Upwork (UPWK) EBT (2017 - 2026)
Upwork (UPWK) posted quarterly EBT of $37.7 million for Q1 2026, down 16.21% year-over-year from $45.0 million in Q1 2025, and up 10.75% quarter-over-quarter from $34.1 million in Q4 2025.
Upwork (UPWK) EBT (2017 - 2026) Analysis & Trends
Upwork's EBT history runs 10 years deep, the most recent figure standing at $37.7 million for Q1 2026.
- In Q1 2026, EBT fell 16.21% year-over-year to $37.7 million; the TTM figure through Mar 2026 stood at $145.9 million (up 26.12% YoY), while the FY2025 annual figure was $153.2 million, up 69.39% from the prior year.
- EBT for Q1 2026 stood at $37.7 million, up from $34.1 million in the prior quarter.
- The five-year high for EBT was $45.0 million in Q1 2025, with the low at -$24.8 million in Q3 2022.
- The 5-year median for EBT is $18.4 million (2024), against an average of $14.2 million.
- The sharpest annual moves came in 2022 and 2024: EBT plunged 216.05% in 2022, then surged 1196.58% in 2024.
- Upwork's EBT stood at -$16.1 million in 2022, then jumped 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, then increased by 10.75% to $37.7 million in 2026.
- Business Quant data shows UPWK's EBT at $37.7 million in Q1 2026, $34.1 million in Q4 2025, and $35.7 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,170.83 Bn | 3,741.79 Bn | 73.85 Bn | 138.75 Bn |
| 2 | Meta Platforms | 1,525.91 Bn | 1,435.65 Bn | 49.47 Bn | 18.76 Bn |
| 3 | Taboola.com | 1,144.63 Bn | 1,144.50 Bn | 139.48 Mn | 7.29 Mn |
| 4 | Baidu | 288.34 Bn | 283.85 Bn | 1.88 Mn | 554.00 Mn |
| 5 | Spotify Technology | 102.92 Bn | 92.68 Bn | 1.75 Bn | 1.10 Bn |
| 6 | Joyy | 77.39 Bn | 76.50 Bn | 205.64 Mn | 40.69 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 102,234.00 |
| 8 | Nebius | 49.34 Bn | 39.71 Bn | 295.20 Mn | 2.40 |
| 9 | 30.23 Bn | 27.44 Bn | 734.60 Mn | 256.84 Mn | |
| 10 | Upwork | 1.07 Bn | 486.83 Mn | 150.84 Mn | 37.71 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 37.71 Mn |
| Dec 31, 2025 | 34.05 Mn |
| Sep 30, 2025 | 35.68 Mn |
| Jun 30, 2025 | 38.44 Mn |
| Mar 31, 2025 | 45.01 Mn |
| Dec 31, 2024 | 18.37 Mn |
| Sep 30, 2024 | 28.88 Mn |
| Jun 30, 2024 | 23.40 Mn |
| Mar 31, 2024 | 19.77 Mn |
| Dec 31, 2023 | 15.82 Mn |
| Sep 30, 2023 | 17.23 Mn |
| Jun 30, 2023 | -2.13 Mn |
| Mar 31, 2023 | 17.96 Mn |
| Dec 31, 2022 | -16.06 Mn |
| Sep 30, 2022 | -24.79 Mn |
| Jun 30, 2022 | -23.79 Mn |
| Mar 31, 2022 | -24.71 Mn |
| Dec 31, 2021 | -22.49 Mn |
| Sep 30, 2021 | -9.29 Mn |
| Jun 30, 2021 | -16.52 Mn |