Education
About Us
Working with TipRanks
Follow Us
Upwork (UPWK)
NASDAQ:UPWK
Earnings Data
Report Date
Jul 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.28Last Year’s EPS
0.26Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:May 05, 2025
|% Change Since: 23.50%
|Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted Upwork's strong start to 2025 with record revenue and adjusted EBITDA, driven by AI initiatives and increased engagement. However, there were some macroeconomic headwinds affecting customer activity and a flat performance in enterprise revenue. Despite these challenges, the company's outlook remains confident, supported by strategic investments in AI and enterprise solutions.Company Guidance
During Upwork's First Quarter 2025 earnings call, the company reported a strong start to the year, surpassing expectations with revenue of $192.7 million, exceeding the high end of their guidance range. The adjusted EBITDA reached a record high of $56 million, with an adjusted EBITDA margin of 29%. The gross margin stood at 78.3%. Upwork's core marketplace showed resilience, as Gross Services Volume (GSV) per active client grew year-over-year for the first time in six quarters, and active clients on their Business Plus offering more than doubled. Despite some macroeconomic pressures, the company reiterated its full-year revenue guidance of $740 to $760 million and increased its full-year adjusted EBITDA guidance to a range of $190 million to $200 million. Furthermore, Upwork highlighted the significant role of AI in their operations, with 80,000 AI specialists on their platform and a 25% year-over-year growth in AI-related GSV, contributing to a 63% lift in engagement with their AI-powered features.Record Revenue and Adjusted EBITDA
Upwork reported a record first quarter revenue of $192.7 million, exceeding the high end of their guidance range. Adjusted EBITDA reached an all-time high of $56 million with an adjusted EBITDA margin of 29%.
AI Initiatives and Engagement
Upwork has 80,000 AI specialists on their platform, with AI-related work growing 25% year-over-year. Engagement with Uma, Upwork's AI feature, increased by 52% quarter-over-quarter.
Increase in Business Plus and Enterprise Clients
Business Plus clients more than doubled quarter over quarter. 40% of active Business Plus clients are new customers, indicating strong adoption of the offering.
Strong Margin and Cash Flow Performance
Non-GAAP gross margin reached a record high of 78.3%, and Upwork reported a GAAP net income increase of 105% year-over-year. Free cash flow was $30.8 million.
---
UPWK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
UPWK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| May 05, 2025 | $13.32 | $15.72 | +18.02% |
| Feb 12, 2025 | $15.53 | $16.56 | +6.63% |
| Nov 06, 2024 | $14.58 | $16.25 | +11.45% |
| Aug 07, 2024 | $10.46 | $9.37 | -10.42% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Upwork (UPWK) report earnings?
Upwork (UPWK) is schdueled to report earning on Jul 24, 2025, TBA Not Confirmed.
What is Upwork (UPWK) earnings time?
Upwork (UPWK) earnings time is at Jul 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is UPWK EPS forecast?
UPWK EPS forecast for the fiscal quarter 2025 (Q2) is 0.28.
---
