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Upwork Inc. (UPWK)
Communication Services · Internet Content & Information · NasdaqGS
Upwork Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $164.44M | $202.55M | $253.35M | $300.56M | $373.63M | $502.80M | $618.32M | $689.14M | $769.33M | $787.78M |
| Gross profit | $101.87M | $137.11M | $171.90M | $212.42M | $269.36M | $367.29M | $457.92M | $518.69M | $595.23M | $613.03M |
| Net income | $-16.23M | $-4.12M | $-19.91M | $-16.66M | $-22.87M | $-56.24M | $-89.89M | $46.89M | $215.59M | $115.42M |
| Net margin | -9.9% | -2.0% | -7.9% | -5.5% | -6.1% | -11.2% | -14.5% | 6.8% | 28.0% | 14.7% |
Source: Upwork Inc. SEC filings (10-K).
Explore 10 years of Upwork Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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About 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.
Upwork Inc. — frequently asked questions
What is Upwork Inc.'s revenue?
Upwork Inc. (UPWK) reported revenue of $787.78M for fiscal year 2025, up 2.4% from the prior year, according to its SEC filings.
Is Upwork Inc. profitable?
Yes. UPWK earned net income of $115.42M in fiscal 2025, a net margin of 14.7%.
What is UPWK's P/E ratio?
Upwork Inc. trades at a price-to-earnings ratio of about 10.7 based on the latest data in our nightly-refreshed cache.
How fast is Upwork Inc. growing?
UPWK's revenue grew at roughly 16.1% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
Where does this data come from?
All figures are computed from Upwork Inc.'s official SEC filings (10-K and 10-Q), covering 10 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.