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Upwork

(NASDAQ) UPWK

Current Price$9.60
Market Cap$1.14BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2018)-56%
5 Year-81%
1 Year-29%
1 Month+9%
Upwork last closing stock price
MetricPriceDate
Last closeUSD 9.242026-07-15
Upwork stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+7.94%USD 8.562026-07-08
1 month+8.96%USD 8.482026-06-15
3 month-16.46%USD 11.062026-04-16
Year to date-53.38%USD 19.822025-12-31
1 year-28.54%USD 12.932025-07-15
3 year-14.05%USD 10.752023-07-14
5 year-80.63%USD 47.702021-07-16
Since inception-56.37%USD 21.182018-10-03

Upwork Financials at a Glance

Market Cap

$1.14BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$790.56M

Net Income (TTM)

$109.16M

EPS (TTM)

$0.80

P/E Ratio

11.51

Dividend

$0.00

Beta (Volatility)

1.56 (High)

Price

$9.60

Volume

3,869,968.746

Open

$9.37

Previous Close

$9.59

Daily Range

$9.30 - $9.63

52-Week Range

$7.44 - $22.84

Estimated Earnings Date

Aug 5, 2026

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About Upwork

Upwork helps businesses hire skilled workers from around the world. People use the platform to find flexible jobs and grow. The site manages hiring, work tracking, and secure payments.

Marketplace and Management Tools

  • Marketplace: Online platform connecting businesses with freelancers across 130 work categories; generates revenue through service fees and advertisements.
  • Enterprise Solutions: Workforce management tools for large organizations under the Lifted brand; provides sourcing, compliance, and payment infrastructure.
  • Managed Services: End-to-end project delivery where the company takes responsibility for work outcomes for corporate clients.
  • Upwork Payroll: Service that allows businesses to hire independent talent as employees through third-party staffing providers.

Strategic Shifts and New Brands

  • Launched the enterprise-focused subsidiary Lifted in August 2025 to serve large corporate clients.
  • Acquired Bubty B.V. and Ascen Inc. to expand workforce management and payment capabilities for enterprise customers.
  • Announced a restructuring plan in October 2024 to realign business strategies and improve operational efficiency.
  • Changed the company name to Upwork in May 2015 after operating as Elance-oDesk.

How the Platform Stands Out

Upwork leverages a database of millions of transactions to power Uma, a proprietary artificial intelligence assistant that matches talent with project needs. The platform operates in over 180 countries and managed 4 billion dollars in total transaction value during 2025.

Performance by the Numbers

  • Free cash flow grew to 63.2 million dollars in Q4 2025, up 1267.8% year-over-year.
  • Operating income reached 28.3 million dollars in Q4 2025, an increase of 108.3% from Q4 2024.
  • Revenue reached 198.4 million dollars in Q4 2025, up 3.6% from the previous year.
  • Operating cash flow hit 63.7 million dollars in Q4 2025, an improvement of 650.4% from Q4 2024.

Bottom Line

Upwork has transitioned from a general freelancer site into a comprehensive workforce platform serving both startups and major corporations. Its focus on artificial intelligence and specialized enterprise services helps it adapt to changing global labor trends.

AI Generated • May 1, 2026

Industry

Professional Services

Employees

630

CEO

Hayden Brown

Headquarters

Palo Alto, CA 95054, US

UPWK Financials

Key Financial Metrics (TTM)

Gross Margin

77.54%

Operating Margin

15.60%

Net Income Margin

13.81%

Return on Equity

17.92%

Return on Capital

12.79%

Return on Assets

8.79%

Earnings Yield

8.69%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$1.14BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

123.52M

Volume

3.87M

Avg. Volume

4.02M

Financials (TTM)

Gross Profit

$612.97M

Operating Income

$123.34M

EBITDA

$174.18M

Operating Cash Flow

$234.31M

Capital Expenditure

-$10.21M

Free Cash Flow

$224.11M

Cash & ST Invst.

$579.73M

Total Debt

$379.48M

Upwork Performance Analysis

Upwork annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 618,318,00023.0%
20232023-12-31USD 689,136,00011.5%
20242024-12-31USD 769,325,00011.6%
20252025-12-31USD 787,784,0002.4%
Upwork sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-301.2%
Q32025-09-303.5%
Q42025-12-31-1.6%
Q12026-03-31-1.5%
Upwork annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -0.6955.7%
20232023-12-31USD 0.06N/A
20242024-12-31USD 1.522285.0%
20252025-12-31USD 0.84-45.1%
Upwork sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-11.1%
Q32025-09-30-12.5%
Q42025-12-31-47.6%
Q12026-03-31118.2%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$195.48M

+1.4%

Gross Profit

$150.84M

-0.0%

Gross Margin

77.16%

N/A

Market Cap

$1.14BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$1.81M

N/A

Employees

630

N/A

Net Income

$31.46M

-16.6%

EBITDA

$47.91M

-4.3%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$579.73M

-6.8%

Total Debt

$379.48M

+2.4%

Accounts Receivable

$75.91M

-2.6%

Inventory

$0.00

N/A

Long Term Debt

$15.20M

-95.9%

Short Term Debt

$364.28M

+22166.5%

Return on Assets

8.79%

N/A

Return on Invested Capital

20.74%

N/A

Free Cash Flow

$21.30M

-30.8%

Operating Cash Flow

$23.02M

-37.7%

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Questions About UPWK

What is the current price of Upwork?

Upwork is trading at $9.59 per share.

What is the 52-week range for Upwork?

Over the past 52 weeks, Upwork has traded between $7.44 and $22.84.

How much debt does Upwork have?

As of the most recent reporting period, Upwork reported total debt of $379.48M.

How much cash does Upwork have on hand?

Upwork reported $328.40M in cash and cash equivalents in its most recent financial results.

What is Upwork’s dividend yield?

Upwork does not currently have a dividend yield.

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