Symbols / UPWK
UPWK Chart
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. 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.
Fundamentals
Scroll to Statements| Sector | Communication Services | Industry | Internet Content & Infor | Market Cap | 1.70B |
| Enterprise Value | 1.40B | Income | 115.42M | Sales | 787.78M |
| Book/sh | 4.83 | Cash/sh | 5.16 | Dividend Yield | — |
| Payout | 0.00% | Employees | 630 | IPO | — |
| P/E | 15.50 | Forward P/E | 7.51 | PEG | — |
| P/S | 2.16 | P/B | 2.70 | P/C | — |
| EV/EBITDA | 9.60 | EV/Sales | 1.77 | Quick Ratio | 1.15 |
| Current Ratio | 1.46 | Debt/Eq | 58.88 | LT Debt/Eq | — |
| EPS (ttm) | 0.84 | EPS next Y | 1.73 | EPS Growth | -88.90% |
| Revenue Growth | 3.60% | Earnings | 2026-05-06 | ROA | 6.66% |
| ROE | 19.15% | ROIC | — | Gross Margin | 77.82% |
| Oper. Margin | 14.26% | Profit Margin | 14.65% | Shs Outstand | 130.38M |
| Shs Float | 121.50M | Short Float | 23.82% | Short Ratio | 9.72 |
| Short Interest | — | 52W High | 22.84 | 52W Low | 11.13 |
| Beta | 1.02 | Avg Volume | 3.94M | Volume | 3.66M |
| Target Price | $21.70 | Recom | Buy | Prev Close | $12.51 |
| Price | $13.02 | Change | 4.08% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$21.70
Mean price target
2. Current target
$13.02
Latest analyst target
3. DCF / Fair value
$25.26
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$13.02
Low
$15.00
High
$27.00
Mean
$21.70
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-02-10 | main | UBS | Buy → Buy | $23 |
| 2026-02-10 | main | Roth Capital | Buy → Buy | $23 |
| 2026-02-10 | main | Citigroup | Neutral → Neutral | $17 |
| 2026-02-10 | main | RBC Capital | Sector Perform → Sector Perform | $20 |
| 2026-02-10 | main | Scotiabank | Sector Perform → Sector Perform | $15 |
| 2026-02-10 | reit | Needham | Buy → Buy | $25 |
| 2026-01-05 | main | Jefferies | Buy → Buy | $27 |
| 2025-11-19 | main | UBS | Buy → Buy | $24 |
| 2025-11-19 | reit | Citizens | Market Outperform → Market Outperform | $27 |
| 2025-11-19 | main | Canaccord Genuity | Buy → Buy | $24 |
| 2025-11-19 | main | Goldman Sachs | Buy → Buy | $28 |
| 2025-11-19 | reit | Needham | Buy → Buy | $25 |
| 2025-11-05 | reit | Roth Capital | Buy → Buy | $22 |
| 2025-11-04 | main | Citigroup | Neutral → Neutral | $19 |
| 2025-11-04 | main | Goldman Sachs | Buy → Buy | $25 |
| 2025-11-04 | main | RBC Capital | Sector Perform → Sector Perform | $21 |
| 2025-11-04 | main | Scotiabank | Sector Perform → Sector Perform | $17 |
| 2025-11-04 | main | UBS | Buy → Buy | $23 |
| 2025-11-04 | main | Needham | Buy → Buy | $25 |
| 2025-10-28 | up | UBS | Neutral → Buy | $21 |
- Upwork: Strong Profits, AI Growth Help Offset Shakier Guidance (Downgrade) (NASDAQ:UPWK) - Seeking Alpha ue, 24 Feb 2026 15
- Upwork Stock Sits 80% Below Its Highs. Do Analysts See Recovery? - TIKR.com Mon, 23 Feb 2026 18
- Why Upwork (UPWK) Stock Is Down Today - Yahoo Finance ue, 10 Feb 2026 08
- Investment Advisor Builds Massive Position in Upwork Stock with $6.8 Million Buy - The Motley Fool ue, 24 Feb 2026 17
- Assessing Upwork (UPWK) Valuation After Recent Share Price Weakness And Mixed Long Term Returns - simplywall.st ue, 24 Feb 2026 12
- Upwork Inc. (UPWK) Stock Falls on Q4 2025 Earnings - Quiver Quantitative Mon, 09 Feb 2026 08
- Erica Gessert Sells 26,292 Shares of Upwork (NASDAQ:UPWK) Stock - MarketBeat Fri, 20 Feb 2026 04
- Is Upwork (UPWK) Stock Undervalued Right Now? - Nasdaq hu, 12 Feb 2026 14
- Upwork Stock Plummets 23% After-Hours Today – Here’s Why - Stocktwits ue, 10 Feb 2026 00
- Upwork’s Path To $20: Recovery Or Pipe Dream? - Forbes Wed, 11 Feb 2026 08
- As Upwork Plunges Below Key Support Levels, Should You Buy the UPWK Stock Dip? - Barchart.com ue, 10 Feb 2026 08
- With Upwork Stock Sliding, Have You Assessed The Risk? - Trefis Wed, 11 Feb 2026 06
- Work marketplace Upwork approves $300M share repurchase, total now $600M - Stock Titan Wed, 18 Feb 2026 12
- Upwork (UPWK) Stock Is Up, What You Need To Know - Yahoo Finance hu, 11 Dec 2025 08
- Upwork Stock Plunges 19% After Sharp Selloff. Here’s What’s Driving the Move - TIKR.com hu, 12 Feb 2026 03
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 32662 | 446255.0 | — | Sale at price 13.51 - 13.80 per share. | BOTTOMS DAVID TIMOTHY | Officer | — | 2026-02-19 00:00:00 | D |
| 1 | 26292 | 362887.0 | — | Sale at price 13.80 per share. | GESSERT ERICA | Chief Financial Officer | — | 2026-02-18 00:00:00 | D |
| 2 | 77977 | nan | — | — | GESSERT ERICA | Chief Financial Officer | — | 2026-02-18 00:00:00 | D |
| 3 | 123152 | 1698959.0 | — | Sale at price 13.79 - 13.80 per share. | BROWN HAYDEN LARSON | Chief Executive Officer | — | 2026-02-18 00:00:00 | D |
| 4 | 178061 | nan | — | — | BROWN HAYDEN LARSON | Chief Executive Officer | — | 2026-02-18 00:00:00 | D |
| 5 | 32662 | nan | — | — | BOTTOMS DAVID TIMOTHY | Officer | — | 2026-02-18 00:00:00 | D |
| 6 | 20907 | 431143.0 | — | Sale at price 20.59 - 20.66 per share. | BOTTOMS DAVID TIMOTHY | Officer | — | 2025-12-19 00:00:00 | D |
| 7 | 9044 | 186187.0 | — | Sale at price 20.59 per share. | GESSERT ERICA | Chief Financial Officer | — | 2025-12-18 00:00:00 | D |
| 8 | 18133 | nan | — | — | GESSERT ERICA | Chief Financial Officer | — | 2025-12-18 00:00:00 | D |
| 9 | 23147 | 476550.0 | — | Sale at price 20.59 per share. | BROWN HAYDEN LARSON | Chief Executive Officer | — | 2025-12-18 00:00:00 | D |
Financials
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | 0.00 | 0.00 | 0.00 | 0.00 |
| TaxRateForCalcs | 0.25 | 0.21 | 0.04 | 0.21 |
| NormalizedEBITDA | 155.76M | 82.86M | 1.46M | -81.49M |
| NetIncomeFromContinuingOperationNetMinorityInterest | 115.42M | 215.59M | 46.89M | -89.89M |
| ReconciledDepreciation | 26.45M | 17.65M | 12.72M | 11.14M |
| ReconciledCostOfRevenue | 174.75M | 174.09M | 170.45M | 160.40M |
| EBITDA | 155.76M | 82.86M | 1.46M | -81.49M |
| EBIT | 129.31M | 65.21M | -11.26M | -92.62M |
| NetInterestIncome | -4.48M | -2.18M | ||
| InterestExpense | 4.48M | 2.18M | ||
| NormalizedIncome | 115.42M | 215.59M | 46.89M | -89.89M |
| NetIncomeFromContinuingAndDiscontinuedOperation | 115.42M | 215.59M | 46.89M | -89.89M |
| TotalExpenses | 658.48M | 704.12M | 700.40M | 710.94M |
| TotalOperatingIncomeAsReported | 129.31M | 65.21M | -11.26M | -92.62M |
| DilutedAverageShares | 140.66M | 143.15M | 137.26M | 130.52M |
| BasicAverageShares | 132.49M | 133.62M | 134.77M | 130.52M |
| DilutedEPS | 0.84 | 1.52 | 0.06 | -0.69 |
| BasicEPS | 0.87 | 1.61 | 0.35 | -0.69 |
| DilutedNIAvailtoComStockholders | 117.49M | 217.82M | 8.75M | -89.89M |
| AverageDilutionEarnings | 2.07M | 2.24M | -38.14M | 0.00 |
| NetIncomeCommonStockholders | 115.42M | 215.59M | 46.89M | -89.89M |
| NetIncome | 115.42M | 215.59M | 46.89M | -89.89M |
| NetIncomeIncludingNoncontrollingInterests | 115.42M | 215.59M | 46.89M | -89.89M |
| NetIncomeContinuousOperations | 115.42M | 215.59M | 46.89M | -89.89M |
| TaxProvision | 37.75M | -125.16M | 1.99M | 536.00K |
| PretaxIncome | 153.18M | 90.43M | 48.88M | -89.35M |
| OtherIncomeExpense | 23.87M | 25.22M | 60.14M | 3.27M |
| OtherNonOperatingIncomeExpenses | 23.87M | 25.22M | 60.14M | 3.27M |
| NetNonOperatingInterestIncomeExpense | -4.48M | -2.18M | ||
| InterestExpenseNonOperating | 4.48M | 2.18M | ||
| OperatingIncome | 129.31M | 65.21M | -11.26M | -92.62M |
| OperatingExpense | 483.73M | 530.02M | 529.95M | 550.54M |
| ProvisionForDoubtfulAccounts | 8.14M | 6.73M | 12.98M | 25.15M |
| ResearchAndDevelopment | 185.54M | 209.28M | 177.36M | 154.55M |
| SellingGeneralAndAdministration | 290.04M | 314.01M | 339.61M | 370.83M |
| SellingAndMarketingExpense | 143.41M | 185.21M | 220.68M | 246.88M |
| GeneralAndAdministrativeExpense | 146.63M | 128.80M | 118.92M | 123.95M |
| OtherGandA | 146.63M | 128.80M | 118.92M | 123.95M |
| GrossProfit | 613.03M | 595.23M | 518.69M | 457.92M |
| CostOfRevenue | 174.75M | 174.09M | 170.45M | 160.40M |
| TotalRevenue | 787.78M | 769.33M | 689.14M | 618.32M |
| OperatingRevenue | 787.78M | 769.33M | 689.14M | 618.32M |
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| OrdinarySharesNumber | 130.55M | 135.35M | 137.27M | 132.48M |
| ShareIssued | 130.55M | 135.35M | 137.27M | 132.48M |
| NetDebt | 65.41M | 52.17M | 276.45M | 434.88M |
| TotalDebt | 371.15M | 369.12M | 367.86M | 581.94M |
| TangibleBookValue | 443.96M | 441.32M | 259.81M | 130.66M |
| InvestedCapital | 990.09M | 933.30M | 737.16M | 813.14M |
| WorkingCapital | 300.67M | 642.62M | 590.37M | 683.21M |
| NetTangibleAssets | 443.96M | 441.32M | 259.81M | 130.66M |
| CapitalLeaseObligations | 11.38M | 11.19M | 11.78M | 17.68M |
| CommonStockEquity | 630.32M | 575.38M | 381.07M | 248.88M |
| TotalCapitalization | 630.32M | 933.30M | 737.16M | 813.14M |
| TotalEquityGrossMinorityInterest | 630.32M | 575.38M | 381.07M | 248.88M |
| StockholdersEquity | 630.32M | 575.38M | 381.07M | 248.88M |
| GainsLossesNotAffectingRetainedEarnings | 754.00K | 264.00K | 205.00K | -3.08M |
| OtherEquityAdjustments | 754.00K | 264.00K | 205.00K | -3.08M |
| RetainedEarnings | 36.95M | -78.48M | -294.06M | -340.95M |
| AdditionalPaidInCapital | 592.60M | 653.58M | 674.92M | 592.90M |
| CapitalStock | 13.00K | 14.00K | 14.00K | 13.00K |
| CommonStock | 13.00K | 14.00K | 14.00K | 13.00K |
| TotalLiabilitiesNetMinorityInterest | 669.26M | 636.24M | 656.47M | 831.37M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 19.10M | 367.80M | 363.46M | 583.67M |
| OtherNonCurrentLiabilities | 9.39M | 308.00K | 1.29M | 8.24M |
| LongTermDebtAndCapitalLeaseObligation | 9.71M | 367.50M | 362.18M | 575.44M |
| LongTermCapitalLeaseObligation | 9.71M | 9.57M | 6.09M | 11.18M |
| LongTermDebt | 357.93M | 356.09M | 564.26M | 561.30M |
| CurrentLiabilities | 650.17M | 268.43M | 293.00M | 247.69M |
| OtherCurrentLiabilities | 1.49M | 852.00K | 1.11M | 2.13M |
| CurrentDeferredLiabilities | 7.76M | 7.27M | 17.36M | 25.07M |
| CurrentDeferredRevenue | 7.76M | 7.27M | 17.36M | 25.07M |
| CurrentDebtAndCapitalLeaseObligation | 361.44M | 1.62M | 5.69M | 6.50M |
| CurrentCapitalLeaseObligation | 1.67M | 1.62M | 5.69M | 6.50M |
| CurrentDebt | 359.77M | |||
| OtherCurrentBorrowings | 359.77M | |||
| PensionandOtherPostRetirementBenefitPlansCurrent | 51.86M | 30.67M | 25.87M | 17.24M |
| PayablesAndAccruedExpenses | 227.61M | 228.02M | 242.97M | 196.74M |
| CurrentAccruedExpenses | 19.29M | 14.76M | 12.35M | 13.63M |
| Payables | 208.32M | 213.26M | 230.62M | 183.11M |
| OtherPayable | 180.75M | 195.74M | 212.39M | 161.46M |
| TotalTaxPayable | 19.71M | 11.39M | 13.17M | 14.10M |
| AccountsPayable | 7.86M | 6.13M | 5.06M | 7.55M |
| TotalAssets | 1.30B | 1.21B | 1.04B | 1.08B |
| TotalNonCurrentAssets | 348.75M | 300.56M | 154.17M | 149.34M |
| OtherNonCurrentAssets | 1.47M | 1.92M | 1.43M | 1.45M |
| NonCurrentDeferredAssets | 111.50M | 128.78M | 0.00 | |
| NonCurrentDeferredTaxesAssets | 111.50M | 128.78M | 0.00 | |
| GoodwillAndOtherIntangibleAssets | 186.35M | 134.05M | 121.27M | 118.22M |
| OtherIntangibleAssets | 37.16M | 12.99M | 3.05M | |
| Goodwill | 149.19M | 121.06M | 118.22M | 118.22M |
| NetPPE | 49.43M | 35.81M | 31.47M | 29.67M |
| AccumulatedDepreciation | -55.50M | -44.36M | -40.95M | -32.84M |
| GrossPPE | 104.93M | 80.16M | 72.42M | 62.51M |
| Leases | 7.75M | 6.03M | 11.64M | 11.64M |
| OtherProperties | 5.01M | 5.75M | 4.33M | 7.60M |
| MachineryFurnitureEquipment | 92.17M | 68.39M | 56.45M | 43.26M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| CurrentAssets | 950.83M | 911.05M | 883.37M | 930.91M |
| OtherCurrentAssets | 21.06M | 17.73M | 17.82M | 17.95M |
| RestrictedCash | 180.75M | 195.74M | 212.39M | 161.46M |
| PrepaidAssets | 17.95M | 17.24M | ||
| Receivables | 76.24M | 75.49M | 103.06M | 64.89M |
| AccountsReceivable | 76.24M | 75.49M | 103.06M | 64.89M |
| AllowanceForDoubtfulAccountsReceivable | -5.92M | -4.65M | -5.14M | -12.46M |
| GrossAccountsReceivable | 82.16M | 80.14M | 108.20M | 77.35M |
| CashCashEquivalentsAndShortTermInvestments | 672.78M | 622.10M | 550.10M | 686.61M |
| OtherShortTermInvestments | 378.43M | 316.34M | 470.46M | 557.23M |
| CashAndCashEquivalents | 294.36M | 305.76M | 79.64M | 129.38M |
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| FreeCashFlow | 223.12M | 139.12M | 36.36M | 2.76M |
| RepurchaseOfCapitalStock | -135.96M | -100.00M | 0.00 | 0.00 |
| RepaymentOfDebt | 0.00 | 0.00 | 0.00 | -10.75M |
| IssuanceOfDebt | 0.00 | 0.00 | 575.00M | |
| CapitalExpenditure | -25.14M | -14.44M | -16.35M | -8.73M |
| InterestPaidSupplementalData | 1.23M | 920.00K | 1.32M | 1.54M |
| IncomeTaxPaidSupplementalData | 13.53M | 4.59M | 1.98M | 0.00 |
| EndCashPosition | 478.91M | 505.59M | 296.42M | 295.23M |
| BeginningCashPosition | 505.59M | 296.42M | 295.23M | 352.06M |
| ChangesInCash | -26.68M | 209.18M | 1.19M | -56.83M |
| FinancingCashFlow | -138.00M | -81.96M | -139.79M | 1.14M |
| CashFlowFromContinuingFinancingActivities | -138.00M | -81.96M | -139.79M | 1.14M |
| NetOtherFinancingCharges | -6.73M | 9.96M | -145.88M | -4.29M |
| ProceedsFromStockOptionExercised | 4.68M | 8.09M | 6.09M | 5.44M |
| NetCommonStockIssuance | -135.96M | -100.00M | 0.00 | 0.00 |
| CommonStockPayments | -135.96M | -100.00M | 0.00 | 0.00 |
| NetIssuancePaymentsOfDebt | 0.00 | 0.00 | 0.00 | 564.25M |
| NetLongTermDebtIssuance | 0.00 | 0.00 | 0.00 | 564.25M |
| LongTermDebtPayments | 0.00 | 0.00 | 0.00 | -10.75M |
| LongTermDebtIssuance | 0.00 | 0.00 | 575.00M | |
| InvestingCashFlow | -136.94M | 137.57M | 88.27M | -69.47M |
| CashFlowFromContinuingInvestingActivities | -136.94M | 137.57M | 88.27M | -69.47M |
| NetInvestmentPurchaseAndSale | -53.39M | 166.34M | 104.62M | -60.73M |
| SaleOfInvestment | 431.78M | 528.67M | 813.84M | 521.15M |
| PurchaseOfInvestment | -485.18M | -362.32M | -709.21M | -581.89M |
| NetBusinessPurchaseAndSale | -58.41M | -14.33M | 0.00 | 0.00 |
| PurchaseOfBusiness | -58.41M | -14.33M | 0.00 | 0.00 |
| NetIntangiblesPurchaseAndSale | -19.35M | -10.92M | -15.66M | -7.49M |
| PurchaseOfIntangibles | -19.35M | -10.92M | -15.66M | -7.49M |
| NetPPEPurchaseAndSale | -5.79M | -3.53M | -692.00K | -1.25M |
| PurchaseOfPPE | -5.79M | -3.53M | -692.00K | -1.25M |
| OperatingCashFlow | 248.26M | 153.56M | 52.71M | 11.50M |
| CashFlowFromContinuingOperatingActivities | 248.26M | 153.56M | 52.71M | 11.50M |
| ChangeInWorkingCapital | 21.40M | -14.99M | -39.24M | -10.79M |
| ChangeInOtherWorkingCapital | 489.00K | -10.88M | -14.54M | 4.26M |
| ChangeInOtherCurrentLiabilities | 188.00K | -4.35M | -5.90M | -5.39M |
| ChangeInPayablesAndAccruedExpense | 26.58M | 5.70M | 3.23M | 6.27M |
| ChangeInAccruedExpense | 27.74M | 4.73M | 5.75M | 3.69M |
| ChangeInPayable | -1.16M | 969.00K | -2.51M | 2.58M |
| ChangeInAccountPayable | -1.16M | 969.00K | -2.51M | 2.58M |
| ChangeInPrepaidAssets | -2.57M | -656.00K | 146.00K | -630.00K |
| ChangeInReceivables | -3.28M | -4.80M | -22.18M | -15.29M |
| ChangesInAccountReceivables | -4.80M | -22.18M | -15.29M | -24.61M |
| OtherNonCashItems | 1.84M | 1.84M | 2.10M | 2.96M |
| StockBasedCompensation | 65.39M | 68.39M | 74.19M | 75.50M |
| ProvisionandWriteOffofAssets | 6.71M | 5.50M | 8.67M | 23.31M |
| AssetImpairmentCharge | 0.00 | 0.00 | 8.74M | |
| AmortizationOfSecurities | -8.20M | -11.91M | -14.43M | -1.49M |
| DeferredTax | 18.49M | -129.26M | 0.00 | 0.00 |
| DeferredIncomeTax | 18.49M | -129.26M | 0.00 | 0.00 |
| DepreciationAmortizationDepletion | 26.45M | 17.65M | 12.72M | 11.14M |
| DepreciationAndAmortization | 26.45M | 17.65M | 12.72M | 11.14M |
| Depreciation | 26.45M | 17.65M | 12.72M | 11.14M |
| OperatingGainsLosses | 750.00K | 750.00K | -38.20M | 750.00K |
| GainLossOnInvestmentSecurities | 750.00K | 750.00K | 750.00K | 750.00K |
| GainLossOnSaleOfPPE | 0.00 | 0.00 | ||
| NetIncomeFromContinuingOperations | 115.42M | 215.59M | 46.89M | -89.89M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for UPWK
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|