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Industrials - Staffing & Employment Services - NASDAQ - US
$ 13.43
-1.27 %
$ 1.77 B
Market Cap
7.97
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jul, 21, 2025.

The intrinsic value of one UPWK stock under the worst case scenario is HIDDEN Compared to the current market price of 13.4 USD, Upwork Inc. is HIDDEN

This DCF valuation model was last updated on Jul, 21, 2025.

The intrinsic value of one UPWK stock under the base case scenario is HIDDEN Compared to the current market price of 13.4 USD, Upwork Inc. is HIDDEN

This DCF valuation model was last updated on Jul, 21, 2025.

The intrinsic value of one UPWK stock under the best case scenario is HIDDEN Compared to the current market price of 13.4 USD, Upwork Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart UPWK

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$18.0$18.0$17.0$17.0$16.0$16.0$15.0$15.0$14.0$14.0$13.0$13.0$12.0$12.0$11.0$11.0Feb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '2515 Jun15 JunJul '25Jul '2515 Jul15 Jul
FINANCIALS
769 M REVENUE
11.64%
65.2 M OPERATING INCOME
679.09%
216 M NET INCOME
359.80%
154 M OPERATING CASH FLOW
464.13%
138 M INVESTING CASH FLOW
55.85%
-82 M FINANCING CASH FLOW
28.30%
193 M REVENUE
0.64%
38.7 M OPERATING INCOME
184.84%
37.7 M NET INCOME
-74.36%
37 M OPERATING CASH FLOW
335.45%
-5.22 M INVESTING CASH FLOW
75.17%
-13.1 M FINANCING CASH FLOW
-116.56%
Balance Sheet Upwork Inc.
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Current Assets 911 M
Cash & Short-Term Investments 622 M
Receivables 75.5 M
Other Current Assets 213 M
Non-Current Assets 301 M
Long-Term Investments 0
PP&E 35.8 M
Other Non-Current Assets 265 M
51.34 %6.23 %17.62 %2.96 %21.85 %Total Assets$1.2b
Current Liabilities 268 M
Accounts Payable 6.13 M
Short-Term Debt 1.62 M
Other Current Liabilities 261 M
Non-Current Liabilities 368 M
Long-Term Debt 367 M
Other Non-Current Liabilities 308 K
40.97 %57.76 %Total Liabilities$636.2m
EFFICIENCY
Earnings Waterfall Upwork Inc.
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Revenue 769 M
Cost Of Revenue 174 M
Gross Profit 595 M
Operating Expenses 530 M
Operating Income 65.2 M
Other Expenses -150 M
Net Income 216 M
800m800m700m700m600m600m500m500m400m400m300m300m200m200m100m100m00769m(174m)595m(530m)65m150m216mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
77.37% GROSS MARGIN
77.37%
8.48% OPERATING MARGIN
8.48%
28.02% NET MARGIN
28.02%
37.47% ROE
37.47%
17.79% ROA
17.79%
16.45% ROIC
16.45%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Upwork Inc.
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160m160m140m140m120m120m100m100m80m80m60m60m40m40m20m20m00(20m)(20m)201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 216 M
Depreciation & Amortization 17.6 M
Capital Expenditures -3.53 M
Stock-Based Compensation 68.4 M
Change in Working Capital -15 M
Others -15 M
Free Cash Flow 150 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Upwork Inc.
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Wall Street analysts predict an average 1-year price target for UPWK of $13.7 , with forecasts ranging from a low of $11 to a high of $15 .
UPWK Lowest Price Target Wall Street Target
11 USD -18.09%
UPWK Average Price Target Wall Street Target
13.7 USD 1.76%
UPWK Highest Price Target Wall Street Target
15 USD 11.69%
Price
Max Price Target
Min Price Target
Average Price Target
18181717161615151414131312121111101099Sep '24Sep '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26Jul '26Jul '26
4. DIVIDEND ANALYSIS
5. COMPETITION
slide 2 of 5
6. Ownership
Insider Ownership Upwork Inc.
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Sold
0-3 MONTHS
13.6 M USD 7
3-6 MONTHS
3.28 M USD 5
6-9 MONTHS
3.79 M USD 5
9-12 MONTHS
1.89 M USD 5
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Upwork to Report Second Quarter Financial Results on August 6, 2025 PALO ALTO, Calif., July 15, 2025 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, today announced that it will report its financial results for the second quarter of 2025 on Wednesday, August 6, 2025 after market close. The company will host a Q&A conference call to discuss these results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. globenewswire.com - 1 week ago
Upwork: Cheaper Than You Think Upwork delivered strong Q1 results, with record EBITDA margin, robust free cash flow, and the first GSV growth in six quarters, aided by AI-driven features. Shares trade at just over 11x forward earnings and 2.2x sales—well below historical averages and that of the S&P 500, making valuation attractive. Upwork boasts a healthy balance sheet with $620M in cash, low net debt, and a 10% free cash flow yield when net cash is considered. seekingalpha.com - 1 week ago
Upwork Research Reveals New Insights Into the AI-Human Work Dynamic PALO ALTO, Calif., July 09, 2025 (GLOBE NEWSWIRE) -- Upwork Inc.  (Nasdaq: UPWK), the world's work marketplace, today released a study by the Upwork Research Institute revealing that AI is not just accelerating productivity, but also moving from being a tool to a teammate, reshaping how organizations design roles, build teams, and sustain human connection in the workplace. globenewswire.com - 2 weeks ago
Upwork or Fiverr? Picking the Winner in the Freelance Race UPWK dips while FVRR rallies in the past 3 months, but Upwork's AI-first pivot and record Q1 profits give it the edge in the freelance platform race. zacks.com - 3 weeks ago
Upwork Establishes Economic Advisory Council to Deepen Understanding of AI's Impact on Work Council brings together leading academics from MIT, Stanford and Georgetown to advise on AI-human workforce design, identify labor market shifts, and guide Upwork's AI-powered evolution PALO ALTO, Calif., June 30, 2025 (GLOBE NEWSWIRE) -- Upwork Inc.  (Nasdaq: UPWK), the world's work marketplace, today announced the formation of the Upwork Economic Advisory Council, a group of preeminent economists, scientists, and researchers who will provide strategic guidance to the company as it advances its human and AI-powered platform to better serve customers around the world in getting work done. globenewswire.com - 3 weeks ago
Top Staffing Stocks to Buy Amid AI Adoption and Flexible Work Trends Staffing stocks like PCTY, PEGA, and UPWK are gaining traction as AI, flexibility and skills-based hiring reshape the job market. zacks.com - 4 weeks ago
Upwork's GSV Per Client Rises: What's Fueling It and Can It Last? UPWK's GSV per client grows year over year for the first time in six quarters in Q1, fueled by AI work, premium plans and product upgrades. zacks.com - 1 month ago
Will Business Plus Become Upwork's Next Big Growth Engine? UPWK's Business Plus plan is drawing bigger clients fast, doubling users with minimal marketing, and lifting average client spending on the platform. zacks.com - 1 month ago
Upwork Stock Down 18% YTD: Is This a Buying Opportunity? UPWK stock is down 18% YTD, but record Q1 results and surging AI adoption may signal a strong long-term opportunity. zacks.com - 1 month ago
Can Upwork's AI Push Set It Apart in the Freelance Economy? UPWK's AI tools are boosting proposal volumes, client conversions and earnings as competition heats up in the freelance space. zacks.com - 1 month ago
Upwork Quietly Becoming an AI Talent Powerhouse: Why it Matters UPWK is becoming a go-to source for AI talent, helping firms tackle complex projects beyond basic automation. zacks.com - 1 month ago
2 Undervalued Growth Stocks to Buy Growth stock investors have two excellent choices, which I present in this video. fool.com - 1 month ago
8. Profile Summary

Upwork Inc. UPWK

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COUNTRY US
INDUSTRY Staffing & Employment Services
MARKET CAP $ 1.77 B
Dividend Yield 0.00%
Description 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.
Contact 475 Brannan Street, Palo Alto, CA, 95054 https://www.upwork.com
IPO Date Oct. 3, 2018
Employees 600
Officers Mr. Olivier Marie Chief Accounting Officer, Treasurer & Controller Mr. Samuel Meehan Vice President of Investor Relations Mr. Brian Levey J.D. Chief Business Affairs & Legal Officer and Corporate Secretary Ms. Sunita Solao Chief People Officer Ms. Erica Gessert Chief Financial Officer Jacob McQuown Vice President II and Legal & Deputy General Counsel Ms. Hayden Brown President, Chief Executive Officer & Director Mr. Andrew Rabinovich Vice President, Head of AI & Machine Learning Mr. Dave Bottoms General Manager of Marketplace Mr. Peter Sanborn Vice President of Strategy, Corporate Development & Partnerships