Upwork/$UPWK

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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. Its products offering include Upwork Basic, Upwork Plus, Upwork Business, Upwork Enterprise, and Upwork Payroll. The business generates revenue from Talent and Clients across the USA, India, the Philippines and the rest of the world. Substantial income is derived from providing services to clients.

Ticker

$UPWK

Sector

Business services
Primary listing

Employees

600

Upwork Metrics

BasicAdvanced
$2.1B
9.41
$1.72
1.38
-

What the Analysts think about Upwork

Analyst ratings (Buy, Hold, Sell) for Upwork stock.

Bulls say / Bears say

Upwork generated free cash flow of $65.6 million in Q2, up 85% year-over-year, strengthening its liquidity and capacity for strategic investments (Nasdaq)
GSV from AI-related work grew 30% year-over-year in Q2, reflecting accelerating demand for AI talent and reinforcing Upwork's differentiated platform strategy (Investing.com)
The acquisitions of Bubty and Ascen position Upwork to capture a $650 billion enterprise TAM by offering full-stack contingent workforce solutions beyond freelancers (TechCrunch)
Active client count fell 8.3% year-over-year to 796,000 in Q2, signaling potential challenges in attracting or retaining clients on the platform (Nasdaq)
Revenue growth was modest at 1% year-over-year in Q2, indicating that topline expansion remains constrained despite operational improvements (Nasdaq)
Q3 revenue guidance of $190 million to $195 million implies flat to slightly down sequential growth, suggesting deceleration ahead (Nasdaq)
Data summarised monthly by Lightyear AI. Last updated on 5 Oct 2025.

Upwork Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

Upwork Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
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.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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