KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Consolidated Net IncomeCost of RevenueEBITEBITDAEBTEPS (Basic)EPS (Weighted Average and Diluted)Gross ProfitIncome from Continuing OperationsIncome towards Parent CompanyNet Income towards Common StockholdersNon Operating IncomeOperating ExpensesOperating IncomeOther Non Operating IncomeOther Operating ExpensesProfit After TaxResearch & DevelopmentRevenueSelling, General & AdministrativeShares OutstandingShares Outstanding (Diluted Average)Shares Outstanding (Weighted Average)Tax ProvisionsTax RateTax Rate
Others
Accumulated Depreciation & AmortizationAccumulated Depreciation & AmortizationCost of RevenueEBIATGross ProfitLeasesMachine, Furnitures, Fixtures & OtherOther Gross PP&E AdjustmentsOther Gross PP&E AdjustmentsProperty, Plant & Equipment (Gross)Property, Plant & Equipment (Gross)Receivables - NetReceivables - OtherShares IssuedShares OutstandingShares OutstandingShares Repurchased
Ratios

Upwork (UPWK) Cost of Revenue (2017 - 2026)

Upwork has reported Cost of Revenue over the past 9 years, most recently at $36.0 million for Q4 2025.

  • For Q4 2025, Cost of Revenue fell 18.05% year-over-year to $36.0 million; the TTM value through Dec 2025 reached $143.4 million, down 18.23%, while the annual FY2025 figure was $143.4 million, 22.57% down from the prior year.
  • Cost of Revenue for Q4 2025 was $36.0 million at Upwork, up from $35.0 million in the prior quarter.
  • Over five years, Cost of Revenue peaked at $59.1 million in Q2 2023 and troughed at -$927000.0 in Q4 2023.
  • A 5-year average of $37.0 million and a median of $40.4 million in 2022 define the central range for Cost of Revenue.
  • Biggest five-year swings in Cost of Revenue: plummeted 102.25% in 2023 and later skyrocketed 4839.37% in 2024.
  • Year by year, Cost of Revenue stood at $6.9 million in 2021, then skyrocketed by 496.94% to $41.2 million in 2022, then plummeted by 102.25% to -$927000.0 in 2023, then skyrocketed by 4839.37% to $43.9 million in 2024, then dropped by 18.05% to $36.0 million in 2025.
  • Business Quant data shows Cost of Revenue for UPWK at $36.0 million in Q4 2025, $35.0 million in Q3 2025, and $36.7 million in Q2 2025.