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Upwork Inc. UPWK Business Segments — Restructuring Charges

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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-32.8%
Enterprise value$1.23B-23.2%
P/E11.4×+4.4×
P/S1.5×-0.8×

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:RestructuringCharges.

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
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Stock-based compensation expense (4)14,12315,97729,54428,249
Depreciation and amortization8,7805,87917,87910,740
Interest income(5,016)(6,722)(10,867)(13,820)
Interest expense7036861,4071,372
Restructuring charges (4)12,82612,826
Income tax provision6,6995,71712,94812,994
Other segment items (4)(5)(6)5342,7988773,081
Segment net income$25,404$32,726$56,865$70,456

Item 1. Financial Statements.

FAQ

What is Upwork Inc.'s business segments — restructuring charges?
Upwork Inc. (UPWK) reported business segments — restructuring charges of $12.83M in Q2 2026.
What does business segments — restructuring charges mean?
These are costs associated with significant changes in the company's organizational structure, such as workforce reductions or facility closures. Tracking these charges is vital for investors to distinguish between ongoing operational expenses and one-time costs related to strategic pivots or efficiency initiatives.

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