Upwork Inc. (UPWK)
Full history for every metric is available with a Kvantra account
No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 374 | 503 | 618 | 689 | 769 | 788 | 787 | 742 |
| Operating profit | $m | 129 | 119 | ||||||
| Net profit | $m | -23 | -56 | -90 | 47 | 216 | 115 | 102 | 193 |
| EPS reported | $ | 0.83 | 0.76 | ||||||
| Operating cashflow per share | $ | 1.90 | 1.83 | ||||||
| Capex per share | $ | 0.04 | 0.08 | ||||||
| FCF per share | $ | 1.86 | 1.75 | ||||||
| Free cash flow | $m | 242 | 199 | ||||||
| Net debt | $m | -305 | -254 | ||||||
| Book value equity | $m | 630 | 611 | ||||||
| Book value per share | $ | 4.52 | 4.70 | ||||||
| Number of shares | m | 139.41 | 129.96 | ||||||
| DPS (TTM paid) | $ | 0.00 | 0.00 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 23.88 | 10.19 | ||||||
| P/B LTM | x | 4.11 | 4.24 | ||||||
| P/S LTM | x | 3.29 | 3.29 | ||||||
| P/FCF LTM | x | 10.68 | 12.99 | ||||||
| EV/EBITDA LTM | x | 16.35 | 15.73 | ||||||
| EV/Sales LTM | x | 3.39 | 1.60 | ||||||
| Earnings Yield LTM | % | +4.19% | +9.81% | ||||||
| FCF Yield | % | +9.37% | +7.70% | ||||||
| Quality | |||||||||
| ROE | % | +18.31% | +17.92% | ||||||
| ROIC | % | +9.66% | +9.62% | ||||||
| Operating margin | % | +16.41% | +15.60% | ||||||
| Gross margin | % | +77.82% | +77.54% | ||||||
| FCF/Sales | % | +30.78% | +28.35% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | -45.39% | -50.00% | ||||||
| Sales Growth YoY | % | +2.40% | +2.33% | ||||||
| Net Income Growth YoY | % | -46.46% | -52.76% | ||||||
| FCF Growth | % | +74.29% | +43.21% | ||||||
| Operating Profit Growth | % | +98.31% | +82.36% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 0.00% | 0.00% | ||||||
| Dividend Growth | % | - | - | ||||||
| Payout Ratio | % | 0.00% | 0.00% | ||||||
| FCF/Debt | x | 0.64 | 0.53 | ||||||
| Net Debt/EBITDA | x | 0.51 | 0.29 | ||||||
| EBIT/Net interest | x | 184.72 | 45.68 | ||||||
| Net debt/market cap | % | +14.27% | +30.98% | ||||||
| Net debt/Equity | x | -0.48 | -0.41 | ||||||
| Gross debt/equity | x | 0.60 | 0.61 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
Upwork Inc., operating alongside its subsidiaries, provides a leading online work marketplace that connects businesses globally with independent professionals and agencies, spanning the United States, India, the Philippines, and other international markets. The platform grants clients access to a vast and diverse pool of talent, covering a wide array of specializations. These include key areas like sales and marketing, customer service, data science and analytics, creative design, and various aspects of web, mobile, and software development. Beyond talent acquisition, the marketplace also streamlines key operational workflows for businesses, such as sourcing candidates, managing outreach, and facilitating contract agreements. To support effective remote collaborations, Upwork offers a suite of functionalities, including robust communication and collaboration tools, simplified invoicing directly through the platform, and comprehensive payment protection. Upwork's marketplace offerings encompass various service tiers, such as Upwork Basic, Plus, Enterprise, and Payroll solutions, alongside managed and internet escrow agency services. Originally incorporated in 2013 and initially known as Elance-oDesk, Inc., the company rebranded to Upwork Inc. in May 2015. It maintains its headquarters in San Francisco, California.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
Upwork Inc., operating alongside its subsidiaries, provides a leading online work marketplace that connects businesses globally with independent professionals and agencies, spanning the United States, India, the Philippines, and other international markets. The platform grants clients access to a vast and diverse pool of talent, covering a wide array of specializations. These include key areas like sales and marketing, customer service, data science and analytics, creative design, and various aspects of web, mobile, and software development. Beyond talent acquisition, the marketplace also streamlines key operational workflows for businesses, such as sourcing candidates, managing outreach, and facilitating contract agreements. To support effective remote collaborations, Upwork offers a suite of functionalities, including robust communication and collaboration tools, simplified invoicing directly through the platform, and comprehensive payment protection. Upwork's marketplace offerings encompass various service tiers, such as Upwork Basic, Plus, Enterprise, and Payroll solutions, alongside managed and internet escrow agency services. Originally incorporated in 2013 and initially known as Elance-oDesk, Inc., the company rebranded to Upwork Inc. in May 2015. It maintains its headquarters in San Francisco, California.
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