Upwork (UPWK) Retained Earnings (2017 - 2026)
Upwork (UPWK) recorded quarterly Retained Earnings of $68.4 million in Q1 2026, up 85.15% quarter-over-quarter from $36.9 million in Q4 2025, and up 267.89% on a YoY basis from $18.6 million in Q1 2025.
Upwork (UPWK) Retained Earnings (2017 - 2026) Analysis & Trends
Upwork's Retained Earnings history runs 10 years deep, the most recent figure standing at $68.4 million for Q1 2026.
- In Q1 2026, Retained Earnings rose 267.89% year-over-year to $68.4 million; the TTM figure through Mar 2026 stood at $68.4 million (up 267.89% YoY), while the FY2025 annual figure was $36.9 million, up 13895.83% from the prior year.
- Retained Earnings was $68.4 million for Q1 2026 at Upwork, up from $36.9 million in the prior quarter.
- In the past five years, Retained Earnings ranged from a high of $68.4 million in Q1 2026 to a low of -$340.9 million in Q4 2022.
- Historically, Retained Earnings has averaged -$81.8 million across 5 years, with a median of -$4.6 million in 2022.
- The sharpest annual moves came in 2024 and 2025: Retained Earnings tumbled 29194.8% in 2024, then soared 13895.83% in 2025.
- A 5-year view of Retained Earnings shows it stood at -$340.9 million in 2022, then soared by 100.06% to $205000.0 in 2023, then advanced by 28.78% to $264000.0 in 2024, then jumped by 13895.83% to $36.9 million in 2025, then jumped by 85.15% to $68.4 million in 2026.
- The last three Retained Earnings figures came in at $68.4 million (Q1 2026), $36.9 million (Q4 2025), and $21.3 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 1,913,603.98 Bn | 1,913,603.98 Bn | 295.20 Mn | 3.92 Bn |
| 2 | Alphabet | 4,425.33 Bn | 4,209.71 Bn | 102.29 Bn | 384.02 Bn |
| 3 | Meta Platforms | 1,502.66 Bn | 1,421.48 Bn | 46.09 Bn | -303.00 Mn |
| 4 | Spotify Technology | 119.69 Bn | 109.44 Bn | 1.75 Bn | 3.02 Bn |
| 5 | 33.22 Bn | 30.45 Bn | 511.94 Mn | -467.14 Mn | |
| 6 | 13.64 Bn | 12.34 Bn | 768.96 Mn | 55.11 Mn | |
| 7 | Kanzhun | 13.02 Bn | 10.92 Bn | 255.62 Bn | - |
| 8 | Snap | 9.72 Bn | 6.90 Bn | 1.29 Bn | -14.39 Bn |
| 9 | Zillow | 8.26 Bn | 7.48 Bn | 519.00 Mn | -1.81 Bn |
| 10 | Upwork | 1.12 Bn | 542.56 Mn | 150.84 Mn | 68.41 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 68.41 Mn |
| Dec 31, 2025 | 36.95 Mn |
| Sep 30, 2025 | 21.32 Mn |
| Jun 30, 2025 | -8.02 Mn |
| Mar 31, 2025 | -40.75 Mn |
| Dec 31, 2024 | 264,000.00 |
| Sep 30, 2024 | -225.64 Mn |
| Jun 30, 2024 | -253.40 Mn |
| Mar 31, 2024 | -386,000.00 |
| Dec 31, 2023 | 205,000.00 |
| Sep 30, 2023 | -311.44 Mn |
| Jun 30, 2023 | -865,000.00 |
| Mar 31, 2023 | -323.78 Mn |
| Dec 31, 2022 | -340.95 Mn |
| Sep 30, 2022 | -4.62 Mn |
| Jun 30, 2022 | -4.78 Mn |
| Mar 31, 2022 | -3.38 Mn |
| Dec 31, 2021 | -251.06 Mn |
| Sep 30, 2021 | -228.51 Mn |
| Jun 30, 2021 | -219.20 Mn |