Name: Upwork Inc. (UPWK) Financial Statements
Creator: FinSpry

Upwork Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Upwork Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Revenue & Gross Profit
Revenue	787.78	769.33	689.14	618.32	502.80	373.63	300.56	253.35
Cost of Revenue	174.75	173.76	170.45	160.40	135.51	104.27	88.14	81.46
Gross Profit	613.03	595.57	518.69	457.92	367.29	269.36	212.42	171.90
Operating Expenses
Research & Development	185.54	201.13	177.36	154.55	119.08	83.47	64.03	55.49
Selling, General & Administrative	290.04	303.58	339.61	370.83	296.38	204.74	163.22	122.30
Operating Expenses	475.59	511.44	529.95	550.54	421.51	291.77	231.15	183.61
Operating Income	129.31	84.13	-11.26	-92.62	-54.22	-22.41	-18.73	-11.71
Other Income/Expense
Interest Income	0.00	27.96	24.42	7.92	0.30	1.07	0.00	0.00
Interest Expense	0.00	-2.76	-3.22	-4.48	2.18	-0.78	0.00	2.04
Other Income/Expense	23.87	0.18	-0.51	0.04	-1.90	-0.47	-3.41	-6.14
Income
Income Before Tax	153.18	90.43	48.88	-89.35	-56.12	-22.72	-16.63	-19.89
Income Tax Expense	-37.75	-125.16	1.99	0.54	0.12	0.15	0.03	0.02
Net Income	115.43	215.59	46.89	-89.89	-56.24	-22.87	-16.66	-19.91
Net Income - Continuous Operations	115.43	215.59	46.89	-89.89	-56.24	0.00	0.00	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	129.31	88.84	-8.31	-89.47	-40.41	-16.14	-5.83	-12.91
EBIT	0.00	84.13	-11.26	-92.62	-54.22	-22.41	-15.33	-17.85
Depreciation & Amortization	0.00	4.71	2.95	3.16	13.81	6.27	2.80	0.00
Earnings Per Share
Basic EPS	1.00	2.00	-	-1.00	-	-	-	-
Diluted EPS	1.00	2.00	-	-1.00	-	-	-	-
Basic Shares Outstanding	132.49	133.62	134.77	130.52	127.16	118.70	109.81	52.33
Diluted Shares Outstanding	140.66	143.15	137.26	130.52	127.16	118.70	109.81	52.33