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Upwork Inc

Communication Services US UPWK

12.38USD
-0.95(7.13%)

Last update at 2026-03-10T20:23:00Z

Day Range

12.3613.31
LowHigh

52 Week Range

8.1516.36
LowHigh

Fundamentals

  • Previous Close 13.33
  • Market Cap1431.90M
  • Volume3619459
  • P/E Ratio32.73
  • Dividend Yield-%
  • EBITDA30.00M
  • Revenue TTM719.21M
  • Revenue Per Share TTM5.30
  • Gross Profit TTM 457.92M
  • Diluted EPS TTM0.33

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Analyst Recommendations

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -89.34900M -56.11800M -22.71700M -16.63100M -19.89200M
Minority interest - - - - -
Net income -89.88500M -56.24000M -22.86700M -16.65900M -19.90700M
Selling general administrative 123.95M 113.08M 71.52M 67.33M 49.34M
Selling and marketing expenses 246.88M 183.29M 133.22M 95.89M 72.96M
Gross profit 457.92M 367.29M 269.36M 212.42M 171.90M
Reconciled depreciation 11.14M 13.81M 14.03M 10.61M 4.95M
Ebit -92.62400M -54.21700M -22.40800M -18.73200M -17.85400M
Ebitda -73.73000M -40.13200M -7.90700M -4.71900M -12.90500M
Depreciation and amortization 18.89M 14.09M 14.50M 14.01M 4.95M
Non operating income net other 7.76M 0.28M 0.47M 3.41M -6.14200M
Operating income -92.62400M -54.21700M -22.40800M -18.73200M -11.71200M
Other operating expenses 710.94M 557.01M 396.04M 319.29M 265.07M
Interest expense 4.48M 2.18M 0.78M 1.31M 2.04M
Tax provision 0.54M 0.12M 0.15M 0.03M 0.01M
Interest income - - - 1.31M 2.04M
Net interest income -4.48300M -2.18000M -0.77800M -1.30600M -2.03800M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 0.54M 0.12M 0.15M 0.03M 0.01M
Total revenue 618.32M 502.80M 373.63M 300.56M 253.35M
Total operating expenses 550.54M 421.51M 291.77M 231.15M 183.61M
Cost of revenue 160.40M 135.51M 104.27M 88.14M 81.46M
Total other income expense net 3.27M -1.90100M -0.30900M 2.10M -6.14200M
Discontinued operations - - - - -
Net income from continuing ops -89.88500M -56.24000M -22.86700M -16.65900M -19.90700M
Net income applicable to common shares -89.88500M -56.24000M -22.86700M -16.65900M -19.90700M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 1037.54M 1080.24M 1081.06M 529.23M 446.38M
Intangible assets 3.05M - - 0.67M 3.33M
Earning assets - - - - -
Other current assets 226.61M 17.95M 178.06M 144.13M 116.61M
Total liab 656.47M 831.37M 821.54M 229.92M 186.96M
Total stockholder equity 381.07M 248.88M 259.52M 299.31M 259.42M
Deferred long term liab - - - - -
Other current liab 264.89M 208.57M 200.24M 167.91M 127.06M
Common stock 0.01M 0.01M 0.01M 0.01M 0.01M
Capital stock 0.01M 0.01M 0.01M 0.01M 0.01M
Retained earnings -294.06200M -340.94900M -251.06400M -194.82400M -171.95700M
Other liab - 8.24M 9.86M 7.52M 5.97M
Good will 118.22M 118.22M 118.22M 118.22M 118.22M
Other assets - 1.45M 1.18M 1.67M 0.83M
Cash 83.24M 129.38M 187.21M 94.08M 48.39M
Cash and equivalents - - - - -
Total current liabilities 293.00M 247.69M 233.63M 198.75M 149.10M
Current deferred revenue 17.36M 25.07M 22.08M 16.80M 13.80M
Net debt 284.62M 452.56M 397.16M -62.85200M -8.92300M
Short term debt 5.69M 6.50M 6.32M 7.58M 7.58M
Short long term debt - - - 7.58M 7.58M
Short long term debt total 367.86M 581.94M 584.37M 31.23M 39.47M
Other stockholder equity 674.92M 592.90M 510.57M 494.12M 603.33M
Property plant equipment - 22.06M 21.33M 28.14M 43.36M
Total current assets 883.37M 930.91M 929.65M 360.80M 280.63M
Long term investments - - - - -
Net tangible assets - 248.88M 259.52M 299.31M 137.87M
Short term investments 470.46M 557.23M 497.57M 75.57M 85.48M
Net receivables 103.06M 64.89M 66.83M 47.02M 30.16M
Long term debt 356.09M 564.26M 561.30M 3.14M 10.70M
Inventory - 161.46M - - -
Accounts payable 5.06M 7.55M 5.00M 6.46M 0.65M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 0.20M -3.08500M - - -171.95700M
Additional paid in capital - - - - -
Common stock total equity - 0.01M 0.01M 0.01M 0.01M
Preferred stock total equity - - - - -
Retained earnings total equity - -340.94900M -251.06400M -194.82400M -171.95700M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 0.63M 1.45M 1.18M 1.67M 0.83M
Deferred long term asset charges - - - - -
Non current assets total 154.17M 149.34M 151.41M 168.43M 165.75M
Capital lease obligations 11.78M 17.68M 23.07M 24.23M 24.40M
Long term debt total - 564.26M 561.30M 3.14M 10.70M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -60.73500M -422.84300M 10.22M -84.28600M -7.28500M
Change to liabilities 6.27M 8.81M 21.26M -4.41400M 4.46M
Total cashflows from investing activities -69.46800M -428.98000M -4.14600M -100.92400M -7.28500M
Net borrowings - 549.39M -7.62100M -5.67900M -10.00000M
Total cash from financing activities 6.08M 537.74M 54.64M 29.40M 101.07M
Change to operating activities -2.33000M 2.13M 12.39M -6.47900M 1.56M
Net income -89.88500M -56.24000M -22.86700M -16.65900M -19.90700M
Change in cash -56.82700M 119.59M 72.86M -70.46400M 107.53M
Begin period cash flow 352.06M 232.46M 159.60M 230.07M 21.59M
End period cash flow 295.23M 352.06M 232.46M 159.60M 129.13M
Total cash from operating activities 6.56M 10.84M 22.36M 1.06M 13.74M
Issuance of capital stock - - 0.00000M 0.00000M 109.38M
Depreciation 11.14M 13.81M 14.03M 10.61M 4.95M
Other cashflows from investing activities -7.48500M -5.11000M -8.04500M -5.88600M -4.28300M
Dividends paid - - - - -
Change to inventory - 2.13M 12.39M -6.47900M 1.56M
Change to account receivables -20.23000M -24.61000M -20.00000M -10.91800M 3.51M
Sale purchase of stock 3.79M 4.79M 4.91M 6.39M 109.38M
Other cashflows from financing activities 6.08M 548.49M 80.26M 85.08M 16.69M
Change to netincome 76.25M 63.08M 26.30M 19.52M 10.65M
Capital expenditures 8.73M 6.14M 14.37M 16.64M 6.84M
Change receivables -20.23000M -24.61000M -20.00000M -10.91800M 3.51M
Cash flows other operating 32.68M 18.32M 17.93M 14.63M 14.93M
Exchange rate changes - - - - -
Cash and cash equivalents changes -56.82700M 119.59M 72.86M -70.46400M 107.53M
Change in working capital -15.72400M -16.47100M 2.24M -14.42400M 6.78M
Stock based compensation 75.50M 53.59M 25.51M 18.80M 10.36M
Other non cash items 25.53M 1.18M 0.06M 0.05M 0.08M
Free cash flow -2.17400M 4.70M 8.00M -15.58000M 6.90M

Peer Comparison

Sector: Communication Services Industry: Internet Content & Information

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
UPWK
Upwork Inc		 -0.95 7.13% 12.38 32.73 15.72 2.32 4.19 2.05 970.95
GOOGL
Alphabet Inc Class A		 0.68 0.22% 307.04 26.81 23.20 6.41 6.92 6.14 19.27
GOOG
Alphabet Inc Class C		 0.92 0.30% 306.93 27.01 23.42 6.41 6.99 6.14 19.27
META
Meta Platforms Inc.		 6.68 1.03% 654.07 27.55 25.32 9.67 8.52 9.46 21.61
TCTZF
Tencent Holdings Ltd		 5.40 7.98% 73.03 13.50 14.64 0.64 3.44 0.64 1.54

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Profile

Upwork Inc., together with its subsidiaries, operates a work marketplace that connects businesses with various independent professionals and agencies in the United States, India, the Philippines, and internationally. The company's work marketplace provides access to talent with various skills across a range of categories, including administrative support, sales and marketing, design and creative, and customer service, as well as web, mobile, and software development. Its work marketplace also enables clients to streamline workflows, such as talent sourcing, outreach, and contracting. The company's work marketplace offers access to various functionalities for remote engagements with talent, including communication and collaboration, ability to receive talent invoices through their work marketplace, and payment protection. Its marketplace offerings include Upwork Payroll and Upwork Enterprise, as well as managed and escrow services. The company was formerly known as Elance-oDesk, Inc. and changed its name to Upwork Inc. in May 2015. Upwork Inc. was incorporated in 2013 and is headquartered in San Francisco, California.

Upwork Inc

475 Brannan Street, San Francisco, CA, United States, 94107

Key Executives

Name Title Year Born
Ms. Hayden Brown Pres, CEO & Director 1982
Mr. Jeff McCombs Chief Financial Officer NA
Mr. Eric Gilpin Chief Sales Officer 1980
Ms. Elizabeth Tse Sr. VP of Operations 1968
Mr. Olivier Marie Chief Accounting Officer, Treasurer, Principal Accounting Officer & Controller 1970
Mr. Saty Bahadur Chief Technology Officer NA
Denise Garcia Investor Relations Officer NA
Mr. Brian Levey Chief Bus. Affairs & Legal Officer and Sec. 1968
Ms. Amanda Vinson Sr. VP of Corp. Strategy & Devel. 1981
Ms. Melissa Waters Chief Marketing Officer NA

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