Name: UPWK Income Statement - Upwork Revenue & EPS | Ledgeburg
Creator: Ledgeburg
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Revenue, Cost of Revenue, Gross Profit, Operating Expenses, Operating Income, Net Income, EPS Basic, EPS Diluted

JavaScript is disabled. Some features may not work properly. For the best experience, please enable JavaScript in your browser.

UPWK - Upwork, Inc.

USD | NASDAQ | Technology

UPWK Income Statement - Upwork Revenue & EPS | Ledgeburg

(in millions of USD, except per-share data)	Q1 FY 26	Q4 FY 25	Q3 FY 25	Q2 FY 25	Q1 FY 25	Q4 FY 24	Q3 FY 24	Q2 FY 24	Q1 FY 24	Q4 FY 23	Q3 FY 23	Q2 FY 23	Q1 FY 23	Q4 FY 22	Q3 FY 22	Q2 FY 22	Q1 FY 22	Q4 FY 21	Q3 FY 21	Q2 FY 21	Q1 FY 21	Q4 FY 20	Q3 FY 20	Q2 FY 20	Q1 FY 20	Q4 FY 19	Q3 FY 19	Q2 FY 19	Q1 FY 19	Q4 FY 18	Q3 FY 18	Q2 FY 18	Q1 FY 18	Q3 FY 17
Revenues
Revenues	195.5	198.4	201.7	194.9	192.7	191.5	193.8	193.1	190.9	183.9	175.7	168.6	160.9	161.4	158.6	156.9

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

(in millions of USD, except per-share data)	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Revenues
Revenues	790.6	787.8	769.3	689.1	618.3	502.8	373.6	300.6	253.4	202.6	164.4
Cost of Revenue	177.6	174.8	174.1	170.5	160.4	135.5	2.9	0.9	81.5	65.4	62.6
Gross Profit	613.0	613.0	595.2	518.7	457.9	367.3	370.7	299.7	171.9	137.1	101.9
Operating Expenses
Research & Development	182.7	185.5	209.3	177.4	154.6	119.1	83.5	64.0	55.5	45.6	37.9
Selling General & Administrative	-	-
Operating Income
Operating Income	123.3	129.3	65.2	(11.3)	(92.6)	(54.2)	(22.4)	(18.7)	(11.7)	(3.1)	(14.5)
Non-Operating
Interest Income	26.1	27.4	28.0	24.4	7.9	-	-	-	-	-	-
Interest Expense	-	-	-
Tax & Net
Income Tax Expense	36.7	37.8	(125.2)	2.0	0.5	0.1	0.2	0.0	0.0	(0.0)	(0.0)
Net Income From Continuing Ops	109.2	115.4
Per Share
EPS Basic	0.85	0.87	1.61	0.35	(0.69)	(0.44)	(0.19)	(0.15)	-	-	-
EPS Diluted	0.80	0.84	1.52
Supplementary Data
EBITDA	153.3	155.0	80.0	(1.8)	(84.6)	(50.5)	(18.8)	(15.9)	(9.5)	(1.6)	(12.7)
EBIT	123.3	129.3	65.2

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

Operating Expenses
Research & Development	43.3	47.1	47.5	44.8	46.2	53.5	50.4	52.5	52.9	46.2	43.4	43.2	44.5	41.7	38.9	35.8	38.2	33.5	30.9	28.1	26.6	22.7	20.8	20.5	19.3	16.3	16.2	15.7	15.8	14.8	14.4	12.8	13.5	11.5
Selling General & Administrative	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling & Marketing	37.4	36.0	35.0	36.7	35.8	43.9	46.1	47.3	47.9	49.3	47.3	59.1	65.0	62.8	63.2	63.3	57.6
General & Administrative	35.2	41.7	41.3	35.7	28.0	35.6	31.3	29.9	32.0	32.0	28.7	29.0	29.3	30.1	31.4	33.3	29.1
Depreciation & Amortization	9.1	19.7	0.7	0.4	4.9	10.4	0.7	0.6	3.1	7.1	0.7	0.8	0.8	5.7	0.8	0.8
Amortization of Intangibles	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Expenses	118.1	126.4	126.1	118.9	112.2	135.3	129.6	131.5	133.7	129.6	121.0	133.8	145.5	140.8	143.6	139.1

Operating Income
Operating Income	32.7	28.3	29.8	32.6	38.7	13.6	20.8	17.8	13.0	8.4	11.5	(6.1)	(25.0)	(20.5)	(25.4)	(23.0)	(23.7)	(21.8)	(8.3)	(16.4)	(7.7)	0.7	(3.0)	(11.0)	(9.1)	(6.9)	(3.7)	(2.9)	(5.3)	(2.7)	(3.3)	0.3	(6.0)	0.2

Non-Operating
Interest Income	5.8	6.8	6.8	6.7	7.1	6.4	7.7	6.2	7.7	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	0.7	0.7	1.1	1.1	1.1	1.1	1.1	1.1
Income From Equity Investments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Non-Operating Income	5.0	5.8	5.9	5.9	6.3	4.8	8.1	5.6	6.7	7.4	5.8	4.0	43.0	1.1	1.8	0.4	0.1
Pre-Tax Income	37.7	34.1	35.7	38.4	45.0	18.4	28.9	23.4	19.8	15.8	17.2	(2.1)	18.0	(16.1)	(24.8)	(23.8)

Tax & Net
Income Tax Expense	6.2	18.4	6.3	5.7	7.3	(128.8)	1.1	1.2	1.3	(1.6)	0.9	1.9	0.8	0.4	0.0	0.0	0.0	0.1	0.0	0.0	0.0	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	(0.0)	0.0
Net Income From Continuing Ops	31.5	15.6	29.3	32.7	37.7	147.2	27.8	22.2	18.4	17.4	16.3	(4.0)	17.2	(16.5)	(24.8)	(23.8)	(24.7)
Net Income From Discontinued Ops	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	31.5	15.6	29.3	32.7	37.7	147.2	27.8	22.2	18.4	17.4	16.3	(4.0)	17.2	(16.5)	(24.8)	(23.8)	(24.7)
Net Income Attributable To Parent	31.5	15.6	29.3	32.7	37.7	147.2	27.8	22.2	18.4	17.4	16.3	(4.0)	17.2	(16.5)	(24.8)	(23.8)
Less: Minority Interest	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Preferred Dividends	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income To Common Shareholders	31.5	15.6	29.3	32.7	37.7	147.2	27.8	22.2	18.4	17.4	16.3	(4.0)	17.2	(16.5)	(24.8)

Per Share
EPS Basic	0.25	-	0.22	0.25	0.28	-	0.21	0.17	0.14	-	0.12	(0.03)	0.13	-	(0.19)	(0.18)	(0.19)	-	(0.07)	(0.13)	(0.06)	-	(0.02)	(0.09)	-	-	-	-	-	-	-	-	-	-
EPS Diluted	0.24	-	0.21	0.24	0.27	-	0.20	0.17	0.13	-	0.12	(0.03)	(0.15)	-	(0.19)	(0.18)	(0.19)	-
Shares Basic	128.1	-	132.0	132.2	135.2	-	132.6	131.4	136.4	-	135.4	134.1	132.8	-	130.8	130.1	129.4	-
Shares Diluted	135.7	-	139.7	140.2	142.8	-	139.3	138.3	143.7	-	137.3	134.1	136.0	-	130.8	130.1	129.4	-

Supplementary Data
EBITDA	41.8	48.0	30.5	33.0	43.6	24.0	21.5	18.4	16.2	15.6	12.2	(5.3)	(24.2)	(14.8)	(24.6)	(22.2)	(22.9)	(20.9)	(7.5)	(15.4)	(6.7)	1.8	(2.0)	(10.2)	(8.4)	(6.2)	(3.0)	(2.3)	(4.5)	(2.0)	(2.7)	0.8	(5.6)	0.6
EBIT	32.7	28.3	29.8	32.6	38.7	13.6	20.8	17.8	13.0	8.4	11.5	(6.1)	(25.0)	(20.5)	(25.4)	(23.0)	(23.7)	(21.8)	(8.3)