Upwork Inc. (UPWK)
NASDAQ: UPWK · Real-Time Price · USD
8.66
+0.21 (2.49%)
At close: May 20, 2026, 4:00 PM EDT
8.40
-0.26 (-3.00%)
After-hours: May 20, 2026, 7:45 PM EDT

Upwork Statistics

Total Valuation

Upwork has a market cap or net worth of $1.07 billion. The enterprise value is $869.41 million.

Market Cap1.07B
Enterprise Value 869.41M

Important Dates

The last earnings date was Thursday, May 7, 2026, after market close.

Earnings Date May 7, 2026
Ex-Dividend Date n/a

Share Statistics

Upwork has 123.52 million shares outstanding. The number of shares has decreased by -2.84% in one year.

Current Share Class 123.52M
Shares Outstanding 123.52M
Shares Change (YoY) -2.84%
Shares Change (QoQ) -2.70%
Owned by Insiders (%) 7.17%
Owned by Institutions (%) 110.40%
Float 114.58M

Valuation Ratios

The trailing PE ratio is 10.81 and the forward PE ratio is 5.38.

PE Ratio 10.81
Forward PE 5.38
PS Ratio 1.35
Forward PS 1.70
PB Ratio 1.88
P/TBV Ratio 2.77
P/FCF Ratio 4.67
P/OCF Ratio 4.57
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 6.18, with an EV/FCF ratio of 3.79.

EV / Earnings 7.96
EV / Sales 1.10
EV / EBITDA 6.18
EV / EBIT 6.81
EV / FCF 3.79

Financial Position

The company has a current ratio of 1.36, with a Debt / Equity ratio of 0.67.

Current Ratio 1.36
Quick Ratio 1.01
Debt / Equity 0.67
Debt / EBITDA 2.68
Debt / FCF 1.66
Interest Coverage 40.29

Financial Efficiency

Return on equity (ROE) is 18.76% and return on invested capital (ROIC) is 27.38%.

Return on Equity (ROE) 18.76%
Return on Assets (ROA) 6.43%
Return on Invested Capital (ROIC) 27.38%
Return on Capital Employed (ROCE) 21.48%
Weighted Average Cost of Capital (WACC) 7.63%
Revenue Per Employee $1.25M
Profits Per Employee $173,263
Employee Count630
Asset Turnover 0.64
Inventory Turnover n/a

Taxes

In the past 12 months, Upwork has paid $36.72 million in taxes.

Income Tax 36.72M
Effective Tax Rate 25.17%

Stock Price Statistics

The stock price has decreased by -47.67% in the last 52 weeks. The beta is 1.07, so Upwork's price volatility has been similar to the market average.

Beta (5Y) 1.07
52-Week Price Change -47.67%
50-Day Moving Average 10.60
200-Day Moving Average 15.65
Relative Strength Index (RSI) 36.71
Average Volume (20 Days) 5,911,690

Short Selling Information

The latest short interest is 25.86 million, so 20.94% of the outstanding shares have been sold short.

Short Interest 25.86M
Short Previous Month 23.93M
Short % of Shares Out 20.94%
Short % of Float 22.57%
Short Ratio (days to cover) 8.27

Income Statement

In the last 12 months, Upwork had revenue of $790.56 million and earned $109.16 million in profits. Earnings per share was $0.80.

Revenue790.56M
Gross Profit 612.97M
Operating Income 127.74M
Pretax Income 145.88M
Net Income 109.16M
EBITDA 140.78M
EBIT 127.74M
Earnings Per Share (EPS) $0.80
Full Income Statement

Balance Sheet

The company has $579.73 million in cash and $379.48 million in debt, with a net cash position of $200.26 million or $1.62 per share.

Cash & Cash Equivalents 579.73M
Total Debt 379.48M
Net Cash 200.26M
Net Cash Per Share $1.62
Equity (Book Value) 569.63M
Book Value Per Share 4.61
Working Capital 236.10M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $234.31 million and capital expenditures -$5.04 million, giving a free cash flow of $229.27 million.

Operating Cash Flow 234.31M
Capital Expenditures -5.04M
Depreciation & Amortization 13.05M
Net Borrowing n/a
Free Cash Flow 229.27M
FCF Per Share $1.86
Full Cash Flow Statement

Margins

Gross margin is 77.54%, with operating and profit margins of 16.16% and 13.81%.

Gross Margin 77.54%
Operating Margin 16.16%
Pretax Margin 18.45%
Profit Margin 13.81%
EBITDA Margin 17.81%
EBIT Margin 16.16%
FCF Margin 29.00%

Dividends & Yields

Upwork does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield 2.84%
Shareholder Yield 2.84%
Earnings Yield 10.20%
FCF Yield 21.43%

Analyst Forecast

The average price target for Upwork is $12.94, which is 49.42% higher than the current price. The consensus rating is "Hold".

Price Target $12.94
Price Target Difference 49.42%
Analyst Consensus Hold
Analyst Count 11
Revenue Growth Forecast (5Y) 11.16%
EPS Growth Forecast (5Y) 30.57%
Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value n/a
Lynch Upside n/a
Graham Number
Graham Upside

Stock Splits

This stock does not have any record of stock splits.

Last Split Date n/a
Split Type n/a
Split Ratio n/a

Scores

Upwork has an Altman Z-Score of 3.14 and a Piotroski F-Score of 4.

Altman Z-Score 3.14
Piotroski F-Score 4