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 | 772.9M | 771.09M | 769.33M | 761.78M | 743.73M | 719.22M | 689.14M | 666.64M | 649.55M | 637.84M | 618.32M | 593.73M | 563.23M | 530.51M | 502.8M | 472.09M | 440.7M | 404.05M |
Cost of Revenue | 171.29M | 171.71M | 174.09M | 177.32M | 177.19M | 174.22M | 170.45M | 165.74M | 162.94M | 162.91M | 160.4M | 156.29M | 150.76M | 142.98M | 135.51M | 127.23M | 118.9M | 111.22M |
Gross Profit | 601.62M | 599.39M | 595.23M | 584.46M | 566.55M | 545M | 518.69M | 500.9M | 486.61M | 474.93M | 457.92M | 437.44M | 412.48M | 387.53M | 367.29M | 344.86M | 321.8M | 292.83M |
Operating Income | 105.63M | 90.85M | 65.21M | 60.05M | 50.72M | 26.83M | 32.84M | 3.93M | -32.98M | -49.91M | -92.62M | -93.95M | -76.83M | -70.17M | -54.22M | -31.75M | -26.46M | -21.05M |
Interest Income | n/a | n/a | n/a | 1.52M | 1.52M | 1.52M | 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 | 130.71M | 115.66M | 90.43M | 87.87M | 76.22M | 50.69M | 48.88M | 17M | -25.02M | -46.68M | -89.35M | -95.78M | -80.28M | -73.01M | -56.12M | -32.61M | -26.05M | -20.52M |
Net Income | 245.38M | 234.87M | 215.59M | 85.79M | 74.37M | 48.16M | 46.89M | 13.01M | -28.15M | -47.98M | -89.89M | -95.94M | -80.42M | -73.14M | -56.24M | -32.76M | -26.2M | -20.68M |
Selling & General & Admin | 293.03M | 297.96M | 314.01M | 315.79M | 314.38M | 325.17M | 339.61M | 351.17M | 369.78M | 378.34M | 370.83M | 363.76M | 338.46M | 320.02M | 296.38M | 263.66M | 246.01M | 219.38M |
Research & Development | 194.9M | 202.52M | 209.28M | 202.01M | 195.02M | 185.8M | 177.36M | 172.81M | 168.29M | 160.87M | 154.55M | 146.36M | 138.34M | 130.63M | 119.08M | 108.35M | 98.31M | 90.74M |
Other Expenses | 4M | 7.85M | 7.85M | 10.48M | 16.96M | 16.04M | 22.74M | 24.11M | 27.77M | 29.73M | 25.15M | 19.36M | 9M | 2.33M | 279K | 339K | 1.01M | 1.28M |
Operating Expenses | 493.73M | 506.28M | 530.02M | 524.4M | 515.82M | 518.17M | 529.95M | 541.07M | 563.69M | 568.94M | 550.54M | 531.39M | 489.3M | 457.7M | 421.51M | 376.61M | 348.27M | 313.88M |
Interest Expense | n/a | n/a | n/a | n/a | 711K | 1.42M | 2.52M | 3.65M | 4.05M | 4.46M | 4.48M | 4.49M | 4.12M | 3.11M | 2.18M | 1.19M | 599K | 747K |
Selling & Marketing Expenses | 162.45M | 173.11M | 185.21M | 190.58M | 191.8M | 203.53M | 220.68M | 234.16M | 250.03M | 254.24M | 246.88M | 238.78M | 218.8M | 201.33M | 183.29M | 163.14M | 153.53M | 142.15M |
Cost & Expenses | 663.22M | 676.19M | 702.32M | 699.93M | 693.01M | 692.39M | 700.4M | 706.81M | 726.63M | 731.85M | 710.94M | 687.68M | 640.06M | 600.69M | 557.01M | 503.85M | 467.17M | 425.11M |
Income Tax Expense | -129.23M | -133.76M | -125.16M | 2.08M | 1.85M | 2.52M | 1.99M | 3.99M | 3.13M | 1.3M | 536K | 159K | 145K | 134K | 122K | 152K | 144K | 158K |
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) | 1.84 | 1.76 | 1.62 | 0.65 | 0.56 | 0.36 | 0.35 | 0.09 | -0.22 | -0.37 | -0.69 | -0.74 | -0.62 | -0.57 | -0.45 | -0.26 | -0.21 | -0.17 |
EPS (Diluted) | 1.75 | 1.68 | 1.54 | 0.63 | 0.54 | 0.34 | 0.06 | -0.19 | -0.5 | -0.65 | -0.69 | -0.74 | -0.62 | -0.57 | -0.45 | -0.26 | -0.21 | -0.17 |
EBITDA | 122.68M | 106.32M | 79.61M | 73.17M | 72.91M | 47.19M | 5.11M | -20.06M | -61.51M | -77.94M | -73.73M | -80.09M | -64.34M | -57.44M | -40.13M | -16.85M | -10.63M | -4.92M |
EBIT | 111.02M | 96.23M | 70.59M | 67.44M | 58.11M | 34.22M | -3.87M | -34.63M | -69.76M | -86.32M | -84.87M | -91.3M | -76.16M | -69.9M | -53.94M | -31.91M | -25.95M | -20.28M |
Depreciation & Amortization | 17.05M | 15.47M | 14.4M | 13.12M | 15.71M | 13.89M | 12.72M | 10.91M | 11.08M | 11.2M | 11.14M | 11.21M | 11.83M | 12.46M | 13.81M | 14.56M | 14.82M | 14.86M |