Growth Metrics

Upwork (UPWK) EBITDA (2017 - 2025)

Upwork (UPWK) has 9 years of EBITDA data on record, last reported at $15.5 million in Q4 2025.

  • For Q4 2025, EBITDA fell 89.38% year-over-year to $15.5 million; the TTM value through Dec 2025 reached $115.9 million, down 46.25%, while the annual FY2025 figure was $115.9 million, 46.25% down from the prior year.
  • EBITDA reached $15.5 million in Q4 2025 per UPWK's latest filing, down from $29.5 million in the prior quarter.
  • Across five years, EBITDA topped out at $146.2 million in Q4 2024 and bottomed at -$27.6 million in Q1 2022.
  • Average EBITDA over 5 years is $11.6 million, with a median of $16.2 million recorded in 2023.
  • Peak YoY movement for EBITDA: crashed 3617.23% in 2021, then surged 713.53% in 2024.
  • A 5-year view of EBITDA shows it stood at -$23.1 million in 2021, then soared by 35.13% to -$15.0 million in 2022, then soared by 220.07% to $18.0 million in 2023, then soared by 713.53% to $146.2 million in 2024, then tumbled by 89.38% to $15.5 million in 2025.
  • Per Business Quant database, its latest 3 readings for EBITDA were $15.5 million in Q4 2025, $29.5 million in Q3 2025, and $32.9 million in Q2 2025.