Upwork Income Statement (2017-2026) | UPWK

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 Dec2025 Mar2026
Revenue & cost
Revenue (Quarter)
124.18M128.14M136.86M141.34M156.90M158.64M161.44M160.86M168.61M175.73M183.93M190.94M193.13M193.78M191.48M192.71M194.94M201.73M198.41M195.48M
Cost of Revenue (Quarter)
45.82M43.19M54.68M37.92M40.86M63.17M127.64M65.00M59.07M43.27M49.30M47.85M43.85M43.41M42.64M35.75M36.67M34.98M12.33M37.44M
Gross Profit (Quarter)
91.10M93.21M99.81M103.42M116.04M118.17M120.28M120.43M127.73M132.46M138.07M146.74M149.28M150.37M148.84M150.90M151.51M155.89M154.74M150.84M
Operating items
Research & Development (Quarter)
28.12M30.87M33.47M38.16M35.83M38.90M41.66M44.48M43.25M43.42M46.22M52.92M52.47M50.41M53.49M46.15M44.84M47.49M47.05M43.31M
Selling, General & Administrative (Quarter)
32.35M26.08M31.11M29.14M33.32M31.41M30.08M29.29M28.98M28.65M32.00M32.00M29.92M31.28M35.60M28.05M35.66M41.26M41.66M35.16M
Other Operating Expenses (Quarter)
47.01M44.57M57.03M59.77M69.94M73.31M69.02M71.70M61.62M48.92M51.42M48.78M49.11M47.89M46.17M38.01M38.44M37.38M37.72M39.66M
Operating Expenses (Quarter)
107.49M101.53M121.61M127.07M139.09M143.61M140.76M145.47M133.84M120.99M129.64M133.69M131.50M129.57M135.26M112.21M118.94M126.13M126.44M118.12M
Operating Income (Quarter)
-16.39M-8.32M-21.81M-23.65M-23.05M-25.44M-20.48M-25.04M-6.12M11.47M8.43M13.05M17.78M20.79M13.58M38.69M32.56M29.76M28.29M32.72M
EBIT (Quarter)
-16.39M-8.32M-21.81M-23.65M-23.05M-25.44M-20.48M-25.04M-6.12M11.47M8.43M13.05M17.78M20.79M13.58M38.69M32.56M29.76M28.29M32.72M
Non-operating items
Other Non Operating Income (Quarter)
-0.02M-0.22M-1.74M0.07M0.38M1.77M1.06M43.00M3.98M5.77M7.39M6.72M5.62M8.09M4.79M6.32M5.88M5.92M5.76M4.99M
Non Operating Income (Quarter)
-0.02M-0.22M-1.74M0.07M0.38M1.77M1.06M43.00M3.98M5.77M7.39M6.72M5.62M8.09M4.79M6.32M5.88M5.92M5.76M4.99M
Net income details
EBT (Quarter)
-16.52M-9.29M-22.49M-24.71M-23.79M-24.79M-16.06M17.96M-2.13M17.23M15.82M19.77M23.40M28.88M18.37M45.01M38.44M35.67M34.05M37.71M
Tax Provisions (Quarter)
0.02M0.03M0.06M0.03M0.03M0.04M0.44M0.80M1.86M0.90M-1.56M1.30M1.20M1.13M-128.76M7.28M5.72M6.30M18.42M6.20M
Profit After Tax (Quarter)
-16.54M-9.31M-22.56M-24.74M-23.82M-24.83M-16.50M17.17M-3.99M16.34M17.37M18.44M22.22M27.76M147.17M37.73M32.73M29.34M15.63M31.46M
Income from Continuing Operations (Quarter)
-16.54M-9.31M-22.56M-24.74M-23.82M-24.83M-16.50M17.17M-3.99M16.34M17.37M18.47M22.20M27.76M147.13M37.73M32.73M29.38M15.63M31.51M
Consolidated Net Income (Quarter)
-16.54M-9.31M-22.56M-24.74M-23.82M-24.83M-16.50M17.17M-3.99M16.34M17.37M18.47M22.20M27.76M147.13M37.73M32.73M29.38M15.63M31.51M
Income towards Parent Company (Quarter)
-16.54M-9.31M-22.56M-24.74M-23.82M-24.83M-16.50M17.17M-3.99M16.34M17.37M18.47M22.20M27.76M147.13M37.73M32.73M29.38M15.63M31.51M
Net Income towards Common Stockholders (Quarter)
-16.54M-9.31M-22.56M-24.74M-23.82M-24.83M-16.50M17.17M-3.99M16.34M17.37M18.47M22.20M27.76M147.13M37.73M32.73M29.38M15.63M31.51M
Additional items
EPS (Basic) (Quarter)
-0.13-0.07-0.17-0.19-0.18-0.19-0.130.13-0.030.120.130.140.170.211.100.280.250.220.120.25
EPS (Weighted Average and Diluted) (Quarter)
-0.13-0.07-0.17-0.19-0.18-0.19-0.13-0.15-0.030.120.120.130.170.201.020.270.240.210.120.24
Shares Outstanding (Weighted Average) (Quarter)
126.74M127.91M127.16M129.36M129.71M130.83M130.52M132.84M133.49M134.15M134.77M136.36M133.81M132.60M133.62M135.21M132.18M133.11M132.49M128.12M
Shares Outstanding (Diluted Average) (Quarter)
126.01M126.65M127.16M129.36M130.06M130.08M130.52M135.97M134.14M137.29M137.26M143.66M140.80M140.55M143.15M142.78M141.87M140.91M140.66M135.66M
EBITDA (Quarter)
-16.54M-9.32M-23.07M-27.59M-25.23M-24.66M-14.97M19.09M-3.69M16.81M17.97M17.85M22.08M29.51M146.21M38.01M32.90M29.48M15.52M30.85M
Interest Expenses (Quarter)
0.11M0.75M1.12M1.12M1.12M1.12M1.12M1.10M0.71M0.71M
Tax Rate (Quarter)
-0.10%-0.28%-0.28%-0.12%-0.11%-0.16%-2.74%4.43%-87.02%5.19%-9.84%6.58%5.13%3.90%-700.89%16.17%14.87%17.66%54.08%16.44%