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

Upwork has reported Research & Development over the past 9 years, most recently at $47.1 million for 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 for Q4 2025 was $47.1 million at Upwork, down from $47.5 million in the prior quarter.
  • Over five years, Research & Development peaked at $53.5 million in Q4 2024 and troughed at $26.6 million in Q1 2021.
  • A 5-year average of $42.3 million and a median of $43.9 million in 2023 define the central range for Research & Development.
  • Biggest five-year swings in Research & Development: skyrocketed 48.19% in 2021 and later decreased 14.53% in 2025.
  • Year by year, Research & Development stood at $33.5 million in 2021, then grew by 24.47% to $41.7 million in 2022, then rose by 10.93% to $46.2 million in 2023, then rose by 15.74% to $53.5 million in 2024, then decreased by 12.03% to $47.1 million in 2025.
  • Business Quant data shows Research & Development for UPWK at $47.1 million in Q4 2025, $47.5 million in Q3 2025, and $44.8 million in Q2 2025.