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Home CompaniesUpwork Inc

Upwork Inc

Communication Services Internet Content & Information
PortfolioPortfolio WatchlistWatchlist
Company price
10.02 USD -0.30 ( 2.91%)
Last update at 2026-11-06T21:05:00Z
VOLUME
2575697
Market Cap
1076.04M
P/E
11.19

Momentum Score

…

Upwork Inc., together with its subsidiaries, provides platforms and workforce solutions that connect businesses with freelance, agency, fractional, and payrolled talent in the United States, the Philippines, India, Pakistan, and internationally. The company offers Upwork Marketplace, a human and AI-powered work marketplace that connects businesses with on-demand access to independent talent across a range of categories, including AI-related projects, administrative support, sales and marketing, design and creative, and customer service, as well as web, mobile, and software development. Its marketplace also streamlines workflows, such as talent sourcing, outreach, contracting, and engagement management, as well as provides infrastructure for remote collaboration, including communication and collaboration tools, consolidated invoicing, and payment protection; and Upwork Payroll services. It also offers enterprise solutions that provide access to platform capabilities that support contingent workforce solutions, including sourcing, onboarding, classification, compliance and contract management, payments, and reporting. In addition, the company offers managed services that provide a service-led program management and end-to-end project delivery solution that enables enterprise clients to outsource defined functions or projects; Uma, an AI assistant; 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 founded in 1998 and is headquartered in Palo Alto, California.

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

Day Price Range
9.97
Low
10.21
High
52 Week Price Range
7.44
Low
22.84
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Upwork Inc operates a global online marketplace that connects businesses with freelance talent and generates revenue from transaction fees and subscription and enterprise services. Long-term growth could be supported by persistent remote-work trends, broader digitization of services and greater enterprise adoption. The company appears positioned to benefit from network effects, a scalable model and potential operating leverage as enterprise revenue grows.

It faces risks from strong competition, sensitivity of freelance demand to economic cycles, regulatory uncertainty over worker classification and execution risk in expanding enterprise sales while maintaining platform trust.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
10.32
Dividend Yield
-
Revenue TTM
787.28M
Revenue Per Share
6.12
Gross Profit TTM
608.11M
Debt / Equity
0.60
ROE
16.70%
Net Debt
82.90M
ROCE
21.71%
Diluted EPS TTM
0.77

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 153.18M 90.43M 48.88M -89.35M -56.12M
Net income 115.42M 215.59M 46.89M -89.89M -56.24M
Selling general administrative 144.73M 128.80M 118.92M 123.95M 113.08M
Selling and marketing expenses 143.41M 185.21M 220.68M 246.88M 183.29M
Gross profit 613.03M 595.23M 518.69M 457.92M 367.29M
Reconciled depreciation 26.45M 17.65M 12.72M 11.14M 13.81M
Ebit 140.98M 93.13M 48.88M -92.62M -54.22M
Ebitda 163.45M 110.78M 61.59M -73.73M -40.13M
Depreciation and amortization 22.47M 17.65M 12.72M 18.89M 14.09M
Non operating income net other - - - 7.76M 0.28M
Operating income 129.31M 65.21M -11.26M -92.62M -54.22M
Other operating expenses 658.48M 704.12M 700.40M 710.94M 557.01M
Interest expense 0.70M 2.70M 1.00M 4.48M 2.18M
Tax provision 37.75M -125.16M 1.99M 0.54M 0.12M
Net interest income - - -3.65M -4.48M -2.18M
Income tax expense 37.75M -125.16M 1.99M 0.54M 0.12M
Total revenue 787.78M 769.33M 689.14M 618.32M 502.80M
Total operating expenses 483.73M 530.02M 529.95M 550.54M 421.51M
Cost of revenue 174.75M 174.09M 170.45M 160.40M 135.51M
Total other income expense net 23.87M 25.22M 60.14M 3.27M -1.90M
Net income from continuing ops 115.42M 215.59M 46.89M -89.89M -56.24M
Net income applicable to common shares - - - -89.89M -56.24M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 1299.58M 1211.61M 1037.54M 1080.24M 1081.06M
Intangible assets 37.16M 12.99M 3.05M - -
Other current assets 201.82M 213.46M 226.61M 17.95M 178.06M
Total liab 669.26M 636.24M 656.47M 831.37M 821.54M
Total stockholder equity 630.32M 575.38M 381.07M 248.88M 259.52M
Other current liab 94.02M 242.02M 264.89M 208.57M 200.24M
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 36.95M -78.48M -294.06M -340.95M -251.06M
Other liab - - - 8.24M 9.86M
Good will 149.19M 121.06M 118.22M 118.22M 118.22M
Other assets - - - 1.45M 1.18M
Cash 297.96M 305.76M 83.24M 129.38M 187.21M
Total current liabilities 650.17M 268.43M 293.00M 247.69M 233.63M
Current deferred revenue 7.76M 7.27M 17.36M 25.07M 22.08M
Net debt 82.90M 63.36M 284.62M 452.56M 397.16M
Short term debt 359.77M 1.62M 5.69M 6.50M 6.32M
Short long term debt 359.77M - - - -
Short long term debt total 380.86M 369.12M 367.86M 581.94M 584.37M
Other stockholder equity 592.60M 653.58M 674.92M 592.90M 510.57M
Property plant equipment - - - 22.06M 21.33M
Total current assets 950.83M 911.05M 883.37M 930.91M 929.65M
Net tangible assets - - - 248.88M 259.52M
Short term investments 378.43M 316.34M 470.46M 557.23M 497.57M
Net receivables 76.24M 75.49M 103.06M 64.89M 66.83M
Long term debt - 357.93M 356.09M 564.26M 561.30M
Inventory - - - 161.46M -
Accounts payable 188.61M 6.13M 5.06M 7.55M 5.00M
Accumulated other comprehensive income 0.75M 0.26M 0.20M -3.08M -
Common stock total equity - - - 0.01M 0.01M
Retained earnings total equity - - - -340.95M -251.06M
Non currrent assets other 1.47M 1.92M 0.63M 1.45M 1.18M
Non current assets total 348.75M 300.56M 154.17M 149.34M 151.41M
Capital lease obligations 11.38M 11.19M 11.78M 17.68M 23.07M
Long term debt total - - - 564.26M 561.30M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments -53.39M 137.57M 114.67M -60.73M -422.84M
Change to liabilities - - - 6.27M 8.81M
Total cashflows from investing activities -136.94M 137.57M 88.27M -69.47M -428.98M
Net borrowings - 0.00M -171.33M - 549.39M
Total cash from financing activities -138.00M -81.96M -139.79M 6.08M 537.74M
Change to operating activities - - - -2.33M 2.13M
Net income 115.42M 215.59M 46.89M -89.89M -56.24M
Change in cash -26.68M 209.18M 1.19M -56.83M 119.59M
Begin period cash flow 505.59M 296.42M 295.23M 352.06M 232.46M
End period cash flow 478.91M 505.59M 296.42M 295.23M 352.06M
Total cash from operating activities 248.26M 153.56M 52.71M 6.56M 10.84M
Depreciation 26.45M 17.65M 12.72M 11.14M 13.81M
Other cashflows from investing activities -11.15M -10.92M -15.66M -7.49M -5.11M
Change to inventory - - 0.00M - 2.13M
Change to account receivables -3.28M -4.80M -22.18M -20.23M -24.61M
Sale purchase of stock -135.96M -100.00M 0.00M 3.79M 4.79M
Other cashflows from financing activities -6.73M 18.04M 31.54M 6.08M 548.49M
Change to netincome - - - 76.25M 63.08M
Capital expenditures 5.79M 14.44M 16.35M 8.73M 6.14M
Change receivables - - - -20.23M -24.61M
Cash flows other operating - - - 32.68M 18.32M
Cash and cash equivalents changes - - - -56.83M 119.59M
Change in working capital 21.40M -14.99M -39.24M -15.72M -16.47M
Stock based compensation 65.39M 68.39M 74.19M 75.50M 53.59M
Other non cash items 1.10M -3.81M -41.85M 25.53M 1.18M
Free cash flow 242.47M 139.12M 36.36M -2.17M 4.70M

Peer Comparison*

Sector: Communication Services Industry: Internet Content & Information

Stock Name
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		 -0.30
2.91%		 10.02 11.19 5.82 1.37 1.77 1.08 5.54
GOOGL
Alphabet Inc Class A		 2.43
0.86%		 285.00 17.55 22.73 9.46 6.87 9.29 12.67
GOOG
Alphabet Inc Class C		 1.66
0.59%		 283.40 17.36 22.47 9.37 6.79 9.29 12.67
META
Meta Platforms Inc.		 4.83
0.80%		 609.91 25.07 19.72 7.48 6.49 7.53 15.30
TCEHY
Tencent Holdings Ltd ADR		 -0.77
1.42%		 53.59 14.57 11.89 0.64 2.94 4.22 10.99

Profile*

Upwork Inc

Upwork Inc., together with its subsidiaries, provides platforms and workforce solutions that connect businesses with freelance, agency, fractional, and payrolled talent in the United States, the Philippines, India, Pakistan, and internationally. The company offers Upwork Marketplace, a human and AI-powered work marketplace that connects businesses with on-demand access to independent talent across a range of categories, including AI-related projects, administrative support, sales and marketing, design and creative, and customer service, as well as web, mobile, and software development. Its marketplace also streamlines workflows, such as talent sourcing, outreach, contracting, and engagement management, as well as provides infrastructure for remote collaboration, including communication and collaboration tools, consolidated invoicing, and payment protection; and Upwork Payroll services. It also offers enterprise solutions that provide access to platform capabilities that support contingent workforce solutions, including sourcing, onboarding, classification, compliance and contract management, payments, and reporting. In addition, the company offers managed services that provide a service-led program management and end-to-end project delivery solution that enables enterprise clients to outsource defined functions or projects; Uma, an AI assistant; 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 founded in 1998 and is headquartered in Palo Alto, California.

530 Lytton Avenue, Palo Alto, CA, United States, 94301

650 316 7500

https://www.upwork.com

630

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

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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