Upwork Inc UPWK Stock Analysis
- Nasdaq
- Stock
- Market closed · opens Monday 9:30 AM ET
$8.43 down $0.31, 3.55% at close Oct 16
Last close · Previous close $8.74
- Market cap
- At the Oct 16 close
- P/E ratio
- 10.95On last 12 months’ EPS
- Diluted EPS
- $0.77Last 12 months
- Dividend yield
- NoneLast 12 months
Price chart
$8.43down $0.31, 3.55%Fri, Oct 16 session
Use the left and right arrow keys to move along the chart.
Price data
Trading
- Previous close$8.74Oct 15
- Volume1.79MOct 16 session
Shares traded on all US exchanges in the last completed session. Live intraday volume covers IEX only, so it is left out.
- Avg. volume2.43MLast 21 sessions
The average daily shares traded over the last 21 trading sessions, about one calendar month.
- 52-week range: $7.44 to $22.84; now $8.43
The lowest and highest trades over the past 52 weeks, adjusted for splits. The marker shows the latest price.
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
Performance
Past performance, measured to the Oct 16 close. Total return includes reinvested dividends.Price change only, without dividends. Compared with the S&P 500, using SPY.
UPWK trailed the S&P 500 in all 6 periods.
| Period | UPWK and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | UPWK: down 1.4% S&P 500: up 1.5% | UPWK trailed the S&P 500 by 2.9 percentage points Trailed |
| 3M | UPWK: down 12.1% S&P 500: up 1.9% | UPWK trailed the S&P 500 by 14.0 percentage points Trailed |
| YTD | UPWK: down 57.5% S&P 500: up 12.8% | UPWK trailed the S&P 500 by 70.3 percentage points Trailed |
| 1Y | UPWK: down 49.6% S&P 500: up 16.8% | UPWK trailed the S&P 500 by 66.4 percentage points Trailed |
| Long term | ||
| 3Y | UPWK: down 24.8% S&P 500: up 81.5% −9.1% vs +22.0% a year | UPWK trailed the S&P 500 by 106.3 percentage points Trailed |
| 5Y | UPWK: down 85.8% S&P 500: up 83.1% −32.3% vs +12.9% a year | UPWK trailed the S&P 500 by 168.9 percentage points Trailed |
$10,000 invested in UPWK 5 years ago (Oct 15, 2021) would be worth about $1,424 at the close on , with dividends reinvested. The same amount in the S&P 500 would be worth about $18,305.
UPWK trailed the S&P 500 in all 6 periods.
| Period | UPWK and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | UPWK: down 1.4% S&P 500: up 1.2% | UPWK trailed the S&P 500 by 2.6 percentage points Trailed |
| 3M | UPWK: down 12.1% S&P 500: up 1.7% | UPWK trailed the S&P 500 by 13.8 percentage points Trailed |
| YTD | UPWK: down 57.5% S&P 500: up 11.9% | UPWK trailed the S&P 500 by 69.4 percentage points Trailed |
| 1Y | UPWK: down 49.6% S&P 500: up 15.5% | UPWK trailed the S&P 500 by 65.1 percentage points Trailed |
| Long term | ||
| 3Y | UPWK: down 24.8% S&P 500: up 75.0% −9.1% vs +20.5% a year | UPWK trailed the S&P 500 by 99.8 percentage points Trailed |
| 5Y | UPWK: down 85.8% S&P 500: up 71.2% −32.3% vs +11.4% a year | UPWK trailed the S&P 500 by 157.0 percentage points Trailed |
$10,000 invested in UPWK 5 years ago (Oct 15, 2021) would be worth about $1,424 at the close on , not counting dividends. The same amount in the S&P 500 would be worth about $17,118.
All-time high
$60.70
Closing high on . Now 86.1% below that record.
Split-adjusted daily closes since Oct 3, 2018.
Stock splits
UPWK hasn’t split since its price history begins in 2018.
Valuation
Financials
Reported results, not forecasts. From company filings via Tiingo; the latest report is Q2 FY26, the quarter ended Jun 30, 2026. “Last 12 months” means the four quarters from Jul 1, 2025 to Jun 30, 2026, and balance-sheet figures are as of Jun 30, 2026.
Revenue and net income
Last 12 months, with the change from the 12 months before
- Revenue
- $787.28Mup 1.9%
- Net income
- $101.83Mdown 58.5%
- Diluted EPS
- $0.77down 55.5%
Data table
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| Q3 FY24 (Sep 30, 2024) | $193.78M | $27.76M | $0.20 |
| Q4 FY24 (Dec 31, 2024) | $191.48M | $147.17M | $1.02 |
| Q1 FY25 (Mar 31, 2025) | $192.71M | $37.73M | $0.27 |
| Q2 FY25 (Jun 30, 2025) | $194.94M | $32.73M | $0.24 |
| Q3 FY25 (Sep 30, 2025) | $201.73M | $29.34M | $0.21 |
| Q4 FY25 (Dec 31, 2025) | $198.41M | $15.63M | $0.12 |
| Q1 FY26 (Mar 31, 2026) | $195.48M | $31.46M | $0.24 |
| Q2 FY26 (Jun 30, 2026) | $191.66M | $25.40M | $0.20 |
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| FY21 (Dec 31, 2021) | $502.80M | −$56.24M | −$0.44 |
| FY22 (Dec 31, 2022) | $618.32M | −$89.89M | −$0.69 |
| FY23 (Dec 31, 2023) | $689.14M | $46.89M | $0.06 |
| FY24 (Dec 31, 2024) | $769.33M | $215.59M | $1.52 |
| FY25 (Dec 31, 2025) | $787.78M | $115.43M | $0.84 |
Margins
- Gross 77.2%
- Operating 15.1%
- Net 12.9%
The percentages above the chart cover the last 12 months; the lines show each quarter. What margins tell you
Cash flow
- $175.55MLast 12 months
Cash from operations minus capital spending: the cash left after the business maintains and grows its assets.
FCF = Operating cash flow − Capital spendingFree cash flow - Operating cash flow$208.67MLast 12 months
- Capital spending$33.13MLast 12 months
- 22.3%Last 12 months
Free cash flow as a share of revenue, both over the last 12 months.
Shareholder returns
- $170.51MLast 12 months
Cash spent repurchasing shares, net of shares issued. Buybacks shrink the share count, so each remaining share owns more of the company.
- Dividends paid$0.00Last 12 months
- Total returned$170.51MLast 12 months
97% of free cash flow
Balance sheet
- $614.24MAs of Jun 30, 2026
Cash plus short- and long-term marketable securities on the Jun 30, 2026 balance sheet.
- Total debt$375.06MAs of Jun 30, 2026
- Net cash$239.19MAs of Jun 30, 2026
- 1.42As of Jun 30, 2026
Current assets divided by current liabilities on the Jun 30, 2026 balance sheet. Above 1 means short-term assets cover the bills due within a year.
Current ratio = Current assets ÷ Current liabilitiesCurrent ratio - 0.61As of Jun 30, 2026
Total debt divided by shareholders’ equity on the Jun 30, 2026 balance sheet: a measure of financial leverage.
D/E = Total debt ÷ Shareholders’ equityDebt-to-equity ratio
Financial strength
- 5 of 9Last 12 months
vs the 12 beforeA 0–9 checklist from accounting professor Joseph Piotroski. Each test compares the last 12 months with the 12 months before and scores a point if it passes. 8–9 is strong; 0–2 is weak.
- ✓Net income was positive: passed
- ✓Operating cash flow was positive: passed
- ✗Return on assets improved: not passed
- ✓Operating cash flow exceeded net income: passed
- ✓Long-term debt fell relative to assets: passed
- ✗Current ratio improved: not passed
- ✓Share count didn’t rise: passed
- ✗Gross margin improved: not passed
- ✗Asset turnover (revenue ÷ assets) improved: not passed
- 16.7%Last 12 months
Over the last 12 months, Upwork’s net income was 16.7% of its shareholders’ equity (averaged over the last four quarter-ends). It describes the past year, not an expected return.
ROE = Net income (last 12 months) ÷ Average equityReturn on equity - 7.9%Last 12 months
Over the last 12 months, Upwork’s net income was 7.9% of its total assets (averaged over the last four quarter-ends): what the business earned on everything it owns.
ROA = Net income (last 12 months) ÷ Average total assets
About Upwork Inc
Upwork Inc - Ordinary Shares
- Sector
- Industrials
- Industry
- Staffing & Employment Services
- Headquarters
- California, USA
- SEC filings
- EDGAR (opens in a new tab)
- Exchange
- Nasdaq
- Asset type
- Common stock
- Price history since
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UPWK stock FAQ
What is UPWK stock’s price today?
Upwork (UPWK) traded at $8.43 at the close on , down $0.31 (3.55%) from the previous close of $8.74. Over the past 52 weeks it has traded between $7.44 and $22.84.
If you invested $1,000 in UPWK 5 years ago, how much would you have now?
With dividends reinvested, $1,000 invested in UPWK on would be worth about $142 at the close on , a total return of −85.8%. The same $1,000 would be worth $504 if invested one year ago. Past performance doesn’t predict future returns.
What is UPWK’s P/E ratio?
UPWK trades at 10.9 times its diluted earnings over the four quarters to ($0.77 per share), at the close. (How the P/E ratio works.)
How much revenue does Upwork make?
Upwork reported $787.3 million of revenue over the four quarters to , up 1.9% from the twelve months before. In its latest quarter (Q2 FY26, ended ) revenue was $191.7 million, down 1.7% from a year earlier.
Is Upwork profitable?
Yes. Upwork earned $101.8 million of net income over the four quarters to , a net margin of 12.9%, and its operating margin was 15.1% (what margins tell you).
What are UPWK’s earnings per share?
UPWK’s diluted earnings per share were $0.77 over the four quarters to , compared with $1.73 in the twelve months before. The latest quarter (Q2 FY26) brought $0.20 per share, against $0.24 a year earlier (how EPS works).
Does UPWK pay a dividend?
Upwork hasn’t paid a dividend in the last twelve months.
What is UPWK’s 52-week high and low?
Over the past 52 weeks UPWK has traded as low as $7.44 and as high as $22.84. At $8.43 at the close on , it is 63.1% below that high and 13.3% above the low.
What is UPWK’s all-time high?
UPWK’s highest closing price was $60.70 on , adjusted for stock splits. At $8.43 at the close on , it is 86.1% below that record.
Has UPWK stock ever split?
No. UPWK hasn’t split since its price history begins in 2018.
How has UPWK stock performed?
Including dividends and measured to the close on , UPWK has returned −57.5% so far this year and −49.6% over the past year, and −85.8% over five years (−32.3% a year). Over the same periods the S&P 500, measured by SPY, returned +12.8%, +16.8% and +83.1%. Past performance doesn’t predict future returns.
What sector and industry is Upwork in?
Upwork is in the Industrials sector and the Staffing & Employment Services industry, and is headquartered in California, USA.
What exchange does UPWK trade on?
Upwork trades on the Nasdaq under the ticker symbol UPWK. Its price history on this dashboard begins on .
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
About this data. Data sourced by Tiingo (opens in a new tab). The live price is Tiingo’s real-time price, based on IEX trades and quotes; intraday charts show IEX trades, and volume figures are consolidated totals for completed sessions. Prices are split-adjusted, and total returns assume dividends are reinvested. Financials come from company filings and can lag new reports. Times are Eastern.
This page is for education, not investment advice. Past performance doesn't predict future returns. Logos provided by Logo.dev (opens in a new tab).
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