20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.
Upwork Inc (UPWK) operates in the INTERNET CONTENT & INFORMATION industry and is headquartered in Palo Alto, United States with about 630 employees. Its market capitalization is roughly $1 billion. In the fiscal year ended 2025-12-31, UPWK reported $788M in revenue and $115M in net income.
Upwork Inc., together with its subsidiaries, provides platforms and workforce solutions that connect businesses with freelance, agency, fractional, and payrolled talent in the United States, the Philippines, India, Pakistan, and internationally.
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| Income statement | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $787M | $788M | $769M | $689M | $618M | $503M | $374M | $301M | $253M | $203M | $164M |
| Gross Profit | $608M | $613M | $595M | $519M | $458M | $367M | $269M | $212M | $172M | $137M | $102M |
| Gross Margin % | 77.2% | 77.8% | 77.4% | 75.3% | 74.1% | 73.0% | 72.1% | 70.7% | 67.8% | 67.7% | 62.0% |
| Operating Income (EBIT) | $119M | $129M | $65M | ($11M) | ($93M) | ($54M) | ($22M) | ($19M) | ($12M) | ($3M) | ($14M) |
| Operating Margin % | 15.1% | 16.4% | 8.5% | -1.6% | -15.0% | -10.8% | -6.0% | -6.2% | -4.6% | -1.5% | -8.8% |
| Net Income | $102M | $115M | $216M | $47M | ($90M) | ($56M) | ($23M) | ($17M) | ($20M) | ($4M) | ($16M) |
| Net Margin % | 12.9% | 14.6% | 28.0% | 6.8% | -14.5% | -11.2% | -6.1% | -5.5% | -7.9% | -2.0% | -9.9% |
| EBITDA | $170M | $163M | $111M | $62M | ($74M) | ($40M) | ($8M) | ($6M) | ($13M) | $1M | ($7M) |
| Earnings Per Share (EPS) | $0.75 | $0.83 | $1.51 | $0.34 | $-0.69 | $-0.44 | $-0.19 | $-0.15 | $-0.19 | $-0.04 | $-0.50 |
| Shares Outstanding (M) | 130M | 139M | 143M | 137M | 131M | 127M | 119M | 110M | 104M | 96M | 32M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly income statement | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | $192M | $195M | $198M | $202M | $195M | $193M | $191M | $194M |
| Gross Profit | $146M | $151M | $155M | $156M | $152M | $151M | $149M | $150M |
| Gross Margin % | 76.4% | 77.2% | 78.0% | 77.3% | 77.7% | 78.3% | 77.7% | 77.6% |
| Operating Income (EBIT) | $28M | $33M | $28M | $30M | $33M | $39M | $14M | $21M |
| Operating Margin % | 14.7% | 16.7% | 14.3% | 14.8% | 16.7% | 20.1% | 7.1% | 10.7% |
| Net Income | $25M | $31M | $16M | $29M | $33M | $38M | $147M | $28M |
| Net Margin % | 13.2% | 16.1% | 7.9% | 14.5% | 16.8% | 19.6% | 76.9% | 14.3% |
| EBITDA | $41M | $48M | $41M | $40M | $45M | $50M | $24M | $32M |
| Earnings Per Share (EPS) | $0.20 | $0.23 | $0.11 | $0.21 | $0.23 | $0.26 | $1.03 | $0.20 |
| Shares Outstanding (M) | 130M | 136M | 139M | 140M | 140M | 143M | 143M | 139M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Cash flow | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $209M | $248M | $154M | $53M | $11M | $11M | $22M | $1M | $14M | ($4M) | $3M |
| Capital Expenditures (CapEx) | $9M | $6M | $14M | $16M | $9M | $6M | $14M | $17M | $7M | $2M | $1M |
| Free Cash Flow (FCF) | $199M | $242M | $139M | $36M | $3M | $5M | $8M | ($16M) | $7M | ($6M) | $2M |
| FCF Margin % | 25.3% | 30.8% | 18.1% | 5.3% | 0.4% | 0.9% | 2.1% | -5.2% | 2.7% | -3.1% | 1.4% |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly cash flow | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $47M | $23M | $64M | $75M | $73M | $37M | $8M | $91M |
| Capital Expenditures (CapEx) | $2M | $2M | $0M | $6M | $2M | $6M | $4M | $4M |
| Free Cash Flow (FCF) | $45M | $21M | $63M | $69M | $70M | $31M | $5M | $87M |
| FCF Margin % | 23.6% | 10.9% | 31.9% | 34.4% | 36.0% | 16.0% | 2.4% | 44.8% |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Balance sheet | 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.3B | $1.3B | $1.2B | $1.0B | $1.1B | $1.1B | $529M | $446M | $392M | $275M | $250M |
| Cash & Cash Equivalents | $476M | $298M | $306M | $80M | $129M | $187M | $94M | $48M | $129M | $22M | $27M |
| Total Liabilities | $663M | $669M | $636M | $656M | $831M | $822M | $230M | $187M | $148M | $307M | $280M |
| Total Debt (Short + Long-Term) | $361M | $360M | $360M | $362M | $571M | $568M | $14M | $21M | $24M | $34M | $17M |
| Total Shareholders' Equity | $611M | $630M | $575M | $381M | $249M | $260M | $299M | $259M | $244M | ($31M) | ($30M) |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive UPWK viewer.
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