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    Upwork Inc (UPWK)

    Official site

    COMMUNICATION SERVICES • INTERNET CONTENT & INFORMATION • NASDAQ

    $8.74
    +0.31 (+3.68%)

    Market Cap: $1.05B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    88%(28/32)
    Avg Surprise
    +104.42%

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.32
    Range$0.30 - $0.33
    8 analysts
    EPS RevisionsNo revisions (7d)
    0
    8
    30d
    EPS Estimate DriftChange to current
    90d ago$0.40-21.2%
    60d ago$0.41-22.4%
    30d ago$0.41-22.9%
    7d ago$0.41-22.9%
    Current$0.32
    Revenue Consensus
    $180M
    Range$179M - $182M
    10 analysts
    Period ending Dec 31, 2026
    EPS Consensus$0.46
    Range$0.39 - $0.50
    8 analysts
    Revenue Consensus
    $176M
    Range$174M - $183M
    10 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    -$0.46---
    Sep 26EST
    -$0.32---
    Jun 26
    Reported Aug 10
    $0.20$0.34-41.18%Miss-42.9%
    Mar 26
    Reported May 7
    $0.35$0.27+29.63%Beat+2.9%
    Dec 25
    Reported Feb 9
    $0.36$0.31+16.13%Beat+20.0%
    Sep 25
    Reported Nov 3
    $0.36$0.29+24.14%Beat+24.1%
    Jun 25
    Reported Aug 6
    $0.35$0.28+25.00%Beat+34.6%
    Mar 25
    Reported May 5
    $0.34$0.27+25.93%Beat+54.5%
    Dec 24
    Reported Feb 12
    $0.30$0.25+20.00%Beat+50.0%
    Sep 24
    Reported Nov 6
    $0.29$0.25+16.00%Beat+38.1%
    Jun 24
    Reported Aug 7
    $0.26$0.23+13.04%Beat+160.0%
    Mar 24
    Reported May 1
    $0.22$0.19+15.79%Beat+2300.0%
    Dec 23
    Reported Feb 14
    $0.20$0.17+17.65%Beat+400.0%
    Sep 23
    Reported Nov 7
    $0.21$0.10+110.00%Beat+800.0%
    Jun 23
    Reported Aug 2
    $0.10$-0.01+814.29%Beat+350.0%
    Mar 23
    Reported May 3
    $-0.01N/A+85.71%Beat+66.7%
    Dec 22
    Reported Feb 15
    $0.04$-0.03+233.33%Beat+180.0%
    Sep 22
    Reported Oct 26
    $-0.03N/A+62.50%Beat-175.0%
    Jun 22
    Reported Jul 27
    $-0.04$-0.08+50.00%Beat-233.3%
    Mar 22
    Reported Apr 27
    $-0.03N/A+78.57%Beat-200.0%
    Dec 21
    Reported Feb 10
    $-0.05$-0.05+0.00%Beat-600.0%
    Sep 21
    Reported Oct 27
    $0.04$0.02+100.00%Beat+0.0%
    Jun 21
    Reported Jul 29
    $0.03N/A+133.33%Beat+200.0%
    Mar 21
    Reported May 4
    $0.03$-0.01+400.00%Beat+133.3%
    Dec 20
    Reported Feb 23
    $0.01N/A+120.00%Beat-66.7%
    Sep 20
    Reported Nov 4
    $0.04$-0.03+233.33%Beat+100.0%
    Jun 20
    Reported Aug 4
    $-0.03$-0.06+50.00%Beat-400.0%
    Mar 20
    Reported May 6
    $-0.09$-0.06-50.00%Miss-125.0%
    Dec 19
    Reported Feb 26
    $0.03$-0.01+400.00%Beat+160.0%
    Sep 19
    Reported Nov 6
    $0.02$-0.04+150.00%Beat+300.0%
    Jun 19
    Reported Aug 7
    $0.01$-0.01+200.00%Beat+110.0%
    Mar 19
    Reported May 8
    $-0.04$-0.03-33.33%Miss-
    Dec 18
    Reported Feb 28
    $-0.05$-0.04-25.00%Miss-
    Sep 18
    Reported Oct 5
    $-0.01N/A+66.67%Beat-
    Jun 18
    Reported Aug 29
    $-0.10$0.00N/AMiss-

    Key Metrics

    Valuation
    P/E Ratio6.88EV/EBITDA5.76x
    Price/FCF6.17xFCF Yield16.21%
    Profitability
    Profit Margin12.90%Operating Margin21.80%
    ROE16.70%ROIC10.48%
    Financial Health
    Debt/Equity0.59xInterest CoverageN/A
    Current Ratio1.42xQuick Ratio1.42x
    Trading Statistics
    Beta1.05Avg Volume2.44M
    52-Week High$22.8452-Week Low$7.44

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$8.48
    SMA 20$8.35
    SMA 50$8.59
    SMA 200$11.23
    EMA 10$8.51
    EMA 20$8.47
    EMA 50$8.60
    EMA 200$10.64

    MACD

    Line: 0.01Signal: -0.05Hist: 0.06

    ADX

    ADX: 15.0+DI: 20.7-DI: 24.3

    Aroon & PSAR

    Aroon Up8.0
    Aroon Down48.0
    PSAR$8.13

    Bollinger Bands

    Upper Band$8.77
    Lower Band$7.92
    %B Position1007%(Upper)
    Band Width0.97

    RSI (14-Day)

    Neutral
    57.2

    Momentum Oscillators

    Stoch %K80.1
    Stoch %D80.7
    Williams %R-6.1
    ROC (10d)4.8%
    Momentum0.40
    CCI (20d)130.3
    MFI (14d)76.5

    Volatility Measures

    ATR (14d)$0.28(3.3%)
    StdDev (20d)0.21
    Hist Vol30.0%(Moderate)

    Volume Flow

    VWAP$8.67
    OBV-50.1M
    AD Line-24.4M
    CMF (20d)-0.041

    Volume Metrics

    Avg Vol (20d)2.5M
    Vol Ratio0.8x
    VWMA (20d)$8.34

    Pivot Points

    R3$8.98
    R2$8.80
    R1$8.62
    Pivot Point$8.44
    S1$8.25
    S2$8.07
    S3$7.89

    Advanced Oscillators

    TSI0.73
    Ultimate Osc55.6
    KST-16.14

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$191.66M$195.48M$198.41M$201.73M$194.94M$192.71M$191.48M$193.78M$193.13M$190.94M$183.93M$175.73M
    Cost of Revenue$45.29M$44.64M$43.67M$45.84M$43.43M$41.81M$42.64M$43.41M$43.85M$44.19M$45.87M$43.27M
    Gross Profit$146.37M$150.84M$154.74M$155.89M$151.51M$150.90M$148.84M$150.37M$149.28M$146.74M$138.07M$132.46M
    Operating Expenses$118.23M$118.12M$126.44M$126.13M$118.94M$112.21M$135.26M$129.57M$131.50M$133.69M$129.64M$120.99M
    R&D$43.89M$43.31M$47.05M$47.49M$44.84M$46.15M$53.49M$50.41M$52.47M$52.92M$46.22M$43.42M
    SG&A$36.88M$35.16M$41.66M$41.26M$35.66M$28.05M$35.60M$31.28M$29.92M$32.00M$32.00M$28.65M
    Operating Income$28.14M$32.72M$28.29M$29.76M$32.56M$38.69M$13.58M$20.79M$17.78M$13.05M$8.43M$11.47M
    Interest Income$0$0$0$0$0$0$0$0$0$0$0$0
    Interest Expense$0$0$0$0$0$0$0$0$0$0$0$0
    Income Before Tax$32.10M$37.71M$34.05M$35.67M$38.44M$45.01M$18.37M$28.88M$23.40M$19.77M$15.82M$17.23M
    Income Tax Expense$6.70M$6.25M$18.42M$6.34M$5.72M$7.28M$-128,795,000$1.13M$1.18M$1.33M$-1,557,000$895,000
    Net Income$25.40M$31.46M$15.63M$29.34M$32.73M$37.73M$147.17M$27.76M$22.22M$18.44M$17.37M$16.34M
    EBITDA$40.85M$45.82M$39.21M$42.06M$43.41M$48.59M$22.13M$31.46M$25.07M$19.35M$16.32M$16.60M
    EBIT$32.10M$37.71M$34.05M$35.67M$38.44M$45.01M$18.37M$28.88M$23.40M$19.77M$15.82M$17.23M
    * Some calculated fields are derived from available data when not provided by source

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    UPWK Valuation and Fair Value

    P/E
    6.9x
    Forward P/E
    5.5x
    EV/EBITDA
    5.8x
    P/FCF
    6.2x
    PEG
    1.0x
    P/B
    1.8x
    See GNG's fair value

    UPWK Profitability: Margins, ROIC and FCF

    Gross margin
    77.2%
    Operating margin
    21.8%
    Net margin
    12.9%
    ROIC
    10.5%
    ROE
    16.7%
    FCF margin
    22.3%
    FCF yield
    16.2%

    UPWK Analyst Ratings

    Consensus
    Hold
    Analysts
    10
    Strong Buy
    1
    Buy
    2
    Hold
    7
    Sell
    0
    Strong Sell
    0

    UPWK Bull Case vs Bear Case

    Bull case

    • UPWK converts 22.3% of revenue into free cash flow.
    • UPWK beat EPS estimates in 87.5% of its last 8 reported quarters.

    Bear case

    • UPWK's quarterly revenue changed -1.7% year over year.

    UPWK Earnings: Beat Rate and Next Report

    Beat rate
    7 of 8 quarters (87.5%)
    Average surprise
    14.5%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.32
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    0 up, 8 down

    Frequently Asked Questions About UPWK

    Does UPWK pay dividends?

    Upwork Inc (UPWK) does not currently pay a regular dividend.

    What is UPWK's P/E ratio?

    Upwork Inc has a price-to-earnings (P/E) ratio of 6.88.

    What is UPWK's market cap?

    Upwork Inc (UPWK) has a market capitalization of $1.05B with a current stock price of $8.74.

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