Upwork Inc

Communication Services · Internet Content & Information

8.40$ -1.9% vs. previous close Closing price · As of: Sep 18, 2026

Statements

Income Statement

Upwork Inc (UPWK) by the numbers: income statement, balance sheet and cash flow, by year or by quarter. In the most recent period (Q2 26), "Revenue" came in at 192 million USD. Tick rows to compare them in a chart.

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Amounts Change % Common size % Per share

Last 12 Full history

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All figures in millions of USD.

Tick rows to compare them in a chart (up to 4)

Income Statement UPWK
Line item	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	LTM
Revenue	176	184	191	193	194	191	193	195	202	198	195	192	787
Cost of Revenue	43	46	44	44	43	43	42	43	46	44	45	45	179
Gross Profit	132	138	147	149	150	149	151	152	156	155	151	146	608
Research & Development	43	46	53	52	50	53	46	45	51	47	43	44	186
Selling, General & Administrative	29	32	32	30	31	36	28	36	39	42	35	37	153
Total Operating Expenses	121	130	134	131	130	135	112	119	126	126	118	118	489
Operating Income	11	8.4	13	18	21	14	39	33	30	28	33	28	119
Interest Expense	0.7	–	0.7	0.7	–	0.6	0.7	0.7	0.7	0.6	0.7	0.7	2.7
Pre-Tax Income	17	16	20	23	29	18	45	38	36	34	38	32	140
Income Tax Expense	0.9	-1.6	1.3	1.2	1.1	-129	7.3	5.7	6.3	18	6.2	6.7	38
Net Income	16	17	18	22	28	147	38	33	29	16	31	25	102
EBITDA	21	-42	24	28	32	24	50	45	40	41	48	41	170

LTM = last twelve months (sum of the four most recent quarters).

Data as of: September 18, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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Income Statement

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