Upwork (UPWK) Enterprise Value (2017 - 2026)

Upwork (UPWK) recorded quarterly Enterprise Value of -$579.7 million in Q1 2026, up 13.83% quarter-over-quarter from -$672.8 million in Q4 2025, and up 31.13% on a YoY basis from -$442.1 million in Q1 2025.

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 was -$579.7 million for Q1 2026 at Upwork, up from -$672.8 million in the prior quarter.
  • In the past five years, Enterprise Value ranged from a high of -$550.1 million in Q4 2023 to a low of -$873.4 million in Q1 2022.
  • Historically, Enterprise Value has averaged -$729.6 million across 5 years, with a median of -$717.9 million in 2024.
  • The sharpest annual moves came in 2022 and 2026: Enterprise Value slumped 161.04% in 2022, then soared 31.13% in 2026.
  • A 5-year view of Enterprise Value shows it stood at -$686.6 million in 2022, then rose by 19.88% to -$550.1 million in 2023, then plunged by 49.42% to -$821.9 million in 2024, then increased by 18.15% to -$672.8 million in 2025, then rose by 13.83% to -$579.7 million in 2026.
  • The last three Enterprise Value figures came in at -$579.7 million (Q1 2026), -$672.8 million (Q4 2025), and -$643.1 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Enterprise Value (Qtr)
1 Nebius 1,913,603.98 Bn 1,913,603.98 Bn 295.20 Mn -9.63 Bn
2 Alphabet 4,425.33 Bn 4,209.71 Bn 102.29 Bn -215.62 Bn
3 Meta Platforms 1,502.66 Bn 1,421.48 Bn 46.09 Bn -81.18 Bn
4 Spotify Technology 119.69 Bn 109.44 Bn 1.75 Bn -10.24 Bn
5 Reddit 33.22 Bn 30.45 Bn 511.94 Mn -2.77 Bn
6 Pinterest 13.64 Bn 12.34 Bn 768.96 Mn -1.30 Bn
7 Kanzhun 13.02 Bn 10.92 Bn 255.62 Bn -2.10 Bn
8 Snap 9.72 Bn 6.90 Bn 1.29 Bn -2.82 Bn
9 Zillow 8.26 Bn 7.48 Bn 519.00 Mn -783.00 Mn
10 Upwork 1.12 Bn 542.56 Mn 150.84 Mn -579.73 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -579.73 Mn
Dec 31, 2025 -672.78 Mn
Sep 30, 2025 -643.10 Mn
Jun 30, 2025 -634.58 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
Jun 30, 2021 -341.16 Mn