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Upwork Inc.

$8.72 -$11.12 (-56.07%)
NASDAQ · 14 Sep 2026 15:45 UTC
Previous Close
$8.72
Day Range
$8.64$8.94
Year Range
$7.44$22.84
Market Cap
1.08B
AVG Volume
3.86M
Trailing/Forward PE
10.92/6.39
PEG ratio
-6.04
Dividend Yield
-
Next Earnings Date
2026-11-02
Primary Exchange
NASDAQUS
Revenue (USD)
0200M400M600M800M201720182019202020212022202320242025
UPWK Revenue (USD) by year
PeriodRevenue (USD)
2025787.78M
2024769.33M
2023689.14M
2022618.32M
2021502.8M
2020373.63M
2019300.56M
2018253.35M
2017203.57M
Net Income (USD)
-100M0100M200M300M201720182019202020212022202320242025
UPWK Net Income (USD) by year
PeriodNet Income (USD)
2025115.42M
2024215.59M
202346.89M
2022-89.89M
2021-56.24M
2020-22.87M
2019-16.66M
2018-19.91M
2017-2.95M
Operating Income (USD)
-100M0100M200M201720182019202020212022202320242025
UPWK Operating Income (USD) by year
PeriodOperating Income (USD)
2025129.31M
202465.21M
2023-11.26M
2022-92.62M
2021-54.22M
2020-22.41M
2019-18.73M
2018-11.71M
2017-1.9M
EBITDA (USD)
-100M0100M200M201720182019202020212022202320242025
UPWK EBITDA (USD) by year
PeriodEBITDA (USD)
2025176.35M
2024108.08M
20231.46M
2022-73.73M
2021-40.13M
2020-7.91M
2019-5.14M
2018-12.73M
20172.03M
Cash Flows (USD)
-100M0100M200M300M201720182019202020212022202320242025
UPWK Cash Flows (USD) by year
PeriodCash Flows (USD)
2025233.6M
2024139.12M
202310.87M
2022-2.17M
20214.7M
20208M
2019-15.58M
20186.9M
2017-6.08M
EPS (USD)
-1012201720182019202020212022202320242025
UPWK EPS (USD) by year
PeriodEPS (USD)
20250.83
20241.53
20230.07
2022-0.69
2021-0.44
2020-0.2
2019-0.14
2018-0.2
20170.02
Expenses (USD)
0200M400M600MR&DSG&ACapex201720182019202020212022202320242025
UPWK Expenses (USD) by year
PeriodExpenses (USD)
2025492.14M
2024537.74M
2023533.32M
2022534.12M
2021421.6M
2020302.58M
2019243.88M
2018184.63M
2017137.39M
Cash & Debt (USD)
0200M400M600M800MCashLong Term DebtShort Term Debt201720182019202020212022202320242025
UPWK Cash & Debt (USD) by year
PeriodCash & Debt (USD)
2025676.38M
2024622.1M
2023550.1M
2022686.61M
2021684.77M
2020169.65M
2019133.87M
2018129.13M
201721.59M
Debt ratios
-200204060202020212022202320242025
UPWK Debt ratios by year
PeriodDebt ratios
2025-1.39
202458.47
20231.51
20220.82
20211.52
20205.67
Margins
0%20%40%60%80%201720182019202020212022202320242025
UPWK Margins by year
PeriodMargins
202577.82%
202477.37%
202375.27%
202274.06%
202173.05%
202072.09%
201970.67%
201867.85%
201767.63%
Return on Capital
-40%-20%0%20%40%201720182019202020212022202320242025
UPWK Return on Capital by year
PeriodReturn on Capital
202518.31%
202437.47%
202312.3%
2022-36.12%
2021-21.67%
2020-7.64%
2019-6.42%
2018-8.17%
20179.41%
Shares Outstanding
050M100M150M201720182019202020212022202320242025
UPWK Shares Outstanding by year
PeriodShares Outstanding
2025130.62M
2024134.26M
2023136.62M
2022131.82M
2021127.54M
2020123.4M
2019112.69M
2018103.36M
201795.93M
Book Value Per Share (USD)
-20246201720182019202020212022202320242025
UPWK Book Value Per Share (USD) by year
PeriodBook Value Per Share (USD)
20254.83
20244.29
20232.79
20221.89
20212.03
20202.43
20192.3
20182.36
2017-0.33
Total Assets (USD)
0500M1B1.5B201720182019202020212022202320242025
UPWK Total Assets (USD) by year
PeriodTotal Assets (USD)
20251.3B
20241.21B
20231.04B
20221.08B
20211.08B
2020529.23M
2019446.38M
2018391.57M
2017275.19M
Employee Count
02505007501K20182019202020212022202320242025
UPWK Employee Count by year
PeriodEmployee Count
2025630
2024600
2023800
2022850
2021650
2020540
2019570
2018430
PE Ratio
51015202530med 10.36Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
UPWK PE Ratio by year
PeriodPE Ratio
Sep 2610.61
Sep 2610.7
Aug 2610.98
Aug 2610.48
Aug 2610.33
Aug 2611.35
Jul 2610.75
Jul 2610.36
Jul 2610.63
Jul 2610.35
Jul 2610.75
Jun 269.78
Jun 269.45
Jun 269.96
Jun 2610.28
May 2610.35
May 2610.33
May 269.59
May 2610.35
May 2611.87
Apr 2612.03
Apr 2612.75
Apr 2612.06
Apr 2612.38
Mar 2612.3
Mar 2612.76
Mar 2613.82
Mar 2614.99
Feb 2615.19
Feb 2614.9
Feb 2614.97
Feb 2610.5
Jan 2611.11
Jan 2612.26
Jan 2611.02
Jan 2611.12
Jan 2611
Dec 2511.56
Dec 2511.43
Dec 2512.18
Dec 2511.14
Nov 2510.95
Nov 259.91
Nov 259.14
Nov 259.68
Oct 258.59
Oct 258.62
Oct 258.73
Oct 259.05
Oct 259.3
Sep 2510.32
Sep 2510.81
Sep 259.08
Sep 258.72
Aug 258.29
Aug 258.04
Aug 257.43
Aug 257.09
Aug 256.76
Jul 257.55
Jul 257.62
Jul 257.44
Jul 257.85
Jun 257.85
Jun 257.56
Jun 257.96
Jun 258.87
May 258.92
May 259.07
May 259.92
May 259.72
May 258.4
Apr 258.43
Apr 257.93
Apr 258.03
Apr 257.39
Mar 258.23
Mar 258.45
Mar 257.85
Mar 258.82
Feb 259.92
Feb 259.73
Feb 2510.05
Feb 2524.37
Jan 2524.36
Jan 2525.15
Jan 2526.11
Jan 2524.17
Jan 2524.9
Dec 2426.18
Dec 2425.41
Dec 2426.11
Dec 2426.21
Nov 2426.23
Nov 2424.76
Nov 2423.04
Nov 2424.62
Nov 2424.71
Oct 2421.84
Oct 2418.19
Free Cash Flow Yield
0%5%10%15%20%25%med 8.43%Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
UPWK Free Cash Flow Yield by year
PeriodFree Cash Flow Yield
Sep 2618.44%
Sep 2618.29%
Aug 2617.82%
Aug 2618.67%
Aug 2618.94%
Aug 2618.09%
Jul 2619.1%
Jul 2619.81%
Jul 2619.31%
Jul 2619.84%
Jul 2619.1%
Jun 2621%
Jun 2621.73%
Jun 2620.61%
Jun 2619.97%
May 2619.84%
May 2619.88%
May 2621.41%
May 2619.84%
May 2617.05%
Apr 2616.82%
Apr 2615.87%
Apr 2616.78%
Apr 2616.35%
Mar 2616.45%
Mar 2615.85%
Mar 2614.65%
Mar 2613.5%
Feb 2613.33%
Feb 2613.58%
Feb 2613.52%
Feb 266.75%
Jan 266.38%
Jan 265.78%
Jan 266.43%
Jan 266.37%
Jan 266.44%
Dec 256.13%
Dec 256.2%
Dec 255.82%
Dec 256.36%
Nov 256.47%
Nov 257.15%
Nov 257.75%
Nov 257.32%
Oct 259.13%
Oct 259.1%
Oct 258.99%
Oct 258.67%
Oct 258.43%
Sep 257.6%
Sep 257.25%
Sep 258.63%
Sep 258.99%
Aug 259.46%
Aug 259.76%
Aug 2510.55%
Aug 2511.05%
Aug 259.93%
Jul 258.9%
Jul 258.82%
Jul 259.03%
Jul 258.55%
Jun 258.56%
Jun 258.88%
Jun 258.44%
Jun 257.58%
May 257.53%
May 257.41%
May 256.77%
May 256.91%
May 257.69%
Apr 257.65%
Apr 258.13%
Apr 258.03%
Apr 258.73%
Mar 257.84%
Mar 257.64%
Mar 258.22%
Mar 257.31%
Feb 256.5%
Feb 256.63%
Feb 256.42%
Feb 255.86%
Jan 255.86%
Jan 255.68%
Jan 255.47%
Jan 255.91%
Jan 255.74%
Dec 245.46%
Dec 245.62%
Dec 245.47%
Dec 245.45%
Nov 245.45%
Nov 245.77%
Nov 246.2%
Nov 245.8%
Nov 243.76%
Oct 244.25%
Oct 245.11%
Price to Sales
1234med 2.41Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
UPWK Price to Sales by year
PeriodPrice to Sales
Sep 261.37
Sep 261.38
Aug 261.42
Aug 261.36
Aug 261.34
Aug 261.57
Jul 261.48
Jul 261.43
Jul 261.47
Jul 261.43
Jul 261.48
Jun 261.35
Jun 261.3
Jun 261.38
Jun 261.42
May 261.43
May 261.43
May 261.32
May 261.43
May 261.74
Apr 261.76
Apr 261.87
Apr 261.77
Apr 261.81
Mar 261.8
Mar 261.87
Mar 262.02
Mar 262.2
Feb 262.23
Feb 262.18
Feb 262.19
Feb 263.32
Jan 263.51
Jan 263.88
Jan 263.49
Jan 263.52
Jan 263.48
Dec 253.66
Dec 253.61
Dec 253.85
Dec 253.52
Nov 253.46
Nov 253.13
Nov 252.89
Nov 253.06
Oct 252.73
Oct 252.74
Oct 252.77
Oct 252.87
Oct 252.95
Sep 253.28
Sep 253.43
Sep 252.88
Sep 252.77
Aug 252.63
Aug 252.55
Aug 252.36
Aug 252.25
Aug 252.06
Jul 252.3
Jul 252.32
Jul 252.27
Jul 252.39
Jun 252.39
Jun 252.3
Jun 252.43
Jun 252.7
May 252.72
May 252.76
May 253.02
May 252.96
May 252.35
Apr 252.36
Apr 252.22
Apr 252.25
Apr 252.07
Mar 252.31
Mar 252.37
Mar 252.2
Mar 252.47
Feb 252.78
Feb 252.73
Feb 252.82
Feb 252.75
Jan 252.74
Jan 252.83
Jan 252.94
Jan 252.72
Jan 252.8
Dec 242.95
Dec 242.86
Dec 242.94
Dec 242.95
Nov 242.95
Nov 242.79
Nov 242.6
Nov 242.77
Nov 242.47
Oct 242.18
Oct 241.82
EV/EBITDA
0204060med 12.93Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
UPWK EV/EBITDA by year
PeriodEV/EBITDA
Sep 264.95
Sep 265
Aug 265.17
Aug 264.87
Aug 264.79
Aug 265.96
Jul 265.59
Jul 265.34
Jul 265.51
Jul 265.34
Jul 265.59
Jun 264.98
Jun 264.77
Jun 265.09
Jun 265.29
May 265.34
May 265.32
May 264.86
May 265.34
May 266.09
Apr 266.2
Apr 266.67
Apr 266.22
Apr 266.43
Mar 266.38
Mar 266.68
Mar 267.37
Mar 268.14
Feb 268.26
Feb 268.08
Feb 268.12
Feb 2614.56
Jan 2615.51
Jan 2617.3
Jan 2615.37
Jan 2615.52
Jan 2615.34
Dec 2516.21
Dec 2516
Dec 2517.16
Dec 2515.55
Nov 2515.26
Nov 2513.65
Nov 2512.46
Nov 2513.29
Oct 2512.15
Oct 2512.2
Oct 2512.38
Oct 2512.9
Oct 2513.31
Sep 2514.95
Sep 2515.75
Sep 2512.95
Sep 2512.37
Aug 2511.67
Aug 2511.26
Aug 2510.29
Aug 259.74
Aug 259.95
Jul 2511.32
Jul 2511.44
Jul 2511.13
Jul 2511.85
Jun 2511.84
Jun 2511.35
Jun 2512.04
Jun 2513.62
May 2513.71
May 2513.97
May 2515.47
May 2515.11
May 2514.41
Apr 2514.48
Apr 2513.49
Apr 2513.69
Apr 2512.41
Mar 2514.07
Mar 2514.52
Mar 2513.31
Mar 2515.26
Feb 2517.45
Feb 2517.08
Feb 2517.71
Feb 2544.72
Jan 2544.69
Jan 2546.31
Jan 2548.29
Jan 2544.3
Jan 2545.8
Dec 2448.45
Dec 2446.86
Dec 2448.29
Dec 2448.51
Nov 2448.55
Nov 2445.52
Nov 2441.98
Nov 2445.23
Nov 2456.88
Oct 2449.78
Oct 2440.71
Price/Operating Cashflow
0510152025med 10.79Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
UPWK Price/Operating Cashflow by year
PeriodPrice/Operating Cashflow
Sep 265.18
Sep 265.22
Aug 265.36
Aug 265.11
Aug 265.04
Aug 265.29
Jul 265.01
Jul 264.83
Jul 264.95
Jul 264.82
Jul 265.01
Jun 264.55
Jun 264.4
Jun 264.64
Jun 264.79
May 264.82
May 264.81
May 264.47
May 264.82
May 265.52
Apr 265.59
Apr 265.93
Apr 265.61
Apr 265.76
Mar 265.72
Mar 265.93
Mar 266.42
Mar 266.97
Feb 267.06
Feb 266.93
Feb 266.96
Feb 2613.43
Jan 2614.21
Jan 2615.69
Jan 2614.1
Jan 2614.23
Jan 2614.08
Dec 2514.79
Dec 2514.62
Dec 2515.58
Dec 2514.25
Nov 2514.01
Nov 2512.68
Nov 2511.69
Nov 2512.38
Oct 2510.08
Oct 2510.12
Oct 2510.24
Oct 2510.62
Oct 2510.92
Sep 2512.11
Sep 2512.69
Sep 2510.66
Sep 2510.24
Aug 259.73
Aug 259.44
Aug 258.73
Aug 258.33
Aug 259.04
Jul 2510.09
Jul 2510.18
Jul 259.94
Jul 2510.5
Jun 2510.49
Jun 2510.11
Jun 2510.64
Jun 2511.85
May 2511.92
May 2512.12
May 2513.27
May 2512.99
May 2511.79
Apr 2511.84
Apr 2511.14
Apr 2511.28
Apr 2510.38
Mar 2511.55
Mar 2511.86
Mar 2511.02
Mar 2512.39
Feb 2513.93
Feb 2513.67
Feb 2514.11
Feb 2514.97
Jan 2514.96
Jan 2515.44
Jan 2516.03
Jan 2514.84
Jan 2515.29
Dec 2416.08
Dec 2415.6
Dec 2416.03
Dec 2416.09
Nov 2416.1
Nov 2415.2
Nov 2414.15
Nov 2415.12
Nov 2421.46
Oct 2418.97
Oct 2415.79
Price to Book
123456med 3.27Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
UPWK Price to Book by year
PeriodPrice to Book
Sep 261.77
Sep 261.78
Aug 261.83
Aug 261.75
Aug 261.72
Aug 262.17
Jul 262.06
Jul 261.99
Jul 262.04
Jul 261.98
Jul 262.06
Jun 261.87
Jun 261.81
Jun 261.91
Jun 261.97
May 261.98
May 261.98
May 261.84
May 261.98
May 262.17
Apr 262.2
Apr 262.34
Apr 262.21
Apr 262.27
Mar 262.25
Mar 262.34
Mar 262.53
Mar 262.75
Feb 262.78
Feb 262.73
Feb 262.74
Feb 264.13
Jan 264.37
Jan 264.82
Jan 264.33
Jan 264.37
Jan 264.33
Dec 254.55
Dec 254.49
Dec 254.79
Dec 254.38
Nov 254.3
Nov 253.9
Nov 253.59
Nov 253.81
Oct 253.46
Oct 253.47
Oct 253.52
Oct 253.65
Oct 253.75
Sep 254.16
Sep 254.36
Sep 253.66
Sep 253.52
Aug 253.34
Aug 253.24
Aug 253
Aug 252.86
Aug 252.67
Jul 252.98
Jul 253.01
Jul 252.94
Jul 253.1
Jun 253.1
Jun 252.99
Jun 253.15
Jun 253.5
May 253.52
May 253.58
May 253.92
May 253.84
May 253.15
Apr 253.16
Apr 252.97
Apr 253.01
Apr 252.77
Mar 253.08
Mar 253.17
Mar 252.94
Mar 253.31
Feb 253.72
Feb 253.65
Feb 253.77
Feb 255.09
Jan 255.08
Jan 255.25
Jan 255.45
Jan 255.04
Jan 255.2
Dec 245.46
Dec 245.3
Dec 245.45
Dec 245.47
Nov 245.47
Nov 245.17
Nov 244.81
Nov 245.14
Nov 245.09
Oct 244.5
Oct 243.75
Upwork Inc.
UPWK
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News: UPWK

Upwork Inc. (UPWK) Presents at Goldman Sachs Communacopia + Technology Conference 2026 Transcript

seekingalpha.com · 10 Sep 2026

Upwork Inc. (UPWK) Presents at Goldman Sachs Communacopia + Technology Conference 2026 Transcript

Upwork Inc. (UPWK) Presents at Goldman Sachs Communacopia + Technology Conference 2026 Transcript

Upwork Inc. (UPWK) Shareholders Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation

globenewswire.com · 7 Sep 2026

Upwork Inc. (UPWK) Shareholders Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation

BENSALEM, Pa., Sept. 07, 2026 (GLOBE NEWSWIRE) -- Law Offices of Howard G. Smith continues its investigation on behalf of Upwork Inc. (“Upwork” or the “Company”) (NASDAQ: UPWK) investors concerning the Company's possible violations of federal securities laws.

Securities Fraud Investigation Into Upwork Inc. (UPWK) Continues – Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz

globenewswire.com · 4 Sep 2026

Securities Fraud Investigation Into Upwork Inc. (UPWK) Continues – Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz

LOS ANGELES, Sept. 04, 2026 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz continues its investigation of Upwork Inc. (“Upwork” or the “Company”) (NASDAQ: UPWK) on behalf of investors concerning the Company's possible violations of federal securities laws.

Securities Fraud Investigation Into Upwork Inc. (UPWK) Continues – Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP, a Leading Securities Fraud Law Firm

globenewswire.com · 3 Sep 2026

Securities Fraud Investigation Into Upwork Inc. (UPWK) Continues – Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP, a Leading Securities Fraud Law Firm

LOS ANGELES, Sept. 03, 2026 (GLOBE NEWSWIRE) -- Glancy Prongay Wolke & Rotter LLP, a leading national shareholder rights law firm, continues its investigation on behalf of Upwork Inc. (“Upwork” or the “Company”) (NASDAQ: UPWK) investors concerning the Company's possible violations of the federal securities laws.

Upwork to Present at Goldman Sachs Communacopia + Technology Conference

globenewswire.com · 26 Aug 2026

Upwork to Present at Goldman Sachs Communacopia + Technology Conference

PALO ALTO, Calif., Aug. 26, 2026 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's human and AI-powered work marketplace, today announced that senior management will participate in a fireside chat at The Goldman Sachs Communacopia Conference in San Francisco, CA on Wednesday, September 9, 2026 at 3:05 p.m. PT/6:05 p.m. ET.

Upwork: Earnings Selloff Is A Time To Buy, But AI Is A Real Threat

seekingalpha.com · 12 Aug 2026

Upwork: Earnings Selloff Is A Time To Buy, But AI Is A Real Threat

Upwork faces significant AI-driven challenges, but its current low valuation offers a compelling risk-reward profile. UPWK trades at a non-GAAP PE of 6.64, with robust 77.5% gross margins and a 22% levered FCF margin, providing downside protection. Recent quarterly results were unexciting: revenue beat guidance but declined YoY; forward guidance was lowered, reflecting ongoing headwinds.

Upwork stock tumbles as weak guidance overshadows Q2 earnings beat

invezz.com · 11 Aug 2026

Upwork stock tumbles as weak guidance overshadows Q2 earnings beat

Shares of Upwork were headed for their worst single-day decline in three months on Tuesday after the freelance marketplace issued weaker-than-expected guidance, overshadowing second-quarter results that topped revenue and earnings estimates. Upwork shares fell nearly 13% in trading.

Why Upwork Stock Is Plummeting Today

fool.com · 11 Aug 2026

Why Upwork Stock Is Plummeting Today

Upwork beat sales expectations in Q2, but it posted an earnings miss. The company's active client count continued to decline in the quarter.

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