Upwork Inc. (UPWK)
NASDAQ: UPWK
· Real-Time Price · USD
13.79
0.09 (0.66%)
At close: Aug 15, 2025, 3:59 PM
13.80
0.07%
After-hours: Aug 15, 2025, 07:34 PM EDT
Upwork Income Statement
Financials in USD. Fiscal
year is
January - December.
| Fiscal Year | Q2 2025 | Q1 2025 | 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 |
| Period Ending | Jun 30, 2025 | Mar 31, 2025 | 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 |
Revenue | 194.94M | 192.71M | 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 |
Cost of Revenue | 43.43M | 41.81M | 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 |
Gross Profit | 151.51M | 150.9M | 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 |
Operating Income | 32.56M | 38.69M | 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 |
Interest Income | n/a | n/a | n/a | n/a | n/a | n/a | 1.52M | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
Pretax Income | 38.44M | 45.01M | 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 |
Net Income | 32.73M | 37.73M | 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 |
Selling & General & Admin | 72.33M | 63.8M | 79.54M | 77.37M | 77.26M | 79.85M | 81.31M | 75.96M | 88.05M | 94.29M | 92.87M | 94.58M | 96.61M | 86.78M | 85.79M | 69.28M | 78.17M | 63.13M |
Research & Development | 44.84M | 46.15M | 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 |
Other Expenses | 1.77M | n/a | 2.23M | n/a | 5.62M | n/a | 4.86M | 6.48M | 4.7M | 6.7M | 6.24M | 10.14M | 6.65M | 2.13M | 440K | -222K | -17K | 78K |
Operating Expenses | 118.94M | 109.95M | 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 |
Interest Expense | n/a | n/a | 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 |
Selling & Marketing Expenses | 36.67M | 35.75M | 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 |
Cost & Expenses | 162.37M | 151.76M | 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 |
Income Tax Expense | 5.72M | -7.28M | -128.79M | 1.13M | 1.18M | 1.33M | -1.56M | 895K | 1.86M | 795K | 440K | 40K | 27K | 29K | 63K | 26K | 16K | 17K |
Shares Outstanding (Basic) | 132.18M | 135.21M | 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 |
Shares Outstanding (Diluted) | 140.2M | 142.78M | 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 |
EPS (Basic) | 0.25 | 0.28 | 1.10 | 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 |
EPS (Diluted) | 0.24 | 0.27 | 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 |
EBITDA | 38.63M | 43.75M | 19.5M | 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 |
EBIT | 32.56M | 38.69M | 18.97M | 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 |
Depreciation & Amortization | 6.06M | 5.06M | 5.92M | 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 |