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Upwork Inc. (UPWK)
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UPWK Financials

SEC Filings

UPWK Quarterly Income Statement (USD)

Quarterly ReportTTM
03/31/2026
12/31/2025
09/30/2025
06/30/2025
03/31/2025
12/31/2024
09/30/2024
06/30/2024
790.561M195.483M198.409M201.730M194.939M192.706M191.483M193.776M193.129M
Cost of Goods Sold
177.587M44.641M43.671M45.843M43.432M41.806M42.641M43.408M43.852M
612.974M150.842M154.738M155.887M151.507M150.900M148.842M150.368M149.277M
77.2%77.2%78.0%77.3%77.7%78.3%77.7%77.6%77.3%
Total Operating Expenses
489.639M118.124M126.444M126.129M118.942M112.210M135.259M129.575M131.496M
186.499M43.307M47.055M51.294M44.843M46.152M53.491M50.411M52.465M
296.937M72.595M77.670M74.342M72.330M63.799M79.536M77.369M77.257M
123.335M32.718M28.294M29.758M32.565M38.690M13.583M20.793M17.781M
16.7%16.7%14.3%14.8%16.7%20.1%7.1%10.7%9.2%
145.879M37.710M34.051M35.675M38.443M45.007M18.371M28.884M23.401M
Interest Income
27.400M6.500M7.400M6.100M7.400M7.800M7.000M6.900M
2.000M700K600K700K700K600K700K
Other Income/Expense
22.544M4.992M5.757M5.917M5.878M6.317M4.788M8.091M5.620M
109.156M31.461M15.634M29.335M32.726M37.730M147.166M27.758M22.220M
36.723M6.249M18.417M6.340M5.717M7.277M-128.795M1.126M1.181M
16.1%16.1%7.9%14.5%16.8%19.6%76.9%14.3%11.5%
174.184M47.906M41.252M39.821M45.205M50.070M24.293M32.131M27.889M
24.5%24.5%20.8%19.7%23.2%26.0%12.7%16.6%14.4%
26.905M9.496M7.201M4.146M6.062M5.063M5.922M3.247M4.488M
0.840.250.120.220.250.281.100.210.17
0.800.240.110.210.240.271.030.200.17
128.100M128.100M130.619M136.981M132.183M135.208M134.265M132.603M131.436M
135.700M135.700M139.414M139.666M140.198M142.777M143.098M139.294M138.266M

UPWK Annual Income Statement (USD)

Annual Report
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
787.784M769.325M689.136M618.318M502.797M373.628M300.562M253.354M
Cost of Goods Sold
174.752M174.094M170.450M160.402M135.508M104.267M88.144M81.458M
613.032M595.231M518.686M457.916M367.289M269.361M212.418M171.896M
77.8%77.4%75.3%74.1%73.0%72.1%70.7%67.8%
Total Operating Expenses
483.725M530.025M529.946M550.540M421.506M291.769M231.150M183.608M
189.344M209.283M177.363M154.553M119.083M83.471M64.027M55.488M
288.141M314.014M339.606M370.834M296.375M204.743M163.218M122.299M
129.307M65.206M-11.260M-92.624M-54.217M-22.408M-18.732M-11.712M
16.4%8.5%-1.6%-15.0%-10.8%-6.0%-6.2%-4.6%
153.176M90.427M48.877M-89.349M-56.118M-22.717M-16.631M-19.892M
Interest Income
13.500M30.700M
700K2.700M4.483M2.180M778K1.306M2.038M
Other Income/Expense
23.869M25.221M60.137M3.275M-1.901M-309K2.101M-8.180M
115.425M215.586M46.887M-89.885M-56.240M-22.867M-16.659M-19.907M
37.751M-125.159M1.990M536K122K150K28K15K
14.7%28.0%6.8%-14.5%-11.2%-6.1%-5.5%-7.9%
163.453M110.777M61.595M-73.730M-40.132M-7.907M-5.880M-12.905M
20.7%14.4%8.9%-11.9%-8.0%-2.1%-2.0%-5.1%
22.472M17.650M12.718M11.136M13.806M14.032M9.445M4.949M
0.871.610.35-0.69-0.44-0.19-0.15-0.19
0.831.520.34-0.69-0.44-0.19-0.15-0.19
130.619M133.621M134.774M130.518M127.164M118.699M109.815M103.721M
139.414M143.152M137.263M130.518M127.164M118.699M109.815M103.721M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

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
Industrials / Staffing & Employment Services
Sector
Industrials
Industry
Staffing & Employment Services
CEO
Hayden Brown