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Upwork (UPWK) Research & Development (2017 - 2025)

Upwork (UPWK) has 9 years of Research & Development data on record, last reported at $47.1 million in Q4 2025.

  • For Q4 2025, Research & Development fell 12.03% year-over-year to $47.1 million; the TTM value through Dec 2025 reached $185.5 million, down 11.34%, while the annual FY2025 figure was $185.5 million, 11.34% down from the prior year.
  • Research & Development reached $47.1 million in Q4 2025 per UPWK's latest filing, down from $47.5 million in the prior quarter.
  • Across five years, Research & Development topped out at $53.5 million in Q4 2024 and bottomed at $26.6 million in Q1 2021.
  • Average Research & Development over 5 years is $42.3 million, with a median of $43.9 million recorded in 2023.
  • Peak YoY movement for Research & Development: skyrocketed 48.19% in 2021, then decreased 14.53% in 2025.
  • A 5-year view of Research & Development shows it stood at $33.5 million in 2021, then increased by 24.47% to $41.7 million in 2022, then grew by 10.93% to $46.2 million in 2023, then grew by 15.74% to $53.5 million in 2024, then fell by 12.03% to $47.1 million in 2025.
  • Per Business Quant database, its latest 3 readings for Research & Development were $47.1 million in Q4 2025, $47.5 million in Q3 2025, and $44.8 million in Q2 2025.