Upwork Inc.(UPWK)Earnings, Financials & Key Ratios

UPWK•NASDAQ

$10.08

$1.32B mkt cap·12.0× P/E·Price updated May 6, 2026

SectorIndustrials IndustryStaffing & HR Sub-IndustryDigital Job and Talent Marketplaces

AboutUpwork Inc., together with its subsidiaries, operates a work marketplace that connects businesses with various independent professionals and agencies in the United States, India, the Philippines, and internationally. The company's work marketplace provides access to talent with various skills across a range of categories, including sales and marketing, customer service, data science and analytics, design and creative, web, mobile, and software development. Its work marketplace also enables clients to streamline workflows, such as talent sourcing, outreach, and contracting. The company's work marketplace offers access to various functionalities for remote engagements with talent, including communication and collaboration, ability to receive talent invoices through their work marketplace, and payment protection. Its marketplace offerings include Upwork Basic, Upwork Plus, Upwork Enterprise, and Upwork Payroll, as well as managed and internet escrow agency services. The company was formerly known as Elance-oDesk, Inc. and changed its name to Upwork Inc. in May 2015. Upwork Inc. was incorporated in 2013 and is headquartered in San Francisco, California.Show more

Revenue$788M+2.4%
EBITDA$156M+88.0%
Net Income$115M-46.5%
EPS (Diluted)0.84-44.7%
Gross Margin77.82%+0.6%
EBITDA Margin19.77%+83.6%
Operating Margin16.41%+93.7%
Net Margin14.65%-47.7%
ROE19.15%-57.5%
ROIC14.43%+93.0%
Debt/Equity0.59-8.6%

Technical→

UPWK Key Insights

Upwork Inc. (UPWK) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Excellent 3Y average ROE of 26.4%
✓FCF machine: 30.8% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 16.1%

✗Weaknesses

✗Weak momentum: RS Rating 11 (bottom 11%)
✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

UPWK Price & Volume

Upwork Inc. (UPWK) stock price & volume — 10-year historical chart

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UPWK Growth Metrics

Upwork Inc. (UPWK) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-

5 Years16.09%

3 Years8.41%

TTM2.4%

Profit CAGR

10 Years-

5 Years-

3 Years-

TTM-29.37%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM-45.75%

Return on Capital

10 Years-2.78%

5 Years0.46%

3 Years7.51%

Last Year16.24%

UPWK Recent Earnings

Upwork Inc. (UPWK) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 10/12 qtrs (83%)●Beat Revenue 12/12 qtrs (100%)

Q1 2026Latest

Feb 9, 2026

EPS

$0.12

Est $0.23

-47.8%

Revenue

$198M

Est $198M

+0.4%

Q4 2025

Nov 3, 2025

EPS

$0.21

Est $0.25

-16.0%

Revenue

$202M

Est $198M

+2.1%

Q3 2025

Aug 6, 2025

EPS

$0.35

Est $0.26

+34.6%

Revenue

$195M

Est $188M

+4.0%

Q2 2025

May 5, 2025

EPS

$0.34

Est $0.25

+36.0%

Revenue

$193M

Est $187M

+3.0%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	Feb 9, 2026	$0.12vs $0.23-47.8%	$198Mvs $198M+0.4%
Q4 2025	Nov 3, 2025	$0.21vs $0.25-16.0%	$202Mvs $198M+2.1%
Q3 2025	Aug 6, 2025	$0.35vs $0.26+34.6%	$195Mvs $188M+4.0%
Q2 2025	May 5, 2025	$0.34vs $0.25+36.0%	$193Mvs $187M+3.0%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	FCF Yield	Debt / Equity
FVRRFiverr International Ltd.Direct Competitor	404.81M	11.26	20.11	10.07%	6.7%	7.03%	25.68%	0.01
TASKTaskUs, Inc.Direct Competitor	367.62M	6.68	6.13	-185.4%	11.75%	17.05%	20.05%	0.50
FLNTFluent, Inc.Direct Competitor	86.2M	2.92	-2.78	-18.01%	-13.01%	-134.23%		2.07
RELYRemitly Global, Inc.Direct Competitor	4.97B	23.73	76.55	29.37%	1.36%	2.63%	5.95%	0.22
HIMSHims & Hers Health, Inc.Product Competitor	6.94B	26.88	52.71	59%	5.47%	23.73%	1.07%	2.07
ANGIAngi Inc.Product Competitor	192.1M	4.79	5.10	-13.04%	1.93%	2.06%	23.67%	0.54
TRUPTrupanion, Inc.Product Competitor	1.08B	24.94	55.42	11.95%	1.74%	6.87%	6.96%	0.29
CWANClearwater Analytics Holdings, Inc.Product Competitor	6.59B	24.27	-173.36	61.88%	-5.31%	-1.91%	2.5%	0.42

Compare UPWK vs Peers

Upwork Inc. (UPWK) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs FVRR

Most directly comparable listed peer for UPWK.

Scale Benchmark

vs GOOGL

Larger-name benchmark to compare UPWK against a more recognizable public peer.

Peer Set

Compare Top 5

vs FVRR, TASK, FLNT, RELY

UPWK Income Statement

Upwork Inc. (UPWK) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Sales/Revenue	202.55M	253.35M	300.56M	373.63M	502.8M	618.32M	689.14M	769.33M	787.78M
Revenue Growth %	23.17%	25.08%	18.63%	24.31%	34.57%	22.98%	11.45%	11.64%	2.4%
Cost of Goods Sold	65.44M	81.46M	88.14M	104.27M	135.51M	160.4M	170.45M	174.09M	174.75M
COGS % of Revenue	32.31%	32.15%	29.33%	27.91%	26.95%	25.94%	24.73%	22.63%	22.18%
Gross Profit	137.11M▲ 0%	171.9M▲ 25.4%	212.42M▲ 23.6%	269.36M▲ 26.8%	367.29M▲ 36.4%	457.92M▲ 24.7%	518.69M▲ 13.3%	595.23M▲ 14.8%	613.03M▲ 3.0%
Gross Margin %	67.69%	67.85%	70.67%	72.09%	73.05%	74.06%	75.27%	77.37%	77.82%
Gross Profit Growth %	34.6%	25.37%	23.57%	26.81%	36.36%	24.67%	13.27%	14.76%	2.99%
Operating Expenses	140.23M	183.61M	231.15M	291.77M	421.51M	550.54M	529.95M	530.02M	475.58M
OpEx % of Revenue	69.23%	72.47%	76.91%	78.09%	83.83%	89.04%	76.9%	68.89%	60.37%
Selling, General & Admin	90.38M	122.3M	163.22M	204.74M	296.38M	370.83M	339.61M	314.01M	290.04M
SG&A % of Revenue	44.62%	48.27%	54.3%	54.8%	58.95%	59.97%	49.28%	40.82%	36.82%
Research & Development	45.6M	55.49M	64.03M	83.47M	119.08M	154.55M	177.36M	209.28M	185.54M
R&D % of Revenue	22.51%	21.9%	21.3%	22.34%	23.68%	25%	25.74%	27.2%	23.55%
Other Operating Expenses	-62K	-6.14M	3.9M	3.56M	6.05M	25.15M	12.98M	6.73M	0
Operating Income	-3.12M▲ 0%	-11.71M▼ 275.0%	-18.73M▼ 59.9%	-22.41M▼ 19.6%	-54.22M▼ 142.0%	-92.62M▼ 70.8%	-11.26M▲ 87.8%	65.21M▲ 679.1%	129.31M▲ 98.3%
Operating Margin %	-1.54%	-4.62%	-6.23%	-6%	-10.78%	-14.98%	-1.63%	8.48%	16.41%
Operating Income Growth %	78.41%	-275.02%	-59.94%	-19.62%	-141.95%	-70.84%	87.84%	679.09%	98.31%
EBITDA	1.06M	-6.76M	-9.29M	-8.38M	-40.41M	-81.49M	1.46M	82.86M	155.76M
EBITDA Margin %	0.52%	-2.67%	-3.09%	-2.24%	-8.04%	-13.18%	0.21%	10.77%	19.77%
EBITDA Growth %	117.7%	-736.22%	-37.32%	9.81%	-382.46%	-101.65%	101.79%	5582.85%	87.99%
D&A (Non-Cash Add-back)	4.19M	4.95M	9.45M	14.03M	13.81M	11.14M	12.72M	17.65M	26.45M
EBIT	-3.19M	-17.85M	-15.32M	-21.94M	-53.94M	-92.62M	-11.26M	65.21M	153.18M
Net Interest Income	-960K	-2.04M	-1.31M	-778K	-2.18M	-4.48M	0	28M	0
Interest Income	0	0	0	0	0	0	0	30.7M	0
Interest Expense	960K	2.04M	1.31M	778K	2.18M	4.48M	0	2.7M	0
Other Income/Expense	-1.02M	-8.18M	2.1M	-309K	-1.9M	3.27M	60.14M	25.22M	23.87M
Pretax Income	-4.14M▲ 0%	-19.89M▼ 379.9%	-16.63M▲ 16.4%	-22.72M▼ 36.6%	-56.12M▼ 147.0%	-89.35M▼ 59.2%	48.88M▲ 154.7%	90.43M▲ 85.0%	153.18M▲ 69.4%
Pretax Margin %	-2.05%	-7.85%	-5.53%	-6.08%	-11.16%	-14.45%	7.09%	11.75%	19.44%
Income Tax	-22K	15K	28K	150K	122K	536K	1.99M	-125.16M	37.75M
Effective Tax Rate %	0.53%	-0.08%	-0.17%	-0.66%	-0.22%	-0.6%	4.07%	-138.41%	24.65%
Net Income	-4.12M▲ 0%	-19.91M▼ 382.8%	-16.66M▲ 16.3%	-22.87M▼ 37.3%	-56.24M▼ 145.9%	-89.89M▼ 59.8%	46.89M▲ 152.2%	215.59M▲ 359.8%	115.42M▼ 46.5%
Net Margin %	-2.04%	-7.86%	-5.54%	-6.12%	-11.19%	-14.54%	6.8%	28.02%	14.65%
Net Income Growth %	74.6%	-382.83%	16.32%	-37.27%	-145.94%	-59.82%	152.16%	359.8%	-46.46%
Net Income (Continuing)	-4.12M	-19.91M	-16.66M	-22.87M	-56.24M	-89.89M	46.89M	215.59M	115.42M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0
EPS (Diluted)	-0.04▲ 0%	-0.19▼ 341.9%	-0.15▲ 21.1%	-0.19▼ 26.7%	-0.44▼ 131.6%	-0.69▼ 56.8%	0.34▲ 149.3%	1.52▲ 347.1%	0.84▼ 44.7%
EPS Growth %	91.4%	-341.86%	21.05%	-26.67%	-131.58%	-56.82%	149.28%	347.06%	-44.74%
EPS (Basic)	-0.04	-0.19	-0.15	-0.19	-0.44	-0.69	0.35	1.61	0.87
Diluted Shares Outstanding	95.93M	103.72M	109.81M	118.7M	127.16M	130.52M	137.26M	143.15M	140.66M
Basic Shares Outstanding	95.93M	103.72M	109.81M	118.7M	127.16M	130.52M	134.77M	133.62M	132.49M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

UPWK Balance Sheet

Upwork Inc. (UPWK) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Total Current Assets	144.13M	255.88M	280.63M	360.8M	929.65M	930.91M	883.37M	911.05M	950.83M
Cash & Short-Term Investments	21.59M	129.13M	133.87M	169.65M	684.77M	686.61M	550.1M	622.1M	672.78M
Cash Only	21.59M	129.13M	48.39M	94.08M	187.21M	129.38M	79.64M	305.76M	294.36M
Short-Term Investments	0	0	85.48M	75.57M	497.57M	557.23M	470.46M	316.34M	378.43M
Accounts Receivable	30.76M	22.32M	30.16M	47.02M	66.83M	64.89M	103.06M	75.49M	76.24M
Days Sales Outstanding	55.43	32.15	36.62	45.93	48.51	38.3	54.59	35.82	35.32
Inventory	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-
Other Current Assets	89M	98.19M	108.72M	135.04M	160.81M	161.46M	230.21M	213.46M	201.82M
Total Non-Current Assets	131.06M	135.69M	165.75M	168.43M	151.41M	149.34M	154.17M	300.56M	348.75M
Property, Plant & Equipment	3.51M	10.81M	43.36M	47.87M	32.01M	29.67M	31.47M	35.81M	49.43M
Fixed Asset Turnover	57.64x	23.43x	6.93x	7.81x	15.71x	20.84x	21.90x	21.48x	15.94x
Goodwill	118.22M	118.22M	118.22M	118.22M	118.22M	118.22M	118.22M	121.06M	149.19M
Intangible Assets	8.67M	6M	3.33M	667K	0	0	3.05M	12.99M	37.16M
Long-Term Investments	0	500K	0	0	0	0	0	0	0
Other Non-Current Assets	658K	653K	829K	1.67M	1.18M	1.45M	1.43M	1.92M	1.47M
Total Assets	275.19M▲ 0%	391.57M▲ 42.3%	446.38M▲ 14.0%	529.23M▲ 18.6%	1.08B▲ 104.3%	1.08B▼ 0.1%	1.04B▼ 4.0%	1.21B▲ 16.8%	1.3B▲ 7.3%
Asset Turnover	0.74x	0.65x	0.67x	0.71x	0.47x	0.57x	0.66x	0.63x	0.61x
Asset Growth %	10.25%	42.29%	14%	18.56%	104.27%	-0.08%	-3.95%	16.78%	7.26%
Total Current Liabilities	114.64M	127.6M	149.1M	198.75M	233.63M	247.69M	293M	268.43M	650.17M
Accounts Payable	462K	2.07M	652K	6.46M	5M	7.55M	5.06M	6.13M	188.61M
Days Payables Outstanding	2.58	9.29	2.7	22.6	13.46	17.18	10.84	12.85	393.94
Short-Term Debt	10.34M	5.67M	7.58M	7.58M	0	0	0	0	359.77M
Deferred Revenue (Current)	614K	722K	13.8M	16.8M	22.08M	25.07M	17.36M	7.27M	7.76M
Other Current Liabilities	94.83M	108.19M	5.79M	14.21M	24.06M	19.37M	26.98M	31.52M	94.02M
Current Ratio	1.26x	2.01x	1.88x	1.82x	3.98x	3.76x	3.01x	3.39x	1.46x
Quick Ratio	1.26x	2.01x	1.88x	1.82x	3.98x	3.76x	3.01x	3.39x	1.46x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities	191.91M	20.23M	37.86M	31.17M	587.91M	583.67M	363.46M	367.8M	19.1M
Long-Term Debt	23.49M	18.24M	10.7M	3.14M	561.3M	564.26M	356.09M	357.93M	9.71M
Capital Lease Obligations	0	0	21.19M	20.51M	16.75M	11.18M	6.09M	9.57M	9.71M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	168.42M	1.99M	5.97M	7.52M	9.86M	8.24M	1.29M	308K	-317K
Total Liabilities	306.56M	147.83M	186.96M	229.92M	821.54M	831.37M	656.47M	636.24M	669.26M
Total Debt	33.83M	23.91M	42.68M	34.95M	584.37M	581.94M	367.86M	369.12M	369.48M
Net Debt	12.24M	-105.22M	-5.71M	-59.13M	397.16M	452.56M	288.22M	63.36M	75.12M
Debt / Equity	-	0.10x	0.16x	0.12x	2.25x	2.34x	0.97x	0.64x	0.59x
Debt / EBITDA	31.83x	-	-	-	-	-	252.31x	4.45x	2.37x
Net Debt / EBITDA	11.51x	-	-	-	-	-	197.68x	0.76x	0.48x
Interest Coverage	-3.25x	-5.75x	-14.34x	-28.80x	-24.87x	-20.66x	-	24.15x	-
Total Equity	-31.37M▲ 0%	243.75M▲ 877.1%	259.42M▲ 6.4%	299.31M▲ 15.4%	259.52M▼ 13.3%	248.88M▼ 4.1%	381.07M▲ 53.1%	575.38M▲ 51.0%	630.32M▲ 9.5%
Equity Growth %	-4.1%	877.07%	6.43%	15.37%	-13.29%	-4.1%	53.12%	50.99%	9.55%
Book Value per Share	-0.33	2.35	2.36	2.52	2.04	1.91	2.78	4.02	4.48
Total Shareholders' Equity	-31.37M	243.75M	259.42M	299.31M	259.52M	248.88M	381.07M	575.38M	630.32M
Common Stock	3K	11K	11K	12K	13K	13K	14K	14K	13K
Retained Earnings	-123.59M	-143.5M	-171.96M	-194.82M	-251.06M	-340.95M	-294.06M	-78.48M	36.95M
Treasury Stock	0	0	0	0	0	0	0	0	0
Accumulated OCI	-123.59M	-143.5M	-171.96M	0	-528K	-3.08M	205K	264K	754K
Minority Interest	0	0	0	0	0	0	0	0	0

UPWK Cash Flow Statement

Upwork Inc. (UPWK) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Cash from Operations	-4M	13.74M	1.06M	22.36M	10.84M	11.5M	52.71M	153.56M	248.26M
Operating CF Margin %	-1.98%	5.42%	0.35%	5.99%	2.16%	1.86%	7.65%	19.96%	31.51%
Operating CF Growth %	-227.1%	443.51%	-92.3%	2013.89%	-51.55%	6.1%	358.45%	191.35%	61.67%
Net Income	-4.12M	-19.91M	-16.66M	-22.87M	-56.24M	-89.89M	46.89M	215.59M	115.42M
Depreciation & Amortization	4.19M	4.95M	10.61M	14.03M	13.81M	11.14M	12.72M	17.65M	26.45M
Stock-Based Compensation	6.85M	10.36M	18.8M	25.51M	53.59M	75.5M	74.19M	68.39M	65.39M
Deferred Taxes	4.43M	11.48M	2.69M	0	0	0	0	-129.26M	18.49M
Other Non-Cash Items	49K	77K	52K	3.45M	16.15M	25.53M	-41.85M	-3.81M	1.1M
Working Capital Changes	-15.39M	6.78M	-14.42M	2.24M	-16.47M	-10.79M	-39.24M	-14.99M	21.4M
Change in Receivables	-8.86M	3.51M	-10.92M	-20M	-24.61M	-15.29M	-22.18M	-4.8M	-3.28M
Change in Inventory	-6.63M	1.56M	-6.48M	0	0	0	0	0	0
Change in Payables	74K	1.61M	-1.46M	5.82M	-1.45M	2.58M	-2.51M	969K	-1.16M
Cash from Investing	-2.11M	-7.29M	-100.92M	-4.15M	-428.98M	-69.47M	88.27M	137.57M	-136.94M
Capital Expenditures	-2.32M	-6.84M	-16.64M	-6.32M	-1.03M	-1.25M	-692K	-3.53M	-5.79M
CapEx % of Revenue	1.14%	2.7%	5.54%	1.69%	0.2%	0.2%	0.1%	0.46%	0.73%
Acquisitions	0	0	5.89M	0	0	0	0	-14.33M	-58.41M
Investments	-	-	-	-	-	-	-	-	-
Other Investing	208K	-444K	-5.89M	-8.04M	-5.11M	-7.49M	-15.66M	-10.92M	-11.15M
Cash from Financing	381K	101.07M	29.4M	54.64M	537.74M	1.14M	-139.79M	-81.96M	-138M
Debt Issued (Net)	16.78M	-10M	-5.68M	-7.62M	564.25M	0	-171.33M	0	0
Equity Issued (Net)	-1000K	1000K	0	0	0	0	0	-1000K	-1000K
Dividends Paid	0	0	0	0	0	0	0	0	0
Share Repurchases	-19.21M	0	0	0	0	0	0	-100M	-135.96M
Other Financing	0	10.74M	35.08M	62.26M	-26.51M	1.14M	31.54M	18.04M	-6.73M
Net Change in Cash	-5.73M▲ 0%	107.53M▲ 1976.3%	-70.46M▼ 165.5%	72.86M▲ 203.4%	119.59M▲ 64.1%	-56.83M▼ 147.5%	1.19M▲ 102.1%	209.18M▲ 17522.2%	-26.68M▼ 112.8%
Free Cash Flow	-6.32M▲ 0%	6.9M▲ 209.2%	-15.58M▼ 325.7%	8M▲ 151.3%	4.7M▼ 41.3%	2.76M▼ 41.2%	36.36M▲ 1215.4%	139.12M▲ 282.6%	242.47M▲ 74.3%
FCF Margin %	-3.12%	2.72%	-5.18%	2.14%	0.93%	0.45%	5.28%	18.08%	30.78%
FCF Growth %	-374.54%	209.22%	-325.7%	151.35%	-41.26%	-41.18%	1215.38%	282.65%	74.29%
FCF per Share	-0.07	0.07	-0.14	0.07	0.04	0.02	0.26	0.97	1.72
FCF Conversion (FCF/Net Income)	0.97x	-0.69x	-0.06x	-0.98x	-0.19x	-0.13x	1.12x	0.71x	2.15x
Interest Paid	847K	1.98M	1.29M	764K	373K	1.54M	1.32M	920K	0
Taxes Paid	55K	13K	42K	0	0	0	1.98M	4.59M	0

UPWK Key Ratios

Upwork Inc. (UPWK) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-	-	-18.75%	-6.62%	-8.19%	-20.13%	-35.36%	14.89%	45.08%	19.15%
Return on Invested Capital (ROIC)	-	-	-14.71%	-7.16%	-6.81%	-9.07%	-10.23%	-1.23%	7.48%	14.43%
Gross Margin	61.95%	67.69%	67.85%	70.67%	72.09%	73.05%	74.06%	75.27%	77.37%	77.82%
Net Margin	-9.87%	-2.04%	-7.86%	-5.54%	-6.12%	-11.19%	-14.54%	6.8%	28.02%	14.65%
Debt / Equity	-	-	0.10x	0.16x	0.12x	2.25x	2.34x	0.97x	0.64x	0.59x
Interest Coverage	-16.86x	-3.25x	-5.75x	-14.34x	-28.80x	-24.87x	-20.66x	-	24.15x	-
FCF Conversion	-0.19x	0.97x	-0.69x	-0.06x	-0.98x	-0.19x	-0.13x	1.12x	0.71x	2.15x
Revenue Growth	-	23.17%	25.08%	18.63%	24.31%	34.57%	22.98%	11.45%	11.64%	2.4%

UPWK SEC Filings & Documents

Upwork Inc. (UPWK) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Mar 18, 2026·SEC

Material company update

Feb 18, 2026·SEC

Material company update

Feb 9, 2026·SEC

10-K Annual Reports

FY 2026

Feb 13, 2026·SEC

FY 2025

Feb 13, 2025·SEC

FY 2024

Feb 15, 2024·SEC

10-Q Quarterly Reports

FY 2025

Nov 4, 2025·SEC

FY 2025

Aug 6, 2025·SEC

FY 2025

May 5, 2025·SEC

UPWK Frequently Asked Questions

Upwork Inc. (UPWK) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Upwork Inc. (UPWK) reported $787.8M in revenue for fiscal year 2025. This represents a 379% increase from $164.4M in 2016.

Upwork Inc. (UPWK) grew revenue by 2.4% over the past year. Growth has been modest.

Yes, Upwork Inc. (UPWK) is profitable, generating $152.3M in net income for fiscal year 2025 (14.7% net margin).

Dividend & Returns

Upwork Inc. (UPWK) has a return on equity (ROE) of 19.1%. This is reasonable for most industries.

Upwork Inc. (UPWK) generated $233.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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