UPWK - NASDAQ
Upwork Inc.
$8.98
-4.7%Upwork Inc., together with its subsidiaries, operates a work marketplace that connects businesses with various independent professionals and agencies in the United States, India, the Philippines, and internationally. The company's work marketplace provides access to talent with various skills across a range of categories, including sales and marketing, customer service, data science and analytics, design and creative, web, mobile, and software development. Its work marketplace also enables clients to streamline workflows, such as talent sourcing, outreach, and contracting. The company's work marketplace offers access to various functionalities for remote engagements with talent, including communication and collaboration, ability to receive talent invoices through their work marketplace, and payment protection. Its marketplace offerings include Upwork Basic, Upwork Plus, Upwork Enterprise, and Upwork Payroll, as well as managed and internet escrow agency services. The company was formerly known as Elance-oDesk, Inc. and changed its name to Upwork Inc. in May 2015. Upwork Inc. was incorporated in 2013 and is headquartered in San Francisco, California.
At a Glance
Live SnapshotUpwork Inc. Profit Bridge
Profitability Analysis
Gross Margin
Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.
Operating Margin
Healthy operating margins demonstrate effective cost control and strong business fundamentals.
Net Profit Margin
Strong net margins indicate efficient operations and favorable tax/interest management.
Effective Tax Rate
Moderate tax rate typical for most corporations. Represents standard tax burden on profits.
Profitability Insight
High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.
Upwork Inc. Income Statement
UPWK • NASDAQ
| Upwork Inc. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||
787.8M | 769.3M | 689.1M | 618.3M | 502.8M | 373.6M | 300.6M | 253.4M | 202.6M | 164.4M | |
GROSS PROFIT | ||||||||||
(174.8M) | (174.1M) | (170.5M) | (160.4M) | (135.5M) | (104.3M) | (88.1M) | (81.5M) | (65.4M) | (62.6M) | |
613M | 595.2M | 518.7M | 457.9M | 367.3M | 269.4M | 212.4M | 171.9M | 137.1M | 101.9M | |
OPERATING INCOME | ||||||||||
(483.7M) | (530M) | (529.9M) | (550.5M) | (421.5M) | (291.8M) | (231.2M) | (183.6M) | (140.2M) | (116.3M) | |
(288.1M) | (314M) | (339.6M) | (370.8M) | (296.4M) | (204.7M) | (163.2M) | (122.3M) | (90.4M) | (72.9M) | |
(189.3M) | (209.3M) | (177.4M) | (154.6M) | (119.1M) | (83.5M) | (64M) | (55.5M) | (45.6M) | (37.9M) | |
129.3M | 65.2M | -11.3M | -92.6M | -54.2M | -22.4M | -18.7M | -11.7M | -3.1M | -14.5M | |
PRE-TAX INCOME | ||||||||||
(700K) | (2.7M) | (0.0) | (4.5M) | (2.2M) | (778K) | (1.3M) | (2M) | (960K) | (858K) | |
12.8M | 28M | 0.0 | -4.5M | -2.2M | -778K | -1.3M | -2M | -960K | -858K | |
(6.2M) | (6.7M) | (13M) | (25.2M) | (6M) | (3.6M) | (3.9M) | -6.1M | -62K | -908K | |
23.9M | 25.2M | 60.1M | 3.3M | -1.9M | -309K | 2.1M | -8.2M | -1M | -1.8M | |
153.2M | 90.4M | 48.9M | -89.3M | -56.1M | -22.7M | -16.6M | -19.9M | -4.1M | -16.2M | |
NET INCOME | ||||||||||
(37.8M) | -125.2M | (2M) | (536K) | (122K) | (150K) | (28K) | (15K) | -22K | -1K | |
115.4M | 215.6M | 46.9M | -89.9M | -56.2M | -22.9M | -16.7M | -19.9M | -4.1M | -16.2M |
SEC Filings
UPWK - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
10-Q 10-Q 2026 Q1 Q1 | May 07, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 07, 2026 | May 07, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 23, 2026 | June 04, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 18, 2026 | March 12, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 18, 2026 | February 18, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 13, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 09, 2026 | February 03, 2026 | 2026 | |
8-K 8-K 2025 N/A | December 11, 2025 | December 08, 2025 | 2025 | |
10-Q 10-Q 2025 Q3 Q3 | November 04, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | November 03, 2025 | November 03, 2025 | 2025 |
Related Guides
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Research Paths
Snapshot
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Value Model
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Statements
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Earnings Call
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Dividends
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Analyst Expectations
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