Upwork, Inc. (UPWK)
NASDAQIndustrialsStaffing & Employment ServicesSnapshot 2026-09-04
$8.79-4.35%
Close 2026-09-04 · 1-day change
NASDAQIndustrialsStaffing & Employment ServicesSnapshot 2026-09-04
QuarterlyIQ Insights · UPWK
Income statement, balance sheet, and cash flow — annual and quarterly history, as reported.
Figures in millions of None, except per-share and ratios.
| TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||
| Revenues | 787.3 | 787.8 | 769.3 | 689.1 | 618.3 | 502.8 | 373.6 | 300.6 | 253.4 |
| Cost of Revenues | 179.4 | 174.8 | 174.1 | 170.5 | 160.4 | 135.5 | 104.3 | 88.1 | 81.5 |
| Gross Profit | 607.8 | 613.0 | 595.2 | 518.7 | 457.9 | 367.3 | 269.4 | 212.4 | 171.9 |
| Operating Expenses & Income | |||||||||
| R&D Expenses | 181.8 | 185.5 | 209.3 | 177.4 | 154.6 | 119.1 | 83.5 | 64.0 | 55.5 |
| Operating Income | 118.9 | 129.3 | 65.2 | (11.3) | (92.6) | (54.2) | (22.4) | (18.7) | (11.7) |
| Earnings from Continuing Operations | |||||||||
| Interest Expense | — | — | — | — | 4.5 | 2.2 | 0.8 | 1.3 | 2.0 |
| Interest & Investment Income | 24.4 | 27.4 | 28.0 | 24.4 | 7.9 | — | — | — | — |
| Net Interest Expenses | — | — | — | — | (3.4) | — | — | — | — |
| Asset Writedown | — | — | — | 0.0 | 0.0 | 8.7 | 0.0 | — | — |
| EBT, Incl. Unusual Items | 139.5 | 153.2 | 90.4 | 48.9 | (89.3) | (56.1) | (22.7) | (16.6) | (19.9) |
| Income Tax Expense | 37.7 | 37.8 | (125.2) | 2.0 | 0.5 | 0.1 | 0.2 | 0.0 | 0.0 |
| Net Income | |||||||||
| Net Income | 101.8 | 115.4 | 215.6 | 46.9 | (89.9) | (56.2) | (22.9) | (16.7) | (19.9) |
| Per Share | |||||||||
| Basic EPS | 0.82 | 0.87 | 1.61 | 0.35 | (0.69) | (0.44) | (0.19) | — | — |
| Diluted EPS | 0.78 | 0.84 | 1.52 | 0.06 | (0.69) | (0.44) | (0.19) | — | — |
| Revenue per Share | 6.06 | — | — | — | — | — | — | — | — |
| Basic Weighted Avg Shares | 123.9 | 132.5 | 133.6 | 134.8 | 130.5 | 127.2 | 118.7 | — | — |
| Diluted Weighted Avg Shares | 130.0 | 140.7 | 143.2 | 137.3 | 130.5 | 127.2 | 118.7 | — | — |
| Supplemental | |||||||||
| EBITDA | — | 155.0 | 80.0 | (1.8) | (84.6) | — | — | — | — |
| EBIT | 118.9 | 129.3 | 65.2 | (11.3) | (92.6) | (54.2) | (22.4) | (18.7) | (11.7) |
| Effective Tax Rate | 27.0% | — | — | 4.1% | -0.6% | -0.2% | -0.7% | -0.2% | -0.1% |
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.