Upwork Financial Statements From 2010 to 2025

UPWK Stock  USD 13.21  0.07  0.53%   
Upwork financial statements provide useful quarterly and yearly information to potential Upwork Inc investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Upwork financial statements helps investors assess Upwork's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Upwork's valuation are summarized below:
Gross Profit
595.6 M
Profit Margin
0.2802
Market Capitalization
1.8 B
Enterprise Value Revenue
1.888
Revenue
769.3 M
There are currently one hundred twenty fundamental trend indicators for Upwork Inc that can be evaluated and compared over time across competition. We recommend to double-check Upwork's current fundamental drivers against the all of the trends between 2010 and 2025. Market Cap is expected to rise to about 1.8 B this year. Enterprise Value is expected to rise to about 1.9 B this year

Upwork Total Revenue

473.5 Million

Check Upwork financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Upwork's main balance sheet or income statement drivers, such as Interest Income of 1.4 M, Depreciation And Amortization of 11.5 M or Interest Expense of 1.9 M, as well as many indicators such as Price To Sales Ratio of 2.7, Dividend Yield of 0.0 or PTB Ratio of 3.99. Upwork financial statements analysis is a perfect complement when working with Upwork Valuation or Volatility modules.
  
Check out the analysis of Upwork Correlation against competitors.

Upwork Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets770.3 M1.2 B535.6 M
Slightly volatile
Short and Long Term Debt Total9.1 M9.6 M112.5 M
Slightly volatile
Other Current Liabilities180.3 M242 M134 M
Slightly volatile
Total Current Liabilities210 M268.4 M152.5 M
Slightly volatile
Other Liabilities5.8 M9.5 M4.4 M
Slightly volatile
Property Plant And Equipment Net29 M35.8 M17.6 M
Slightly volatile
Current Deferred Revenue12.7 M7.3 M7.5 M
Slightly volatile
Accounts Payable4.1 M6.1 M2.5 M
Slightly volatile
Cash321 M305.8 M94.2 M
Slightly volatile
Non Current Assets Total182 M300.6 M154.3 M
Slightly volatile
Non Currrent Assets Other1.3 M1.9 MM
Slightly volatile
Other Assets1.1 M1.7 MM
Slightly volatile
Long Term Debt233.3 M357.9 M139.1 M
Slightly volatile
Cash And Short Term Investments369.7 M622.1 M222.4 M
Slightly volatile
Net Receivables56.9 M75.5 M42.2 M
Slightly volatile
Good Will130.4 M121.1 M119.2 M
Slightly volatile
Common Stock Total Equity10.4 K14.9 K7.6 K
Slightly volatile
Common Stock Shares Outstanding123.5 M143.2 M106.9 M
Slightly volatile
Short Term Investments257.2 M316.3 M148.2 M
Slightly volatile
Liabilities And Stockholders Equity770.3 M1.2 B535.6 M
Slightly volatile
Non Current Liabilities Total290.7 M367.8 M239.7 M
Slightly volatile
Other Current Assets161.4 M213.5 M116.6 M
Slightly volatile
Other Stockholder Equity458.1 M653.6 M274.2 M
Slightly volatile
Total Liabilities500.7 M636.2 M392.2 M
Slightly volatile
Property Plant And Equipment Gross84.2 M80.2 M24 M
Slightly volatile
Short and Long Term Debt7.5 M8.7 M5.7 M
Slightly volatile
Preferred Stock Total Equity138.1 M149.8 M169.1 M
Slightly volatile
Total Current Assets588.3 M911.1 M381.3 M
Slightly volatile
Non Current Liabilities Other292.6 K308 K4.4 M
Slightly volatile
Short Term Debt1.5 M1.6 M4.8 M
Pretty Stable
Intangible Assets13.6 M13 M8.4 M
Slightly volatile
Common Stock11.5 K16.1 K7.8 K
Slightly volatile
Property Plant Equipment20.7 M25.4 M13.5 M
Slightly volatile
Deferred Long Term Liabilities80 K90 K98.1 K
Slightly volatile
Net Invested Capital572.3 M933.3 M297 M
Slightly volatile
Net Working Capital421.2 M642.6 M230.7 M
Slightly volatile
Long Term Debt Total681.3 M648.9 M199.9 M
Slightly volatile
Capital Surpluse531.6 M681.8 M457.5 M
Slightly volatile
Capital Stock13.8 K16.1 K12 K
Slightly volatile
Capital Lease Obligations15 M11.2 M21.7 M
Slightly volatile
Inventory195 M185.7 M44 M
Slightly volatile

Upwork Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Interest Income1.4 M1.5 M1.2 M
Slightly volatile
Depreciation And Amortization11.5 M14.6 M10 M
Slightly volatile
Interest Expense1.9 M1.1 M1.4 M
Slightly volatile
Selling General Administrative91.1 M128.8 M65.6 M
Slightly volatile
Selling And Marketing Expenses150.2 M185.2 M100.2 M
Slightly volatile
Total Revenue473.5 M769.3 M333.4 M
Slightly volatile
Gross Profit346.1 M595.2 M236.8 M
Slightly volatile
Other Operating Expenses493.5 M704.1 M350.3 M
Slightly volatile
Research Development115.7 M209.3 M80.6 M
Slightly volatile
Cost Of Revenue127.4 M174.1 M96.6 M
Slightly volatile
Total Operating Expenses366.1 M530 M253.7 M
Slightly volatile
Reconciled Depreciation12.2 M17.6 M8.2 M
Slightly volatile

Upwork Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Stock Based Compensation41.6 M68.4 M26.6 M
Slightly volatile
Begin Period Cash Flow199.7 M296.4 M121.9 M
Slightly volatile
Depreciation11.9 M17.6 M10 M
Slightly volatile
Capital Expenditures3.4 M3.5 M5.3 M
Slightly volatile
End Period Cash Flow530.9 M505.6 M169.6 M
Slightly volatile
Change To Netincome92.1 M87.7 M34.6 M
Slightly volatile
Cash Flows Other Operating21.7 M37.6 M19.4 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.72.83988.401
Slightly volatile
Days Sales Outstanding49.3235.815649.3795
Slightly volatile
Stock Based Compensation To Revenue0.060.08890.0625
Slightly volatile
Capex To Depreciation0.190.19990.5083
Slightly volatile
EV To Sales2.332.45488.413
Slightly volatile
Inventory Turnover0.790.890.9743
Slightly volatile
Days Of Inventory On Hand34733188.2907
Slightly volatile
Payables Turnover26.9928.4096103
Slightly volatile
Sales General And Administrative To Revenue0.220.16740.2055
Slightly volatile
Average Inventory76.3 M72.7 M34.5 M
Slightly volatile
Research And Ddevelopement To Revenue0.190.2720.2313
Pretty Stable
Capex To Revenue0.00440.00460.0142
Slightly volatile
Cash Per Share4.894.65571.9755
Slightly volatile
Days Payables Outstanding8.3212.84787.1821
Slightly volatile
Intangibles To Total Assets0.110.11060.3417
Slightly volatile
Current Ratio2.03.3942.0415
Slightly volatile
Receivables Turnover6.7810.19117.6266
Slightly volatile
Graham Number6.8812.50275.3279
Slightly volatile
Capex Per Share0.02510.02640.0486
Slightly volatile
Revenue Per Share3.035.75752.9643
Slightly volatile
Interest Debt Per Share0.0680.07160.9239
Slightly volatile
Debt To Assets0.00750.00790.141
Slightly volatile
Operating Cycle68.5335.815673.5427
Pretty Stable
Days Of Payables Outstanding8.3212.84787.1821
Slightly volatile
Quick Ratio1.943.3941.997
Slightly volatile
Net Income Per E B T2.52.38411.1784
Slightly volatile
Cash Ratio1.21.1390.5108
Slightly volatile
Cash Conversion Cycle21.8222.967863.9612
Pretty Stable
Days Of Inventory Outstanding34733188.2907
Slightly volatile
Days Of Sales Outstanding49.3235.815649.3795
Slightly volatile
Fixed Asset Turnover29.1921.484740.4257
Slightly volatile
Debt Ratio0.00750.00790.141
Slightly volatile
Price Sales Ratio2.72.83988.401
Slightly volatile
Asset Turnover0.70.6350.6507
Pretty Stable
Gross Profit Margin0.570.77370.6679
Slightly volatile

Upwork Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap1.8 B1.2 BB
Very volatile
Enterprise Value1.9 B1.6 B2.1 B
Pretty Stable

Upwork Fundamental Market Drivers

Forward Price Earnings11.5473
Cash And Short Term Investments622.1 M

Upwork Upcoming Events

14th of February 2024
Upcoming Quarterly Report
View
1st of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
14th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Upwork Financial Statements

Upwork investors utilize fundamental indicators, such as revenue or net income, to predict how Upwork Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue7.3 M12.7 M
Total Revenue769.3 M473.5 M
Cost Of Revenue174.1 M127.4 M
Stock Based Compensation To Revenue 0.09  0.06 
Sales General And Administrative To Revenue 0.17  0.22 
Research And Ddevelopement To Revenue 0.27  0.19 
Revenue Per Share 5.76  3.03 
Ebit Per Revenue 0.08  0.09 

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When determining whether Upwork Inc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Upwork Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Upwork Inc Stock. Highlighted below are key reports to facilitate an investment decision about Upwork Inc Stock:
Check out the analysis of Upwork Correlation against competitors.
You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Is Human Resource & Employment Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Upwork. If investors know Upwork will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Upwork listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
7.529
Earnings Share
1.52
Revenue Per Share
5.758
Quarterly Revenue Growth
0.041
Return On Assets
0.0468
The market value of Upwork Inc is measured differently than its book value, which is the value of Upwork that is recorded on the company's balance sheet. Investors also form their own opinion of Upwork's value that differs from its market value or its book value, called intrinsic value, which is Upwork's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Upwork's market value can be influenced by many factors that don't directly affect Upwork's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Upwork's value and its price as these two are different measures arrived at by different means. Investors typically determine if Upwork is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Upwork's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.