Saturday 17 October 2026 Export UPWK’s income statement to Excel — free account

Upwork Inc.

UPWK Communication Services Internet Content & Information

Upwork Inc.’s revenue for fiscal 2025 (year ended December 2025) was $787.8 million, up 2.40% from fiscal 2024. In the quarter to June 2026, revenue fell 1.68%, EPS fell 16.0%, free cash flow fell 45.2% and total debt was flat, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.

8.43 0.31 −3.55%

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Market cap: $1.1B
P/E: 10.5×
Fwd P/E: 8.5×
Dividend yield: —
F-score: 6/9
Altman Z: 3.61
Beneish M: −2.95
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Older periods	Sep '25	Dec '25	Mar '26	Jun '26
P/E ratio Full definition →	+8 more quarters Free account	10.04	22.78	13.05	10.45
P/S ratio Full definition →		3.14	3.33	1.78	1.32
P/FCF ratio Full definition →		12.22	11.77	6.84	5.90
P/Operating CF Full definition →		32.65	41.22	61.00	22.10
P/B ratio Full definition →		3.90	4.17	2.47	1.69
Price to Tangible BV Full definition →		5.60	5.91	3.64	2.41
EV/Sales Full definition →		3.24	3.39	1.95	1.45
EV/EBITDA Full definition →		18.95	17.88	10.43	7.75
EV/Operating CF Full definition →		11.32	10.76	6.59	5.47
EV/FCF Full definition →		12.59	11.97	7.52	6.50
Quick Ratio Full definition →		1.09	1.15	1.01	1.08
Current Ratio Full definition →		1.44	1.46	1.36	1.42
Net Debt/EBITDA Full definition →		(7.85)	(9.36)	(5.38)	(6.87)
Debt/Assets Full definition →		27.40%	27.68%	29.01%	28.30%
Debt/Equity Full definition →		0.57	0.57	0.63	0.59
Asset Turnover Full definition →		0.66	0.63	0.64	0.62
Operating CF/Net income Full definition →		2.56	4.07	0.73	1.85
Capex/Depreciation Full definition →		(0.88)	(1.24)	(1.25)	(1.25)
Research and Development Expense of Revenue Full definition →		23.54%	23.72%	22.15%	22.90%
Selling, General and Administrative Expense of Revenue Full definition →		37.79%	39.15%	37.14%	37.46%
Intangible Assets out of Total Assets Full definition →		0.15	0.14	0.15	0.14
Share Based Compensation of Revenue Full definition →		9.81%	8.75%	7.89%	7.37%
Graham Net Nets Full definition →		0.11	0.11	0.15	0.24
Graham Number Full definition →		14.07	9.65	9.17	9.42
Earnings Yield Full definition →		9.96%	4.39%	7.66%	9.57%
Free Cash Flow Yield Full definition →		8.18%	8.50%	14.62%	16.95%
Revenue per Share Full definition →		1.53	1.50	1.53	1.55
Operating CF per Share Full definition →		0.57	0.48	0.18	0.38
Capex per Share Full definition →		(0.04)	(0.05)	(0.08)	(0.09)
Free Cash Flow per Share Full definition →		0.53	0.43	0.10	0.29
Cash per Share Full definition →		4.87	5.08	4.53	4.96
Shareholders Equity per Share Full definition →		4.76	4.76	4.45	4.93
Interest Debt per Share Full definition →		0.00	0.00	0.00	0.00
Book value per Share Full definition →		4.76	4.76	4.45	4.93
Free Cash Flow Full definition →		69.43	57.27	12.91	35.94
Working Capital Full definition →		288.48	300.67	236.10	270.74
Capital Expenditures Full definition →		(5.65)	(6.43)	(10.11)	(10.94)
Net Current Asset Value Full definition →		265.87	281.57	210.98	245.85
EV/EBIT Full definition →		22.04	20.66	12.51	9.60
Capex to Sales Full definition →		0.03	0.03	0.05	0.06
Price to Operating Income Full definition →		21.39	20.31	11.38	8.71
Other line items
Average Receivables Full definition →		72.94	75.86	76.91	73.84
Average Payables Full definition →		7.06	6.99	7.60	4.03
Average Assets Full definition →		1,186.93	1,255.60	1,241.01	1,268.06
Average Common Equity Full definition →		519.65	602.85	581.98	609.96

Fold the line items

Columns are period end dates

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