Upwork Inc. (UPWK)
NASDAQ: UPWK · Real-Time Price · USD
12.51
-0.66 (-5.01%)
At close: Feb 23, 2026, 4:00 PM EST
12.60
+0.09 (0.72%)
After-hours: Feb 23, 2026, 7:34 PM EST

Upwork Statistics

Total Valuation

Upwork has a market cap or net worth of $1.63 billion. The enterprise value is $1.33 billion.

Market Cap1.63B
Enterprise Value 1.33B

Important Dates

The last earnings date was Monday, February 9, 2026, after market close.

Earnings Date Feb 9, 2026
Ex-Dividend Date n/a

Share Statistics

Upwork has 130.38 million shares outstanding. The number of shares has decreased by -1.74% in one year.

Current Share Class 130.38M
Shares Outstanding 130.38M
Shares Change (YoY) -1.74%
Shares Change (QoQ) -0.18%
Owned by Insiders (%) 6.77%
Owned by Institutions (%) 105.24%
Float 121.50M

Valuation Ratios

The trailing PE ratio is 14.98 and the forward PE ratio is 8.68.

PE Ratio 14.98
Forward PE 8.68
PS Ratio 2.07
Forward PS 1.92
PB Ratio 2.59
P/TBV Ratio 3.67
P/FCF Ratio 6.73
P/OCF Ratio 6.57
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 9.14, with an EV/FCF ratio of 5.48.

EV / Earnings 11.52
EV / Sales 1.69
EV / EBITDA 9.14
EV / EBIT 9.94
EV / FCF 5.48

Financial Position

The company has a current ratio of 1.46, with a Debt / Equity ratio of 0.59.

Current Ratio 1.46
Quick Ratio 1.15
Debt / Equity 0.59
Debt / EBITDA 2.53
Debt / FCF 1.53
Interest Coverage 42.42

Financial Efficiency

Return on equity (ROE) is 19.15% and return on invested capital (ROIC) is 29.43%.

Return on Equity (ROE) 19.15%
Return on Assets (ROA) 6.66%
Return on Invested Capital (ROIC) 29.43%
Return on Capital Employed (ROCE) 20.59%
Weighted Average Cost of Capital (WACC) 8.15%
Revenue Per Employee $1.25M
Profits Per Employee $183,214
Employee Count630
Asset Turnover 0.63
Inventory Turnover n/a

Taxes

In the past 12 months, Upwork has paid $37.75 million in taxes.

Income Tax 37.75M
Effective Tax Rate 24.65%

Stock Price Statistics

The stock price has decreased by -19.96% in the last 52 weeks. The beta is 1.02, so Upwork's price volatility has been similar to the market average.

Beta (5Y) 1.02
52-Week Price Change -19.96%
50-Day Moving Average 19.09
200-Day Moving Average 16.67
Relative Strength Index (RSI) 28.18
Average Volume (20 Days) 5,252,943

Short Selling Information

The latest short interest is 21.42 million, so 16.43% of the outstanding shares have been sold short.

Short Interest 21.42M
Short Previous Month 20.27M
Short % of Shares Out 16.43%
Short % of Float 17.63%
Short Ratio (days to cover) 9.72

Income Statement

In the last 12 months, Upwork had revenue of $787.78 million and earned $115.43 million in profits. Earnings per share was $0.84.

Revenue787.78M
Gross Profit 613.03M
Operating Income 133.71M
Pretax Income 153.18M
Net Income 115.43M
EBITDA 145.42M
EBIT 133.71M
Earnings Per Share (EPS) $0.84
Full Income Statement

Balance Sheet

The company has $672.78 million in cash and $371.15 million in debt, with a net cash position of $301.63 million or $2.31 per share.

Cash & Cash Equivalents 672.78M
Total Debt 371.15M
Net Cash 301.63M
Net Cash Per Share $2.31
Equity (Book Value) 630.32M
Book Value Per Share 4.83
Working Capital 300.67M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $248.26 million and capital expenditures -$5.79 million, giving a free cash flow of $242.47 million.

Operating Cash Flow 248.26M
Capital Expenditures -5.79M
Free Cash Flow 242.47M
FCF Per Share $1.86
Full Cash Flow Statement

Margins

Gross margin is 77.82%, with operating and profit margins of 16.97% and 14.65%.

Gross Margin 77.82%
Operating Margin 16.97%
Pretax Margin 19.44%
Profit Margin 14.65%
EBITDA Margin 18.46%
EBIT Margin 16.97%
FCF Margin 30.78%

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 1.74%
Shareholder Yield 1.74%
Earnings Yield 7.08%
FCF Yield 14.87%

Analyst Forecast

The average price target for Upwork is $22.33, which is 78.50% higher than the current price. The consensus rating is "Buy".

Price Target $22.33
Price Target Difference 78.50%
Analyst Consensus Buy
Analyst Count 13
Revenue Growth Forecast (5Y) 10.72%
EPS Growth Forecast (5Y) 25.90%
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 3.13 and a Piotroski F-Score of 5.

Altman Z-Score 3.13
Piotroski F-Score 5