UPWORK, INC
About UPWORK, INC
Upwork Inc is a United States-based company that operates an online marketplace that enables businesses to find and work with skilled independent professionals. The company develops platform for hiring and freelancing purposes and connects businesses with AI-enabled talent across every on-demand work type, including freelance, agency, fractional, and payrolled. The business generates revenue from Talent and Clients across the USA, India, Pakistan, the Philippines and the rest of the world. Maximum revenue of the company is derived from Talent segment.
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Financial summary
- Revenue FY2025
- $787.8M
- Net income
- $115.4M
- Total assets
- $1.3B
- Market cap
- $1.1B
- Gross margin
- 77.8%
- Operating margin
- 16.4%
- Net margin
- 14.7%
Source: SEC EDGAR · updated Jun 7, 2026
Revenue & profit trend
Financial statements
Income statement
- Revenue
- $787.8M
- Cost of revenue
- $174.8M
- Gross profit
- $613.0M
- Operating expenses
- $483.7M
- Operating income
- $129.3M
- Income tax
- $37.8M
- Net income
- $115.4M
- EPS (basic)
- $0.87
- EPS (diluted)
- $0.84
Balance sheet
- Total assets
- $1.3B
- Current assets
- $950.8M
- Total liabilities
- $669.3M
- Current liabilities
- $650.2M
- Shareholders’ equity
- $630.3M
Cash flow
- Operating cash flow
- $248.3M
- Investing cash flow
- -$136.9M
- Financing cash flow
- -$138.0M
- Net cash flow
- -$26.7M
Statements via Polygon.io (SEC filings)
15-minute delayed · data by Polygon.io
Past year
52-week range
- Market cap
- $1.1B
- P/E ratio
- 10.6
- EPS (diluted)
- $0.84
- Shares outstanding
- 122.0M
- Open
- —
- Day range
- –
- Prev close
- —
- Volume
- —
- IPO date
- Oct 3, 2018
Market data by Polygon.io · prices are 15-minute delayed
At a glance
- Profitable — net income of $115.4M in FY2025.
- Revenue grew 57% from FY2021 to FY2025.
- Gross margin of 77.8%, net margin 14.7%.
- Trading 60% below its 52-week high.
- Valued at a price-to-earnings (P/E) ratio of 10.6.
Automatically generated from public filings and market data. Informational only — not investment advice or a recommendation to buy or sell any security.
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News about UPWORK, INC
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