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Upwork Inc. UPWK Rest of world — Revenue

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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$1.19B-32.8%
Enterprise value$1.26B-23.2%
P/E11.7×+4.5×
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: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
Philippines14,55314,56929,13729,153
India12,02413,76624,71727,267
Pakistan (1)12,71710,94525,92821,595
Rest of world (1)(2)42,26842,74785,14984,468
Total talent110,851110,272224,007218,067
Clients
United States57,86961,714115,858120,956
Rest of world (2)22,94022,95347,27848,622

Item 1. Financial Statements.

FAQ

What is Upwork Inc.'s rest of world — revenue?
Upwork Inc. (UPWK) reported rest of world — revenue of $42.27M in Q2 2026.
How has Upwork Inc.'s rest of world — revenue changed year-over-year?
Upwork Inc.'s rest of world — revenue decreased by 1.1% year-over-year, from $42.75M to $42.27M.
What is the long-term trend for Upwork Inc.'s rest of world — revenue?
Over 4 years (2021 to 2025), Upwork Inc.'s rest of world — revenue has grown at a 4.0% compound annual growth rate (CAGR), from $146.89M to $171.71M.
What does rest of world — revenue mean?
This metric represents the total revenue generated from geographic regions outside of the company's primary domestic market. It reflects the company's ability to scale its platform services and capture market share within international territories. Monitoring this figure helps investors assess the geographic diversification of the business and the effectiveness of global expansion strategies.

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