When did Upwork Inc. report Q1 2025 earnings?

Upwork Inc. (UPWK) reported Q1 2025 earnings on May 5, 2025 after market close.

What were Upwork Inc.'s Q1 2025 revenue and EPS?

Upwork Inc. reported revenue of $192.7M and eps of $0.34 for Q1 2025.

Did Upwork Inc. beat estimates in Q1 2025?

Revenue beat the consensus estimate of $187.1M by $5.6M. EPS beat the consensus estimate of $0.25 by $0.09.

How did Upwork Inc.'s Q1 2025 results compare year-over-year?

Compared to the same quarter a year prior, revenue grew 0.9% from $190.9M a year earlier and eps grew 54.5% from $0.22.

Where can I find Upwork Inc.'s Q1 2025 SEC filings?

You can read the 10-Q periodic report (0001627475-25-000033) directly on SEC EDGAR. The filing index links above go to sec.gov.

Upwork Inc. UPWK Q1 2025 earnings

Reported May 5, 2025 · After market close

Revenue$192.7MBeat by $5.6M

EPS$0.34Beat by $0.09

Revenue estimate$187.1M

EPS estimate$0.25

Next report

Aug 10, 2026 (In 1 week)

Revenue estimate$190.0M

EPS estimate$0.35

Financials

Q1 2025

Income statement

See full

Revenue$192.7M+0.9%

Gross profit$150.9M+2.8%

Operating income$38.7M+196%

Net income$37.7M+105%

EPS (diluted)$0.27+108%

Balance sheet

See full

Cash & equivalents$524.2M+108%

Total debt$370.4M-0.3%

Total equity$594.3M+70.4%

Total assets$1.2B+23.9%

Cash flow

See full

Operating cash flow$37.0M+150%

CapEx$2.5M+1,297%

Free cash flow$34.5M+136%

Valuation & ratios

Valuation

as of 03/31/25

See full

Market cap$1.77B+5.7%

Enterprise value$1.61B-9.9%

P/E7.5×-27.2×

P/S2.3×0.0×

Profitability

See full

Gross margin77.7%+2.0pp

Operating margin11.8%—

Net margin30.5%+23.8pp

FCF margin22%+11.5pp

Returns & leverage

See full

Return on equity49.8%+34.7pp

Debt / equity0.6×-0.4×

Current ratio3.4×+0.5×

Segments

By product

See full

Marketplace$166.3M+1.2%

Enterprise$26.4M—

By segment

See full

Reportable Segment$192.7M+0.9%

Versus estimates

Revenue

Q1 2026$195.5MMiss by $269.2K Q4 2025$198.4MBeat by $887.5K Q3 2025$201.7MBeat by $4.2M Q2 2025$194.9MBeat by $7.4M

Q1 2025$192.7MBeat by $5.6M

Q4 2024$191.5MBeat by $11.1M

Diluted EPS

Q1 2026$0.24Miss by $0.01 Q4 2025$0.12Miss by $0.11 Q3 2025$0.21Miss by $0.04 Q2 2025$0.35Beat by $0.09

Q1 2025$0.34Beat by $0.09

Q4 2024$0.30Beat by $0.06

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Questions, answered.

When did Upwork Inc. report Q1 2025 earnings?: Upwork Inc. (UPWK) reported Q1 2025 earnings on May 5, 2025 after market close.
What were Upwork Inc.'s Q1 2025 revenue and EPS?: Upwork Inc. reported revenue of $192.7M and eps of $0.34 for Q1 2025.
Did Upwork Inc. beat estimates in Q1 2025?: Revenue beat the consensus estimate of $187.1M by $5.6M. EPS beat the consensus estimate of $0.25 by $0.09.
How did Upwork Inc.'s Q1 2025 results compare year-over-year?: Compared to the same quarter a year prior, revenue grew 0.9% from $190.9M a year earlier and eps grew 54.5% from $0.22.
Where can I find Upwork Inc.'s Q1 2025 SEC filings?: You can read the 10-Q periodic report (0001627475-25-000033) directly on SEC EDGAR. The filing index links above go to sec.gov.