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Upwork Inc. UPWK Business Segments — Sales and marketing

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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:SellingAndMarketingExpense.

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 — sales and marketing?
Upwork Inc. (UPWK) reported business segments — sales and marketing of $36.02M in Q1 2026.
How has Upwork Inc.'s business segments — sales and marketing changed year-over-year?
Upwork Inc.'s business segments — sales and marketing increased by 6.7% year-over-year, from $33.75M to $36.02M.
What is the long-term trend for Upwork Inc.'s business segments — sales and marketing?
Over 3 years (2022 to 2025), Upwork Inc.'s business segments — sales and marketing has grown at a -16.7% compound annual growth rate (CAGR), from $235.11M to $135.83M.
What does business segments — sales and marketing mean?
Reflects the costs incurred to acquire new users and retain existing participants on the marketplace platform. This includes advertising, brand promotion, and sales team compensation, serving as a key indicator of the company's growth strategy and customer acquisition efficiency.