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
Piotroski F-Score Full definition →	+8 more TTM periods Free account	6	6	5	5
ROE Full definition →		47.52%	19.15%	18.76%	16.70%
ROA Full definition →		20.81%	9.19%	8.80%	8.03%
ROIC Full definition →		20.80%	25.47%	22.02%	20.78%
Return on Tangible Assets Full definition →		75.10%	33.45%	38.25%	30.92%
Average Days of Receivables Full definition →		35.73	35.32	35.05	35.45
Free Cash Flow per Share Full definition →		1.52	1.68	1.60	1.42
Free Cash Flow Full definition →		200.56	223.12	205.24	175.55
Capital Expenditures Full definition →		(22.58)	(25.14)	(29.08)	(33.13)
Other line items
Cash ROIC Full definition →		12.30%	13.42%	13.60%	11.07%
Accounts Receivable Turnover Full definition →		10.71	10.38	10.28	10.66
Accounts Payable Turnover Full definition →		24.62	24.99	23.36	44.54
Inventory Turnover Full definition →		0.00	0.00	0.00	0.00
Average Days of Payables Full definition →		17.89	16.41	22.80	14.30
Days of Inventory on Hand Full definition →		0.00	0.00	0.00	0.00
Tax Rate Full definition →		0.80	(0.25)	(0.25)	(0.27)
Research and Development Expense of Revenue Full definition →		24.59%	23.55%	23.11%	23.09%
Selling, General and Administrative Expense of Revenue Full definition →		37.38%	36.82%	37.80%	37.89%
Share Based Compensation of Revenue Full definition →		7.90%	8.30%	8.67%	8.47%
Operating CF/Net income Full definition →		0.90	2.15	2.15	2.05
Depreciation/Fixed assets Full definition →		0.46	0.45	0.50	0.48
Capex/Depreciation Full definition →		(1.21)	(1.25)	(1.18)	(1.17)
Revenue per Share Full definition →		5.92	5.95	6.17	6.35
Operating CF per Share Full definition →		1.69	1.87	1.83	1.68
Capex per Share Full definition →		(0.17)	(0.19)	(0.23)	(0.27)
Capex to Sales Full definition →		0.03	0.03	0.04	0.04

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Columns are period end dates

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