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Upwork (UPWK)
NASDAQ:UPWK
US Market

Upwork (UPWK) Income Statement

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Upwork Income Statement

Last quarter (Q3 2025), Upwork's total revenue was $201.73M, an increase of 4.10% from the same quarter last year. In Q3, Upwork's net income was $29.34M. See Upwork’s key income statements, including revenue, expenses, profit, and income.
Income Statement
Dec 24Dec 23Dec 22Dec 21Dec 20
Total Revenue
$ 769.33M$ 689.14M$ 618.32M$ 502.80M$ 373.63M
Gross Profit
$ 595.23M$ 518.69M$ 457.92M$ 367.29M$ 269.36M
Operating Expenses
$ 530.02M$ 529.95M$ 550.54M$ 421.51M$ 291.77M
Depreciation and Amortization
$ 17.65M$ 12.72M$ 11.14M$ 13.81M$ 14.03M
EBITDA
$ 82.86M$ 1.46M$ -81.49M$ -40.13M$ -7.91M
Operating Income
$ 65.21M$ -11.26M$ -92.62M$ -54.22M$ -22.41M
Other Income/Expenses
$ 25.22M$ 60.14M$ 3.27M$ -1.90M$ -309.00K
Pretax Income
$ 90.43M$ 48.88M$ -89.35M$ -56.12M$ -22.72M
Net Income
$ 215.59M$ 46.89M$ -89.89M$ -56.24M$ -22.87M
Per Share Metrics
Basic EPS
$ 1.61$ 0.35$ -0.69$ -0.44$ -0.19
Diluted EPS
$ 1.52$ 0.34$ -0.69$ -0.44$ -0.19
Weighted Average Shares Outstanding
133.62M 134.77M 130.52M 127.16M 118.70M
Weighted Average Shares Outstanding (Diluted)
143.15M 137.26M 130.52M 127.16M 118.70M
Currency in USD

Upwork Earnings and Revenue History