Upwork (UPWK) EBITDA (2017 - 2026)

Upwork's EBITDA history runs 10 years deep, the most recent figure standing at $30.8 million for Q1 2026.

• In Q1 2026, EBITDA fell 18.86% year-over-year to $30.8 million; the TTM figure through Mar 2026 stood at $108.7 million (down 53.88% YoY), while the FY2025 annual figure was $115.9 million, down 46.25% from the prior year.
• EBITDA was $30.8 million for Q1 2026 at Upwork, up from $15.5 million in the prior quarter.
• In the past five years, EBITDA ranged from a high of $146.2 million in Q4 2024 to a low of -$27.6 million in Q1 2022.
• Historically, EBITDA has averaged $18.8 million across 5 years, with a median of $18.0 million in 2023.
• The sharpest annual moves came in 2022 and 2024: EBITDA sank 251.08% in 2022, then surged 713.53% in 2024.
• A 5-year view of EBITDA shows it stood at -$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, then jumped by 98.74% to $30.8 million in 2026.
• The last three EBITDA figures came in at $30.8 million (Q1 2026), $15.5 million (Q4 2025), and $29.5 million (Q3 2025), per Business Quant data.