44 | 13.05 | 16.35 | 10.45 | 10.75 | 12.26 | 14.87 | 11.36 | 9.34 | 11.32 | 10.44 | 13.62 | 20.68 | 23.24 | 34.16 | 45.03 |
Price Ratios
Fiscal Quarter | Current | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 25, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
PE Ratio | 10.68 | 10.14 | 13.09 | 22.44 | 9.97 | 7.21 | 7.53 | 10.14 | 16.08 | 19.22 | 34.97 | 43.17 | 117.75 | - | -31.25 | - | - | - | - | - | - |
Forward PE | 6.36 | 5.13 | 7.62 | 14.36 | 14.23 | 11.26 | 11.87 | 14.24 | 11.07 | 11.19 | 15.38 | 21.66 | 19.41 | 23.14 | 122.78 | 136.19 | 136.19 | 136.19 | 136.19 | 281.38 | 281.38 |
PS Ratio | 1.29 | 1.31 | 1.81 | 3.29 | 3.15 | 2.29 | 2.29 | 2.84 | 1.81 | 1.92 | 2.34 | 2.94 | 2.30 | 1.92 | 2.35 | 2.22 | 2.99 | 4.76 | 5.66 | 8.71 | 12.17 |
PB Ratio | 1.80 | 1.69 | 2.51 | 4.11 | 3.92 | 2.91 | 2.97 | 3.80 | 3.36 | 3.96 | 4.83 | 5.31 | 4.47 | 4.06 | 5.19 | 5.51 | 7.33 | 10.89 | 12.04 | 16.88 | 21.70 |
P/TBV Ratio | 2.36 | 2.40 | 3.70 | 5.83 | 5.62 | 3.86 | 3.83 | 4.95 | 4.74 | 5.94 | 7.39 | 7.79 | 6.82 | 6.61 | 8.78 | 10.50 | 14.30 | 20.93 | 22.90 | 31.00 | 39.20 |
P/FCF Ratio | 4.98 | 5.05 | 6.23 | 10.68 | 11.39 | 8.78 | 10.41 | 14.57 | 10.37 | 13.02 | 22.31 | 38.91 | 38.21 | 93.67 | - | 258.18 | -113.24 | - | - | - | 182.07 |
P/OCF Ratio | 4.87 | 4.95 | 6.10 | 10.43 | 11.04 | 8.46 | 10.06 | 14.23 | 10.21 | 12.86 | 22.10 | 38.40 | 37.36 | 88.48 | - | 209.06 | -123.94 | - | - | - | 178.26 |
PEG Ratio | - | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 1.19 | 0.74 | 0.74 | 0.74 | 0.74 | 2.24 | - |
EV Ratios
Fiscal Quarter | Current | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 25, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
EV/Sales Ratio | 0.99 | 1.06 | 1.43 | 2.94 | 2.82 | 1.96 | 1.96 | 2.54 | 1.64 | 1.76 | 2.09 | 2.67 | 2.08 | 1.71 | 2.19 | 2.07 | 2.85 | 4.60 | 5.47 | 8.49 | 11.87 |
EV/EBITDA Ratio | 5.25 | 5.58 | 8.01 | 15.94 | 14.86 | 11.32 | 13.09 | 21.99 | 19.52 | 24.10 | 50.08 | -221.11 | -37.27 | - | - | - | - | - | - | - | - |
EV/EBIT Ratio | 5.82 | 6.19 | 8.83 | 17.33 | 15.94 | 11.94 | 13.80 | 23.22 | 20.77 | 25.73 | 56.00 | -163.20 | -34.49 | - | - | - | - | - | - | - | - |
EV/FCF Ratio | 3.83 | 4.07 | 4.92 | 9.56 | 10.17 | 7.53 | 8.92 | 13.02 | 9.38 | 11.89 | 19.89 | 35.33 | 34.55 | 83.25 | - | 240.63 | -107.87 | - | - | - | 177.57 |
Financial Efficiency
Fiscal Quarter | Current | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 25, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Debt / Equity Ratio | 0.62 | 0.62 | 0.67 | 0.59 | 0.59 | 0.61 | 0.62 | 0.64 | 0.90 | 1.01 | 1.05 | 0.96 | 1.08 | 1.21 | 1.28 | 2.34 | 2.40 | 2.37 | 2.34 | 2.25 | 2.21 |
Debt / EBITDA Ratio | 2.54 | 2.07 | 2.59 | 2.91 | 2.52 | 2.43 | 2.21 | 2.63 | 4.01 | 4.58 | 6.01 | 8.85 | 6.89 | - | - | - | - | - | - | - | - |
Debt / FCF Ratio | 1.86 | 1.86 | 1.66 | 1.53 | 1.72 | 1.84 | 2.18 | 2.46 | 2.78 | 3.33 | 4.86 | 7.00 | 9.20 | 27.80 | - | 109.57 | -37.11 | - | - | - | 18.53 |
Net Debt / Equity Ratio | -0.38 | -0.38 | -0.35 | -0.48 | -0.43 | -0.43 | -0.42 | -0.44 | -0.56 | -0.37 | -0.35 | -0.49 | -0.54 | -0.48 | -0.48 | -0.42 | -0.38 | -0.34 | -0.36 | -0.39 | -0.42 |
Net Debt / EBITDA Ratio | -1.57 | -1.57 | -1.42 | -2.07 | -1.84 | -1.97 | -2.17 | -2.85 | -3.63 | -2.44 | -4.13 | 22.36 | 5.01 | 1.98 | 1.53 | 1.17 | 1.04 | 1.17 | 1.54 | 2.44 | 5.88 |
Net Debt / FCF Ratio | -1.15 | -1.15 | -0.87 | -1.24 | -1.26 | -1.31 | -1.48 | -1.69 | -1.74 | -1.20 | -1.64 | -3.57 | -4.65 | -11.02 | -17.07 | -19.71 | 5.94 | 17.58 | 24.32 | -10.24 | -3.55 |
Asset Turnover | 0.61 | 0.62 | 0.61 | 0.63 | 0.62 | 0.63 | 0.67 | 0.75 | 0.77 | 0.75 | 0.74 | 0.74 | 0.73 | 0.64 | 0.60 | 0.58 | 0.57 | 0.52 | 0.50 | 0.62 | |
Quick Ratio | 1.08 | 1.08 | 1.01 | 1.15 | 1.09 | 2.52 | 2.55 | 2.60 | 2.36 | 2.15 | 2.09 | 2.23 | 2.43 | 2.29 | 2.22 | 3.03 | 2.95 | 2.80 | 2.79 | 3.22 | 3.12 |
Current Ratio | 1.42 | 1.42 | 1.37 | 1.46 | 1.44 | 3.36 | 3.42 | 3.39 | 3.18 | 3.00 | 2.93 | 3.02 | 3.20 | 3.06 | 2.99 | 3.76 | 3.69 | 3.59 | 3.61 | 3.98 | 3.89 |
Return on Equity (ROE) | 17.21% | 20.97% | 9.94% | 18.98% | 21.76% | 25.80% | 119.34% | 28.75% | 25.04% | 20.21% | 19.20% | 20.11% | -5.36% | 25.54% | -26.86% | -40.63% | -38.45% | -38.89% | -34.41% | -12.99% | |
Return on Assets (ROA) | 8.30% | 6.44% | 5.42% | 6.15% | 7.01% | 7.89% | 7.15% | 5.02% | 4.42% | 3.20% | 2.11% | 3.03% | -1.65% | -6.26% | -4.74% | -5.85% | -5.25% | -5.42% | -4.70% | -2.50% | |
Return on Invested Capital (ROIC) | 8.87% | 7.82% | 3.79% | 7.43% | 8.68% | 9.75% | 12.96% | 9.78% | 7.44% | 5.79% | 4.79% | 6.86% | -3.94% | -16.25% | -13.95% | -16.35% | -14.31% | -14.81% | -13.12% | -5.21% | |
Return on Capital Employed (ROCE) | 21.10% | 21.10% | 21.50% | 20.60% | 21.20% | 12.90% | 11.40% | 8.90% | 7.70% | 7.00% | 3.80% | -1.50% | -5.70% | -11.40% | -14.20% | -11.10% | -11.20% | -9.10% | -7.30% | -5.40% | -2.90% |
Yields
Fiscal Quarter | Current | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 25, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Earnings Yield | 10.01% | 9.86% | 7.64% | 4.46% | 10.03% | 13.87% | 13.29% | 9.87% | 6.22% | 5.20% | 2.86% | 2.32% | 0.85% | -2.26% | -3.20% | -6.55% | -5.40% | -3.00% | -2.44% | -1.28% | -0.57% |
FCF Yield | 20.10% | 19.79% | 16.05% | 9.36% | 8.78% | 11.39% | 9.61% | 6.87% | 9.64% | 7.68% | 4.48% | 2.57% | 2.62% | 1.07% | 0.54% | 0.39% | -0.88% | -0.18% | -0.12% | 0.22% | 0.55% |
Buyback Yield / Dilution | 5.27% | 7.30% | 4.99% | 2.57% | -0.27% | -1.40% | 0.61% | 0.49% | -1.46% | -3.07% | -5.66% | -9.09% | -4.94% | -3.14% | -5.11% | -2.43% | -2.28% | -2.62% | -3.26% | -4.29% | -5.99% |