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 10-Q periodic report (0001627475-25-000046) directly on SEC EDGAR. The filing index links above go to sec.gov.

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

Aug 10, 2026 (In 1 week)

Revenue estimate$190.0M

EPS estimate$0.35

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 segment

See full

Reportable Segment$194.9M+0.9%

By product

See full

Marketplace$170.7M+2.3%

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 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 10-Q periodic report (0001627475-25-000046) directly on SEC EDGAR. The filing index links above go to sec.gov.