Upwork Inc.
Rank #85Capital ReturnUPWK · Nasdaq · Communication Services
Upwork Inc. (UPWK) — Rank #85 by gross profitability (GP/assets 0.48) · ROE 18.9% · Piotroski F-Score 6 / 9.
As-of 2026-09-15 · CIK 0001627475 · all metrics point-in-time as of the filing date.
About
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.
Show moreShow less
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.
- Industry
- Internet Content & Information
- Sector
- Communication Services
- State
- DE
- Filer Category
- Large accelerated filer
- Fiscal Year End
- December 31
- Website
- upwork.com
Financials
Strengthening
Direction over 5 fiscal years
- Free cash flowimproving
- Gross marginstable
- Gross profitabilityimproving
- Net cashimproving
- Operating marginimproving
- Return on equityimproving
- Share count (dilution)improving
Monitoring diagnostic of business direction — not a prediction of returns.
Each fiscal year is read as-of that year’s own 10-K filing, so nothing restated after the fact leaks backwards. Line items this filer never tagged are omitted. Hover or tap a badge for the diagnostic behind it.
| Fiscal year end | 2025-12-31filed 2026-02-13 | 2024-12-31filed 2025-02-13 | 2023-12-31filed 2024-02-15 | 2022-12-31filed 2023-02-16 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 787.8 | 769.3 | 689.1 | 618.3 |
| Revenue growth (YoY) | 2.4% | 11.6% | 11.5% | 23.0% |
| Gross profit | 613.0 | 595.2 | 518.7 | 457.9 |
| Gross margin | 77.8% | 77.4% | 75.3% | 74.1% |
| Net income | 115.4 | 215.6 | 46.9 | (89.9) |
| Net margin | 14.7% | 28.0% | 6.8% | -14.5% |
| EPS (diluted) | $0.84 | $1.52 | $0.06 | -$0.69 |
| EPS growth (YoY) | -44.7% | 2433.3% | 108.7% | — |
| Cash flow | ||||
| Operating cash flow | 248.3 | 153.6 | 27.2 | 6.6 |
| Capital expenditures | 5.8 | 3.5 | 0.7 | 1.2 |
| Free cash flow | 242.5 | 150.0 | 26.5 | 5.3 |
Figures are as originally filed with the SEC (point-in-time), not restated, so they can differ slightly from sites that show later-restated numbers. Why point-in-time?