Revenue segments as reported by the company.

Marketplace

Managed Services

Enterprise

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Provision for transaction losses

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Upwork Inc

Upwork, Inc. operates an online marketplace that enables businesses to find, hire, and pay freelancers for short-term and longer-term projects. Its marketplace offerings include Upwork Basic, Upwork Plus, Upwork Business, Upwork Enterprise, and Upwork Payroll. The company was founded by Odysseas Tsatalos and Efstratios Karamanlakis in December 2013 and is headquartered in San Francisco, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Upwork reports robust Q4 earnings, eyes AI talent market growth

Upwork's Q4 2022 performance showcased revenue growth, strong brand awareness, and expansion in the Enterprise segment. While facing challenges in client acquisition and retention, the company is leveraging opportunities in the AI talent market and organizational restructuring for future success.

Upwork surpasses Q1 revenue expectations, eyes AI for growth

Upwork's Q1 performance exceeded expectations, showcasing growth and profitability initiatives. While facing challenges from macroeconomic uncertainty, the company remains focused on leveraging AI and optimizing Enterprise sales. Opportunities lie in AI-driven efficiency gains and targeting high-value Enterprise segments.

Upwork reports solid Q2 earnings, expands AI services with OpenAI

Upwork's Q2 2023 performance reflects steady revenue growth, operational efficiency, and a strong market presence, underpinned by strategic investments in AI and new client acquisitions.
The company's focus on sustainable profitability, innovative partnerships, and expanding service offerings positions it well for future growth and value creation for shareholders.
While facing challenges in talent scalability and operational balancing, Upwork's proactive approach to addressing these issues and seizing growth opportunities bodes well for its long-term success.

Upwork surpasses Q3 expectations with AI investments driving growth

Upwork's Q3 2023 performance exceeded expectations, driven by AI investments and strong revenue growth. Challenges include macroeconomic uncertainties and balancing margin accretion with growth investments. Opportunities lie in strategic brand investments, sales optimization, and education partnerships to drive growth and strengthen competitiveness.

Upwork reports robust Q4 earnings, eyes AI innovation for growth

Upwork's Q4 2023 performance reflects strong revenue growth, record net income, and successful AI investments and partnerships, positioning the company for future success.
While challenges like revenue moderation and expense optimization exist, opportunities in AI innovation, advertising products, and strategic investments offer avenues for growth.
Overall, Upwork's financial strength, focus on innovation, and confidence in driving profitability and cash flow growth underscore a positive outlook for the company's future.

Upwork reports strong Q1 earnings, eyes AI growth opportunities

Upwork's Q1 2024 showcased robust financial performance, profitability focus, and strategic growth initiatives.
The company's emphasis on AI capabilities, partnerships, and revenue diversification positions it well for sustained growth.
Challenges in AI-related premium wages moderation and client retention strategies require attention for long-term success.

Upwork reports solid Q2 results, focuses on innovation and margin growth

Upwork's Q2 performance showed revenue growth but faced challenges from macroeconomic conditions. The company's strengths lie in its marketplace model, AI-related work success, and high gross margins. Opportunities exist in strategic investments for growth and margin expansion.

Upwork reports robust Q3 earnings, eyes AI growth and efficiency

Upwork's Q3 2024 performance reflects strong revenue growth, operational efficiency, and strategic initiatives to drive client engagement and platform enhancements.
While macroeconomic challenges pose concerns, the company's focus on AI, Business Plus, and cost savings positions it well for sustained growth and innovation.
With increased revenue guidance and a focus on AI capabilities, Upwork is poised to navigate challenges and leverage opportunities for future expansion and success.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Upwork, Inc. is an online marketplace that enables businesses to find, hire, and pay freelancers for short-term and longer-term projects. Its marketplace offerings include Upwork Basic, Upwork Plus, Upwork Business, Upwork Enterprise, and Upwork Payroll. The company was founded by Odysseas Tsatalos and Efstratios Karamanlakis in December 2013 and is headquartered in Palo Alto, CA.

Upwork didn't miss earnings last year, but will definitely miss them this year.

Why Upwork Stock Just Went Down Instead

JMP Securities analyst Andrew Boone  lowered the price target on Upwork Inc (NASDAQ: UPWK) to $48 from $55 and maintained an Outperform rating on the shares after its in-line Q4 earnings and below-consensus outlook. The analyst mentions that the company is making substantial investments in the business while delaying profitability, now estimating 2022 EBITDA to be breakeven vs.

Why Are Upwork Shares Trading Lower Today?

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Upwork Inc. (UPWK) CEO Hayden Brown on Q4 2021 Results - Earnings Call Transcript

Upwork (UPWK) delivered earnings and revenue surprises of 0% and 3.82%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Upwork (UPWK) Reports Q4 Loss, Tops Revenue Estimates

SAN FRANCISCO, Feb. 10, 2022 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent, as measured by gross services volume (“GSV”), today announced its financial results for the fourth quarter and full year of 2021. Please visit the Upwork Investor Relations website at investors.upwork.com/financial-information/quarterly-results to view Upwork's fourth quarter and full year 2021 Shareholder Letter.

Upwork Reports Fourth Quarter and Full Year 2021 Financial Results

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Upwork (UPWK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Upwork (UPWK) Q4 Earnings Expected to Decline

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Piper Sandler analyst Matthew Farrell initiated Upwork Inc (NASDAQ:UPWK) with an Overweight rating and a price target of $40, implying an upside of 37.7%. The analyst believes in the broader market opportunity for talent marketplaces, even after the pandemic passes.

Piper Sandler Sees Sharp Upside In Upwork - Read Why

SAN FRANCISCO--(BUSINESS WIRE)--Upwork (NASDAQ: UPWK), the world's work marketplace, today announced that Patrick Hedren has joined the company in the newly created role of vice president, global head of public policy and government relations. Hedren joins Upwork from the National Association of Manufacturers, one of the largest and most influential industry groups in the country, where he held senior leadership roles as deputy general counsel and as vice president overseeing the association's

Upwork Appoints New Global Head of Public Policy and Government Relations

SAN FRANCISCO--(BUSINESS WIRE)--Upwork (Nasdaq: UPWK), the world's work marketplace, today announced the 10 most in-demand skills for technology, marketing, and customer service independent talent on Upwork in 2022. Digital transformation, operations obstacles, and an ever-evolving labor market continue to fundamentally change how the U.S. works. In part due to The Great Resignation and the millions of Americans who voluntarily left full-time positions over the past year, many organizations are

Upwork Unveils Top 10 Most In-Demand Skills for Technology, Marketing, and Customer Service Independent Talent in 2022

Though it was outpacing the S&P 500 for most of the year, a late crash spoiled the party.

Why Upwork Stock Finished 2021 Down 1%

SAN FRANCISCO, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent, as measured by gross services volume (“GSV”), today announced that it will report its financial results for the fourth quarter and full year 2021 on Thursday, February 10, 2022 after market close. The company will host a Q&A conference call to discuss these results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.

Upwork to Report Fourth Quarter and Full Year 2021 Financial Results on February 10, 2022

SAN FRANCISCO--(BUSINESS WIRE)--Upwork (NASDAQ: UPWK), the world's work marketplace, today announced a partnership with Catch, the first and only portable benefits platform. Together, the companies will provide access to healthcare benefits and personal payroll to independent professionals operating on the Upwork platform. Recent Upwork research shows that 36 percent of the entire U.S. workforce freelanced in 2021. Catch offers freelancers, contractors, and other independent professionals in th

Upwork Partners with Catch to Expand Freelancers' Access to Benefits

SAN FRANCISCO--(BUSINESS WIRE)--Upwork (NASDAQ: UPWK), the world's work marketplace, today announced that Melissa Waters has joined the company as its chief marketing officer. Waters is an accomplished and award-winning marketing executive with more than 15 years of experience building world-class brands, developing high-performing teams, and driving business impact. She joins Upwork from Meta, where she was global vice president of marketing at Instagram. Previously, she led marketing, merchan

Upwork Welcomes Melissa Waters as Chief Marketing Officer

SAN FRANCISCO, Jan. 03, 2022 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent, as measured by gross services volume (“GSV”), today announced that President and CEO, Hayden Brown, and Chief Financial Officer, Jeff McCombs, will participate in a fireside chat at the 24th Annual Needham Growth Conference on Thursday, January 13, 2022, at 11:00 a.m. PT/2:00 p.m. ET.

Upwork to Present at the 24th Annual Needham Growth Conference

Canaccord analyst Maria Ripps initiated Upwork Inc (NASDAQ:UPWK) with a Buy rating and a price target of $45, implying an upside of 32.5%. The analyst says Upwork's freelancer marketplace maintains the leading market share on a gross services value basis, and this "strong foundation" is boosted by a growing emphasis on larger Enterprise clients, product innovation, and brand investments.

Canaccord Is Bullish On Upwork, Sees 32% Upside

SAN FRANCISCO--(BUSINESS WIRE)--Upwork (NASDAQ: UPWK), the world's work marketplace that connects businesses with independent talent, closed 2021 with a number of important appointments in its product & experience (PEX) and engineering organizations, catalyzing strong R&D momentum and setting the company up for sustained success along an accelerated roadmap in 2022. In 2021, the Upwork PEX and engineering teams added several key leaders: David Comer was appointed VP of product, delivery

Upwork Bolsters Product & Experience and Engineering Leadership Teams

SAN FRANCISCO--(BUSINESS WIRE)--Upwork (NASDAQ: UPWK), the world's work marketplace that connects businesses with independent talent, and celebrity chef Kristen Kish today unveiled It's All in the Sauce: Bringing Your Uniqueness to the Table, a guided culinary journal for kids with a social mission of supporting the mental health of LGBTQ+ youth. This collaboration is part of Upwork CoLab, a brand partnership program that gives independent talent an opportunity to work on innovative and meaning

Upwork and Celebrity Chef Kristen Kish Partner to Release Culinary Journal for Kids

SAN FRANCISCO--(BUSINESS WIRE)--Upwork (Nasdaq: UPWK), the world's work marketplace that connects businesses with independent talent, today released the results of “Freelance Forward: 2021,” the most comprehensive study of the U.S. independent workforce to date, which found that 59 million Americans performed freelance work in the past 12 months, representing 36% - or more than one-third - of the entire U.S. workforce. In a turbulent job market marked by persistent talent shortages and rising a

Upwork Study Finds 59 Million Americans Freelancing Amid Turbulent Labor Market

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Shares of Upwork have crashed nearly 40% since hitting peaks above $60, despite no apparent fundamental drivers.

Upwork: Time To Invest For The Rebound

SAN FRANCISCO--(BUSINESS WIRE)--Upwork (NASDAQ: UPWK), the world's work marketplace that connects businesses with independent talent, today announced the launch of its “The Perfect Fit” brand campaign. The campaign showcases how businesses can gain a competitive advantage and solve talent gaps exacerbated by the Great Resignation by tapping into Upwork's network of high-skilled freelancers from around the world. As the United States emerges from the COVID-19 pandemic, businesses are being confr

Upwork Connects Talent-constrained Businesses With “The Perfect Fit” in New Brand Campaign

Upwork maintains the world's largest work-online marketplace that connects businesses to freelancers. The company exhibits a healthy balance sheet and strong margins, but a pricey valuation as well.

News for Upwork Inc Stock (UPWK)