Growth Metrics

Upwork (UPWK) EBT (2017 - 2025)

Upwork has reported EBT over the past 9 years, most recently at $34.1 million for Q4 2025.

  • Quarterly results put EBT at $34.1 million for Q4 2025, up 85.35% from a year ago — trailing twelve months through Dec 2025 was $153.2 million (up 69.39% YoY), and the annual figure for FY2025 was $153.2 million, up 69.39%.
  • EBT for Q4 2025 was $34.1 million at Upwork, down from $35.7 million in the prior quarter.
  • Over the last five years, EBT for UPWK hit a ceiling of $45.0 million in Q1 2025 and a floor of -$24.8 million in Q3 2022.
  • Median EBT over the past 5 years was $16.5 million (2023), compared with a mean of $7.4 million.
  • Biggest five-year swings in EBT: tumbled 2309.53% in 2021 and later surged 1196.58% in 2024.
  • Upwork's EBT stood at -$22.5 million in 2021, then increased by 28.6% to -$16.1 million in 2022, then soared by 198.49% to $15.8 million in 2023, then grew by 16.15% to $18.4 million in 2024, then skyrocketed by 85.35% to $34.1 million in 2025.
  • The last three reported values for EBT were $34.1 million (Q4 2025), $35.7 million (Q3 2025), and $38.4 million (Q2 2025) per Business Quant data.