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 statistics
Financials through Jun 30, 2026, price as of Oct 19, 2026, median of Services-Computer Processing & Data Preparation companies for comparison
Valuation
| Measure | Upwork | Industry median |
|---|---|---|
| Market Cap | $1.06B | $283.76M |
| Enterprise Value | $810.62M | $296.20M |
| PE Ratio | 11.21 | 25.42 |
| PS Ratio | 1.35 | 2.36 |
| PB Ratio | 1.74 | 2.67 |
| P/TBV Ratio | 2.47 | 4.90 |
| P/FCF Ratio | 5.21 | 15.01 |
| P/OCF Ratio | 5.10 | 13.05 |
Enterprise value
| Measure | Upwork | Industry median |
|---|---|---|
| EV / Sales | 1.03 | 2.14 |
| EV / EBITDA | 5.34 | 16.16 |
| EV / EBIT | 6.82 | 21.55 |
| EV / FCF | 3.97 | 15.07 |
Income (trailing twelve months)
| Measure | Upwork | Industry median |
|---|---|---|
| Revenue | $787.28M | $289.17M |
| Gross Profit | $607.84M | $161.98M |
| Operating Income | $118.91M | -$613.24K |
| Pretax Income | $139.54M | -$294.07K |
| Net Income | $101.83M | -$301.07K |
| EBITDA | $151.76M | -$156.35K |
| EPS (Diluted) | $0.76 | $0.00 |
Margins
| Measure | Upwork | Industry median |
|---|---|---|
| Gross Margin | 77.2% | 55.8% |
| Operating Margin | 15.1% | -1.81% |
| Pretax Margin | 17.7% | -0.50% |
| Profit Margin | 12.9% | -1.80% |
| EBITDA Margin | 19.3% | 0.60% |
| FCF Margin | 26.0% | 10.0% |
Returns
| Measure | Upwork | Industry median |
|---|---|---|
| Return on Equity (ROE) | 16.7% | 0.83% |
| Return on Assets (ROA) | 8.03% | -2.82% |
| Return on Invested Capital (ROIC) | 36.6% | -0.05% |
| Return on Capital Employed (ROCE) | 18.7% | -0.44% |
Growth
| Measure | Upwork | Industry median |
|---|---|---|
| Revenue Growth (YoY) | 1.86% | 9.72% |
| Net Income Growth (YoY) | -58.5% | 7.14% |
| EPS Growth (YoY) | -54.8% | 8.91% |
| FCF Growth (YoY) | 1.48% | 17.2% |
| Revenue Growth (3Y CAGR) | 8.41% | 7.66% |
| Revenue Growth (5Y CAGR) | 16.1% | 12.4% |
Balance sheet
| Measure | Upwork | Industry median |
|---|---|---|
| Cash & Short-Term Investments | $614.24M | $43.42M |
| Total Debt | $360.69M | $204.00M |
| Net Cash (Debt) | $253.55M | $2.04M |
| Net Cash Per Share | $2.03 | $0.15 |
| Equity (Book Value) | $611.27M | $52.29M |
| Book Value Per Share | $4.89 | $1.93 |
| Tangible Book Value | $430.76M | $3.06M |
| Working Capital | $270.74M | $15.22M |
Financial position
| Measure | Upwork | Industry median |
|---|---|---|
| Current Ratio | 1.42 | 1.40 |
| Quick Ratio | 1.08 | 0.94 |
| Debt / Equity | 0.59 | 0.53 |
| Debt / EBITDA | 2.38 | 2.78 |
| Debt / FCF | 1.76 | 2.83 |
| Net Debt / EBITDA | -1.67 | 1.50 |
Cash flow (trailing twelve months)
| Measure | Upwork | Industry median |
|---|---|---|
| Operating Cash Flow | $208.67M | $8.52M |
| Capital Expenditures | -$4.28M | -$5.56M |
| Free Cash Flow | $204.40M | $43.71M |
| FCF Per Share | $1.64 | $0.69 |
Efficiency
| Measure | Upwork | Industry median |
|---|---|---|
| Asset Turnover | 0.62 | 0.64 |
| Revenue Per Employee | $1.25M | $392.99K |
| Profits Per Employee | $161.64K | -$4.47K |
| Employee Count | 630 | 531 |
Dividends and yields
| Measure | Upwork | Industry median |
|---|---|---|
| Earnings Yield | 9.57% | -0.92% |
| FCF Yield | 19.2% | 4.02% |
| Buyback Yield | 16.4% | 3.11% |
| Shareholder Yield | 16.4% | 3.32% |
Shares
| Measure | Upwork | Industry median |
|---|---|---|
| Shares Outstanding | 124,903,000 | 58,826,100 |
| Shares Change (YoY) | -4.89% | 2.21% |
| Shares Change (QoQ) | 0.99% | 0.06% |
| Float | 120,966,000 | 52,938,050 |
| Shares Held by Insiders | 3.15% | 13.2% |
| Shares Held by Institutions | 101.3% | 66.9% |
Taxes
| Measure | Upwork | Industry median |
|---|---|---|
| Income Tax | $37.71M | $1.69M |
| Effective Tax Rate | 27.0% | 22.0% |
Scores
| Measure | Upwork | Industry median |
|---|---|---|
| Graham Number | $9.15 | $15.96 |
| Graham Upside | 7.37% | -55.7% |
| Altman Z-Score | 2.25 | 1.50 |
| Piotroski F-Score | 6 | 5 |
| Beneish M-Score | -2.92 | -2.80 |
Calculated by StockData from Upwork's SEC filings and the latest closing price. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.