Upwork, Inc (UPWK) EBITDA (2017 - 2026)

Upwork (UPWK) has reported EBITDA for 10 consecutive years, with $30.8 million the latest figure, recorded in 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 came in at $30.8 million for Q1 2026 at Upwork, up from $15.5 million in the prior quarter.
• The five-year high for EBITDA was $146.2 million in Q4 2024, with the low at -$27.6 million in Q1 2022.
• Average EBITDA over 5 years is $18.8 million, with a median of $18.0 million recorded in 2023.
• Across the five-year window, EBITDA slumped 251.08% in 2022 and surged 713.53% in 2024, its largest moves.
• Year by year, EBITDA 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 plunged by 89.38% to $15.5 million in 2025, then jumped by 98.74% to $30.8 million in 2026.
• According to Business Quant data, EBITDA over the past three periods registered $30.8 million, $15.5 million, and $29.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.