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Upwork Inc. (UPWK)
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Upwork Inc. (UPWK) EV/Sales Ratio: 1.45x

popular:market cap|pe ratio|revenue|price history|total return

Is Upwork Inc.’s EV/Sales ratio high or low?

Upwork Inc.'s EV/Sales ratio of 1.45x is 68% below its 5-year average of 4.48x, near the low end of its 5-year range (1.45x–18.64x).

As of Saturday, June 20, 2026. 47.45% below its 12-month average of 2.76x.

EV/EBITDA|P/S Ratio|Revenue|All Metrics

UPWK EV/Sales Ratio Chart

UPWK EV/Sales Ratio
1.45x-43.36% 1Y
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UPWK Average EV/Sales Ratio Chart

UPWK Current vs Average EV/Sales Ratio Chart

UPWK EV/Sales Ratio Metrics

EV/SALES RATIO

1.45x

EV/SALES RATIO AVG TTM

2.76x

EV/SALES RATIO AVG 3Y

2.81x

EV/SALES RATIO AVG 5Y

3.31x

EV/SALES RATIO AVG 10Y

N/A

EV/SALES RATIO AVG 15Y

N/A

EV/SALES RATIO AVG 20Y

N/A

CURRENT VS TTM AVG

-47.45%

CURRENT VS 3Y AVG

-48.46%

CURRENT VS 5Y AVG

-56.25%

CURRENT VS 10Y AVG

N/A

CURRENT VS 15Y AVG

N/A

CURRENT VS 20Y AVG

N/A

UPWK Competitors' EV/Sales Ratio

NAMEMARKET CAPEV/SALES RATIOTTM3Y5Y
Upwork Inc. (UPWK)$994.32M1.45x2.76x2.81x3.31x
AIAI Holdings Corporation Class A Common Stock (AIAI)vs ›$1.17BN/AN/AN/AN/A
Kforce Inc. (KFRC)vs ›$809.39M0.67x0.51x0.70x0.76x
Ameresco, Inc. (AMRC)vs ›$1.52B1.75x1.78x1.95x2.32x
T1 Energy Inc (TE)vs ›$1.62B2.34x6.22x35.09x35.09x
Wheels Up Experience Inc. (UP)vs ›$284.04M0.50x1.37x1.18x0.98x
SCHMID Group N.V. Class A Ordinary Shares (SHMD)vs ›$281.63M3.43x2.57x1.75x1.75x
Ampco-Pittsburgh Corporation (AP)vs ›$219.53M0.79x0.56x0.45x0.44x
Preformed Line Products Company (PLPC)vs ›$1.88B2.68x1.77x1.32x1.11x
Enerpac Tool Group Corp. (EPAC)vs ›$1.93B3.23x3.50x3.54x3.16x

Understanding EV/Sales

Enterprise Value (EV) = Market Cap + Total Debt - Cash

Sales = Total Revenue (TTM)

EV/Sales is commonly used because:

  • It works for unprofitable companies where P/E doesn't apply
  • Revenue is harder to manipulate than earnings
  • It supports comparisons across companies at different profitability stages
  • It is frequently used for software and other revenue-growth-focused companies

Note: EV/Sales does not include margin, debt maturity, cash conversion, or growth durability by itself.

Upwork Inc. EV/Sales Ratio Formula & Definition

EV/Sales = Enterprise Value / Revenue (TTM)

Enterprise value to sales compares total company value to revenue, useful across capital structures and for unprofitable companies.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Upwork Inc. EV/Sales Ratio FAQ

What is the EV/Sales ratio for Upwork Inc. (UPWK)?
The EV/Sales ratio for UPWK stock is 1.45x.
Is Upwork Inc.'s EV/Sales ratio high or low?
Upwork Inc.'s EV/Sales ratio of 1.45x is 68% below its 5-year average of 4.48x, near the low end of its 5-year range (1.45x–18.64x).
What is the TTM average EV/Sales ratio for Upwork Inc. (UPWK)?
The TTM average EV/Sales ratio for UPWK stock is 2.76x.
What is the 3Y average EV/Sales ratio for Upwork Inc. (UPWK)?
The 3Y average EV/Sales ratio for UPWK stock is 2.81x.
What is the 5Y average EV/Sales ratio for Upwork Inc. (UPWK)?
The 5Y average EV/Sales ratio for UPWK stock is 3.31x.

Upwork Inc. EV/Sales Ratio History

DATEEV/SALES RATIO
2026-06-181.45x
2026-06-171.45x
2026-06-161.51x
2026-06-151.52x
2026-06-121.52x
2026-06-111.52x
2026-06-101.54x
2026-06-091.58x
2026-06-081.59x
2026-06-051.57x
2026-06-041.56x
2026-06-031.53x
2026-06-021.61x
2026-06-011.67x
2026-05-291.58x
2026-05-281.54x
2026-05-271.55x
2026-05-261.54x
2026-05-221.58x
2026-05-211.51x
2026-05-201.55x
2026-05-191.52x
2026-05-181.57x
2026-05-151.47x
2026-05-141.45x
2026-05-131.50x
2026-05-121.50x
2026-05-111.58x
2026-05-081.58x
2026-05-071.89x
2026-05-061.89x
2026-05-051.93x
2026-05-041.97x
2026-05-011.96x
2026-04-301.94x
2026-04-291.94x
2026-04-281.94x
2026-04-271.99x
2026-04-241.99x
2026-04-231.96x
2026-04-222.11x
2026-04-212.07x
2026-04-202.07x
2026-04-172.10x
2026-04-162.06x
2026-04-152.10x
2026-04-142.06x
2026-04-132.05x
2026-04-101.99x
2026-04-091.95x
2026-04-082.06x
2026-04-072.05x
2026-04-062.11x
2026-04-022.04x
2026-04-012.08x
2026-03-312.04x
2026-03-301.98x
2026-03-272.03x
2026-03-262.09x
2026-03-252.11x
2026-03-242.08x
2026-03-232.13x
2026-03-202.10x
2026-03-192.11x
2026-03-182.24x
2026-03-172.29x
2026-03-162.22x
2026-03-132.27x
2026-03-122.20x
2026-03-112.30x
2026-03-102.30x
2026-03-092.46x
2026-03-062.45x
2026-03-052.46x
2026-03-042.48x
2026-03-032.43x
2026-03-022.43x
2026-02-272.48x
2026-02-262.56x
2026-02-252.40x
2026-02-242.41x
2026-02-232.32x
2026-02-202.44x
2026-02-192.46x
2026-02-182.54x
2026-02-172.36x
2026-02-132.45x
2026-02-122.43x
2026-02-112.73x
2026-02-102.86x
2026-02-093.50x
2026-02-063.53x
2026-02-053.33x
2026-02-043.19x
2026-02-033.41x
2026-02-023.71x
2026-01-303.72x
2026-01-293.90x
2026-01-283.81x
2026-01-273.95x
2026-01-264.05x
2026-01-234.10x
2026-01-223.92x
2026-01-213.66x
2026-01-203.63x
2026-01-163.70x
2026-01-153.75x
2026-01-143.74x
2026-01-133.76x
2026-01-123.79x
2026-01-093.73x
2026-01-083.79x
2026-01-073.87x
2026-01-063.77x
2026-01-053.83x
2026-01-023.69x
2025-12-313.69x
2025-12-303.64x
2025-12-293.77x
2025-12-263.87x
2025-12-243.89x
2025-12-233.87x
2025-12-223.95x
2025-12-193.83x
2025-12-183.80x
2025-12-173.75x
2025-12-163.98x
2025-12-153.97x
2025-12-124.07x
2025-12-114.06x
2025-12-103.80x
2025-12-093.89x
2025-12-083.70x
2025-12-053.73x
2025-12-043.64x
2025-12-033.67x
2025-12-023.81x
2025-12-013.70x
2025-11-283.67x
2025-11-263.64x
2025-11-253.66x
2025-11-243.46x
2025-11-213.34x
2025-11-203.21x
2025-11-193.39x
2025-11-183.20x
2025-11-173.04x
2025-11-143.09x
2025-11-133.19x
2025-11-123.19x
2025-11-113.35x
2025-11-103.29x
2025-11-073.26x
2025-11-063.03x
2025-11-053.07x
2025-11-043.31x
2025-11-032.94x
2025-10-312.99x
2025-10-303.06x
2025-10-293.17x
2025-10-283.25x
2025-10-273.03x
2025-10-243.01x
2025-10-233.03x
2025-10-223.01x
2025-10-213.13x
2025-10-203.13x
2025-10-173.04x
2025-10-163.14x
2025-10-153.15x
2025-10-143.18x
2025-10-133.21x
2025-10-103.15x
2025-10-093.26x
2025-10-083.34x
2025-10-073.20x
2025-10-063.26x
2025-10-033.24x
2025-10-023.40x
2025-10-013.32x
2025-09-303.47x
2025-09-293.55x
2025-09-263.58x
2025-09-253.60x
2025-09-243.72x
2025-09-233.67x
2025-09-223.61x
2025-09-193.74x
2025-09-183.66x
2025-09-173.39x
2025-09-163.21x
2025-09-153.15x
2025-09-123.16x
2025-09-113.07x
2025-09-102.99x
2025-09-093.01x
2025-09-083.00x
2025-09-053.04x
2025-09-043.15x
2025-09-033.09x
2025-09-023.00x
2025-08-292.89x
2025-08-282.81x
2025-08-272.79x
2025-08-262.84x
2025-08-252.81x
2025-08-222.81x
2025-08-212.79x
2025-08-202.68x
2025-08-192.62x
2025-08-182.64x
2025-08-152.61x
2025-08-142.59x
2025-08-132.66x
2025-08-122.58x
2025-08-112.54x
2025-08-082.49x
2025-08-072.57x
2025-08-062.27x
2025-08-052.29x
2025-08-042.31x
2025-08-012.26x
2025-07-312.30x
2025-07-302.32x
2025-07-292.43x
2025-07-282.47x
2025-07-252.51x
2025-07-242.54x
2025-07-232.64x
2025-07-222.62x
2025-07-212.56x
2025-07-182.54x
2025-07-172.57x
2025-07-162.55x
2025-07-152.48x
2025-07-142.49x
2025-07-112.48x
2025-07-102.57x
2025-07-092.62x
2025-07-082.59x
2025-07-072.58x
2025-07-032.61x
2025-07-022.58x
2025-07-012.59x
2025-06-302.57x
2025-06-272.61x
2025-06-262.60x
2025-06-252.56x
2025-06-242.55x
2025-06-232.51x
2025-06-202.52x
2025-06-182.56x
2025-06-172.60x
2025-06-162.63x
2025-06-132.65x
2025-06-122.76x
2025-06-112.78x
2025-06-102.93x
2025-06-092.95x
2025-06-062.94x

Showing the most recent 260 of 1,937 data points. The chart above shows the full history.

Related Metrics

EV/EBITDAP/S RatioRevenueAll Metrics

About Upwork Inc.

Upwork Inc., operating alongside its subsidiaries, provides a leading online work marketplace that connects businesses globally with independent professionals and agencies, spanning the United States, India, the Philippines, and other international markets. The platform grants clients access to a vast and diverse pool of talent, covering a wide array of specializations. These include key areas like sales and marketing, customer service, data science and analytics, creative design, and various aspects of web, mobile, and software development. Beyond talent acquisition, the marketplace also streamlines key operational workflows for businesses, such as sourcing candidates, managing outreach, and facilitating contract agreements. To support effective remote collaborations, Upwork offers a suite of functionalities, including robust communication and collaboration tools, simplified invoicing directly through the platform, and comprehensive payment protection. Upwork's marketplace offerings encompass various service tiers, such as Upwork Basic, Plus, Enterprise, and Payroll solutions, alongside managed and internet escrow agency services. Originally incorporated in 2013 and initially known as Elance-oDesk, Inc., the company rebranded to Upwork Inc. in May 2015. It maintains its headquarters in San Francisco, California.

Palo Alto, CA
600 employees
www.upwork.com
Industrials / Staffing & Employment Services
Sector
Industrials
Industry
Staffing & Employment Services
CEO
Hayden Brown
View full financials