UPWORK, INC (UPWK)
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- Incorporated DE
- Fiscal year ends Dec 31
In fiscal 2025, UPWORK, INC reported revenue of $787.78M, up 2.4% from the prior year. The company was profitable, with a net margin of 14.7% and a gross margin of 77.8%. It held $1.30B in total assets against $669.26M in total liabilities.
Key ratios (FY2025)
77.8%
Gross margin
16.4%
Operating margin
14.7%
Net margin
18.3%
Return on equity
+2.4%
Revenue growth (YoY)
| Metric (FY) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $787.78M | $769.33M | $689.14M | $618.32M | $502.80M | $373.63M | $300.56M | $253.35M | $202.55M | $164.44M |
| Cost of Revenue | $174.75M | $174.09M | $170.45M | $160.40M | $135.51M | $104.27M | $88.14M | $81.46M | $65.44M | $62.58M |
| Gross Profit | $613.03M | $595.23M | $518.69M | $457.92M | $367.29M | $269.36M | $212.42M | $171.90M | $137.11M | $101.87M |
| Operating Income | $129.31M | $65.21M | -$11.26M | -$92.62M | -$54.22M | -$22.41M | -$18.73M | -$11.71M | -$3.12M | -$14.47M |
| Net Income | $115.42M | $215.59M | $46.89M | -$89.89M | -$56.24M | -$22.87M | -$16.66M | -$19.91M | -$4.12M | -$16.23M |
| EPS (Diluted) | $0.84 | $1.52 | $0.06 | $-0.69 | $-0.44 | $-0.19 | $-0.15 | — | — | — |
| Total Assets | $1.30B | $1.21B | $1.04B | $1.08B | $1.08B | $529.23M | $446.38M | $391.57M | $275.19M | — |
| Total Liabilities | $669.26M | $636.24M | $656.47M | $831.37M | $821.54M | $229.92M | $186.96M | $147.83M | $140.07M | — |
| Shareholders' Equity | $630.32M | $575.38M | $381.07M | $248.88M | $259.52M | $299.31M | $259.42M | $243.75M | -$31.37M | -$30.13M |
| Cash & Equivalents | $294.36M | $305.76M | $79.64M | $129.38M | $187.21M | $94.08M | $48.39M | $129.13M | $21.59M | — |
| Operating Cash Flow | $248.26M | $153.56M | $52.71M | $11.50M | $10.84M | $22.36M | $1.06M | $13.74M | -$4.00M | $3.15M |
| Capital Expenditures | $5.79M | $3.53M | $692.0K | $1.25M | $1.03M | $6.32M | $10.75M | $3.00M | $1.83M | $846.0K |
| Shares Outstanding | 130.55M | 135.35M | 137.27M | 132.37M | 129.13M | 124.80M | 113.60M | 106.45M | 33.74M | — |