Upwork Inc. (UPWK)
NASDAQ: UPWK · Real-Time Price · USD
12.98
-0.28 (-2.08%)
Mar 9, 2026, 2:19 PM EDT - Market open
Upwork Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | 2020 - 2016 |
|---|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | 2020 - 2016 |
| Revenue | 787.78 | 769.33 | 689.14 | 618.32 | 502.8 | Upgrade
|
| Revenue Growth (YoY) | 2.40% | 11.64% | 11.45% | 22.98% | 34.57% | Upgrade
|
| Cost of Revenue | 174.75 | 173.76 | 170.45 | 160.4 | 135.51 | Upgrade
|
| Gross Profit | 613.03 | 595.57 | 518.69 | 457.92 | 367.29 | Upgrade
|
| Selling, General & Admin | 285.64 | 303.58 | 339.61 | 370.83 | 287.63 | Upgrade
|
| Research & Development | 185.54 | 201.13 | 177.36 | 154.55 | 119.08 | Upgrade
|
| Other Operating Expenses | 8.14 | 6.73 | 12.98 | 25.15 | 6.05 | Upgrade
|
| Operating Expenses | 479.33 | 511.44 | 529.95 | 550.54 | 412.77 | Upgrade
|
| Operating Income | 133.71 | 84.13 | -11.26 | -92.62 | -45.48 | Upgrade
|
| Interest Expense | -3.15 | -2.76 | -3.22 | -4.48 | - | Upgrade
|
| Interest & Investment Income | 27.44 | 27.96 | 24.42 | 7.92 | 0.3 | Upgrade
|
| Currency Exchange Gain (Loss) | 0.5 | 0.1 | 0.5 | -0.2 | -0.5 | Upgrade
|
| Other Non Operating Income (Expenses) | -0.92 | 0.18 | -0.51 | 0.04 | -1.7 | Upgrade
|
| EBT Excluding Unusual Items | 157.58 | 109.61 | 9.93 | -89.35 | -47.38 | Upgrade
|
| Merger & Restructuring Charges | -4.4 | -19.19 | - | - | - | Upgrade
|
| Asset Writedown | - | - | - | - | -8.74 | Upgrade
|
| Other Unusual Items | - | - | 38.95 | - | - | Upgrade
|
| Pretax Income | 153.18 | 90.43 | 48.88 | -89.35 | -56.12 | Upgrade
|
| Income Tax Expense | 37.75 | -125.16 | 1.99 | 0.54 | 0.12 | Upgrade
|
| Net Income | 115.43 | 215.59 | 46.89 | -89.89 | -56.24 | Upgrade
|
| Net Income to Common | 115.43 | 215.59 | 46.89 | -89.89 | -56.24 | Upgrade
|
| Net Income Growth | -46.46% | 359.80% | - | - | - | Upgrade
|
| Shares Outstanding (Basic) | 132 | 134 | 135 | 131 | 127 | Upgrade
|
| Shares Outstanding (Diluted) | 141 | 143 | 137 | 131 | 127 | Upgrade
|
| Shares Change (YoY) | -1.74% | 4.29% | 5.17% | 2.64% | 7.13% | Upgrade
|
| EPS (Basic) | 0.87 | 1.61 | 0.35 | -0.69 | -0.44 | Upgrade
|
| EPS (Diluted) | 0.84 | 1.52 | 0.06 | -0.69 | -0.44 | Upgrade
|
| EPS Growth | -45.11% | 2286.77% | - | - | - | Upgrade
|
| Free Cash Flow | 242.47 | 150.04 | 52.02 | 10.25 | 9.81 | Upgrade
|
| Free Cash Flow Per Share | 1.72 | 1.05 | 0.38 | 0.08 | 0.08 | Upgrade
|
| Gross Margin | 77.82% | 77.41% | 75.27% | 74.06% | 73.05% | Upgrade
|
| Operating Margin | 16.97% | 10.94% | -1.63% | -14.98% | -9.04% | Upgrade
|
| Profit Margin | 14.65% | 28.02% | 6.80% | -14.54% | -11.19% | Upgrade
|
| Free Cash Flow Margin | 30.78% | 19.50% | 7.55% | 1.66% | 1.95% | Upgrade
|
| EBITDA | 145.42 | 88.84 | -8.31 | -89.47 | -41.12 | Upgrade
|
| EBITDA Margin | 18.46% | 11.55% | -1.21% | -14.47% | -8.18% | Upgrade
|
| D&A For EBITDA | 11.71 | 4.71 | 2.95 | 3.16 | 4.36 | Upgrade
|
| EBIT | 133.71 | 84.13 | -11.26 | -92.62 | -45.48 | Upgrade
|
| EBIT Margin | 16.97% | 10.94% | -1.63% | -14.98% | -9.04% | Upgrade
|
| Effective Tax Rate | 24.64% | - | 4.07% | - | - | Upgrade
|
| Advertising Expenses | 51.9 | 57.1 | 83.2 | 121.2 | 90.8 | Upgrade
|
Source: S&P Capital IQ. Standard template. Financial Sources.