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Upwork Inc.
Upwork Inc. Score & Ratio Trend
| Date | Score | P/E | P/B | D/E | Price |
|---|---|---|---|---|---|
| Oct 2026 | 22,560 | 11.2 | 1.76 | 0.62 | 830.66 |
| Oct 2026 | 22,504 | 11.2 | 1.76 | 0.62 | 824.33 |
| Oct 2026 | 22,805 | 11.2 | 1.76 | 0.62 | 822.82 |
| Oct 2026 | 22,872 | 10.9 | 1.72 | 0.62 | 800.41 |
| Oct 2026 | 22,772 | 11.7 | 1.79 | 0.62 | 829.96 |
| Oct 2026 | 22,872 | 10.9 | 1.72 | 0.62 | 798.45 |
| Oct 2026 | 22,843 | 11.1 | 1.74 | 0.62 | 807.84 |
| Oct 2026 | 22,769 | 11.4 | 1.79 | 0.62 | 829.64 |
| Oct 2026 | 22,769 | 11.4 | 1.79 | 0.62 | 827.59 |
| Oct 2026 | 22,563 | 12.2 | 1.92 | 0.62 | 886.33 |
| Oct 2026 | 22,534 | 12.3 | 1.94 | 0.62 | 898.54 |
Upwork Inc. Quarterly Results
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 |
|---|---|---|---|---|
| Revenue | 191,660,000.0 | 195,483,000.0 | 198,409,000.0 | 201,730,000.0 |
| Net Profit | 25,404,000.0 | 31,461,000.0 | 15,634,000.0 | 29,335,000.0 |
| EPS | 0.2 | 0.2 | 0.1 | 0.2 |
Upwork Inc. Revenue & Profit: Last 5 Years
| Line Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
| Revenue | 787,784,000.0 | 769,325,000.0 | 689,136,000.0 | 618,318,000.0 | — |
| Net Profit | 115,425,000.0 | 215,586,000.0 | 46,887,000.0 | -89,885,000.0 | — |
| EPS | 0.9 | 1.6 | 0.3 | -0.7 | — |
Upwork Inc. Balance Sheet
| Line Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
| Total Assets | 1,299,580,000.0 | 1,211,613,000.0 | 1,037,541,000.0 | 1,080,245,000.0 | — |
| Total Liabilities | 669,265,000.0 | 636,236,000.0 | 656,466,000.0 | 831,366,000.0 | — |
| Total Equity | 630,315,000.0 | 575,377,000.0 | 381,075,000.0 | 248,879,000.0 | — |
Owes vs Owns
Upwork Inc. owed $0.52 for every $1 it owned in Jun 2026, down from $0.77 in Dec 2022.
| Period | Jun 2026 | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
| Owes vs Owns | 0.52× | 0.51× | 0.53× | 0.63× | 0.77× |
Everything the company owes ÷ everything it owns. Below 1× it owns more than it owes; above 1× it owes more than it owns.
Upwork Inc. Assets & Liabilities Breakdown (USD millions)
What it owns — Dec 2025
Cash & short-term investments 51.8%Receivables 5.9%Fixed assets (tangible) 3.8%Intangible assets 14.3%Other assets 24.2%
How it's funded — Dec 2025
Short-term debt 27.7%Long-term debt 0.7%Payables 0.6%Other liabilities 22.5%Shareholders' equity 48.5%
| Line Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | 672.8 | 622.1 | 550.1 | 686.6 |
| Receivables | 76.2 | 75.5 | 103.1 | 64.9 |
| Inventory | 0.0 | 0.0 | 0.0 | 0.0 |
| Fixed assets (tangible) | 49.4 | 35.8 | 31.5 | 29.7 |
| Intangible assets | 186.4 | 134.1 | 121.3 | 118.2 |
| Long-term investments | 0.0 | 0.0 | 0.0 | 0.0 |
| Other assets | 314.8 | 344.2 | 231.6 | 180.9 |
| Liabilities & equity | ||||
| Short-term debt | 359.8 | 1.6 | 5.7 | 6.5 |
| Long-term debt | 9.7 | 357.9 | 356.1 | 564.3 |
| Payables | 7.9 | 6.1 | 5.1 | 7.5 |
| Other liabilities | 291.9 | 270.6 | 289.6 | 253.1 |
| Shareholders' equity | 630.3 | 575.4 | 381.1 | 248.9 |
| Net tangible assets | 444.0 | 441.3 | 259.8 | 130.7 |
Upwork Inc. Cash Flow
| Line Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
| Operating Activities | 248,259,000.0 | 153,563,000.0 | 52,708,000.0 | 11,497,000.0 | — |
| Investing Activities | -136,939,000.0 | 137,568,000.0 | 88,270,000.0 | -69,468,000.0 | — |
| Financing Activities | -138,005,000.0 | -81,956,000.0 | -139,791,000.0 | 1,143,000.0 | — |