Upwork Income Statement (2017-2025) | UPWK

1Y3Y5Y7Y10YAll
Download Data
Income Statement Sep2017 Dec2017 Mar2018 Jun2018 Sep2018 Dec2018 Mar2019 Jun2019 Sep2019 Dec2019 Mar2020 Jun2020 Sep2020 Dec2020 Mar2021 Jun2021 Sep2021 Dec2021 Mar2022 Jun2022 Sep2022 Dec2022 Mar2023 Jun2023 Sep2023 Dec2023 Mar2024 Jun2024 Sep2024 Dec2024 Mar2025 Jun2025 Sep2025
Revenue & cost
Revenue 52.26M54.76M59.22M62.68M64.11M67.34M68.48M73.78M78.02M80.29M83.20M87.53M96.75M106.15M113.62M124.18M128.14M136.86M141.34M156.90M158.64M161.44M160.86M168.61M175.73M183.93M190.94M193.13M193.78M191.48M192.71M194.94M201.73M
Cost of Revenue 16.89M17.60M19.67M20.46M20.50M20.88M21.12M24.48M25.32M25.57M30.68M34.44M33.58M34.53M39.60M45.82M43.19M54.68M57.64M63.28M63.17M62.79M65.00M59.07M47.31M49.30M47.85M47.33M46.09M43.93M41.81M43.43M45.84M
Gross Profit 35.37M37.16M39.60M42.22M43.61M46.46M47.35M52.20M55.52M57.35M59.71M62.12M70.15M77.38M83.18M91.10M93.21M99.81M103.42M116.04M118.17M120.28M120.43M127.73M132.46M138.07M146.74M149.28M150.37M148.84M150.90M151.51M155.89M
Operating items
Research & Development 11.51M13.09M13.49M12.81M14.38M14.81M15.80M15.70M16.21M16.32M19.35M20.55M20.83M22.74M26.61M28.12M30.87M33.47M38.16M35.83M38.90M41.66M44.48M43.25M43.42M46.22M52.92M52.47M50.41M53.49M46.15M44.84M47.49M
Selling, General & Administrative 8.95M11.92M11.18M11.22M11.71M15.23M15.66M14.06M16.47M21.13M17.82M17.10M18.05M18.55M23.53M32.35M26.08M31.11M29.14M33.32M31.41M30.08M29.29M28.98M28.65M32.00M32.00M29.92M31.28M35.60M28.05M35.66M41.26M
Other Operating Expenses 14.70M17.11M20.94M17.86M20.86M19.12M21.16M25.33M26.54M26.77M31.59M35.46M34.30M35.43M40.73M47.01M44.57M57.03M59.77M69.94M73.31M69.02M71.70M61.62M48.92M51.42M48.78M49.11M47.89M46.17M38.01M38.44M37.38M
Operating Expenses 35.16M42.11M45.61M41.90M46.94M49.16M52.62M55.09M59.21M64.23M68.76M73.11M73.18M76.72M90.88M107.49M101.53M121.61M127.07M139.09M143.61M140.76M145.47M133.84M120.99M129.64M133.69M131.50M129.57M135.26M112.21M118.94M126.13M
Operating Income 0.20M-4.95M-6.01M0.33M-3.33M-2.70M-5.26M-2.90M-3.69M-6.88M-9.05M-10.98M-3.03M0.66M-7.70M-16.39M-8.32M-21.81M-23.65M-23.05M-25.44M-20.48M-25.04M-6.12M11.47M8.43M13.05M17.78M20.79M13.58M38.69M32.56M29.76M
EBIT 0.20M-4.95M-6.01M0.33M-3.33M-2.70M-5.26M-2.90M-3.69M-6.88M-9.05M-10.98M-3.03M0.66M-7.70M-16.39M-8.32M-21.81M-23.65M-23.05M-25.44M-20.48M-25.04M-6.12M11.47M8.43M13.05M17.78M20.79M13.58M38.69M32.56M29.76M
Non-operating items
Other Non Operating Income -0.26M0.01M-0.25M-0.17M-3.42M-2.30M0.48M0.83M0.46M1.63M-0.73M0.25M0.45M0.50M0.08M-0.02M-0.22M-1.74M0.07M0.38M1.77M1.06M43.00M3.98M5.77M7.39M6.72M5.62M8.09M4.79M6.32M5.88M5.92M
Non Operating Income -0.26M0.01M-0.25M-0.17M-3.42M-2.30M0.48M0.83M0.46M1.63M-0.73M0.25M0.45M0.50M0.08M-0.02M-0.22M-1.74M0.07M0.38M1.77M1.06M43.00M3.98M5.77M7.39M6.72M5.62M8.09M4.79M6.32M5.88M5.92M
Net income details
EBT -0.26M-5.27M-6.79M-0.40M-7.35M-5.36M-5.16M-2.42M-3.55M-5.50M-10.01M-10.99M-2.73M1.02M-7.82M-16.52M-9.29M-22.49M-24.71M-23.79M-24.79M-16.06M17.96M-2.13M17.23M15.82M19.77M23.40M28.88M18.37M45.01M38.44M35.67M
Tax Provisions 0.04M-0.08M-0.00M0.01M0.01M0.00M0.03M0.01M0.03M0.02M0.09M0.02M0.02M0.03M0.06M0.03M0.03M0.04M0.44M0.80M1.86M0.90M-1.56M1.33M1.20M1.13M-128.79M7.30M5.72M6.34M
Profit After Tax -0.30M-5.19M-6.78M-0.41M-7.35M-5.37M-5.16M-2.45M-3.55M-5.50M-10.02M-11.02M-2.75M0.93M-7.83M-16.54M-9.31M-22.56M-24.74M-23.82M-24.83M-16.50M17.17M-3.99M16.34M17.37M18.44M22.22M27.76M147.17M37.73M32.73M29.34M
Income from Continuing Operations -0.30M-5.19M-6.78M-0.41M-7.35M-5.37M-5.16M-2.45M-3.55M-5.50M-10.02M-11.02M-2.75M0.93M-7.83M-16.54M-9.31M-22.56M-24.74M-23.82M-24.83M-16.50M17.17M-3.99M16.34M17.37M18.44M22.20M27.76M147.17M37.71M32.73M29.34M
Consolidated Net Income -0.30M-5.19M-6.78M-0.41M-7.35M-5.37M-5.16M-2.45M-3.55M-5.50M-10.02M-11.02M-2.75M0.93M-7.83M-16.54M-9.31M-22.56M-24.74M-23.82M-24.83M-16.50M17.17M-3.99M16.34M17.37M18.44M22.20M27.76M147.17M37.71M32.73M29.34M
Income towards Parent Company -0.30M-5.19M-6.78M-0.41M-7.35M-5.37M-5.16M-2.45M-3.55M-5.50M-10.02M-11.02M-2.75M0.93M-7.83M-16.54M-9.31M-22.56M-24.74M-23.82M-24.83M-16.50M17.17M-3.99M16.34M17.37M18.44M22.20M27.76M147.17M37.71M32.73M29.34M
Net Income towards Common Stockholders -0.30M-5.19M-6.78M-0.41M-7.35M-5.37M-5.16M-2.45M-3.55M-5.50M-10.02M-11.02M-2.75M0.93M-7.83M-16.54M-9.31M-22.56M-24.74M-23.82M-24.83M-16.50M17.17M-3.99M16.34M17.37M18.44M22.20M27.76M147.17M37.71M32.73M29.34M
Additional items
EPS (Basic) -0.01-0.20-0.01-0.200.03-0.05-0.02-0.03-0.05-0.09-0.09-0.020.01-0.06-0.13-0.07-0.17-0.19-0.18-0.19-0.130.13-0.030.120.130.140.170.211.100.280.250.22
EPS (Weighted Average and Diluted) -0.05-0.09-0.020.01-0.06-0.13-0.07-0.17-0.19-0.18-0.19-0.13-0.15-0.030.120.120.130.170.201.020.270.240.21
Shares Outstanding (Weighted Average) 104.08M104.08M106.30M106.69M107.16M110.80M112.02M113.93M115.14M120.28M122.07M124.96M126.14M127.62M128.23M129.22M129.65M130.53M131.34M132.48M133.46M134.88M136.11M137.39M133.12M132.01M133.67M135.46M131.59M132.61M
Shares Outstanding (Diluted Average) 109.81M116.52M120.68M118.70M125.28M126.74M127.92M127.16M129.36M130.06M130.83M130.52M135.97M135.05M137.29M137.26M143.66M140.80M140.55M143.15M142.78M141.87M140.91M
EBITDA 0.20M-4.95M-6.01M0.33M-3.33M-2.70M-5.26M-2.90M-3.69M-6.88M-9.05M-10.98M-3.03M0.66M-7.86M-16.54M-9.32M-23.07M-27.59M-25.23M-24.66M-14.97M19.09M-3.69M16.81M17.97M17.85M22.08M29.51M146.21M38.01M32.90M29.48M
Interest Expenses 0.20M0.33M0.53M0.56M0.59M0.36M0.37M0.36M0.32M0.26M0.23M0.26M0.15M0.14M0.20M0.11M0.75M1.12M1.12M1.12M1.12M1.12M1.10M0.71M0.71M
Tax Rate 1.48%0.04%9.14%4.43%5.19%6.72%5.13%3.90%16.22%14.87%17.77%