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.

Revenue
−8.00%
EPS
+15.6%
Free cash flow
−22.4%
Total debt
+0.51%

Quarter to September 2026, against a year earlier

10.03 0.29 −2.81%
Market cap
$1.3B
P/E
12.0×
Fwd P/E
11.1×
Dividend yield
—
F-score
6/9
Altman Z
3.61
Beneish M
−2.95
Dividend safety
n/a

Upwork Inc. (UPWK) EV/Sales

Alert me on EV/Sales

As of 6 November 2026, Upwork Inc. (UPWK) trades at a EV/Sales of 2.2×. Over the past ten years it has ranged from 1.4× (May 2023) to 18.0× (June 2021); the current reading is higher than 28% of that period. That is above the Internet Content & Information industry median of 1.2× and above the Communication Services sector median of 1.4×.

EV/Sales, daily

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Annual newest first

Period EV/Sales Change
FY2025 3.4× 35.43%
FY2024 2.5× (1.08%)
FY2023 2.5× 21.19%
FY2022 2.1× (75.15%)
FY2021 8.4× (20.26%)
FY2020 10.5× 199.99%
FY2019 3.5× 5.67%
FY2018 3.3× 0.83%
FY2017 3.3× 0.00%
FY2016 3.3× —

Quarterly newest first

Period EV/Sales Change
Sep 2026 1.9× 28.46%
Jun 2026 1.4× (25.75%)
Mar 2026 2.0× (42.43%)
Dec 2025 3.4× 4.83%
32 more quarters

Against its own ten years

Low 1.4× High 18.0×
Ten-year median 2.9×
Current reading's percentile 28

EV/Sales against peers

Company EV/Sales
WBTN WEBTOON Entertainment Inc. compare 0.5×
MAX MediaAlpha, Inc. compare 0.7×
YELP Yelp Inc. compare 0.7×
WB Weibo Corporation compare 0.9×
EVER EverQuote, Inc. compare 1.0×
OPRA Opera Limited Sponsored ADR compare 1.7×
UPWK Upwork Inc. 2.2×
GENI Genius Sports Limited compare 2.9×
DJT Trump Media & Technology Group Corp. compare 38.3×
Internet Content & Information industry median 1.2×
Communication Services sector median 1.4×
Market median 2.1×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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