Revenue
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Upwork, Inc (UPWK)
Price$8.82Cached quote
Net income
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Free cash flow
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Total cash / debt
CashTotal debt
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Financial statements
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $787.8M | $769.3M | $689.1M | $618.3M | $502.8M | $373.6M | $300.6M | $253.4M | $202.6M | $164.4M |
| Gross profit | $613.0M | $595.2M | $518.7M | $457.9M | $367.3M | $269.4M | $212.4M | $171.9M | $137.1M | $101.9M |
| Gross margin | 77.82% | 77.37% | 75.27% | 74.06% | 73.05% | 72.09% | 70.67% | 67.85% | 67.69% | 61.95% |
| Research & development | $185.5M | $209.3M | $177.4M | $154.6M | $119.1M | $83.5M | $64.0M | $55.5M | $45.6M | $37.9M |
| Operating expenses | $483.7M | $530.0M | $529.9M | $550.5M | $421.5M | $291.8M | $231.2M | $183.6M | $140.2M | $116.3M |
| Operating income | $129.3M | $65.2M | −$11.3M | −$92.6M | −$54.2M | −$22.4M | −$18.7M | −$11.7M | −$3.1M | −$14.5M |
| Operating margin | 16.41% | 8.48% | −1.63% | −14.98% | −10.78% | −6.00% | −6.23% | −4.62% | −1.54% | −8.80% |
| EBITDA | $155.0M | $80.0M | −$1.8M | −$84.6M | −$49.8M | −$16.1M | −$13.2M | −$6.8M | $1.1M | −$7.0M |
| EBITDA margin | 19.68% | 10.40% | −0.26% | −13.68% | −9.91% | −4.31% | −4.40% | −2.69% | 0.53% | −4.24% |
| Net income | $115.4M | $215.6M | $46.9M | −$89.9M | −$56.2M | −$22.9M | −$16.7M | −$19.9M | −$4.1M | −$16.2M |
| Net profit margin | 14.65% | 28.02% | 6.80% | −14.54% | −11.19% | −6.12% | −5.54% | −7.86% | −2.04% | −9.87% |
| Basic EPSper basic share | $0.87 | $1.61 | $0.35 | -$0.69 | -$0.44 | -$0.19 | -$0.15 | -$0.38 | -$0.32 | -$0.51 |
| Diluted EPSper diluted share | $0.84 | $1.52 | $0.06 | -$0.69 | -$0.44 | -$0.19 | -$0.15 | -$0.38 | -$0.32 | -$0.51 |
Owners
Reported shareholders
15.43%of listed shares
BlackRock, Inc.19.26M shares · Jun 30, 2026
View holders
| Holder | % owned |
|---|---|
BlackRock, Inc. | 15.43%19.26M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | 6.33%7.9M shares |
Ancient Art, L.P. | 5.79%7.23M shares |
LSV ASSET MANAGEMENT | 5.11%6.38M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 4.26%5.31M shares |
STATE STREET CORP | 4.16%5.2M shares |
Capital International Investors | 3.89%4.86M shares |
DIMENSIONAL FUND ADVISORS LP | 3.80%4.74M shares |
GOLDMAN SACHS GROUP INC | 3.42%4.27M shares |
GEODE CAPITAL MANAGEMENT, LLC | 2.61%3.25M shares |
RICE HALL JAMES & ASSOCIATES, LLC | 2.23%2.78M shares |
HARVEY KEVIN | ≈2.17%2.71M shares |
MORGAN STANLEY | 1.97%2.46M shares |
Invenomic Capital Management LP | 1.93%2.41M shares |
UBS Group AG | 1.72%2.14M shares |
MILLENNIUM MANAGEMENT LLC | 1.49%1.85M shares |
LAYTON THOMAS | ≈1.36%1.69M shares |
RENAISSANCE TECHNOLOGIES LLC | 1.35%1.68M shares |
CITADEL ADVISORS LLC | 1.33%1.66M shares |
JUPITER ASSET MANAGEMENT LTD | 1.27%1.58M shares |
Percentages use 124.8M shares of this listed class outstanding on Jun 30, 2026. ≈ compares the latest reported holding with a share total from a different date; it is not a confirmed current stake.
Gray completes the 100% scale. Reported positions may overlap; holders have different reporting dates.
Source: SEC Form 13F ↗Updated Sep 29, 2026 · Quarterly data
Insider buys & sells
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Jun 18, 2026Form 4 | Gessert EricaChief Financial Officer | SellCommon Stock | 9.2K | $8.15 | $74.7K | 341.6K |
| Jun 18, 2026Form 4 | Mekhalfa SabrinaChief Accounting Officer | SellCommon Stock | 1.3K | $8.15 | $10.4K | 4.4K |
| Jun 18, 2026Form 4 | Brown HaydenPresident & CEO | SellCommon Stock | 23.5K | $8.15 | $191.3K | 797.5K |
| May 18, 2026Form 4 | Gessert EricaChief Financial Officer | SellCommon Stock | 22.2K | $8.66 | $191.9K | 332.6K |
| May 18, 2026Form 4 | Kappus Anthony RayGM & Chief Operating Officer | SellCommon Stock | 1.9K | $8.66 | $16.5K | 3.2K |