UPWKNasdaqServices-Computer Processing & Data PreparationFiscal year ends December 31

UPWORK, INC

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026

$8.52+0.09 (+1.07%)

Close on Oct 19, 2026

Market cap: $1.11B
P/E (TTM): 11.2
Dividend yield: –

UPWORK, INC income statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31
Revenue	788	769	689	618	503	374	301	253	203	164
Cost of Revenue	175	174	170	160	136	104	88	81	65	63
Gross Profit	613	595	519	458	367	269	212	172	137	102
Research & Development	186	209	177	155	119	83	64	55	46	38
Selling, General & Admin	290	314	340	371	296	205	163	122	90	73
Selling & Marketing	143	185	221	247	183	133	96	73	53	37
General & Administrative	147	129	119	124	113	72	67	49	37	35
Advertising Expenses	52	57	83	121	91	51	37	24	15	11
Operating Expenses	484	530	530	551	422	292	231	184	140	116
Operating Income	129	65	-11	-93	-54	-22	-19	-12	-3.12	-14
Interest Expense	–	–	–	4.48	2.18	0.78	1.31	2.04	0.96	0.86
Interest & Investment Income	27	28	24	7.90	–	–	–	–	–	–
Other Non-Operating Income	24	25	60	3.28	-1.90	0.47	3.41	-6.14	-0.06	-0.91
Asset Impairment Charges	0	0	0	0	8.74	0	0	0	–	–
Gain (Loss) on Sale of Assets	–	–	–	0	0	-0.04	-0.01	-0.09	-0.07	-0.03
Pretax Income	153	90	49	-89	-56	-23	-17	-20	-4.15	-16
Income Tax Expense	38	-125	1.99	0.54	0.12	0.15	0.03	0.02	-0.02	0.00
Net Income incl. Noncontrolling Interests	115	216	47	-90	-56	-23	-17	-20	-4.12	-16
Net Income	115	216	47	-90	-56	-23	-17	-20	-4.12	-16
Preferred Dividends	–	–	–	–	–	–	–	–	0	–
Net Income to Common	115	216	47	-90	-56	–	-17	-20	-11	-16
EPS (Basic)(per share)	0.87	1.61	0.35	-0.69	-0.44	-0.19	-0.15	-0.38	-0.32	-0.51
EPS (Diluted)(per share)	0.84	1.52	0.06	-0.69	-0.44	-0.19	-0.15	-0.38	-0.32	-0.51
Shares Outstanding (Basic, Weighted)(shares)	132	134	135	131	127	119	110	52	33	32
Shares Outstanding (Diluted, Weighted)(shares)	141	143	137	131	127	119	110	52	33	32
EBITDA	155	80	-1.81	-85	–	–	–	–	–	–
Net Interest Income	–	–	24	7.90	0.30	–	–	–	–	–
Provision for Credit Losses	6.71	5.51	8.67	23	5.18	–	–	–	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: 77.2%
Operating margin: 15.1%
Net margin: 12.9%
Return on equity, FY2025: 19.1%

Financial strength

Current ratio: 1.42
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 74.6%

Valuation

P/E ratio: 11.2
Price to sales: 1.41
Price to book: 1.81
Dividend yield: –