Upwork (UPWK) EBT (2017 - 2026)

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 was $37.7 million for Q1 2026 at Upwork, up from $34.1 million in the prior quarter.
• In the past five years, EBT ranged from a high of $45.0 million in Q1 2025 to a low of -$24.8 million in Q3 2022.
• Historically, EBT has averaged $14.2 million across 5 years, with a median of $18.4 million in 2024.
• The sharpest annual moves came in 2022 and 2024: EBT sank 216.05% in 2022, then soared 1196.58% in 2024.
• A 5-year view of EBT shows it stood at -$16.1 million in 2022, then surged by 198.49% to $15.8 million in 2023, then rose by 16.15% to $18.4 million in 2024, then soared by 85.35% to $34.1 million in 2025, then rose by 10.75% to $37.7 million in 2026.
• The last three EBT figures came in at $37.7 million (Q1 2026), $34.1 million (Q4 2025), and $35.7 million (Q3 2025), per Business Quant data.