Upwork Statistics
Total Valuation
Upwork has a market cap or net worth of $2.15 billion. The enterprise value is $1.88 billion.
Important Dates
The last earnings date was Monday, November 3, 2025, after market close.
| Earnings Date | Nov 3, 2025 |
| Ex-Dividend Date | n/a |
Share Statistics
Upwork has 130.65 million shares outstanding. The number of shares has increased by 1.51% in one year.
| Current Share Class | 130.65M |
| Shares Outstanding | 130.65M |
| Shares Change (YoY) | +1.51% |
| Shares Change (QoQ) | -0.38% |
| Owned by Insiders (%) | 6.94% |
| Owned by Institutions (%) | 93.85% |
| Float | 121.59M |
Valuation Ratios
The trailing PE ratio is 9.49 and the forward PE ratio is 12.27.
| PE Ratio | 9.49 |
| Forward PE | 12.27 |
| PS Ratio | 2.82 |
| Forward PS | 2.62 |
| PB Ratio | 3.45 |
| P/TBV Ratio | 4.92 |
| P/FCF Ratio | 9.96 |
| P/OCF Ratio | 9.65 |
| PEG Ratio | n/a |
Financial Ratio HistoryEnterprise Valuation
The stock's EV/EBITDA ratio is 12.71, with an EV/FCF ratio of 8.70.
| EV / Earnings | 7.62 |
| EV / Sales | 2.41 |
| EV / EBITDA | 12.71 |
| EV / EBIT | 13.64 |
| EV / FCF | 8.70 |
Financial Position
The company has a current ratio of 1.44, with a Debt / Equity ratio of 0.59.
| Current Ratio | 1.44 |
| Quick Ratio | 1.09 |
| Debt / Equity | 0.59 |
| Debt / EBITDA | 2.45 |
| Debt / FCF | 1.72 |
| Interest Coverage | 49.95 |
Financial Efficiency
Return on equity (ROE) is 47.52% and return on invested capital (ROIC) is 9.69%.
| Return on Equity (ROE) | 47.52% |
| Return on Assets (ROA) | 7.26% |
| Return on Invested Capital (ROIC) | 9.69% |
| Return on Capital Employed (ROCE) | 21.19% |
| Revenue Per Employee | $1.30M |
| Profits Per Employee | $411,595 |
| Employee Count | 600 |
| Asset Turnover | 0.66 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | -109.46M |
| Effective Tax Rate | n/a |
Stock Price Statistics
The stock price has increased by +4.84% in the last 52 weeks. The beta is 1.04, so Upwork's price volatility has been similar to the market average.
| Beta (5Y) | 1.04 |
| 52-Week Price Change | +4.84% |
| 50-Day Moving Average | 17.30 |
| 200-Day Moving Average | 15.02 |
| Relative Strength Index (RSI) | 47.16 |
| Average Volume (20 Days) | 3,214,269 |
Short Selling Information
The latest short interest is 11.57 million, so 8.85% of the outstanding shares have been sold short.
| Short Interest | 11.57M |
| Short Previous Month | 11.54M |
| Short % of Shares Out | 8.85% |
| Short % of Float | 9.51% |
| Short Ratio (days to cover) | 3.74 |
Income Statement
In the last 12 months, Upwork had revenue of $780.86 million and earned $246.96 million in profits. Earnings per share was $1.74.
| Revenue | 780.86M |
| Gross Profit | 607.47M |
| Operating Income | 137.92M |
| Pretax Income | 137.50M |
| Net Income | 246.96M |
| EBITDA | 147.97M |
| EBIT | 137.92M |
| Earnings Per Share (EPS) | $1.74 |
Full Income StatementBalance Sheet
The company has $643.10 million in cash and $371.10 million in debt, giving a net cash position of $272.00 million or $2.08 per share.
| Cash & Cash Equivalents | 643.10M |
| Total Debt | 371.10M |
| Net Cash | 272.00M |
| Net Cash Per Share | $2.08 |
| Equity (Book Value) | 628.13M |
| Book Value Per Share | 4.78 |
| Working Capital | 288.48M |
Full Balance SheetCash Flow
In the last 12 months, operating cash flow was $223.14 million and capital expenditures -$6.88 million, giving a free cash flow of $216.26 million.
| Operating Cash Flow | 223.14M |
| Capital Expenditures | -6.88M |
| Free Cash Flow | 216.26M |
| FCF Per Share | $1.66 |
Full Cash Flow StatementMargins
Gross margin is 77.80%, with operating and profit margins of 17.66% and 31.63%.
| Gross Margin | 77.80% |
| Operating Margin | 17.66% |
| Pretax Margin | 17.61% |
| Profit Margin | 31.63% |
| EBITDA Margin | 18.95% |
| EBIT Margin | 17.66% |
| FCF Margin | 27.69% |
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 | -1.51% |
| Shareholder Yield | -1.51% |
| Earnings Yield | 11.47% |
| FCF Yield | 10.04% |
Dividend DetailsAnalyst Forecast
The average price target for Upwork is $20.86, which is 26.58% higher than the current price. The consensus rating is "Buy".
| Price Target | $20.86 |
| Price Target Difference | 26.58% |
| Analyst Consensus | Buy |
| Analyst Count | 15 |
| Revenue Growth Forecast (5Y) | 5.41% |
| EPS Growth Forecast (5Y) | 2.89% |
Stock ForecastsFair 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 2.95 and a Piotroski F-Score of 4. A Z-score under 3 suggests an increased risk of bankruptcy.
| Altman Z-Score | 2.95 |
| Piotroski F-Score | 4 |
