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Upwork Inc.

UPWK

Upwork Inc. operates a global work marketplace that connects businesses with independent talent and agencies across various skill categories.

Market cap
$1.21B-23.7%
Revenue$790.6M+2.5%
Net income$109.2M-53.5%
Free cash flow$229.3M+34.9%
EPS (diluted)$0.81-51.2%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 10, 2026 (In 1 week)
Revenue estimate$190.0M
EPS estimate$0.35

Financials

Q1 2026

Income statement

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Revenue$195.5M+1.4%
Gross profit$150.8M0.0%
Operating income$32.7M-15.4%
Net income$31.5M-16.6%
EPS (diluted)$0.24-11.1%

Balance sheet

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Cash & equivalents$535.9M+2.2%
Total debt$739.7M+99.7%
Total equity$569.6M-4.2%
Total assets$1.2B+0.2%

Cash flow

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Operating cash flow$23.0M-37.7%
CapEx$1.7M-30.3%
Free cash flow$21.3M-38.3%

Valuation & ratios

Valuation

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Market cap$1.14B-23.7%
Enterprise value$1.35B-7.4%
P/E10.5×+4.1×
P/S1.5×-0.6×

Profitability

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Gross margin77.5%-0.2pp
Operating margin15.6%+3.8pp
Net margin13.8%-16.7pp
FCF margin29%+7.0pp

Returns & leverage

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Return on equity18.8%-31.0pp
Debt / equity1.3×+0.7×
Current ratio1.4×-2.0×

Segments

By segment

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Reportable Segment$195.5M+1.4%

By product

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Marketplace$170.7M+2.7%

Competitors

Profile

Upwork Inc. operates a global work marketplace that connects businesses with independent talent and agencies across various skill categories. The company provides a digital platform for sourcing, contracting, and paying for on-demand work, leveraging AI-enabled tools to streamline the hiring process. Its value proposition centers on offering a flexible, secure, and efficient alternative to traditional staffing firms for both small businesses and large enterprises.

Competitive position

A leading global work marketplace that differentiates itself through AI-enabled talent matching and a comprehensive suite of enterprise-grade compliance and payroll tools.

GeographiesGlobal, United States
Customer segmentsSMB, Enterprise, Freelancers
Business modelTwo-sided marketplace, Transaction-based fees, Subscription SaaS, Managed Services
SuppliersCloud infrastructure providers, Payment processors, Third-party staffing providers, AI technology providers
CustomersSmall and medium-sized businesses, Fortune 500 enterprises, Independent contractors, Digital agencies
Listed2018
Employees800.0
CEOHayden Brown
Websiteupwork.com
FilingsSEC EDGAR

Questions, answered.

What is Upwork Inc.'s market cap?
Upwork Inc. (UPWK) has a market capitalization of $1.2B and trades on NASDAQ.
What is Upwork Inc.'s revenue and profitability?
Upwork Inc. generated $790.6M in trailing twelve-month revenue with net income of $109.2M, representing a net margin of 13.8%. Gross margin stands at 77.5%, with free cash flow of $229.3M. These figures are based on the Q1 2026 filing.
Who are Upwork Inc.'s competitors?
Upwork Inc.'s key competitors include Fiverr International Ltd., Robert Half Inc., LinkedIn, and others. These companies compete in similar markets and product categories.
What subsidiaries does Upwork Inc. have?
Upwork Inc.'s subsidiaries include Lifted.
Where is Upwork Inc. headquartered?
Upwork Inc. is headquartered in United States of America and employs approximately 800 people. It has been publicly traded since 2018.