Upwork (UPWK)
Connects businesses with independent talent, enterprise workforce tools, and AI-assisted hiring workflows.
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Runs a global work marketplace where clients hire and manage independent professionals, with Lifted extending the model into enterprise contingent-workforce infrastructure. Marketplace remains the main revenue line, while the business depends on trust, compliance, client spending, and competition from staffing firms, freelancer platforms, and AI tools.
Operates Upwork Marketplace for on-demand expert talent and Lifted for enterprises that source, contract, manage, and pay contingent workers across freelance, fractional, and payrolled work types. Business Plus, Freelancer Plus, ads, Managed Services, and Uma add premium client workflows, freelancer monetization, and AI-assisted matching and execution.
Clients range from small businesses to large enterprises, and independent professionals connect globally through the platform. The company was formed from Elance and oDesk, then consolidated those predecessor marketplaces into one Upwork platform.
Marketplace is the core revenue line, while Enterprise is being transitioned around Lifted after the Bubty and Ascen acquisitions. The model depends on marketplace liquidity, trust and compliance workflows, client spend, and competition from staffing providers, freelancer platforms, workforce software, and AI tools.
Company facts
Unavailable right now.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $614.2M · Total debt $375.1M · Total assets $1.27B · Shareholders' equity $611.3M
- Revenue
- $191.7M
- Operating income
- $28.1M
- Net income
- $25.4M
No dividends on record.
| Institutions | ≈ 101.58% | 126.88M shares | |
|---|---|---|---|
| 315 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 3.87% | 4.83M shares | |
| 17 holders · as of Sep 22, 2026 | |||
| Adds to | 105.45% | ||
124.90M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 105.45%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 15.42% | 19.26M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 6.32% | 7.90M | as of Jun 30, 2026 |
Ancient Art, L.P.Institution | 5.79% | 7.23M | as of Jun 30, 2026 |
LSV Asset ManagementInstitution | 5.11% | 6.38M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.25% | 5.31M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 18, 2026 | Hayden Brown | director, officer: President & CEO | −23,893 | $8.45 |
| Sep 18, 2026 | Erica Gessert | officer: Chief Financial Officer | −9,336 | $8.45 |
| Sep 18, 2026 | Anthony Ray Kappus | officer: GM & Chief Operating Officer | −45,732 | $8.45 |
| Aug 18, 2026 | Hayden Brown | director, officer: President & CEO | −73,241 | $8.43 |
| Aug 18, 2026 | Anthony Ray Kappus | officer: GM & Chief Operating Officer | −1,964 | $8.43 |
- Fiverr International
Direct marketplace rival for packaged freelance services
- Robert Half
Specialized contract talent and consulting rival
- ManpowerGroup
Global staffing, RPO, MSP, and IT resourcing peer
- Microsoft
LinkedIn recruiting and Copilot work-output substitute
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Upwork | $8.40 | +0.48% | $1.03B | 11.0 | 6.5 | 1.3 | −1.7% |
| Fiverr International | $8.67 | −0.12% | $313.5M | 10.8 | 8.7 | 0.7 | −10.0% |
| Robert Half | $37.58 | +0.01% | $3.78B | 32.1 | 23.7 | 0.7 | −2.4% |
| ManpowerGroup | $57.63 | −0.07% | $2.63B | 25.6 | 14.1 | 0.1 | +7.5% |
| Microsoft | $498.00 | −0.01% | $3.72T | 27.9 | 25.4 | 11.2 | +17.8% |
| Median | 26.8 | 18.9 | 0.7 | +2.6% |