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Upwork NasdaqGS:UPWK Stock Report

Last Price


Market Cap







20 Mar, 2023


Company Financials +

UPWK Stock Overview

About the company

Upwork Inc., together with its subsidiaries, operates a work marketplace that connects businesses with various independent professionals and agencies in the United States, India, the Philippines, and internationally. The company’s work marketplace provides access to talent with various skills across a range of categories, including sales and marketing, customer service, data science and analytics, design and creative, web, mobile, and software development. Its work marketplace also enables clients to streamline workflows, such as talent sourcing, outreach, and contracting. The company’s work marketplace offers access to various functionalities for remote engagements with talent, including communication and collaboration, ability to receive talent invoices through their work marketplace, and payment protection. Its marketplace offerings include Upwork Basic, Upwork Plus, Upwork Enterprise, and Upwork Payroll, as well as managed and internet escrow agency services. The company was formerly known as Elance-oDesk, Inc. and changed its name to Upwork Inc. in May 2015. Upwork Inc. was incorporated in 2013 and is headquartered in San Francisco, California.

Snowflake Analysis

UPWK fundamental analysis
Snowflake Score
Future Growth2/6
Past Performance0/6
Financial Health4/6

My Notes

Capture your thoughts, links and company narrative

Upwork Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Upwork
Historical stock prices
Current Share PriceUS$10.22
52 Week HighUS$25.12
52 Week LowUS$9.79
1 Month Change-12.80%
3 Month Change-1.45%
1 Year Change-53.61%
3 Year Change59.44%
5 Year Changen/a
Change since IPO-51.75%

Recent News & Updates

Recent updates

Is Upwork (NASDAQ:UPWK) Weighed On By Its Debt Load?

Dec 21
Is Upwork (NASDAQ:UPWK) Weighed On By Its Debt Load?

Upwork: Decent Execution And A Slight Premium In Valuation

Oct 14

Upwork reaffirms Q3 guidance; initiates search for new CFO

Sep 22

Upwork: Wait For Better Buying Opportunities

Sep 13

Health Check: How Prudently Does Upwork (NASDAQ:UPWK) Use Debt?

Aug 15
Health Check: How Prudently Does Upwork (NASDAQ:UPWK) Use Debt?

Upwork Non-GAAP EPS of -$0.04 beats by $0.04, revenue of $156.9M beats by $9.12M

Jul 27

Upwork: Long Growth Runway, But Shares Are Not Cheap

Jul 21

BTIG lowers PT for Upwork to $30

Jul 11

Are Investors Undervaluing Upwork Inc. (NASDAQ:UPWK) By 40%?

Jun 16
Are Investors Undervaluing Upwork Inc. (NASDAQ:UPWK) By 40%?

Upwork: Time For The Relief Rally

Jun 09

How will Upwork (NASDAQ:UPWK) Fare Against a New Major Player in the Work Marketplace

May 27
How will Upwork (NASDAQ:UPWK) Fare Against a New Major Player in the Work Marketplace

UpWork: The #1 Hybrid Work Marketplace And Its Hidden Value

May 12

Upwork: The Gateway To Talent Access

Apr 29

Upwork: As The World Shifts Toward Freelance, This Is The Right Stock To Bank On

Mar 27

Upwork: Building The World's Work Marketplace

Feb 21

Upwork: Compelling After Normalization

Feb 11

Is Upwork (NASDAQ:UPWK) Using Too Much Debt?

Jan 31
Is Upwork (NASDAQ:UPWK) Using Too Much Debt?

Upwork: Consider Buying The Dip

Nov 26

Is Upwork (NASDAQ:UPWK) A Risky Investment?

Oct 28
Is Upwork (NASDAQ:UPWK) A Risky Investment?

Upwork: Promising, But Expensive

Oct 20

Upwork: Fairly Valued Stock

Sep 29

Upwork: Perfectly Priced Reflecting Slowing Revenue Growth

Aug 10

Upwork: Promising Business Still Difficult To Own

Jul 31

Upwork: Good Business But Slightly Pricey Stock

Jul 20

Does Upwork (NASDAQ:UPWK) Have A Healthy Balance Sheet?

Jul 11
Does Upwork (NASDAQ:UPWK) Have A Healthy Balance Sheet?

Upwork: The Future Of Work Seems Brighter Than Ever

May 07

Upwork Q1 Earnings Preview

May 03

Shareholder Returns

UPWKUS Professional ServicesUS Market

Return vs Industry: UPWK underperformed the US Professional Services industry which returned -12.7% over the past year.

Return vs Market: UPWK underperformed the US Market which returned -12.8% over the past year.

Price Volatility

Is UPWK's price volatile compared to industry and market?
UPWK volatility
UPWK Average Weekly Movement8.3%
Professional Services Industry Average Movement5.4%
Market Average Movement6.4%
10% most volatile stocks in US Market16.5%
10% least volatile stocks in US Market2.9%

Stable Share Price: UPWK is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: UPWK's weekly volatility (8%) has been stable over the past year.

Upwork Inc. Fundamentals Summary

How do Upwork's earnings and revenue compare to its market cap?
UPWK fundamental statistics
Market CapUS$1.35b
Earnings (TTM)-US$89.88m
Revenue (TTM)US$618.32m


P/S Ratio


P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
UPWK income statement (TTM)
Cost of RevenueUS$160.40m
Gross ProfitUS$457.92m
Other ExpensesUS$547.80m

Last Reported Earnings

Dec 31, 2022

Next Earnings Date


Earnings per share (EPS)-0.68
Gross Margin74.06%
Net Profit Margin-14.54%
Debt/Equity Ratio226.7%

How did UPWK perform over the long term?

See historical performance and comparison