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Upwork Inc. UPWK Net Income

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Segments

By segment

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Reportable Segment$25.4M-22.4%

Other financials

Income statement

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Revenue$191.7M-1.7%
Gross profit$146.4M-3.4%
Operating income$28.1M-13.6%
EPS (diluted)$0.20-16.7%

Balance sheet

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Cash & equivalents$673.1M+32.8%
Total debt$740.1M+99.6%
Total equity$611.3M+0.4%
Total assets$1.3B+1.0%

Cash flow

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Operating cash flow$46.9M-35.4%
CapEx$1.6M-32.0%
Free cash flow$45.3M-35.5%

Valuation

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Market cap$1.16B-26.0%
Enterprise value$1.23B-14.3%
P/E11.4×+5.0×
P/S1.5×-0.6×

Profitability

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Gross margin77.2%-0.6pp
Operating margin15.1%+1.4pp
Net margin12.9%-18.8pp
FCF margin26%-0.1pp

Returns & leverage

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Return on equity16.7%-33.9pp
Debt / equity1.2×+0.6×
Current ratio1.4×-1.9×

Where this comes from

Reported directly by Upwork Inc. in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

The source filing: Upwork Inc.’s 10-Q, filed August 10, 2026.

Filed
Aug 10, 2026, 4:50 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001627475-26-000047
(In thousands, except per share data)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Other income, net3,9665,8788,95812,195
Income before income taxes32,10338,44369,81383,450
Income tax provision(6,699)(5,717)(12,948)(12,994)
Net income$25,404$32,726$56,865$70,456
Net income per share:
Basic$0.21$0.25$0.45$0.53
Diluted$0.20$0.24$0.44$0.50
Weighted-average shares used to compute net income per share:

Item 1. Financial Statements.

FAQ

What is Upwork Inc.'s net income?
Upwork Inc. (UPWK) reported net income of $25.4M in Q2 2026.
How has Upwork Inc.'s net income changed year-over-year?
Upwork Inc.'s net income decreased by 22.4% year-over-year, from $32.73M to $25.4M.
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.

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