Upwork Inc. (UPWK)

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12.74

0.08 (0.63%)

At close: Apr 17, 2025, 3:59 PM

12.76

0.19%

After-hours: Apr 17, 2025, 06:09 PM EDT

Upwork Income Statement

Financials in USD. Fiscal year is January - December.

Fiscal Year	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020	Q2 2020	Q1 2020	Q4 2019	Q3 2019	Q2 2019	Q1 2019	Q4 2018	Q3 2018	Q2 2018	Q1 2018	Q4 2017	Q3 2017	Q2 2017	Q1 2017
Period Ending	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017
Revenue	191.48M	193.78M	193.13M	190.94M	183.93M	175.73M	168.61M	160.86M	161.44M	158.64M	156.9M	141.34M	136.86M	128.14M	124.18M	113.62M	106.15M	96.75M	87.53M	83.2M	80.29M	78.79M	74.26M	68.92M	67.34M	64.11M	62.68M	59.22M	54.76M	52.26M	48.78M	47.77M
Cost of Revenue	42.64M	43.41M	43.85M	44.19M	45.87M	43.27M	40.88M	40.43M	41.16M	40.47M	40.86M	37.92M	37.05M	34.93M	33.08M	30.44M	28.78M	26.6M	25.41M	23.48M	22.94M	22.49M	21.59M	21.13M	20.88M	20.5M	20.46M	19.62M	17.6M	16.89M	15.93M	15.48M
Gross Profit	148.84M	150.37M	149.28M	146.74M	138.07M	132.46M	127.73M	120.43M	120.28M	118.17M	116.04M	103.42M	99.81M	93.21M	91.1M	83.18M	77.38M	70.15M	62.12M	59.71M	57.35M	56.29M	52.67M	47.8M	46.46M	43.61M	42.22M	39.6M	37.16M	35.37M	32.86M	32.29M
Operating Income	13.58M	20.79M	17.78M	13.05M	8.43M	11.47M	-6.12M	19.06M	-20.48M	-25.44M	-23.05M	-23.65M	-21.81M	-8.32M	-16.39M	-7.7M	656K	-3.03M	-10.98M	-9.05M	-6.88M	-2.97M	-2.48M	-4.83M	-2.7M	-3.33M	329K	-6.01M	-4.95M	203K	2.04M	812.5K
Interest Income	n/a	n/a	n/a	n/a	1.52M	n/a	713K	1.1M	6.84M	1.12M	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	207K	215K
Pretax Income	18.37M	28.88M	23.4M	19.77M	15.82M	17.23M	-2.13M	17.96M	-16.06M	-24.79M	-23.79M	-24.71M	-22.49M	-9.29M	-16.52M	-7.82M	1.02M	-2.73M	-10.99M	-10.01M	-5.5M	-2.83M	-2M	-4.73M	-5.36M	-7.35M	-400K	-6.79M	-5.27M	-256K	1.86M	690K
Net Income	147.17M	27.76M	22.22M	18.44M	17.37M	16.34M	-3.99M	17.17M	-16.5M	-24.83M	-23.82M	-24.74M	-22.56M	-9.31M	-16.54M	-7.83M	925K	-2.75M	-11.02M	-10.02M	-5.5M	-2.83M	-2.03M	-4.73M	-5.37M	-7.35M	-412K	-6.78M	-5.19M	-301K	1.86M	684.5K
Selling & General & Admin	79.54M	77.37M	79.03M	80.78M	83.42M	75.96M	88.05M	94.29M	92.87M	94.58M	96.61M	86.78M	85.79M	69.28M	78.17M	63.13M	53.08M	51.62M	51.54M	48.5M	46.71M	41.84M	38.59M	36.2M	33.14M	30.67M	27.63M	30.85M	27.64M	22.58M	19.21M	20.08M
Research & Development	53.49M	50.41M	52.47M	52.92M	46.22M	43.42M	43.25M	44.48M	41.66M	38.9M	35.83M	38.16M	33.47M	30.87M	28.12M	26.61M	22.74M	20.83M	20.55M	19.35M	16.32M	16.21M	15.7M	15.8M	14.81M	14.38M	12.81M	13.49M	13.09M	11.51M	10.7M	10.5M
Other Expenses	2.23M	n/a	5.62M	6.72M	4.86M	6.48M	4.7M	6.7M	6.24M	10.14M	6.65M	2.13M	440K	-222K	-17K	78K	500K	452K	248K	-731K	1.63M	462K	832K	479K	-2.3M	-3.42M	-173K	-249K	13K	-260K	n/a	n/a
Operating Expenses	135.26M	129.57M	131.5M	133.69M	129.64M	120.99M	133.84M	145.47M	140.76M	143.61M	139.09M	127.07M	121.61M	101.53M	107.49M	90.88M	76.72M	73.18M	73.11M	68.76M	64.23M	59.26M	55.14M	52.63M	49.16M	46.94M	41.9M	45.61M	42.11M	35.16M	30.79M	31.38M
Interest Expense	n/a	n/a	n/a	n/a	n/a	711K	713K	1.1M	1.12M	1.12M	1.12M	1.13M	1.13M	746K	110K	199K	138K	152K	258K	230K	259K	317K	357K	373K	364K	589K	556K	529K	331K	199K	n/a	n/a
Selling & Marketing Expenses	43.93M	46.09M	47.33M	47.85M	49.3M	47.31M	59.07M	65M	62.79M	63.17M	63.28M	57.64M	54.68M	43.19M	45.82M	39.6M	34.53M	33.58M	34.44M	30.68M	25.57M	25.32M	24.48M	20.52M	17.91M	18.97M	16.41M	19.67M	15.72M	13.63M	11.37M	11.85M
Cost & Expenses	177.9M	171.19M	175.35M	177.89M	175.51M	164.27M	174.73M	185.9M	181.92M	184.08M	179.95M	164.99M	158.66M	136.46M	140.58M	121.32M	105.5M	99.78M	98.52M	92.25M	87.16M	81.76M	76.73M	73.76M	70.04M	67.45M	62.35M	65.23M	59.71M	52.06M	46.72M	46.86M
Income Tax Expense	-128.79M	1.13M	1.18M	1.33M	-1.56M	895K	1.86M	795K	440K	40K	27K	29K	63K	26K	16K	17K	93K	18K	30K	9K	-56K	779K	27K	1K	6K	-2.83M	12K	-3K	-78K	45K	2K	5.5K
Shares Outstanding (Basic)	134.26M	132.6M	131.44M	136.36M	136.62M	135.45M	134.14M	132.84M	131.82M	130.67M	130.06M	129.36M	127.92M	127.91M	126.74M	125.28M	123.4M	120.68M	116.52M	114.12M	112.69M	111.16M	108.68M	106.64M	103.36M	104.08M	104.08M	95.93M	95.93M	95.93M	32.49M	32.49M
Shares Outstanding (Diluted)	143.1M	131.99M	138.27M	143.66M	143.8M	137.29M	134.14M	135.97M	131.82M	130.83M	130.06M	129.36M	127.92M	127.91M	126.74M	125.28M	123.4M	120.68M	116.52M	114.12M	112.69M	111.16M	108.68M	106.64M	103.36M	104.08M	104.08M	95.93M	95.93M	95.93M	32.49M	32.49M
EPS (Basic)	1.09	0.21	0.17	0.14	0.13	0.12	-0.03	0.13	-0.13	-0.19	-0.18	-0.19	-0.18	-0.07	-0.13	-0.06	0.01	-0.02	-0.09	-0.09	-0.05	-0.03	-0.02	-0.04	-0.05	-0.07	-0.00	-0.07	-0.05	-0.00	0.06	0.02
EPS (Diluted)	1.03	0.21	0.17	0.13	0.12	0.12	-0.03	-0.15	-0.13	-0.19	-0.18	-0.19	-0.18	-0.07	-0.13	-0.06	0.01	-0.02	-0.09	-0.09	-0.05	-0.03	-0.02	-0.04	-0.05	-0.07	-0.00	-0.07	-0.05	-0.00	0.06	0.02
EBITDA	13.58M	20.79M	22.27M	17.04M	13.07M	20.53M	-3.45M	-25.04M	-12.11M	-20.91M	-19.89M	-20.82M	-18.46M	-5.16M	-12.99M	-3.51M	4.82M	1.06M	-7.28M	-6.5M	-2.19M	-839K	-348K	-2.82M	-3.59M	-5.47M	1.52M	-5.19M	-3.9M	976K	3.09M	1.86M
EBIT	13.58M	20.79M	17.78M	13.05M	15.82M	11.47M	-6.12M	-25.04M	-14.94M	-23.67M	-22.67M	-23.58M	-21.37M	-8.54M	-16.41M	-7.62M	656K	-2.58M	-10.74M	-9.78M	-6.82M	-2.51M	-2.07M	-4.35M	-5M	-6.76M	156K	-6.26M	-4.95M	-57K	2.04M	812.5K
Depreciation & Amortization	n/a	n/a	4.49M	3.99M	4.64M	2.59M	2.67M	2.82M	2.83M	2.76M	2.78M	2.76M	2.91M	3.38M	3.42M	4.11M	3.66M	3.64M	3.45M	3.28M	3.05M	1.67M	1.29M	1.53M	1.41M	1.29M	1.19M	1.06M	1.05M	1.03M	1.05M	1.05M