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Upwork (DE:UP2)
FRANKFURT:UP2
Germany Market

Upwork (UP2) Income Statement

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Upwork Income Statement

Last quarter (Q4 2025), Upwork's total revenue was $198.41M, an increase of 3.62% from the same quarter last year. In Q4, Upwork's net income was $15.63M. See Upwork’s key income statements, including revenue, expenses, profit, and income.
Income Statement
Dec 25Dec 24Dec 23Dec 22Dec 21
Total Revenue
$ 787.78M$ 769.33M$ 689.14M$ 618.32M$ 502.80M
Gross Profit
$ 613.03M$ 595.23M$ 518.69M$ 457.92M$ 367.29M
Operating Expenses
$ 483.73M$ 530.02M$ 529.95M$ 550.54M$ 421.51M
Depreciation and Amortization
$ 22.47M$ 17.65M$ 12.72M$ 11.14M$ 13.81M
EBITDA
$ 163.45M$ 82.86M$ 1.46M$ -81.49M$ -40.13M
Operating Income
$ 129.31M$ 65.21M$ -11.26M$ -92.62M$ -54.22M
Other Income/Expenses
$ 23.87M$ 25.22M$ 60.14M$ 3.27M$ -1.90M
Pretax Income
$ 153.18M$ 90.43M$ 48.88M$ -89.35M$ -56.12M
Net Income
$ 115.42M$ 215.59M$ 46.89M$ -89.89M$ -56.24M
Per Share Metrics
Basic EPS
$ 0.87$ 1.61$ 0.35$ -0.69$ -0.44
Diluted EPS
$ 0.83$ 1.52$ 0.34$ -0.69$ -0.44
Weighted Average Shares Outstanding
130.62M 133.62M 134.77M 130.52M 127.16M
Weighted Average Shares Outstanding (Diluted)
139.41M 143.15M 137.26M 130.52M 127.16M
Currency in USD

Upwork Earnings and Revenue History