Income Statement

UPWORK, INC

UPWK
Annual
Performance Overview Click any row in the table to add it to this chart
in millions USD
Metric Dec 31, 2025 2025 FY Dec 31, 2024 2024 FY Dec 31, 2023 2023 FY Dec 31, 2022 2022 FY Dec 31, 2021 2021 FY Dec 31, 2020 2020 FY Dec 31, 2019 2019 FY Dec 31, 2018 2018 FY
Revenue
787.78 769.33 689.14 618.32 502.80 373.63 302.65 253.35
Cost of Revenue
174.75 174.09 9.67 160.40 135.51 104.27 88.14 81.46
Gross Profit
613.03 595.23 518.69 457.92 367.29 269.36 212.42 171.90
Operating Expenses
483.73 530.03 529.95 550.54 421.51 291.77 231.15 183.61
Research & Development
185.54 209.28 177.36 154.55 119.08 83.47 64.03 55.49
Selling, General & Administrative
146.63 185.21 220.68 246.88 183.29 133.23 95.89 72.96
Other Operating Expenses
- - - - - - - -
Operating Income
129.31 65.21 -11.26 -92.62 -54.22 -22.41 -18.73 -11.71
Non-Operating Income
-23.87 -25.22 -60.14 -3.28 1.90 0.31 -2.10 8.18
Interest Income
27.44 28.00 - - - - - -
Interest Expense
- - 1.00 4.48 2.18 0.78 1.31 2.04
Other Non-Op Income / Expense
23.87 25.22 60.14 7.76 0.28 0.47 3.41 -6.10
Income Before Tax
153.18 90.43 48.88 -89.35 -56.12 -22.72 -16.63 -19.89
Income Tax Expense
37.75 -125.16 1.99 0.54 0.12 0.15 0.03 0.02
Non-Controlling Interest
- - - - - - - -
Net Income
115.43 215.59 46.89 -89.89 -56.24 -22.87 -16.66 -19.91
Supplemental Per share data, derived & other items — not part of the income statement
in millions USD unless noted
Metric Dec 31, 2025 2025 FY Dec 31, 2024 2024 FY Dec 31, 2023 2023 FY Dec 31, 2022 2022 FY Dec 31, 2021 2021 FY Dec 31, 2020 2020 FY Dec 31, 2019 2019 FY Dec 31, 2018 2018 FY
Depreciation & Amortization
- - - - - - - -
EBITDA
155.02 80.02 -11.26 -92.62 -54.22 -22.41 -18.73 -11.71
Earnings Per Share (Basic)
0.87 1.61 0.35 -0.69 -0.44 - - -
Diluted EPS
0.84 1.52 0.06 -0.69 -0.44 - - -
Weighted Average Shares
132.49 133.62 134.77 130.52 127.16 - - -
Diluted Weighted Avg Shares
140.66 143.15 137.26 130.52 127.16 - - -
Comprehensive Income
115.92 215.65 50.18 -92.44 - - - -