Upwork/$UPWK
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Upwork
Upwork Inc is a United States-based company that operates an online marketplace that enables businesses to find and work with skilled independent professionals. The company develops platform for hiring and freelancing purposes and connects businesses with AI-enabled talent across every on-demand work type, including freelance, agency, fractional, and payrolled. The business generates revenue from Talent and Clients across the USA, India, Pakistan, the Philippines and the rest of the world. Maximum revenue of the company is derived from Talent segment.
- Ticker
- $UPWK
- Sector
- Business services
- Primary listing
- NASDAQ
- Employees
- 630
- Headquarters
- Palo Alto, United States
- Website
- www.upwork.com
Upwork Metrics
BasicAdvanced
$1.1B
11.99
$0.76
1.01
-
Price and volume
Market cap
$1.1B
Beta
1.01
52-week high
$22.84
52-week low
$7.44
Average daily volume
2.5M
Financial strength
Current ratio
1.424
Quick ratio
1.082
Long term debt to equity
0.024
Total debt to equity
0.621
Interest coverage (TTM)
42.19%
Profitability
EBITDA (TTM)
149.114
Gross margin (TTM)
77.24%
Net profit margin (TTM)
12.93%
Operating margin (TTM)
17.08%
Effective tax rate (TTM)
27.02%
Revenue per employee (TTM)
$1,250,000
Management effectiveness
Return on assets (TTM)
6.63%
Return on equity (TTM)
16.70%
Valuation
Price to earnings (TTM)
11.989
Price to revenue (TTM)
1.495
Price to book
2.03
Price to tangible book (TTM)
2.88
Price to free cash flow (TTM)
6.705
Free cash flow yield (TTM)
14.91%
Free cash flow per share (TTM)
1.365
Growth
Revenue change (TTM)
1.86%
Earnings per share change (TTM)
-55.69%
3-year revenue growth (CAGR)
6.62%
3-year earnings per share growth (CAGR)
14.81%
What the Analysts think about Upwork
Analyst ratings (Buy, Hold, Sell) for Upwork stock.
Analyst projections of the future price of Upwork stock.
Bulls say / Bears say
AI-related work GSV grew 22% year on year in Q2, while AI strategy and consulting grew more than 50%. Upwork is also putting its marketplace inside Claude and other AI workflows, which could help it capture demand as businesses use AI to scope projects. (Upwork)
Business Plus GSV rose 174% year on year and its active clients grew 219%; 38% of those clients were new to Upwork. This suggests the higher-value SMB offer is attracting new customers as well as increasing spend from existing ones. (Upwork)
Upwork’s enterprise expansion is showing traction: GSV from its employer-of-record offering rose 29% year on year, and the first Lifted enterprise customers moved to its new platform. Management expects Lifted GSV to grow about 25% in 2026. (Upwork)
The marketplace is shrinking: Q2 GSV fell 4% year on year and active clients fell 4% to 763,000. Management attributed pressure to AI automation of lower-complexity work and a subdued labour market. (Upwork, The Motley Fool)
Upwork cut its 2026 revenue outlook to $730–750 million from $760–790 million in May, and its Q3 revenue forecast fell well below analysts’ expectations. Management cited faster AI automation and weaker Google search-driven customer acquisition, leaving growth exposed to both supply-side disruption and a harder-to-replace acquisition channel. (Upwork, MarketWatch)
Cash generation and reported earnings weakened even as adjusted EBITDA rose: Q2 free cash flow fell 45% year on year to $35.9 million and net income fell 22% to $25.4 million. That leaves less evidence so far that cost savings are translating into stronger underlying cash returns. (Upwork)
Data summarised monthly by Lightyear AI. Last updated on 22 Oct 2026.
Upwork Financial Performance
Revenues and expenses
Upwork Earnings Performance
Company profitability
Upcoming events
No upcoming events
Upwork News
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Funds containing Upwork
AllUSDEURGBP
Fund name | Fund size | $UPWK weighting |
|---|---|---|
iShares S&P SmallCap 600$IDP6 | $3.2B | 0.06% |
iShares S&P Small Cap 600£ISP6 | $3.2B | 0.06% |
iShares Digitalisation$DGTL | $761M | 0.04% |
iShares Digitalisation£DGIT | $813M | 0.04% |
SPDR Russell 2000 US Small Cap£R2SC | $5.3B | 0.03% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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