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.

  • For Q4 2025, Enterprise Value fell 8.15% year-over-year to -$672.8 million; the TTM value through Dec 2025 reached -$672.8 million, down 8.15%, while the annual FY2025 figure was -$672.8 million, 8.15% down from the prior year.
  • Enterprise Value for Q4 2025 was -$672.8 million at Upwork, down from -$643.1 million in the prior quarter.
  • Over five years, Enterprise Value peaked at -$334.6 million in Q1 2021 and troughed at -$873.4 million in Q1 2022.
  • A 5-year average of -$681.9 million and a median of -$690.4 million in 2022 define the central range for Enterprise Value.
  • Biggest five-year swings in Enterprise Value: tumbled 204.57% in 2021 and later increased 21.53% in 2025.
  • Year by year, Enterprise Value stood at -$684.8 million in 2021, then fell by 0.27% to -$686.6 million in 2022, then increased by 19.88% to -$550.1 million in 2023, then fell by 13.09% to -$622.1 million in 2024, then decreased by 8.15% to -$672.8 million in 2025.
  • Business Quant data shows Enterprise Value for UPWK at -$672.8 million in Q4 2025, -$643.1 million in Q3 2025, and -$634.6 million in Q2 2025.