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

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Earnings data Q1 2023

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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 (UPWK) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Upwork (UPWK) Moves 11.5% Higher: Will This Strength Last?

monday.com

Shopify

The three top-ranked growth tech stocks we explore today are still trading at least 50% below their all-time highs heading into 2024. Investors might want to consider these three stocks as many big tech stocks sit near fresh records.

3 Top-Ranked Growth Tech Stocks to Buy in 2024

Upwork stock, a Covid-era darling, may be primed for a breakout amid AI tailwinds and optimism the Fed will nail its own soft landing.

Upwork Stock: Covid Highflier Dusts Off Its Wings, Nears Breakout

Airbnb

Uber

The gig economy isn't slowing down anytime soon, and exposure to gig economy stocks can help round out a diversified portfolio. End-of-year estimates peg 2023's total gig economy volume around $455 billion, doubling from just five years ago.

3 Gig Economy Stocks Set for Huge Growth in 2024

StoneCo

Travelzoo

The returns can be massive when you can scoop up shares on the cheap before the rest of the market catches on. Of course, separating the wheat from the chaff is easier said than done.

3 Dirt-Cheap Stocks Primed for Massive Growth

Upwork stock cleared a buy point, riding momentum from the Federal Reserve's dovish shift, AI demand, and its own surge in profits.

Upwork Rides AI, Fed Updraft To Buy Point

Freelancers now comprise 38% of the U.S. workforce as professionals of all ages seek flexible work models Freelancers now comprise 38% of the U.S. workforce as professionals of all ages seek flexible work models

Upwork Study Finds 64 Million Americans Freelanced in 2023, Adding $1.27 Trillion to U.S. Economy

Upwork Announces Vendor Management System (VMS) Partnerships and Extended Integration Capabilities to Deliver Seamless, Centralized Workforce Management

Upwork Announces Vendor Management System (VMS) Partnerships and Extended Integration Capabilities to Deliver More Seamless, Centralized Workforce Management

Dropbox

eGain

TTM Technologies

Sporting a Zacks Rank #1 (Strong Buy) now looks like an ideal time to invest in these affordable and promising tech stocks for more upside.

Time to Buy These Affordable Tech Stocks for More Upside

CrowdStrike

Cloudflare

With inflation easing, and both the economy and labor market remaining robust, the macroeconomic picture is enjoying some long-awaited clarity. Now that economists are beginning to expect a more regular economic picture, investors can soon expect interest rates to regulate as well.

Interest Rate Cuts on the Horizon: 3 Stocks Primed to Benefit

Upwork has partnered with companies like Adobe and Amazon to build its AI service hub. Artificial intelligence is the fastest-growing employment category in its marketplace.

Down 77%, Is It Time to Buy This Artificial Intelligence (AI) Stock?

Fiverr

The gig economy is reshaping work, with Fiverr leading the charge. Artificial intelligence poses an opportunity, not a threat, for this company's business model.

Here's the Next Stock I'm Going To Buy

SAN FRANCISCO, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, today announced that the company was recognized for its valuable achievements in innovation and growth in the global hiring platforms industry with the 2023 New Product Innovation Award from industry analyst firm Frost & Sullivan. According to the report , Frost & Sullivan applies a rigorous analytical process to evaluate multiple nominees for each award before determining the final award recipient.

Upwork Wins 2023 New Product Innovation Award from Leading Analyst Firm Frost & Sullivan

Upwork. Inc. NASDAQ: UPWK has been pursuing its goal of being the world's preeminent destination for artificial intelligence (AI) related talent and freelance work. The business services sector company is directly capitalizing on the AI trend to help it achieve sustained GAAP profitability.

Upwork underscores the strength of the AI gig economy

Upwork Inc. and Fiverr International Ltd. are often compared as competitors in the freelance space, so we take a look at them to see which is the better stock now. Upwork's share price has performed better than Fiverr's, perhaps indicating it is a more promising investment. In a low interest rate environment, valuation is less important, but in a normalized interest rate environment, investors need to consider future cash flows and the price they are paying.

Upwork Dominance: Outshines Fiverr In The Gig Economy

Advanced Micro Devices

Alphabet

Mastercard

MercadoLibre

Microsoft

Savvy investors are starting to look for some of the best stocks for slowing inflation. The latest reports show that inflation slowed dramatically in October.

The 7 Best Stocks to Buy for Slowing Inflation

Upwork (UPWK) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes Upwork (UPWK) a New Strong Buy Stock

Upwork (UPWK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Moving Higher for Upwork (UPWK): Time to Buy?

SAN FRANCISCO, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, today announced that Chief Financial Officer Erica Gessert will participate in a fireside chat at the UBS Global Technology Conference at the Intercontinental Phoenician Hotel in Scottsdale, Arizona on Wednesday, November 29, 2023 at 12:35 p.m. PT/3:35 p.m. ET.

Upwork to Present at the UBS Global Technology Conference

Work marketplace Upwork says it has made significant strides in its goal to establish itself as the go-to platform for “AI-empowered” independent professionals while improving its core product experiences and capabilities to streamline connections between professionals and clients. Speaking to analysts on the company's third-quarter earnings call on Tuesday (Nov.

Upwork Taps AI to Enhance Platform as Zillenials Avoid Gig Work

Upwork (NASDAQ: UPWK) stock price surged in the extended hours after the company published encouraging financial results. The shares, which ended the week at $12.03 on Tuesday, surged by 20% after its earnings release.

Upwork stock price inverted H&S pattern points to more upside

Upwork Inc. (NASDAQ:UPWK ) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Company Participants David Anhalt - Manager of IR Hayden Brown - President & CEO Erica Gessert - CFO Conference Call Participants Matt Farrell - Piper Sandler Jason Park - UBS Logan Reich - RBC Bernard McTernan - Needham and Company John Byun - Jefferies Rohit Kulkarni - ROTH Andrew Boone - JMP Securities Eric Sheridan - Goldman Sachs Maria Ripps - Canaccord Operator Good day, and thank you for standing by. Welcome to the Upwork Q3 2023 Earnings Conference Call.

Upwork Inc. (UPWK) Q3 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Upwork (UPWK) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About Upwork (UPWK) Q3 Earnings

Upwork Inc.'s UPWK, +6.13% stock surged 18% in after-hours trading Tuesday after the company registered quarterly results that topped analyst revenue and earnings estimates. Upwork reported fiscal third-quarter net income of $16.3 million, or 12 cents a share, compared with a net loss of $24.8 million, or 19 cents a share, in the same quarter a year ago.

Upwork's stock is soaring 18% on big earnings beat

SAN FRANCISCO, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, today announced its financial results for the third quarter of 2023. Please visit the Upwork Investor Relations website at investors.upwork.com/financial-information/quarterly-results to view Upwork's third quarter 2023 Shareholder Letter.

News for Upwork Inc Stock (UPWK)