Upwork's Research & Development fell 578.64% to $47.5 million in Q3 2025 from the same period last year, while for Sep 2025 it was $183.3 million, marking a year-over-year decrease of 1196.84%. This contributed to the annual value of $209.3 million for FY2024, which is 1799.7% up from last year.
Latest data reveals that Upwork reported Research & Development of $47.5 million as of Q3 2025, which was down 578.64% from $44.8 million recorded in Q2 2025.
Upwork's Research & Development's 5-year high stood at $53.5 million during Q4 2024, with a 5-year trough of $26.6 million in Q1 2021.
In the last 5 years, Upwork's Research & Development had a median value of $43.4 million in 2023 and averaged $42.0 million.
As far as peak fluctuations go, Upwork's Research & Development surged by 4819.28% in 2021, and later tumbled by 1452.78% in 2025.
Over the past 5 years, Upwork's Research & Development (Quarter) stood at $33.5 million in 2021, then increased by 24.47% to $41.7 million in 2022, then increased by 10.93% to $46.2 million in 2023, then rose by 15.74% to $53.5 million in 2024, then fell by 11.21% to $47.5 million in 2025.
Its Research & Development was $47.5 million in Q3 2025, compared to $44.8 million in Q2 2025 and $46.2 million in Q1 2025.

Peer Comparison

Historic Data

Download Data 🔒

Date	Value