Upwork Management
Management criteria checks 3/4
Upwork's CEO is Hayden Brown, appointed in Jan 2020, has a tenure of 5.08 years. total yearly compensation is $9.51M, comprised of 6% salary and 94% bonuses, including company stock and options. directly owns 0.93% of the company’s shares, worth $19.50M. The average tenure of the management team and the board of directors is 2 years and 8.3 years respectively.
Key information
Hayden Brown
Chief executive officer
US$9.5m
Total compensation
| CEO salary percentage | 6.0% |
| CEO tenure | 5.1yrs |
| CEO ownership | 0.9% |
| Management average tenure | 2yrs |
| Board average tenure | 8.3yrs |
Recent management updates
Recent updates
Upwork: Operational Improvements And Labor Conditions Could Propel This One Higher
Feb 04Upwork (NASDAQ:UPWK) Might Have The Makings Of A Multi-Bagger
Jan 25
Upwork (NASDAQ:UPWK) Seems To Use Debt Rather Sparingly
Jan 11Upwork: Macro Weakness More Important Than AI For Now
Dec 19Is Now The Time To Put Upwork (NASDAQ:UPWK) On Your Watchlist?
Nov 26Upwork: Disciplined Cost Reduction, Platform Improvements - Buy
Nov 22The Strong Earnings Posted By Upwork (NASDAQ:UPWK) Are A Good Indication Of The Strength Of The Business
Nov 13Revenues Not Telling The Story For Upwork Inc. (NASDAQ:UPWK) After Shares Rise 39%
Nov 07Upwork Vs. Fiverr: AI Fears Likely Overblown, Fiverr Looks More Attractive
Oct 25Upwork: A Small Bet Activist Pressure Will Succeed
Oct 17Upwork: Good Value And How We Can Further Add Extra Income
Oct 09Is It Time To Consider Buying Upwork Inc. (NASDAQ:UPWK)?
Oct 07Returns At Upwork (NASDAQ:UPWK) Are On The Way Up
Sep 16Upwork Inc. (NASDAQ:UPWK) Not Lagging Industry On Growth Or Pricing
Sep 01Upwork: The Selloff Is Overdone
Aug 12These 4 Measures Indicate That Upwork (NASDAQ:UPWK) Is Using Debt Safely
Aug 01Upwork: Stock Can Potentially Soar, As AI Fears Dissipate
Jul 22Upwork: Just Like For Fiverr, Study The Nitty-Gritty Financials
Jul 11Should You Investigate Upwork Inc. (NASDAQ:UPWK) At US$10.20?
Jun 20Upwork: Time To Buy This Stock As It Gains Share (Rating Upgrade)
Jun 14Increases to CEO Compensation Might Be Put On Hold For Now at Upwork Inc. (NASDAQ:UPWK)
Jun 01Upwork: Made Significant Progress In Delivering Profitable Growth
May 05Upwork (NASDAQ:UPWK) Is Experiencing Growth In Returns On Capital
May 03Upwork Inc.'s (NASDAQ:UPWK) Share Price Matching Investor Opinion
Apr 16Should You Investigate Upwork Inc. (NASDAQ:UPWK) At US$12.25?
Mar 15Upwork: Green Shoots Are Emerging
Mar 12Upwork: Why I Will Remain On The Fence For Now
Mar 03Shareholders Shouldn’t Be Too Comfortable With Upwork's (NASDAQ:UPWK) Strong Earnings
Feb 22Upwork Is An Interesting Reasonable Growth Candidate
Feb 07Is Upwork (NASDAQ:UPWK) A Risky Investment?
Jan 31Upwork: A Long-Term Investment In The Freelancing Industry
Jan 22Upwork Inc.'s (NASDAQ:UPWK) P/S Still Appears To Be Reasonable
Dec 25At US$13.86, Is It Time To Put Upwork Inc. (NASDAQ:UPWK) On Your Watch List?
Dec 06Is Upwork Inc. (NASDAQ:UPWK) Worth US$13.8 Based On Its Intrinsic Value?
Nov 13Health Check: How Prudently Does Upwork (NASDAQ:UPWK) Use Debt?
Oct 26Is Upwork (NASDAQ:UPWK) A Risky Investment?
Jul 17CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$86m |
| Jun 30 2024 | n/a | n/a | US$74m |
| Mar 31 2024 | n/a | n/a | US$48m |
| Dec 31 2023 | US$10m | US$570k | US$47m |
| Sep 30 2023 | n/a | n/a | US$13m |
| Jun 30 2023 | n/a | n/a | -US$28m |
| Mar 31 2023 | n/a | n/a | -US$48m |
| Dec 31 2022 | US$8m | US$550k | -US$90m |
| Sep 30 2022 | n/a | n/a | -US$96m |
| Jun 30 2022 | n/a | n/a | -US$80m |
| Mar 31 2022 | n/a | n/a | -US$73m |
| Dec 31 2021 | US$35m | US$500k | -US$56m |
| Sep 30 2021 | n/a | n/a | -US$33m |
| Jun 30 2021 | n/a | n/a | -US$26m |
| Mar 31 2021 | n/a | n/a | -US$21m |
| Dec 31 2020 | US$848k | US$480k | -US$23m |
| Sep 30 2020 | n/a | n/a | -US$29m |
| Jun 30 2020 | n/a | n/a | -US$30m |
| Mar 31 2020 | n/a | n/a | -US$22m |
| Dec 31 2019 | US$12m | US$437k | -US$17m |
| Sep 30 2019 | n/a | n/a | -US$17m |
| Jun 30 2019 | n/a | n/a | -US$20m |
| Mar 31 2019 | n/a | n/a | -US$18m |
| Dec 31 2018 | US$478k | US$365k | -US$20m |
Compensation vs Market: Hayden's total compensation ($USD9.51M) is above average for companies of similar size in the US market ($USD5.35M).
Compensation vs Earnings: Hayden's compensation has been consistent with company performance over the past year.
CEO
Hayden Brown (42 yo)
5.1yrs
Tenure
US$9,508,141
Compensation
Ms. Hayden Brown has been President and Chief Executive Officer of Upwork Inc. since January 1, 2020. Ms. Brown has been Director of Upwork Inc. since December 6, 2019. Ms. Brown was the Chief Marketing an...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.1yrs | US$9.51m | 0.93% $ 19.5m | |
| Chief Financial Officer | 1.8yrs | US$5.69m | 0.10% $ 2.1m | |
| Chief Accounting Officer | 4.1yrs | no data | 0.0012% $ 25.7k | |
| Vice President of Investor Relations | no data | no data | no data | |
| Chief Business Affairs & Legal Officer and Corporate Secretary | 10.9yrs | no data | no data | |
| Vice President of Strategy | 1.1yrs | no data | no data | |
| Chief People Officer | 1.8yrs | no data | no data | |
| VP, Head of AI & Machine Learning | 1yr | no data | no data | |
| VP of Engineering & Chief Information Security Officer | no data | no data | no data | |
| General Manager of Marketplace | 2.2yrs | no data | 0% $ 0 | |
| VP II and Legal & Deputy General Counsel | no data | no data | no data |
2.0yrs
Average Tenure
51yo
Average Age
Experienced Management: UPWK's management team is considered experienced (2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.2yrs | US$9.51m | 0.93% $ 19.5m | |
| Independent Director | 10.9yrs | US$251.57k | 1.98% $ 41.6m | |
| Independent Director | 6.5yrs | US$254.77k | 0.040% $ 850.7k | |
| Independent Chairman of the Board | 10.9yrs | US$317.58k | 1.57% $ 33.0m | |
| Independent Director | 10yrs | US$284.90k | 0.31% $ 6.6m | |
| Independent Director | 10.9yrs | US$279.77k | 2.14% $ 45.0m | |
| Independent Director | 4.3yrs | US$253.10k | 0.042% $ 886.7k | |
| Independent Director | 5.6yrs | US$263.10k | 0.046% $ 970.7k |
8.3yrs
Average Tenure
58yo
Average Age
Experienced Board: UPWK's board of directors are considered experienced (8.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/06 05:15 |
| End of Day Share Price | 2025/02/06 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Upwork Inc. is covered by 17 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nathaniel Schindler | BofA Global Research |
| Marvin Fong | BTIG |
| Maria Ripps | Canaccord Genuity |