Upwork Inc.
NASDAQ•UPWK
CEO: Ms. Hayden Brown
Sector: Industrials
Industry: Staffing & Employment Services
Listing Date: 2018-10-03
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 administrative support, sales and marketing, design and creative, and customer service, as well as 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 Payroll and Upwork Enterprise, as well as managed and escrow 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 Information
Market Cap
$1.74B
P/E (TTM)
15.1
20.9
Dividend Yield
--
52W High
$22.84
52W Low
$11.13
52W Range
Rank55Top 80.0%
2.6
F-Score
Modified Piotroski Analysis
Based on 9-year fundamentals
Weak • 2.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2017-2025
Financial Dashboard
Q4 2025 Data
Revenue
$198.41M+0.00%
4-Quarter Trend
EPS
$0.12+0.00%
4-Quarter Trend
FCF
$63.25M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Adjusted EBITDA Surges Adjusted EBITDA reached $225.6M in 2025, marking a strong 35% increase driven by recent cost-saving measures.
Marketplace Revenue Grows Marketplace revenue increased 3% to $682.9M in 2025; take rate expanded 69 basis points to 18.7%.
GSV Stable Amid Client Drop Total GSV was $4.03B in 2025, up 1%, despite active clients decreasing 6% to 785K.
Enterprise Revenue Declines Enterprise revenue fell 2% to $104.9M as focus shifted to integrating and transitioning clients to Lifted.
Risk Factors
Community Attraction Dependency Growth hinges on attracting and retaining talent and clients cost-effectively; failure impacts operating results and financial condition.
Evolving Strategy Uncertainty Continuous evolution of business strategy, offerings, and pricing models creates difficulty evaluating future prospects.
Security Breach Exposure Security breach, hacking, or malware attack could harm reputation, disrupt operations, and incur significant legal liabilities.
Enterprise Client Loss Risk Loss of significant Enterprise clients or failure to retain talent due to quality/pricing issues adversely impacts revenue.
Outlook
Lifted Enterprise Expansion Strategic focus on expanding Lifted Enterprise solutions to serve broader client segments and complex contingent work needs.
AI Capabilities Advancement Continued investment in AI capabilities, including Uma assistant, enhances productivity for both talent and clients across platforms.
Cost Optimization Focus Expense reductions in R&D ($23.7M) and Sales/Marketing ($41.8M) reflect ongoing cost-saving efforts for efficiency.
Capital Needs Assessment Monitoring debt market conditions and evaluating refinancing options ahead of upcoming convertible senior notes maturities in 2026.
Peer Comparison
Revenue (TTM)
$6.81B
$5.38B
$3.73B
Gross Margin (Latest Quarter)
78.0%
40.9%
37.6%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| SBLK | $2.81B | 33.2 | 3.5% | 28.2% |
| TRN | $2.66B | 10.5 | 24.5% | 64.6% |
| BWLP | $2.63B | 10.8 | 13.5% | 31.4% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.0%
Moderate Growth
4Q Net Income CAGR
-25.4%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow
Deep Research
Next earnings:May 4, 2026
EPS:$0.25
|Revenue:$196.22M
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
|---|
No Data