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Upwork Inc. UPWK Business Segments — Revenue

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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 business segments — revenue?
Upwork Inc. (UPWK) reported business segments — revenue of $195.48M in Q1 2026.
How has Upwork Inc.'s business segments — revenue changed year-over-year?
Upwork Inc.'s business segments — revenue increased by 1.4% year-over-year, from $192.71M to $195.48M.
What is the long-term trend for Upwork Inc.'s business segments — revenue?
Over 3 years (2022 to 2025), Upwork Inc.'s business segments — revenue has grown at a 8.4% compound annual growth rate (CAGR), from $618.32M to $787.78M.
What does business segments — revenue mean?
Represents the total gross income generated by the company's primary business segment through its online marketplace services. This metric reflects the scale of platform activity and the company's ability to monetize connections between clients and independent professionals.