Upwork (UPWK) Enterprise Value (2017 - 2026)
Upwork (UPWK) posted quarterly Enterprise Value of -$579.7 million for Q1 2026, up 31.13% year-over-year from -$442.1 million in Q1 2025, and up 13.83% quarter-over-quarter from -$672.8 million in Q4 2025.
Analysis
Upwork (UPWK) Enterprise Value (2017 - 2026) Analysis & Trends
Upwork's Enterprise Value history runs 10 years deep, the most recent figure standing at -$579.7 million for Q1 2026.
- In Q1 2026, Enterprise Value rose 31.13% year-over-year to -$579.7 million; the TTM figure through Mar 2026 stood at -$579.7 million (up 31.13% YoY), while the FY2025 annual figure was -$672.8 million, up 18.15% from the prior year.
- Enterprise Value for Q1 2026 stood at -$579.7 million, up from -$672.8 million in the prior quarter.
- The five-year high for Enterprise Value was -$550.1 million in Q4 2023, with the low at -$873.4 million in Q1 2022.
- The 5-year median for Enterprise Value is -$717.9 million (2024), against an average of -$729.6 million.
- The sharpest annual moves came in 2022 and 2026: Enterprise Value sank 161.04% in 2022, then surged 31.13% in 2026.
- Upwork's Enterprise Value stood at -$686.6 million in 2022, then increased by 19.88% to -$550.1 million in 2023, then tumbled by 49.42% to -$821.9 million in 2024, then grew by 18.15% to -$672.8 million in 2025, then increased by 13.83% to -$579.7 million in 2026.
- Business Quant data shows UPWK's Enterprise Value at -$579.7 million in Q1 2026, -$672.8 million in Q4 2025, and -$643.1 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | -429.04 Bn |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | -90.26 Bn |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | -6.92 Bn |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | -9.10 Bn |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | -2.79 Bn | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | -2.14 Bn |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | -3.09 Bn |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | -1.27 Bn | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | -583.81 Mn |
| 10 | Upwork | 1.12 Bn | 501.02 Mn | 146.37 Mn | -614.24 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -614.24 Mn |
| Mar 31, 2026 | -579.73 Mn |
| Dec 31, 2025 | -672.78 Mn |
| Sep 30, 2025 | -643.10 Mn |
| Jun 30, 2025 | -850.41 Mn |
| Mar 31, 2025 | -841.81 Mn |
| Dec 31, 2024 | -821.94 Mn |
| Sep 30, 2024 | -819.59 Mn |
| Jun 30, 2024 | -720.79 Mn |
| Mar 31, 2024 | -717.93 Mn |
| Dec 31, 2023 | -550.10 Mn |
| Sep 30, 2023 | -737.60 Mn |
| Jun 30, 2023 | -698.71 Mn |
| Mar 31, 2023 | -694.28 Mn |
| Dec 31, 2022 | -686.61 Mn |
| Sep 30, 2022 | -850.06 Mn |
| Jun 30, 2022 | -860.36 Mn |
| Mar 31, 2022 | -873.37 Mn |
| Dec 31, 2021 | -684.77 Mn |
| Sep 30, 2021 | -873.37 Mn |