What is Upwork Inc.'s net income?

Upwork Inc. (UPWK) reported net income of $31.46M in Q1 2026.

How has Upwork Inc.'s net income changed year-over-year?

Upwork Inc.'s net income decreased by 16.6% year-over-year, from $37.73M to $31.46M.

What is the long-term trend for Upwork Inc.'s net income?

Over 4 years (2021 to 2025), Upwork Inc.'s net income has grown at a 19.7% compound annual growth rate (CAGR), from -$56.24M to $115.43M.

What does net income mean?

The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

Upwork Inc. UPWK Net Income

Net Income at other companies

Robert HalfRHI

$13.79M-20.5%

MicrosoftMSFT

$31.78B+23.1%

Xometry, Inc.XMTR

-$5.26M+65.1%

OPENLANE, IncOPLN

$48.9M+32.5%

ThredUp Inc.TDUP

-$6.47M-24.1%

CarGurus, Inc.CARG

$32.23M-17.5%

Segments

By segment

See full

Reportable Segment$31.46M-16.6%

Other financials

Income statement

See full

Revenue$195.5M+1.4%

Gross profit$150.8M0.0%

Operating income$32.7M-15.4%

EPS (diluted)$0.24-11.1%

Balance sheet

See full

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

See full

Operating cash flow$23.0M-37.7%

CapEx$1.7M-30.3%

Free cash flow$21.3M-38.3%

Valuation

See full

Market cap$1.02B-41.3%

Enterprise value$1.22B-22.6%

P/E9.3×+1.9×

P/S1.3×-1.0×

Profitability

See full

Gross margin77.5%-0.2pp

Operating margin15.6%+3.8pp

Net margin13.8%-16.7pp

FCF margin29%+7.0pp

Returns & leverage

See full

Return on equity18.8%-31.0pp

Debt / equity1.3×+0.7×

Current ratio1.4×-2.0×

Where this comes from

Reported directly by Upwork Inc. in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

The official record: Upwork Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

Ask your AI about Upwork Inc.'s net income.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Upwork Inc.'s net income?: Upwork Inc. (UPWK) reported net income of $31.46M in Q1 2026.
How has Upwork Inc.'s net income changed year-over-year?: Upwork Inc.'s net income decreased by 16.6% year-over-year, from $37.73M to $31.46M.
What is the long-term trend for Upwork Inc.'s net income?: Over 4 years (2021 to 2025), Upwork Inc.'s net income has grown at a 19.7% compound annual growth rate (CAGR), from -$56.24M to $115.43M.
What does net income mean?: The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.