Upwork, Inc (UPWK) Research & Development (2017 - 2026)

Upwork (UPWK) has reported Research & Development for 10 consecutive years, with $43.3 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Research & Development fell 6.16% year-over-year to $43.3 million; the TTM figure through Mar 2026 stood at $182.7 million (down 9.79% YoY), while the FY2025 annual figure was $185.5 million, down 11.34% from the prior year.
• Research & Development came in at $43.3 million for Q1 2026 at Upwork, down from $47.1 million in the prior quarter.
• The five-year high for Research & Development was $53.5 million in Q4 2024, with the low at $35.8 million in Q2 2022.
• Average Research & Development over 5 years is $45.3 million, with a median of $44.8 million recorded in 2025.
• Across the five-year window, Research & Development soared 43.39% in 2022 and declined 14.53% in 2025, its largest moves.
• Year by year, Research & Development stood at $41.7 million in 2022, then gained by 10.93% to $46.2 million in 2023, then gained by 15.74% to $53.5 million in 2024, then slipped by 12.03% to $47.1 million in 2025, then dropped by 7.97% to $43.3 million in 2026.
• According to Business Quant data, Research & Development over the past three periods registered $43.3 million, $47.1 million, and $47.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.