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Upwork Inc. (UPWK)

NASDAQ: UPWK · Real-Time Price · USD

13.85

-0.62 (-4.28%)

At close: Jun 13, 2025, 3:59 PM

14.39

3.90%

After-hours: Jun 13, 2025, 07:07 PM EDT

Upwork Income Statement

Financials in USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Revenue	769.33M	689.14M	618.32M	502.8M	373.63M	300.56M	253.35M	202.55M	164.44M
Cost of Revenue	174.09M	170.45M	160.4M	135.51M	104.27M	88.14M	81.46M	65.44M	62.58M
Gross Profit	595.23M	518.69M	457.92M	367.29M	269.36M	212.42M	171.9M	137.11M	101.87M
Operating Income	65.21M	-11.26M	-92.62M	-54.22M	-22.41M	-18.73M	-11.71M	-3.12M	-14.47M
Interest Income	n/a	n/a	3.48M	1.4M	291K	1.2M	n/a	n/a	n/a
Pretax Income	90.43M	48.88M	-89.35M	-56.12M	-22.72M	-16.63M	-19.89M	-4.14M	-16.23M
Net Income	215.59M	46.89M	-89.89M	-56.24M	-22.87M	-16.66M	-19.91M	-4.12M	-16.23M
Selling & General & Admin	314.01M	339.61M	370.83M	296.38M	204.74M	163.22M	122.3M	90.38M	72.88M
Research & Development	209.28M	177.36M	154.55M	119.08M	83.47M	64.03M	55.49M	45.6M	37.9M
Other Expenses	6.73M	12.98M	25.15M	6.05M	3.56M	3.9M	-6.14M	-62K	-908K
Operating Expenses	530.02M	529.95M	550.54M	421.51M	291.77M	231.15M	183.61M	140.23M	116.33M
Interest Expense	n/a	1M	4.48M	2.18M	778K	1.31M	2.04M	960K	858K
Selling & Marketing Expenses	185.21M	220.68M	246.88M	183.29M	133.22M	95.89M	72.96M	53.04M	37.44M
Cost & Expenses	697.39M	700.4M	710.94M	557.01M	396.04M	319.29M	265.07M	205.68M	178.91M
Income Tax Expense	-125.16M	1.99M	536K	122K	150K	28K	15K	-22K	-1K
Shares Outstanding (Basic)	133.62M	134.77M	130.52M	127.16M	118.7M	109.81M	52.33M	95.93M	95.93M
Shares Outstanding (Diluted)	143.15M	137.26M	130.52M	127.16M	118.7M	109.81M	52.33M	95.93M	95.93M
EPS (Basic)	1.61	0.35	-0.69	-0.44	-0.19	-0.15	-0.38	-0.04	-0.17
EPS (Diluted)	1.52	0.34	-0.69	-0.44	-0.19	-0.15	-0.38	-0.04	-0.17
EBITDA	82.86M	1.46M	-81.49M	-40.13M	-7.91M	-5.88M	-12.9M	1M	-6.91M
EBIT	65.21M	-11.26M	-92.62M	-53.94M	-21.94M	-15.32M	-17.85M	-3.19M	-15.38M
Depreciation & Amortization	17.65M	12.72M	11.14M	13.81M	14.03M	9.45M	4.95M	4.19M	8.46M