Upwork (UPWK)
Connects businesses with independent talent, enterprise workforce tools, and AI-assisted hiring workflows.
$8.39
After hours+0.03 (+0.36%)
At close$8.36(−0.12%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 176 | 184 | 191 | 193 | 194 | 191 | 193 | 195 | 202 | 198 | 195 | 192 |
| Cost of revenue | 43 | 46 | 44 | 44 | 43 | 43 | 42 | 43 | 46 | 44 | 45 | 45 |
| Gross profit | 132 | 138 | 147 | 149 | 150 | 149 | 151 | 152 | 156 | 155 | 151 | 146 |
| 121 | 130 | 134 | 131 | 130 | 135 | 112 | 119 | 126 | 126 | 118 | 118 | |
| Research & development | 43 | 46 | 53 | 52 | 50 | 53 | 46 | 45 | 51 | 47 | 43 | 44 |
| 76 | 81 | 80 | 77 | 77 | 80 | 64 | 72 | 74 | 78 | 73 | 72 | |
| Selling & marketing | 47 | 49 | 48 | 47 | 46 | 44 | 36 | 37 | 35 | 36 | 37 | 35 |
| General & administrative | 29 | 32 | 32 | 30 | 31 | 36 | 28 | 36 | 39 | 42 | 35 | 37 |
| Other expenses | 2 | 2 | 1 | 2 | 2 | 2 | 2 | 2 | 0 | 2 | 2 | 3 |
| Operating income | 11 | 8 | 13 | 18 | 21 | 14 | 39 | 33 | 30 | 28 | 33 | 28 |
| 6 | 7 | 7 | 6 | 8 | 5 | 6 | 6 | 6 | 6 | 5 | 4 | |
| Interest income | 0 | 2 | 8 | 7 | 0 | 7 | 8 | 7 | 8 | 7 | 7 | 0 |
| Interest expense | 1 | 0 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Other non-operating income | 0 | 55 | −7 | −6 | −8 | −5 | −6 | −7 | −6 | −6 | −6 | −4 |
| Income before tax | 17 | 16 | 20 | 23 | 29 | 18 | 45 | 38 | 36 | 34 | 38 | 32 |
| Income tax expense | 1 | −2 | 1 | 1 | 1 | −129 | 7 | 6 | 6 | 18 | 6 | 7 |
| Net income from continuing operations | 16 | 17 | 18 | 22 | 28 | 147 | 38 | 33 | 29 | 16 | 31 | 25 |
| Net income | 16 | 17 | 18 | 22 | 28 | 147 | 38 | 33 | 29 | 16 | 31 | 25 |
| EPS, basic | $0.12 | $0.13 | $0.14 | $0.17 | $0.21 | $1.10 | $0.28 | $0.25 | $0.22 | $0.12 | $0.25 | $0.21 |
| EPS, diluted | $0.12 | $0.13 | $0.13 | $0.17 | $0.20 | $1.03 | $0.27 | $0.24 | $0.21 | $0.11 | $0.24 | $0.20 |
| Weighted average shares, basic | 135 | 137 | 136 | 131 | 133 | 134 | 135 | 132 | 137 | 131 | 128 | 124 |
| Weighted average shares, diluted | 137 | 144 | 144 | 138 | 139 | 143 | 143 | 140 | 140 | 139 | 136 | 130 |
| EBITDA | 14 | −42 | 24 | 28 | 32 | 24 | 50 | 45 | 40 | 41 | 48 | 41 |
| Depreciation & amortization | 3 | 5 | 4 | 4 | 3 | 6 | 5 | 6 | 4 | 7 | 9 | 9 |
| EBIT | 11 | −47 | 20 | 23 | 29 | 18 | 45 | 39 | 36 | 34 | 38 | 32 |