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

	Jun '26	Mar '26	Dec '25	Sep '25	Older periods
Piotroski F-Score Full definition →	5	5	6	6	+8 more TTM periods Free account
ROE Full definition →	16.70%	18.76%	19.15%	47.52%
ROA Full definition →	8.03%	8.80%	9.19%	20.81%
ROIC Full definition →	20.78%	22.02%	25.47%	20.80%
Return on Tangible Assets Full definition →	30.92%	38.25%	33.45%	75.10%
Average Days of Receivables Full definition →	35.45	35.05	35.32	35.73
Free Cash Flow per Share Full definition →	1.42	1.60	1.68	1.52
Free Cash Flow Full definition →	175.55	205.24	223.12	200.56
Capital Expenditures Full definition →	(33.13)	(29.08)	(25.14)	(22.58)
Other line items
Cash ROIC Full definition →	11.07%	13.60%	13.42%	12.30%
Accounts Receivable Turnover Full definition →	10.66	10.28	10.38	10.71
Accounts Payable Turnover Full definition →	44.54	23.36	24.99	24.62
Inventory Turnover Full definition →	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	14.30	22.80	16.41	17.89
Days of Inventory on Hand Full definition →	0.00	0.00	0.00	0.00
Tax Rate Full definition →	(0.27)	(0.25)	(0.25)	0.80
Research and Development Expense of Revenue Full definition →	23.09%	23.11%	23.55%	24.59%
Selling, General and Administrative Expense of Revenue Full definition →	37.89%	37.80%	36.82%	37.38%
Share Based Compensation of Revenue Full definition →	8.47%	8.67%	8.30%	7.90%
Operating CF/Net income Full definition →	2.05	2.15	2.15	0.90
Depreciation/Fixed assets Full definition →	0.48	0.50	0.45	0.46
Capex/Depreciation Full definition →	(1.17)	(1.18)	(1.25)	(1.21)
Revenue per Share Full definition →	6.35	6.17	5.95	5.92
Operating CF per Share Full definition →	1.68	1.83	1.87	1.69
Capex per Share Full definition →	(0.27)	(0.23)	(0.19)	(0.17)
Capex to Sales Full definition →	0.04	0.04	0.03	0.03

Fold the line items

Columns are period end dates

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