Upwork Inc

Communication Services · Internet Content & Information

8.10$ -1.3% vs. previous close Closing price · As of: Sep 24, 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 16	Q4 16	Q1 17	Q2 17	Q3 17	Q4 17	Q1 18	Q2 18	Q3 18	Q4 18	Q1 19	Q2 19	Q3 19	Q4 19	Q1 20	Q2 20	Q3 20	Q4 20	Q1 21	Q2 21	Q3 21	Q4 21	Q1 22	Q2 22	Q3 22	Q4 22	Q1 23	Q2 23	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	44	44	48	49	52	55	59	63	64	67	69	74	79	79	83	88	97	106	114	124	128	137	141	157	159	161	161	169	176	184	191	193	194	191	193	195	202	198	195	192	787
Cost of Revenue	13	14	15	16	17	18	20	20	21	21	21	22	22	23	23	25	27	29	30	33	35	37	38	41	40	41	40	41	43	46	44	44	43	43	42	43	46	44	45	45	179
Gross Profit	0.0	102	32	33	35	37	40	42	44	46	48	53	56	56	60	62	70	77	83	91	93	100	103	116	118	120	120	128	132	138	147	149	150	149	151	152	156	155	151	146	608
Research & Development	10	9.9	11	11	12	13	13	13	14	15	16	16	16	16	19	21	21	23	27	28	31	33	38	36	39	42	44	43	43	46	53	52	50	53	46	45	51	47	43	44	186
Selling, General & Administrative	29	33	8.2	7.8	9.0	12	11	11	12	15	16	14	17	21	18	17	18	19	24	32	26	31	29	33	31	30	29	29	29	32	32	30	31	36	28	36	39	42	35	37	153
Total Operating Expenses	0.0	178	31	31	35	42	46	42	47	49	53	55	59	64	69	73	73	77	91	107	102	122	127	139	144	141	145	134	121	130	134	131	130	135	112	119	126	126	118	118	489
Operating Income	0.0	-13	0.8	2.0	0.2	-5.0	-6.0	0.3	-3.3	-2.7	-4.8	-2.5	-3.0	-8.5	-9.1	-11	-3.0	0.7	-7.7	-16	-8.3	-22	-24	-23	-25	-20	-25	-6.1	11	8.4	13	18	21	14	39	33	30	28	33	28	119
Interest Expense	0.2	0.2	0.2	0.2	0.2	0.3	0.5	0.6	0.6	0.4	0.4	0.4	0.3	0.3	0.2	0.3	0.2	0.1	0.2	0.1	0.7	1.1	1.1	1.1	1.1	1.1	1.1	0.7	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	0.0	-16	0.7	1.9	-0.3	-5.3	-6.8	-0.4	-7.3	-5.4	-4.7	-2.0	-2.8	-7.1	-10	-11	-2.7	1.0	-7.8	-17	-9.3	-22	-25	-24	-25	-16	18	-2.1	17	16	20	23	29	18	45	38	36	34	38	32	140
Income Tax Expense	0.0	0.0	0.0	0.0	0.0	-0.1	0.0	0.0	-2.8	0.0	0.0	0.0	0.8	-0.1	0.0	0.0	0.0	0.1	0.0	0.0	0.0	0.1	0.0	0.0	0.0	0.4	0.8	1.9	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	0.0	-16	0.7	1.9	-0.3	-5.2	-6.8	-0.4	-7.3	-5.4	-4.7	-2.0	-2.8	-7.1	-10	-11	-2.7	0.9	-7.8	-17	-9.3	-23	-25	-24	-25	-17	17	-4.0	16	17	18	22	28	147	38	33	29	16	31	25	102
EBITDA	–	–	1.9	3.1	1.0	-3.9	-5.2	1.5	-5.5	-3.6	-2.8	-0.8	-0.8	-0.7	-6.5	-7.3	1.1	4.8	-3.5	-13	-5.2	-18	-21	-20	-21	-12	22	1.2	21	-42	24	28	32	24	50	45	40	41	48	41	170

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

Showing the most recent 40 periods — older statements are on file for this stock.

Data as of: September 24, 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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