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.
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Upwork Inc. (UPWK) EV/Sales
As of 16 October 2026, Upwork Inc. (UPWK) trades at a EV/Sales of 1.5×. Over the past ten years it has ranged from 1.4× (May 2023) to 18.0× (June 2021); the current reading is higher than 2% 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 |
|---|---|---|
| Jun 2026 | 1.4× | (25.75%) |
| Mar 2026 | 2.0× | (42.43%) |
| Dec 2025 | 3.4× | 4.83% |
| Sep 2025 | 3.2× | 65.94% |
| 31 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| WBTN WEBTOON Entertainment Inc. compare | 0.4× |
| TBLA Taboola.com Ltd. compare | 0.5× |
| YELP Yelp Inc. compare | 0.7× |
| EVER EverQuote, Inc. compare | 0.8× |
| WB Weibo Corporation compare | 0.9× |
| BMBL Bumble Inc. compare | 1.2× |
| UPWK Upwork Inc. | 1.5× |
| NXDR Nextdoor Holdings, Inc. compare | 2.0× |
| PGRU PropertyGuru Group Limited compare | 7.1× |
| 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)