Growth Metrics

Upwork (UPWK) EBT (2017 - 2026)

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

  • For Q4 2025, EBT rose 85.35% year-over-year to $34.1 million; the TTM value through Dec 2025 reached $153.2 million, up 69.39%, while the annual FY2025 figure was $153.2 million, 69.39% up from the prior year.
  • EBT for Q4 2025 was $34.1 million at Upwork, down from $35.7 million in the prior quarter.
  • Over five years, EBT peaked at $45.0 million in Q1 2025 and troughed at -$24.8 million in Q3 2022.
  • A 5-year average of $7.4 million and a median of $16.5 million in 2023 define the central range for EBT.
  • Biggest five-year swings in EBT: crashed 2309.53% in 2021 and later soared 1196.58% in 2024.
  • Year by year, EBT stood at -$22.5 million in 2021, then rose by 28.6% to -$16.1 million in 2022, then skyrocketed by 198.49% to $15.8 million in 2023, then increased by 16.15% to $18.4 million in 2024, then surged by 85.35% to $34.1 million in 2025.
  • Business Quant data shows EBT for UPWK at $34.1 million in Q4 2025, $35.7 million in Q3 2025, and $38.4 million in Q2 2025.