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