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 | 33.22 Bn | 30.45 Bn | 511.94 Mn | -2.77 Bn | |
| 6 | 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| Date | Value |
|---|---|
| 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 |