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Upwork Inc. UPWK Enterprise — Revenue

Other product segments

Marketplace
$170.71M+2.7%

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Other financials

Income statement

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Revenue$195.5M+1.4%
Gross profit$150.8M0.0%
Operating income$32.7M-15.4%
Net income$31.5M-16.6%
EPS (diluted)$0.24-11.1%

Balance sheet

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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

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Operating cash flow$23.0M-37.7%
CapEx$1.7M-30.3%
Free cash flow$21.3M-38.3%

Valuation

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Market cap$1.02B-41.3%
Enterprise value$1.22B-22.6%
P/E9.3×+1.9×
P/S1.3×-1.0×

Profitability

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Gross margin77.5%-0.2pp
Operating margin15.6%+3.8pp
Net margin13.8%-16.7pp
FCF margin29%+7.0pp

Returns & leverage

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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

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Questions, answered.

What is Upwork Inc.'s enterprise — revenue?
Upwork Inc. (UPWK) reported enterprise — revenue of $24.78M in Q1 2026.
How has Upwork Inc.'s enterprise — revenue changed year-over-year?
Upwork Inc.'s enterprise — revenue decreased by 6.2% year-over-year, from $26.41M to $24.78M.
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.