UPWK UPWORK INC revenue, earnings and financials

For the quarter ended June 30, 2026, UPWORK INC reported revenue of $192M (down 1.7% from a year earlier), net income of $25.4M and diluted EPS of $0.20; over the last four quarters revenue was $787M and net income $102M; for the fiscal year ended December 2025 revenue was $788M, up 2.4% on the year before.

UPWK annual revenue and earnings

• Fiscal year ended Dec 2025: revenue $788M, gross profit $613M, operating income $129M, net income $115M (margin 14.7%), EPS $0.84
• Fiscal year ended Dec 2024: revenue $769M, gross profit $595M, operating income $65.2M, net income $216M (margin 28.0%), EPS $1.52
• Fiscal year ended Dec 2023: revenue $689M, gross profit $519M, operating income −$11.3M, net income $46.9M (margin 6.8%), EPS $0.06
• Fiscal year ended Dec 2022: revenue $618M, gross profit $458M, operating income −$92.6M, net income −$89.9M (margin -14.5%), EPS −$0.69
• Fiscal year ended Dec 2021: revenue $503M, gross profit $367M, operating income −$54.2M, net income −$56.2M (margin -11.2%), EPS −$0.44

UPWK quarterly revenue and earnings

• Quarter ended Jun 30, 2026: revenue $192M (down 1.7% year over year), net income $25.4M, EPS $0.20
• Quarter ended Mar 31, 2026: revenue $195M (up 1.4% year over year), net income $31.5M, EPS $0.24
• Quarter ended Dec 31, 2025 (from the annual report): revenue $198M (up 3.6% year over year), net income $15.6M, EPS $0.12
• Quarter ended Sep 30, 2025: revenue $202M (up 4.1% year over year), net income $29.3M, EPS $0.21
• Quarter ended Jun 30, 2025: revenue $195M (up 0.9% year over year), net income $32.7M, EPS $0.24
• Quarter ended Mar 31, 2025: revenue $193M (up 0.9% year over year), net income $37.7M, EPS $0.27
• Quarter ended Dec 31, 2024 (from the annual report): revenue $191M (up 4.1% year over year), net income $147M, EPS $1.02
• Quarter ended Sep 30, 2024: revenue $194M (up 10.3% year over year), net income $27.8M, EPS $0.20
• Quarter ended Jun 30, 2024: revenue $193M (up 14.5% year over year), net income $22.2M, EPS $0.17
• Quarter ended Mar 31, 2024: revenue $191M (up 18.7% year over year), net income $18.4M, EPS $0.13
• Quarter ended Dec 31, 2023 (from the annual report): revenue $184M (up 13.9% year over year), net income $17.4M, EPS $0.12
• Quarter ended Sep 30, 2023: revenue $176M (up 10.8% year over year), net income $16.3M, EPS $0.12
• Quarter ended Jun 30, 2023: revenue $169M (up 7.5% year over year), net income −$3.99M, EPS −$0.03
• Quarter ended Mar 31, 2023: revenue $161M (up 13.8% year over year), net income $17.2M, EPS −$0.15
• Quarter ended Dec 31, 2022 (from the annual report): revenue $161M (up 18.0% year over year), net income −$16.5M, EPS −$0.13
• Quarter ended Sep 30, 2022: revenue $159M (up 23.8% year over year), net income −$24.8M, EPS −$0.19
• Quarter ended Jun 30, 2022: revenue $157M (up 26.3% year over year), net income −$23.8M, EPS −$0.18
• Quarter ended Mar 31, 2022: revenue $141M (up 24.4% year over year), net income −$24.7M, EPS −$0.19
• Quarter ended Dec 31, 2021 (from the annual report): revenue $137M, net income −$22.6M, EPS −$0.18
• Quarter ended Sep 30, 2021: revenue $128M, net income −$9.31M, EPS −$0.07

UPWK cash flow, buybacks and dividends

• Fiscal year ended Dec 2025: operating cash flow $248M, share buybacks $136M
• Fiscal year ended Dec 2024: operating cash flow $154M, share buybacks $100M
• Fiscal year ended Dec 2023: operating cash flow $52.7M, share buybacks $0
• Fiscal year ended Dec 2022: operating cash flow $11.5M, share buybacks $0
• Fiscal year ended Dec 2021: operating cash flow $10.8M, share buybacks n/a

UPWK balance sheet

• Jun 30, 2026: cash $476M, total assets $1.27B, total liabilities $663M, shareholders' equity $611M
• Mar 31, 2026: cash $328M, total assets $1.24B, total liabilities $672M, shareholders' equity $570M
• Dec 31, 2025: cash $294M, total assets $1.30B, total liabilities $669M, shareholders' equity $630M, long-term debt $0
• Sep 30, 2025: cash $261M, total assets $1.31B, total liabilities $683M, shareholders' equity $628M, long-term debt $0
• Jun 30, 2025: cash $291M, total assets $1.26B, total liabilities $653M, shareholders' equity $609M, long-term debt $359M
• Mar 31, 2025: cash $304M, total assets $1.24B, total liabilities $646M, shareholders' equity $594M, long-term debt $358M
• Dec 31, 2024: cash $306M, total assets $1.21B, total liabilities $636M, shareholders' equity $575M, long-term debt $358M
• Sep 30, 2024: cash $288M, total assets $1.06B, total liabilities $651M, shareholders' equity $411M, long-term debt $357M

What is UPWK's revenue?

UPWORK INC reported $787M of revenue over its last four quarters, through June 30, 2026.

Is UPWK profitable?

Yes. UPWORK INC earned $102M over the last four quarters.

What is UPWK's EPS?

Diluted earnings per share over the last four quarters were $0.77; $0.20 in the latest quarter.

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