When did Upwork Inc. report Q4 2024 earnings?

Upwork Inc. (UPWK) reported Q4 2024 earnings on February 12, 2025 after market close.

What were Upwork Inc.'s Q4 2024 revenue and EPS?

Upwork Inc. reported revenue of $191.5M and eps of $0.30 for Q4 2024.

Did Upwork Inc. beat estimates in Q4 2024?

Revenue beat the consensus estimate of $180.4M by $11.1M. EPS beat the consensus estimate of $0.24 by $0.06.

Where can I find Upwork Inc.'s Q4 2024 SEC filings?

You can read the 10-K periodic report (0001627475-25-000011) directly on SEC EDGAR. The filing index links above go to sec.gov.

Upwork Inc. UPWK Q4 2024 Annual earnings

Reported February 12, 2025 · After market close

Revenue$191.5MBeat by $11.1M

EPS$0.30Beat by $0.06

Revenue estimate$180.4M

EPS estimate$0.24

Next report

Aug 10, 2026 (In 1 week)

Revenue estimate$190.0M

EPS estimate$0.35

Financials

Q4 2024

Income statement

See full

Revenue$191.5M+4.1%

Gross profit$148.8M+7.8%

Operating income$13.6M—

Net income$147.2M+747%

EPS (diluted)$1.02+750%

Balance sheet

See full

Cash & equivalents$505.6M+70.6%

Total debt$369.1M+0.3%

Total equity$575.4M+51.0%

Total assets$1.2B+16.8%

Cash flow

See full

Operating cash flow$38.6M+91.5%

CapEx$1.5M+1,056%

Free cash flow$37.0M+85.0%

Valuation & ratios

Valuation

as of 12/31/24

See full

Market cap$2.19B+7.6%

Enterprise value$2.05B-2.6%

P/E10.1×-33.2×

P/S2.8×-0.1×

Profitability

See full

Gross margin77.4%+2.1pp

Operating margin8.5%—

Net margin28%+21.2pp

FCF margin19.5%+12.0pp

Returns & leverage

See full

Return on equity45.1%+30.2pp

Debt / equity0.6×-0.3×

Current ratio3.4×+0.4×

Segments

By segment

See full

Reportable Segment$191.5M+11.1%

By product

See full

Enterprise$582.7M—

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 Q4 2024 earnings?: Upwork Inc. (UPWK) reported Q4 2024 earnings on February 12, 2025 after market close.
What were Upwork Inc.'s Q4 2024 revenue and EPS?: Upwork Inc. reported revenue of $191.5M and eps of $0.30 for Q4 2024.
Did Upwork Inc. beat estimates in Q4 2024?: Revenue beat the consensus estimate of $180.4M by $11.1M. EPS beat the consensus estimate of $0.24 by $0.06.
Where can I find Upwork Inc.'s Q4 2024 SEC filings?: You can read the 10-K periodic report (0001627475-25-000011) directly on SEC EDGAR. The filing index links above go to sec.gov.