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

Upwork's Research & Development history runs 10 years deep, the most recent figure standing at $43.3 million for 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 $170.2 million (down 11.85% YoY), while the FY2025 annual figure was $185.5 million, down 11.34% from the prior year.
• Research & Development for Q1 2026 stood at $43.3 million, down from $47.1 million in the prior quarter.
• The five-year high for Research & Development was $134.0 million in Q4 2022, with the low at $6.0 million in Q4 2023.
• The 5-year median for Research & Development is $46.2 million (2025), against an average of $49.7 million.
• The sharpest annual moves came in 2023 and 2024: Research & Development sank 95.53% in 2023, then soared 793.6% in 2024.
• Upwork's Research & Development stood at $134.0 million in 2022, then tumbled by 95.53% to $6.0 million in 2023, then jumped by 793.6% to $53.5 million in 2024, then declined by 12.03% to $47.1 million in 2025, then fell by 7.97% to $43.3 million in 2026.
• Business Quant data shows UPWK's Research & Development at $43.3 million in Q1 2026, $47.1 million in Q4 2025, and $35.0 million in Q3 2025.