upwork inc. - UPWK

UPWK

Close Chg Chg %
11.15 0.17 1.52%

Closed Market

11.32

+0.17 (1.52%)

Volume: 3.10M

Last Updated:

Mar 25, 2026, 4:00 PM EDT

Company Overview: upwork inc. - UPWK

UPWK Key Data

Open

$11.43

Day Range

11.08 - 11.58

52 Week Range

11.03 - 22.84

Market Cap

$1.45B

Shares Outstanding

130.38M

Public Float

120.90M

Beta

1.07

Rev. Per Employee

N/A

P/E Ratio

13.35

EPS

$0.87

Yield

0.00%

Dividend

N/A

EX-DIVIDEND DATE

SHORT INTEREST

N/A

AVERAGE VOLUME

3.23M

 

UPWK Performance

1 Week
 
0.40%
 
1 Month
 
-15.65%
 
3 Months
 
-45.71%
 
1 Year
 
-14.31%
 
5 Years
 
-74.41%
 

UPWK Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 11
Full Ratings ➔

About upwork inc. - UPWK

Upwork, Inc. is an online marketplace which engages in the provision of businesses to find, hire, and pay freelancers for short-term and longer-term projects. Its marketplace offerings include Upwork Basic, Upwork Plus, Upwork Business, Upwork Enterprise, and Upwork Payroll. The company was founded by Odysseas Tsatalos and Efstratios Karamanlakis in December 2013 and is headquartered in Palo Alto, CA.

UPWK At a Glance

Upwork, Inc.
530 Lytton Avenue
Palo Alto, California 94301
Phone 1-650-316-7500 Revenue 787.78M
Industry Personnel Services Net Income 115.43M
Sector Commercial Services 2025 Sales Growth 2.399%
Fiscal Year-end 12 / 2026 Employees 630
View SEC Filings

UPWK Valuation

P/E Current 13.348
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 23.728
Price to Sales Ratio 3.539
Price to Book Ratio 4.105
Price to Cash Flow Ratio 11.23
Enterprise Value to EBITDA 15.858
Enterprise Value to Sales 3.151
Total Debt to Enterprise Value 0.149

UPWK Efficiency

Revenue/Employee 1,250,450.794
Income Per Employee 183,214.286
Receivables Turnover 10.333
Total Asset Turnover 0.625

UPWK Liquidity

Current Ratio 1.462
Quick Ratio 1.462
Cash Ratio 1.04

UPWK Profitability

Gross Margin 76.624
Operating Margin 16.516
Pretax Margin 19.444
Net Margin 14.652
Return on Assets 9.156
Return on Equity 19.147
Return on Total Capital 11.526
Return on Invested Capital 14.584

UPWK Capital Structure

Total Debt to Total Equity 58.883
Total Debt to Total Capital 37.061
Total Debt to Total Assets 28.43
Long-Term Debt to Equity 1.54
Long-Term Debt to Total Capital 0.969
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Upwork Inc. - UPWK

Collapse All in section
All values USD millions. 2022 2023 2024 2025 5-year trend
Sales/Revenue
618.32M 689.14M 769.33M 787.78M
Sales Growth
+22.98% +11.45% +11.64% +2.40%
Cost of Goods Sold (COGS) incl D&A
160.40M 170.45M 176.19M 184.15M
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
11.14M 12.72M 17.65M 26.45M
Depreciation
11.14M 12.72M 15.55M 17.05M
Amortization of Intangibles
- - 2.10M 9.40M
-
COGS Growth
+17.76% +6.26% +3.37% +4.52%
Gross Income
457.92M 518.69M 593.13M 603.63M
Gross Income Growth
+24.91% +13.27% +14.35% +1.77%
Gross Profit Margin
+74.06% +75.27% +77.10% +76.62%
2022 2023 2024 2025 5-year trend
SG&A Expense
549.79M 529.15M 527.13M 473.52M
Research & Development
154.55M 177.36M 209.28M 185.54M
Other SG&A
395.24M 351.78M 317.84M 287.98M
SGA Growth
+30.88% -3.75% -0.38% -10.17%
Other Operating Expense
- - - -
-
Unusual Expense
950.00K (38.65M) 700.00K 1.30M
EBIT after Unusual Expense
(92.82M) 28.19M 65.31M 128.81M
Non Operating Income/Expense
7.96M 21.69M 27.82M 27.07M
Non-Operating Interest Income
- - 30.70M 30.10M
-
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
4.48M 1.00M 2.70M 2.70M
Interest Expense Growth
- +105.64% -77.69% +170.00%
Gross Interest Expense
4.48M 1.00M 2.70M 2.70M
Interest Capitalized
- - - -
-
Pretax Income
(89.35M) 48.88M 90.43M 153.18M
Pretax Income Growth
-59.22% +154.70% +85.01% +69.39%
Pretax Margin
-14.45% +7.09% +11.75% +19.44%
Income Tax
536.00K 1.99M (125.16M) 37.75M
Income Tax - Current - Domestic
494.00K 1.88M 3.99M 13.61M
Income Tax - Current - Foreign
42.00K 110.00K 112.00K 5.65M
Income Tax - Deferred - Domestic
- - (129.26M) 22.11M
-
Income Tax - Deferred - Foreign
- - - (3.61M)
-
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
(89.89M) 46.89M 215.59M 115.42M
Minority Interest Expense
- - - -
-
Net Income
(89.89M) 46.89M 215.59M 115.42M
Net Income Growth
-59.82% +152.16% +359.80% -46.46%
Net Margin Growth
-14.54% +6.80% +28.02% +14.65%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
(89.89M) 46.89M 215.59M 115.42M
Preferred Dividends
- - - -
-
Net Income Available to Common
(89.89M) 46.89M 215.59M 115.42M
EPS (Basic)
-0.6887 0.3479 1.6134 0.8712
EPS (Basic) Growth
-55.71% +150.52% +363.75% -46.00%
Basic Shares Outstanding
130.52M 134.77M 133.62M 132.49M
EPS (Diluted)
-0.6887 0.0638 1.5216 0.8353
EPS (Diluted) Growth
-55.71% +109.26% +2,284.95% -45.10%
Diluted Shares Outstanding
130.52M 137.26M 143.15M 140.66M
EBITDA
(80.74M) 2.26M 83.66M 156.56M
EBITDA Growth
-103.57% +102.80% +3,604.87% +87.14%
EBITDA Margin
-13.06% +0.33% +10.87% +19.87%

Snapshot

Average Recommendation OVERWEIGHT Average Target Price 23.90
Number of Ratings 11 Current Quarters Estimate 0.272
FY Report Date 03 / 2026 Current Year's Estimate 1.442
Last Quarter’s Earnings 0.36 Median PE on CY Estimate N/A
Year Ago Earnings 1.41 Next Fiscal Year Estimate 1.734
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 8 8 8 8
Mean Estimate 0.27 0.34 1.44 1.73
High Estimates 0.29 0.35 1.52 1.97
Low Estimate 0.26 0.31 1.38 1.63
Coefficient of Variance 3.82 3.48 2.84 6.27

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 7 7 7
OVERWEIGHT 0 0 0
HOLD 4 4 4
UNDERWEIGHT 0 0 0
SELL 0 0 0
MEAN Overweight Overweight Overweight

Insider Actions for Upwork Inc. - UPWK

Date Name Shares Transaction Value
Feb 20, 2026 Hayden Brown President & CEO; Director 59,400 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Feb 20, 2026 David T. Bottoms GM, Marketplace 81,833 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Feb 20, 2026 David T. Bottoms GM, Marketplace 29,257 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Feb 20, 2026 Erica Gessert Chief Financial Officer 136,388 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Feb 20, 2026 Erica Gessert Chief Financial Officer 187,500 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Feb 20, 2026 Erica Gessert Chief Financial Officer N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Feb 20, 2026 Erica Gessert Chief Financial Officer 298,386 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $13.8 per share 4,117,726.80
Feb 20, 2026 Erica Gessert Chief Financial Officer 324,678 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Feb 20, 2026 Erica Gessert Chief Financial Officer 287,178 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Feb 20, 2026 Hayden Brown President & CEO; Director 218,221 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Feb 20, 2026 Hayden Brown President & CEO; Director 73,334 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Feb 20, 2026 Hayden Brown President & CEO; Director 848,836 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Feb 20, 2026 Hayden Brown President & CEO; Director N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Feb 20, 2026 Hayden Brown President & CEO; Director N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Feb 20, 2026 Hayden Brown President & CEO; Director N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Feb 20, 2026 Hayden Brown President & CEO; Director 776,067 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $13.79 per share 10,701,963.93
Feb 20, 2026 Hayden Brown President & CEO; Director 826,067 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $13.8 per share 11,399,724.60
Feb 20, 2026 Hayden Brown President & CEO; Director 899,219 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Feb 20, 2026 Hayden Brown President & CEO; Director 880,886 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Feb 20, 2026 Hayden Brown President & CEO; Director 866,036 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00

Upwork Inc. in the News