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Upwork Inc. UPWK Enterprise — Revenue

Other product segments

Marketplace
$166.86M-2.2%

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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%
Net income$25.4M-22.4%
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:RevenueFromContractWithCustomerExcludingAssessedTax.

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)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Marketplace$166,858$170,660$337,563$336,953
Enterprise24,80224,27949,58050,692
Total revenue$191,660$194,939$387,143$387,645

Item 1. Financial Statements.

FAQ

What is Upwork Inc.'s enterprise — revenue?
Upwork Inc. (UPWK) reported enterprise — revenue of $24.8M in Q2 2026.
How has Upwork Inc.'s enterprise — revenue changed year-over-year?
Upwork Inc.'s enterprise — revenue increased by 2.2% year-over-year, from $24.28M to $24.8M.
What is the long-term trend for Upwork Inc.'s enterprise — revenue?
Over 4 years (2021 to 2025), Upwork Inc.'s enterprise — revenue has grown at a 110.4% compound annual growth rate (CAGR), from $34.86M to $682.88M.
What does enterprise — revenue mean?
This metric represents the total revenue generated from the company's enterprise-level service offerings designed for large-scale organizations. It reflects the adoption and monetization of premium platform features tailored for high-volume hiring and workforce management needs. Tracking this revenue stream helps investors assess the company's ability to penetrate the corporate market and secure long-term, high-value client contracts.

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