Upwork Inc. UPWK R2KR3KTECH
Company Overview
Upwork Inc., together with its subsidiaries, provides platforms and workforce solutions that connect businesses with freelance, agency, fractional, and payrolled talent in the United States, the Philippines, India, Pakistan, and internationally. The company offers Upwork Marketplace, a human and AI-powered work marketplace that connects businesses with on-demand access to independent talent across a range of categories, including AI-related projects, administrative support, sales and marketing, design and creative, and customer service, as well as web, mobile, and software development. Its marketplace also streamlines workflows, such as talent sourcing, outreach, contracting, and engagement management, as well as provides infrastructure for remote collaboration, including communication and collaboration tools, consolidated invoicing, and payment protection; and Upwork Payroll services. It also offers enterprise solutions that provide access to platform capabilities that support contingent workforce solutions, including sourcing, onboarding, classification, compliance and contract management, payments, and reporting. In addition, the company offers managed services that provide a service-led program management and end-to-end project delivery solution that enables enterprise clients to outsource defined functions or projects; Uma, an AI assistant; 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 founded in 1998 and is headquartered in Palo Alto, California.
Why Investors Should Care
Generates a return on equity of 18.8%, reflecting efficient use of shareholder capital.
Return on capital employed stands at 19.9%.
Revenue has grown at a 19.0% CAGR over the past five years.
Trades at a P/E of 10.9, below the sector median of 19.2.
Operating margin of 16.7% supports profitability.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Dec 2025 Revenue of $787.78M (+2.4% YoY); net profit $115.42M.
- Trailing 12 Months Year-on-year growth — revenue +1.4%, earnings -12.0%.
- 5-Year Trend Long-term compounding — revenue CAGR 19.0%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 19.01% |
| 1 Year: | 1.40% |
Compounded Profit Growth
| 5 Years: | - |
| 1 Year: | -12.00% |
Stock Price Performance
| 1 Year: | -37.58% |
| 6 Months: | -33.62% |
| 3 Months: | +0.40% |
| 1 Month: | -6.63% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMABelow
- RSI (14)47.70 · Neutral
P/E of 10.86 is below the sector median of 19.18 — relatively cheaper than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 19.0% over 5 years.
- Generates positive free cash flow.
CONS
- Trading 60.2% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Communication Services).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | UPWK Upwork Inc. R2KR3KTECH | 8.80 | 10.86 | $1.09B | 0.00% | 19.91% | 18.76% | 19.01% | - |
| 2 | GOOGL Alphabet Inc. NDXSPXR3KAITECH | 338.46 | 16.98 | $1.99T | 0.25% | 26.20% | 48.68% | 17.96% | 21.53% |
| 3 | META Meta Platforms, Inc. NDXSPXR3KAITECH | 616.77 | 23.23 | $1.36T | 0.36% | 25.69% | 29.85% | 19.89% | 37.61% |
| 4 | NFLX Netflix, Inc. NDXSPXR3KAI | 78.25 | 24.61 | $325.83B | 0.00% | 29.87% | 49.54% | 22.30% | 32.79% |
| 5 | VZ Verizon Communications Inc. SPXR3K | 50.35 | 13.11 | $209.19B | 6.02% | 8.56% | 15.84% | 2.33% | 6.90% |
| 6 | TMUS T-Mobile US, Inc. NDXSPXR3K | 183.36 | 19.18 | $196.69B | 2.27% | 9.39% | 17.99% | 22.63% | 28.77% |
| 7 | DIS The Walt Disney Company SPXR3K | 105.31 | 21.71 | $181.84B | 1.43% | 10.74% | 8.01% | 6.96% | 4.12% |
| 8 | T AT&T Inc. SPXR3K | 25.68 | 8.45 | $175.97B | 4.68% | 6.59% | 18.34% | 0.31% | 3.44% |
| 9 | SPOT Spotify Technology S.A. R3KAITECH | 542.43 | 29.58 | $111.53B | 0.00% | 24.61% | 44.48% | 13.59% | - |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Sep 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 52.26M | 59.22M | 62.68M | 64.11M | 68.48M | 73.78M | 78.02M | 83.20M | 87.53M | 96.75M | 113.62M | 124.18M | 128.14M | 141.34M | 156.90M | 158.64M | 160.86M | 168.61M | 175.73M | 190.94M | 193.13M | 193.78M | 192.71M | 194.94M | 201.73M | 195.48M |
| Gross Profit | 35.37M | 39.60M | 42.22M | 43.61M | 47.35M | 52.20M | 55.52M | 59.71M | 62.12M | 70.15M | 83.18M | 91.10M | 93.21M | 103.42M | 116.04M | 118.17M | 120.43M | 127.73M | 132.46M | 146.74M | 149.28M | 150.37M | 150.90M | 151.51M | 155.89M | 150.84M |
| Operating Income | 203.00K | -6.01M | 329.00K | -3.33M | -5.26M | -2.90M | -3.69M | -9.05M | -10.98M | -3.03M | -7.70M | -16.39M | -8.32M | -23.65M | -23.05M | -25.44M | -25.04M | -6.12M | 11.47M | 13.05M | 17.78M | 20.79M | 38.69M | 32.56M | 29.76M | 32.72M |
| Net Income | -301.00K | -6.78M | -412.00K | -7.35M | -5.16M | -2.45M | -3.55M | -10.02M | -11.02M | -2.75M | -7.83M | -16.54M | -9.31M | -24.74M | -23.82M | -24.83M | 17.17M | -3.99M | 16.34M | 18.44M | 22.22M | 27.76M | 37.73M | 32.73M | 29.34M | 31.46M |
| Diluted EPS | - | - | - | - | - | - | - | - | -0.09 | -0.02 | -0.06 | -0.13 | -0.07 | -0.19 | -0.18 | -0.19 | -0.15 | -0.03 | 0.12 | 0.13 | 0.17 | 0.20 | 0.27 | 0.24 | 0.21 | 0.24 |
| R&D Expense | 11.51M | 13.49M | 12.81M | 14.38M | 15.80M | 15.70M | 16.21M | 19.35M | 20.55M | 20.83M | 26.61M | 28.12M | 30.87M | 38.16M | 35.83M | 38.90M | 44.48M | 43.25M | 43.42M | 52.92M | 52.47M | 50.41M | 46.15M | 44.84M | 47.49M | 43.31M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 164.44M | 202.55M | 253.35M | 300.56M | 373.63M | 502.80M | 618.32M | 689.14M | 769.33M | 787.78M |
| Gross Profit | 101.87M | 137.11M | 171.90M | 212.42M | 269.36M | 367.29M | 457.92M | 518.69M | 595.23M | 613.03M |
| Operating Income | -14.47M | -3.12M | -11.71M | -18.73M | -22.41M | -54.22M | -92.62M | -11.26M | 65.21M | 129.31M |
| Net Income | -16.23M | -4.12M | -19.91M | -16.66M | -22.87M | -56.24M | -89.89M | 46.89M | 215.59M | 115.42M |
| Diluted EPS | - | - | - | -0.15 | -0.19 | -0.44 | -0.69 | 0.06 | 1.52 | 0.84 |
| R&D Expense | 37.90M | 45.60M | 55.49M | 64.03M | 83.47M | 119.08M | 154.55M | 177.36M | 209.28M | 185.54M |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 275.19M | 391.57M | 446.38M | 529.23M | - | 1.08B | 1.04B | 1.21B | 1.30B |
| Current Assets | - | - | - | - | - | - | - | 930.91M | 883.37M | 911.05M | 950.83M |
| Cash & Equivalents | - | - | 21.59M | 129.13M | 48.39M | 94.08M | - | 129.38M | 79.64M | 305.76M | 294.36M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | 64.89M | 103.06M | 75.49M | 76.24M |
| Total Liabilities | - | - | 140.07M | 147.83M | 186.96M | 229.92M | - | 831.37M | 656.47M | 636.24M | 669.26M |
| Current Liabilities | - | - | 114.64M | 127.60M | 149.10M | 198.75M | - | 247.69M | 293.00M | 268.43M | 650.17M |
| Long Term Debt | - | - | 23.49M | 18.24M | 10.70M | 3.14M | 561.30M | 564.26M | 356.09M | 357.93M | - |
| Total Debt | - | - | - | - | - | - | - | 581.94M | 367.86M | 369.12M | 371.15M |
| Total Equity | -21.43M | -30.13M | -31.37M | 243.75M | 259.42M | 299.31M | - | 248.88M | 381.07M | 575.38M | 630.32M |
| Shares Outstanding | - | - | - | - | - | - | - | 132.48M | 137.27M | 135.35M | 130.55M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 3.15M | -4.00M | 13.74M | 1.06M | 22.36M | 10.84M | 11.50M | 52.71M | 153.56M | 248.26M |
| Investing Cash Flow | -475.00K | -2.32M | -6.84M | -100.92M | -4.15M | -428.98M | -69.47M | 88.27M | 137.57M | -136.94M |
| Financing Cash Flow | 5.23M | 27.74M | 112.06M | 29.40M | 54.64M | 537.74M | 1.14M | -139.79M | -81.96M | -138.00M |
| Capital Expenditure | -846.00K | -1.83M | -3.00M | -10.75M | -6.32M | -1.03M | -1.25M | -692.00K | -3.53M | -5.79M |
| Free Cash Flow | 2.30M | -5.83M | 10.74M | -9.69M | 16.05M | 9.81M | 10.25M | 52.02M | 150.03M | 242.47M |
| Share Buybacks | - | - | - | - | - | - | 0 | 0 | 100.00M | 135.96M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | 61.9% | 67.7% | 67.8% | 70.7% | 72.1% | 73.0% | 74.1% | 75.3% | 77.4% | 77.8% |
| Operating Margin % | -8.8% | -1.5% | -4.6% | -6.2% | -6.0% | -10.8% | -15.0% | -1.6% | 8.5% | 16.4% |
| Net Margin % | -9.9% | -2.0% | -7.9% | -5.5% | -6.1% | -11.2% | -14.5% | 6.8% | 28.0% | 14.7% |
| ROE % | 53.9% | 13.1% | -8.2% | -6.4% | -7.6% | - | -36.1% | 12.3% | 37.5% | 18.3% |
| ROCE % | - | -1.9% | -4.4% | -6.3% | -6.8% | - | -11.1% | -1.5% | 6.9% | 19.9% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 15.42% | 19.26M | $173.72M |
| 2 | Vanguard Portfolio Management LLC | 6.32% | 7.90M | $71.25M |
| 3 | Ancient Art, L.P. | 5.79% | 7.23M | $65.20M |
| 4 | LSV Asset Management | 5.11% | 6.38M | $57.56M |
| 5 | Vanguard Capital Management LLC | 4.25% | 5.31M | $47.93M |
| 6 | State Street Corporation | 4.16% | 5.20M | $46.86M |
| 7 | Capital International Investors | 3.89% | 4.86M | $43.82M |
| 8 | Dimensional Fund Advisors LP | 3.80% | 4.74M | $42.79M |
| 9 | Goldman Sachs Group Inc | 3.42% | 4.27M | $38.52M |
| 10 | Geode Capital Management, LLC | 2.61% | 3.25M | $29.35M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for UPWK
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UPWK — Frequently Asked Questions
What is the current share price of Upwork Inc. (UPWK)?
As of 2026-09-07 16:24 PDT, Upwork Inc. (UPWK) trades at $8.80 on NasdaqGS. Its 52-week range is $7.84 to $22.11.
What is the market capitalisation of UPWK?
Upwork Inc. (UPWK) has a market capitalisation of $1.09B on NasdaqGS.
What is the P/E ratio of UPWK?
UPWK trades at a trailing price-to-earnings (P/E) ratio of 10.86. The industry average P/E is 19.18. Its price-to-book (P/B) ratio is 2.10.
What is the return on equity (ROE) of UPWK?
UPWK has a return on equity (ROE) of 18.76%. Its return on capital employed (ROCE) is 19.91%.
Is UPWK a good stock to buy?
This page provides a data-driven analysis of Upwork Inc. (UPWK), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.