Upwork (UPWK) Common Equity (2017 - 2026)
Upwork (UPWK) recorded quarterly Common Equity of $569.6 million in Q1 2026, down 9.63% quarter-over-quarter from $630.3 million in Q4 2025, and down 4.16% on a YoY basis from $594.3 million in Q1 2025.
Upwork (UPWK) Common Equity (2017 - 2026) Analysis & Trends
Upwork's Common Equity history runs 10 years deep, the most recent figure standing at $569.6 million for Q1 2026.
- In Q1 2026, Common Equity fell 4.16% year-over-year to $569.6 million; the TTM figure through Mar 2026 stood at $569.6 million (down 4.16% YoY), while the FY2025 annual figure was $630.3 million, up 9.55% from the prior year.
- Common Equity was $569.6 million for Q1 2026 at Upwork, down from $630.3 million in the prior quarter.
- In the past five years, Common Equity ranged from a high of $630.3 million in Q4 2025 to a low of $242.6 million in Q3 2022.
- Historically, Common Equity has averaged $413.8 million across 5 years, with a median of $361.1 million in 2024.
- The sharpest annual moves came in 2022 and 2025: Common Equity fell 20.16% in 2022, then jumped 70.36% in 2025.
- A 5-year view of Common Equity shows it stood at $248.9 million in 2022, then surged by 53.12% to $381.1 million in 2023, then jumped by 50.99% to $575.4 million in 2024, then advanced by 9.55% to $630.3 million in 2025, then dropped by 9.63% to $569.6 million in 2026.
- The last three Common Equity figures came in at $569.6 million (Q1 2026), $630.3 million (Q4 2025), and $628.1 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 1,913,603.98 Bn | 1,913,603.98 Bn | 295.20 Mn | 7.24 Bn |
| 2 | Alphabet | 4,425.33 Bn | 4,209.71 Bn | 102.29 Bn | 478.75 Bn |
| 3 | Meta Platforms | 1,502.66 Bn | 1,421.48 Bn | 46.09 Bn | 243.68 Bn |
| 4 | Spotify Technology | 119.69 Bn | 109.44 Bn | 1.75 Bn | 9.38 Bn |
| 5 | 33.22 Bn | 30.45 Bn | 511.94 Mn | 3.18 Bn | |
| 6 | 13.64 Bn | 12.34 Bn | 768.96 Mn | 2.85 Bn | |
| 7 | Kanzhun | 13.02 Bn | 10.92 Bn | 255.62 Bn | - |
| 8 | Snap | 9.72 Bn | 6.90 Bn | 1.29 Bn | 2.08 Bn |
| 9 | Zillow | 8.26 Bn | 7.48 Bn | 519.00 Mn | 4.41 Bn |
| 10 | Upwork | 1.12 Bn | 542.56 Mn | 150.84 Mn | 569.63 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 569.63 Mn |
| Dec 31, 2025 | 630.32 Mn |
| Sep 30, 2025 | 628.13 Mn |
| Jun 30, 2025 | 608.65 Mn |
| Mar 31, 2025 | 594.34 Mn |
| Dec 31, 2024 | 575.38 Mn |
| Sep 30, 2024 | 411.17 Mn |
| Jun 30, 2024 | 361.10 Mn |
| Mar 31, 2024 | 348.88 Mn |
| Dec 31, 2023 | 381.08 Mn |
| Sep 30, 2023 | 342.94 Mn |
| Jun 30, 2023 | 306.92 Mn |
| Mar 31, 2023 | 288.96 Mn |
| Dec 31, 2022 | 248.88 Mn |
| Sep 30, 2022 | 242.58 Mn |
| Jun 30, 2022 | 246.32 Mn |
| Mar 31, 2022 | 249.35 Mn |
| Dec 31, 2021 | 259.52 Mn |
| Sep 30, 2021 | 264.83 Mn |
| Jun 30, 2021 | 308.53 Mn |