Growth Metrics

Upwork (UPWK) Enterprise Value (2018 - 2026)

Upwork has reported Enterprise Value over the past 9 years, most recently at -$672.8 million for Q4 2025.

  • Quarterly results put Enterprise Value at -$672.8 million for Q4 2025, down 8.15% from a year ago — trailing twelve months through Dec 2025 was -$672.8 million (down 8.15% YoY), and the annual figure for FY2025 was -$672.8 million, down 8.15%.
  • Enterprise Value for Q4 2025 was -$672.8 million at Upwork, down from -$643.1 million in the prior quarter.
  • Over the last five years, Enterprise Value for UPWK hit a ceiling of -$334.6 million in Q1 2021 and a floor of -$873.4 million in Q1 2022.
  • Median Enterprise Value over the past 5 years was -$690.4 million (2022), compared with a mean of -$681.9 million.
  • Biggest five-year swings in Enterprise Value: plummeted 204.57% in 2021 and later grew 21.53% in 2025.
  • Upwork's Enterprise Value stood at -$684.8 million in 2021, then decreased by 0.27% to -$686.6 million in 2022, then grew by 19.88% to -$550.1 million in 2023, then decreased by 13.09% to -$622.1 million in 2024, then dropped by 8.15% to -$672.8 million in 2025.
  • The last three reported values for Enterprise Value were -$672.8 million (Q4 2025), -$643.1 million (Q3 2025), and -$634.6 million (Q2 2025) per Business Quant data.