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 $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 was $43.3 million for Q1 2026 at Upwork, down from $47.1 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $53.5 million in Q4 2024 to a low of $35.8 million in Q2 2022.
• Historically, Research & Development has averaged $45.3 million across 5 years, with a median of $44.8 million in 2025.
• The sharpest annual moves came in 2022 and 2025: Research & Development soared 43.39% in 2022, then decreased 14.53% in 2025.
• A 5-year view of Research & Development shows it stood at $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, then retreated by 7.97% to $43.3 million in 2026.
• The last three Research & Development figures came in at $43.3 million (Q1 2026), $47.1 million (Q4 2025), and $47.5 million (Q3 2025), per Business Quant data.