Upwork Inc.
NASDAQ:UPWK
10.77 (USD) • At close September 19, 2024
Overview | Financials
Numbers are in millions (except for per share data and ratios) USD.
| 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 | 2020 Q4 | 2020 Q3 | 2020 Q2 | 2020 Q1 | 2019 Q4 | 2019 Q3 | 2019 Q2 | 2019 Q1 | 2018 Q4 | 2018 Q3 | 2018 Q2 | 2018 Q1 | 2017 Q4 | 2017 Q3 | 2017 Q2 | 2017 Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue
| 193.129 | 190.937 | 183.934 | 175.733 | 168.611 | 160.858 | 161.442 | 158.641 | 156.898 | 141.337 | 136.856 | 128.141 | 124.181 | 113.619 | 106.153 | 96.748 | 87.531 | 83.196 | 80.288 | 78.786 | 74.256 | 68.924 | 67.342 | 64.113 | 62.681 | 59.218 | 54.759 | 52.262 | 48.785 | 47.766 |
| Cost of Revenue
| 43.852 | 44.193 | 45.868 | 43.273 | 40.882 | 40.427 | 41.159 | 40.47 | 40.857 | 37.916 | 37.051 | 34.933 | 33.083 | 30.441 | 28.778 | 26.596 | 25.408 | 23.485 | 22.937 | 22.494 | 21.588 | 21.125 | 20.88 | 20.504 | 20.457 | 19.617 | 17.596 | 16.894 | 15.928 | 15.477 |
| Gross Profit
| 149.277 | 146.744 | 138.066 | 132.46 | 127.729 | 120.431 | 120.283 | 118.171 | 116.041 | 103.421 | 99.805 | 93.208 | 91.098 | 83.178 | 77.375 | 70.152 | 62.123 | 59.711 | 57.351 | 56.292 | 52.668 | 47.799 | 46.462 | 43.609 | 42.224 | 39.601 | 37.163 | 35.368 | 32.857 | 32.289 |
| Gross Profit Ratio
| 0.773 | 0.769 | 0.751 | 0.754 | 0.758 | 0.749 | 0.745 | 0.745 | 0.74 | 0.732 | 0.729 | 0.727 | 0.734 | 0.732 | 0.729 | 0.725 | 0.71 | 0.718 | 0.714 | 0.714 | 0.709 | 0.694 | 0.69 | 0.68 | 0.674 | 0.669 | 0.679 | 0.677 | 0.674 | 0.676 |
| Reseach & Development Expenses
| 52.465 | 52.916 | 46.217 | 43.419 | 43.246 | 44.481 | 41.664 | 38.898 | 35.83 | 38.161 | 33.473 | 30.873 | 28.124 | 26.613 | 22.743 | 20.833 | 20.547 | 19.348 | 16.322 | 16.209 | 15.696 | 15.8 | 14.808 | 14.377 | 12.812 | 13.491 | 13.085 | 11.514 | 10.702 | 10.503 |
| General & Administrative Expenses
| 29.924 | 32.001 | 32.003 | 28.652 | 28.983 | 29.287 | 30.08 | 31.407 | 33.324 | 29.141 | 31.112 | 26.083 | 32.355 | 23.531 | 18.545 | 18.047 | 17.102 | 17.824 | 21.134 | 16.519 | 14.113 | 15.677 | 15.234 | 11.707 | 11.219 | 11.176 | 11.919 | 8.952 | 7.84 | 8.232 |
| Selling & Marketing Expenses
| 47.333 | 47.851 | 49.304 | 47.308 | 59.069 | 65 | 62.786 | 63.171 | 63.283 | 57.642 | 54.681 | 43.192 | 45.817 | 39.604 | 34.53 | 33.577 | 34.44 | 30.678 | 25.572 | 25.322 | 24.479 | 20.518 | 17.909 | 18.967 | 16.414 | 19.673 | 15.717 | 13.626 | 11.374 | 11.851 |
| SG&A
| 79.031 | 80.779 | 83.421 | 75.96 | 88.052 | 94.287 | 92.866 | 94.578 | 96.607 | 86.783 | 85.793 | 69.275 | 78.172 | 63.135 | 53.075 | 51.624 | 51.542 | 48.502 | 46.706 | 41.841 | 38.592 | 36.195 | 33.143 | 30.674 | 27.633 | 30.849 | 27.636 | 22.578 | 19.214 | 20.082 |
| Other Expenses
| 5.62 | 6.722 | 4.864 | 6.477 | 4.695 | 6.701 | 6.235 | 10.137 | 6.652 | 2.129 | 0.44 | -0.222 | -0.017 | 0.078 | 0.5 | 0.452 | 0.248 | -0.731 | 1.634 | 0.462 | 0.832 | 0.479 | -2.297 | -3.423 | -0.173 | -0.249 | 0.013 | -0.26 | 0 | 0 |
| Operating Expenses
| 131.496 | 133.695 | 129.638 | 120.994 | 133.845 | 145.469 | 140.765 | 143.613 | 139.089 | 127.073 | 121.613 | 101.525 | 107.493 | 90.875 | 76.719 | 73.181 | 73.107 | 68.762 | 64.227 | 59.264 | 55.143 | 52.632 | 49.16 | 46.943 | 41.895 | 45.61 | 42.114 | 35.165 | 30.792 | 31.384 |
| Operating Income
| 17.781 | 13.049 | 8.428 | 11.466 | -6.116 | 19.063 | -20.482 | -25.442 | -23.048 | -23.652 | -21.808 | -8.317 | -16.395 | -7.697 | 0.656 | -3.029 | -10.984 | -9.051 | -6.876 | -2.972 | -2.475 | -4.833 | -2.698 | -3.334 | 0.329 | -6.009 | -4.951 | 0.203 | 2.04 | 0.813 |
| Operating Income Ratio
| 0.092 | 0.068 | 0.046 | 0.065 | -0.036 | 0.119 | -0.127 | -0.16 | -0.147 | -0.167 | -0.159 | -0.065 | -0.132 | -0.068 | 0.006 | -0.031 | -0.125 | -0.109 | -0.086 | -0.038 | -0.033 | -0.07 | -0.04 | -0.052 | 0.005 | -0.101 | -0.09 | 0.004 | 0.042 | 0.017 |
| Total Other Income Expenses Net
| 5.62 | 6.722 | 7.389 | 6.477 | 4.695 | -1.101 | 4.422 | 0.655 | -0.745 | -1.057 | 0.44 | -0.222 | -0.017 | 0.078 | 0.5 | 0.452 | 0.248 | -0.731 | 1.634 | 0.462 | 0.832 | 0.479 | -2.297 | -3.423 | -0.173 | -0.249 | 0.013 | -0.26 | -0.182 | -0.123 |
| Income Before Tax
| 23.401 | 19.771 | 15.817 | 17.232 | -2.134 | 17.962 | -16.06 | -24.787 | -23.793 | -24.709 | -22.493 | -9.285 | -16.522 | -7.818 | 1.018 | -2.729 | -10.994 | -10.012 | -5.501 | -2.827 | -2 | -4.727 | -5.359 | -7.346 | -0.4 | -6.787 | -5.269 | -0.256 | 1.858 | 0.69 |
| Income Before Tax Ratio
| 0.121 | 0.104 | 0.086 | 0.098 | -0.013 | 0.112 | -0.099 | -0.156 | -0.152 | -0.175 | -0.164 | -0.072 | -0.133 | -0.069 | 0.01 | -0.028 | -0.126 | -0.12 | -0.069 | -0.036 | -0.027 | -0.069 | -0.08 | -0.115 | -0.006 | -0.115 | -0.096 | -0.005 | 0.038 | 0.014 |
| Income Tax Expense
| 1.181 | 1.329 | -1.557 | 0.895 | 1.857 | 0.795 | 0.44 | 0.04 | 0.027 | 0.029 | 0.063 | 0.026 | 0.016 | 0.017 | 0.093 | 0.018 | 0.03 | 0.009 | -0.056 | 0.779 | 0.027 | 0.001 | 0.006 | -2.834 | 0.012 | -0.003 | -0.078 | 0.045 | 0.002 | 0.006 |
| Net Income
| 22.22 | 18.442 | 17.374 | 16.337 | -3.991 | 17.167 | -16.5 | -24.827 | -23.82 | -24.738 | -22.556 | -9.311 | -16.538 | -7.835 | 0.925 | -2.747 | -11.024 | -10.021 | -5.501 | -2.827 | -2.027 | -4.728 | -5.365 | -7.346 | -0.412 | -6.784 | -5.191 | -0.301 | 1.856 | 0.685 |
| Net Income Ratio
| 0.115 | 0.097 | 0.094 | 0.093 | -0.024 | 0.107 | -0.102 | -0.156 | -0.152 | -0.175 | -0.165 | -0.073 | -0.133 | -0.069 | 0.009 | -0.028 | -0.126 | -0.12 | -0.069 | -0.036 | -0.027 | -0.069 | -0.08 | -0.115 | -0.007 | -0.115 | -0.095 | -0.006 | 0.038 | 0.014 |
| EPS
| 0.17 | 0.14 | 0.13 | 0.12 | -0.03 | 0.13 | -0.13 | -0.19 | -0.18 | -0.19 | -0.18 | -0.073 | -0.13 | -0.063 | 0.01 | -0.023 | -0.095 | -0.088 | -0.049 | -0.025 | -0.019 | -0.044 | -0.052 | -0.071 | -0.004 | -0.071 | -0.054 | -0.003 | 0.057 | 0.021 |
| EPS Diluted
| 0.17 | 0.13 | 0.12 | 0.12 | -0.03 | -0.15 | -0.13 | -0.19 | -0.18 | -0.19 | -0.18 | -0.073 | -0.13 | -0.063 | 0.01 | -0.023 | -0.095 | -0.088 | -0.049 | -0.025 | -0.019 | -0.044 | -0.052 | -0.071 | -0.004 | -0.071 | -0.054 | -0.003 | 0.057 | 0.021 |
| EBITDA
| 22.269 | 17.042 | 13.07 | 20.53 | 1.244 | 21.887 | -12.105 | -20.911 | -19.89 | -20.824 | -18.461 | -5.162 | -12.995 | -3.514 | 4.817 | 1.063 | -7.282 | -6.505 | -2.193 | -0.839 | -0.348 | -2.822 | -3.588 | -5.47 | 1.347 | -5.194 | -3.887 | 0.976 | 3.091 | 1.864 |
| EBITDA Ratio
| 0.115 | 0.089 | 0.071 | 0.117 | 0.007 | 0.136 | -0.075 | -0.132 | -0.127 | -0.147 | -0.135 | -0.04 | -0.105 | -0.031 | 0.045 | 0.011 | -0.083 | -0.078 | -0.027 | -0.011 | -0.005 | -0.041 | -0.053 | -0.085 | 0.021 | -0.088 | -0.071 | 0.019 | 0.063 | 0.039 |