Skip to content
Screener

Upwork Inc. UPWK Q2 2025 earnings

Reported August 6, 2025 · After market close

Revenue$194.9MBeat by $7.4M
EPS$0.35Beat by $0.09
Revenue estimate$187.5M
EPS estimate$0.26

Next report

Nov 2, 2026 (in a month)
Revenue estimate$180.3M
EPS estimate$0.32

Financials

Q2 2025

Income statement

See full
Revenue$194.9M+0.9%
Gross profit$151.5M+1.5%
Operating income$32.6M+83.1%
Net income$32.7M+47.3%
EPS (diluted)$0.24+41.2%

Balance sheet

See full
Cash & equivalents$506.9M+24.9%
Total debt$370.8M+1.4%
Total equity$608.7M+68.6%
Total assets$1.3B+25.1%

Cash flow

See full
Operating cash flow$72.5M+85.0%
CapEx$2.4M+298%
Free cash flow$70.1M+81.7%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$1.75B+19.7%
Enterprise value$1.62B+13.5%
P/E7.1×-12.6×
P/S2.3×+0.3×

Profitability

See full
Gross margin77.8%+1.7pp
Operating margin13.7%—
Net margin31.7%+21.7pp
FCF margin26.1%+11.3pp

Returns & leverage

See full
Return on equity50.6%+28.3pp
Debt / equity0.6×-0.4×
Current ratio3.4×+0.4×

Segments

By product

See full
Marketplace$170.7M+2.3%
Enterprise$24.3M—

By segment

See full
Reportable Segment$194.9M+0.9%

FAQ

When did Upwork Inc. report Q2 2025 earnings?
Upwork Inc. (UPWK) reported Q2 2025 earnings on August 6, 2025 after market close.
What were Upwork Inc.'s Q2 2025 revenue and EPS?
Upwork Inc. reported revenue of $194.9M and eps of $0.35 for Q2 2025.
Did Upwork Inc. beat estimates in Q2 2025?
Revenue beat the consensus estimate of $187.5M by $7.4M. EPS beat the consensus estimate of $0.26 by $0.09.
How did Upwork Inc.'s Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 0.9% from $193.1M a year earlier and eps grew 34.6% from $0.26.
Where can I find Upwork Inc.'s Q2 2025 SEC filings?
You can read the 8-K earnings release (0001627475-25-000043) and the 10-Q periodic report (0001627475-25-000046) directly on SEC EDGAR. The filing index links above go to sec.gov.