UPWK
Upwork Inc.
NASDAQ · Industrials · Staffing & Employment Services · US
$8.79
−4.35%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 787.3M | 787.8M | 769.3M | 689.1M | 618.3M |
| Cost of Revenue | 179.4M | 174.8M | 174.1M | 170.4M | 160.4M |
| Gross Profit | 607.8M | 613.0M | 595.2M | 518.7M | 457.9M |
| Operating Expenses | |||||
| R&D Expense | 185.6M | 189.3M | 209.3M | 177.4M | 154.6M |
| SG&A Expense | 296.4M | 288.1M | 314.0M | 339.6M | 370.8M |
| General & Admin Expense | 153.1M | 144.7M | 128.8M | 118.9M | 124.0M |
| Selling & Marketing Expense | 143.3M | 143.4M | 185.2M | 220.7M | 246.9M |
| Other Expenses | 7.0M | 6.2M | 6.7M | 13.0M | 25.2M |
| Total Operating Expenses | 488.9M | 483.7M | 530.0M | 529.9M | 550.5M |
| Cost and Expenses | 668.4M | 658.5M | 704.1M | 700.4M | 710.9M |
| Operating Income (EBIT) | 118.9M | 129.3M | 65.2M | (11.3M) | (92.6M) |
| Non-Operating | |||||
| Interest Income | 21.4M | 13.5M | 30.7M | — | — |
| Interest Expense | 2.0M | 700.0K | 2.7M | — | 4.5M |
| Net Interest Income | 19.4M | 12.8M | 28.0M | — | (4.5M) |
| Other Non-Op Income/Expense | 20.6M | 23.9M | 25.2M | 60.1M | 3.3M |
| Non-Operating Income (excl Interest) | (21.3M) | (11.7M) | (27.9M) | (60.1M) | (7.8M) |
| EBT (Pre-Tax Income) | 139.5M | 153.2M | 90.4M | 48.9M | (89.3M) |
| Income Tax Expense | 37.7M | 37.8M | (125.2M) | 2.0M | 536.0K |
| Bottom Line | |||||
| Net Income | 101.8M | 115.4M | 215.6M | 46.9M | (89.9M) |
| Earnings from Cont. Ops | 101.8M | 115.4M | 215.6M | 46.9M | (89.9M) |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 103.3M | 117.5M | 217.8M | 46.9M | (89.9M) |
| Per Share | |||||
| Basic EPS | $0.80 | $0.87 | $1.61 | $0.35 | ($0.69) |
| Diluted EPS | $0.76 | $0.83 | $1.52 | $0.34 | ($0.69) |
| Revenue Per Share | $6.35 | $6.03 | $5.76 | $5.11 | $4.74 |
| Shares | |||||
| Basic Shares Outstanding | 123.9M | 130.6M | 133.6M | 134.8M | 130.5M |
| Diluted Shares Outstanding | 130.0M | 139.4M | 143.2M | 137.3M | 130.5M |
| Profitability Metrics | |||||
| EBITDA | 169.9M | 163.5M | 110.8M | 61.6M | (73.7M) |
| D&A | 29.6M | 22.5M | 17.6M | 12.7M | 11.1M |
| EBIT | 140.2M | 141.0M | 93.1M | 48.9M | (84.9M) |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026