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Upwork

Nasdaq:UPWK
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
UPWK
Nasdaq
$2B
Market Cap
  1. Home
  2. US
  3. Commercial Services
Company description

Upwork Inc. operates an online marketplace that enables businesses (clients) to find and work with various independent professionals and agencies (freelancers). The last earnings update was 48 days ago. More info.


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UPWK Share Price and Events
7 Day Returns
4.5%
NasdaqGS:UPWK
-0%
US Professional Services
-0.1%
US Market
1 Year Returns
-
NasdaqGS:UPWK
10.4%
US Professional Services
7.6%
US Market
UPWK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Upwork (UPWK) 4.5% -3% 1.9% - - -
US Professional Services -0% 5.8% 16% 10.4% 7.5% 16.8%
US Market -0.1% 3.7% 10.2% 7.6% 38.1% 46.4%
1 Year Return vs Industry and Market
  • No trading data on UPWK.
  • No trading data on UPWK.
Price Volatility
Industry
5yr Volatility vs Market

UPWK Value

 Is Upwork undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Upwork to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Upwork.

NasdaqGS:UPWK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:UPWK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.954 (1 + (1- 21%) (1.16%))
0.975
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.975 * 5.96%)
8.54%

Discounted Cash Flow Calculation for NasdaqGS:UPWK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Upwork is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:UPWK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.54%)
2019 -22.64 Analyst x2 -20.86
2020 6.34 Analyst x2 5.38
2021 30.63 Analyst x1 23.95
2022 48.91 Analyst x2 35.24
2023 43.86 Analyst x2 29.11
2024 40.87 Est @ -6.81% 24.99
2025 39.25 Est @ -3.95% 22.11
2026 38.49 Est @ -1.95% 19.98
2027 38.28 Est @ -0.54% 18.30
2028 38.45 Est @ 0.44% 16.94
Present value of next 10 years cash flows $175.14
NasdaqGS:UPWK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $38.45 × (1 + 2.73%) ÷ (8.54% – 2.73%)
$679.47
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $679.47 ÷ (1 + 8.54%)10
$299.33
NasdaqGS:UPWK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $175.14 + $299.33
$474.48
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $474.48 / 106.69
$4.45
NasdaqGS:UPWK Discount to Share Price
Calculation Result
Value per share (USD) From above. $4.45
Current discount Discount to share price of $19.26
= -1 x ($19.26 - $4.45) / $4.45
-333.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Upwork is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Upwork's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Upwork's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:UPWK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.38
NasdaqGS:UPWK Share Price ** NasdaqGS (2019-04-23) in USD $19.26
United States of America Professional Services Industry PE Ratio Median Figure of 37 Publicly-Listed Professional Services Companies 22.8x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 18.03x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Upwork.

NasdaqGS:UPWK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:UPWK Share Price ÷ EPS (both in USD)

= 19.26 ÷ -0.38

-50.63x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Upwork is loss making, we can't compare its value to the US Professional Services industry average.
  • Upwork is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Upwork's expected growth come at a high price?
Raw Data
NasdaqGS:UPWK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -50.63x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
50%per year
United States of America Professional Services Industry PEG Ratio Median Figure of 33 Publicly-Listed Professional Services Companies 1.68x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.55x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Upwork, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Upwork's assets?
Raw Data
NasdaqGS:UPWK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $2.29
NasdaqGS:UPWK Share Price * NasdaqGS (2019-04-23) in USD $19.26
United States of America Professional Services Industry PB Ratio Median Figure of 55 Publicly-Listed Professional Services Companies 2.28x
United States of America Market PB Ratio Median Figure of 5,185 Publicly-Listed Companies 1.92x
NasdaqGS:UPWK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:UPWK Share Price ÷ Book Value per Share (both in USD)

= 19.26 ÷ 2.29

8.41x

* Primary Listing of Upwork.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Upwork is overvalued based on assets compared to the US Professional Services industry average.
X
Value checks
We assess Upwork's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check)
  5. Upwork has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

UPWK Future Performance

 How is Upwork expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
50%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Upwork expected to grow at an attractive rate?
  • Upwork's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Upwork's earnings growth is expected to exceed the United States of America market average.
  • Upwork's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:UPWK Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:UPWK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 50%
NasdaqGS:UPWK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 16%
United States of America Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 22.6%
United States of America Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 5.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.5%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:UPWK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:UPWK Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 601 1
2022-12-31 509 1
2021-12-31 435 10 3
2020-12-31 361 16 -14 6
2019-12-31 302 -3 -19 6
NasdaqGS:UPWK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 253 14 -20
2018-09-30 241 -26 -25
2018-06-30 229 -3 -18
2018-03-31 216 -3 -14
2017-12-31 203 -4 -11
2016-12-31 164 3 -16

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Upwork's earnings are expected to grow significantly at over 20% yearly.
  • Upwork's revenue is expected to grow by 16% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:UPWK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Upwork Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:UPWK Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.20 0.20 0.20 1.00
2021-12-31 0.54 0.54 0.54 1.00
2020-12-31 -0.12 -0.07 -0.20 4.00
2019-12-31 -0.19 -0.16 -0.24 4.00
NasdaqGS:UPWK Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.38
2018-09-30 -0.72
2018-06-30 -0.52
2018-03-31 -0.42
2017-12-31 -0.32
2016-12-31 -0.51

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Upwork will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Upwork's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Upwork has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

UPWK Past Performance

  How has Upwork performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Upwork's growth in the last year to its industry (Professional Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Upwork does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Upwork's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Upwork's 1-year growth to the US Professional Services industry average as it is not currently profitable.
Earnings and Revenue History
Upwork's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Upwork Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:UPWK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 253.35 -19.91 122.30 55.49
2018-09-30 240.77 -25.17 116.79 53.77
2018-06-30 228.92 -17.83 108.70 50.90
2018-03-31 215.74 -14.23 99.54 48.25
2017-12-31 202.55 -10.63 90.38 45.60
2016-12-31 164.45 -16.23 71.78 37.90

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Upwork has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Upwork has efficiently used its assets last year compared to the US Professional Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Upwork improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Upwork's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Upwork has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

UPWK Health

 How is Upwork's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Upwork's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Upwork is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Upwork's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Upwork's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 10.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Upwork Company Filings, last reported 3 months ago.

NasdaqGS:UPWK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 243.75 23.91 129.13
2018-09-30 133.26 48.90 27.06
2018-06-30 135.88 33.88 31.33
2018-03-31 135.12 33.83 21.60
2017-12-31 135.12 33.83 21.60
2016-12-31 148.65 16.96 27.33
  • Upwork's level of debt (9.8%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Upwork's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Upwork has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Upwork has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 52.4% per year.
X
Financial health checks
We assess Upwork's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Upwork has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

UPWK Dividends

 What is Upwork's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Upwork dividends. Estimated to be 0% next year.
If you bought $2,000 of Upwork shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Upwork's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Upwork's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:UPWK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United States of America Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:UPWK Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Upwork has not reported any payouts.
  • Unable to verify if Upwork's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Upwork's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Upwork has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Upwork's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Upwork's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Upwork afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Upwork has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

UPWK Management

 What is the CEO of Upwork's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Stephane Kasriel
COMPENSATION $645,596
AGE 42
TENURE AS CEO 4 years
CEO Bio

Mr. Stephane Kasriel is President, Chief Executive Officer, and Director of Upwork Inc. since April 2015. Mr. Kasriel has been Chief Executive Officer at Upwork Global Inc. since April 20, 2015. Mr. Kasriel has more than 15 years of high-tech engineering, product and general management experience, including leadership roles at pioneering companies such as Fireclick, Zong, Work4 and PayPal. Mr. Kasriel served the Vice President of Sales and Business Development at Zong, Inc. He served as Senior Vice President of Product and Engineering at Upwork Global Inc. Defining and leading PayPal's consumer strategy, he achieved unprecedented growth for the company. Mr. Kasriel also helped guide Zong in their ascent and eventual acquisition by PayPal and served as the Chief Operating Officer of the social media recruiting platform Work4. He served as Vice President of Product and Engineering at oDesk Corporation. He has over 6 years of strategy, business and new product development experience at PayPal. Mr. Kasriel ran PayPal's Consumer Products division where he launched award-winning products and dramatically accelerated the growth of existing, mature products. Prior to this, he was the Managing Director for PayPal France, where he took the business from its infancy to being a very significant contributor to PayPal's global P&L. Mr. Kasriel founded Fireclick, a leading provider of web analytics which was acquired by Digital River in 2004. He has been a Director at Upwork Global Inc. since April 20, 2015. He serves as a Trustee at Holberton School. Mr. Kasriel holds a MS in computer science from Stanford University and an MBA from INSEAD.

CEO Compensation
  • Insufficient data for Stephane to compare compensation growth.
  • Stephane's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Upwork management team in years:

3.3
Average Tenure
46.5
Average Age
  • The tenure for the Upwork management team is about average.
Management Team

Stephane Kasriel

TITLE
President
COMPENSATION
$646K
AGE
42
TENURE
4 yrs

Brian Kinion

TITLE
Chief Financial Officer
COMPENSATION
$2M
AGE
51
TENURE
1.5 yrs

Hayden Brown

TITLE
Senior Vice President of Product & Design
COMPENSATION
$1M
AGE
36
TENURE
3.3 yrs

Thomas Layton

TITLE
Executive Chairman
AGE
55

Elizabeth Tse

TITLE
Senior Vice President of Operations
AGE
50
TENURE
5.1 yrs

Stratis Karamanlakis

TITLE
Chief Technology Officer

Palmira Gerlach

TITLE
Director of Investor Relations

Rich Pearson

TITLE
Senior Vice President of Marketing
AGE
51
TENURE
3.9 yrs

Eric Gilpin

TITLE
Senior Vice President of Sales
AGE
39
TENURE
3 yrs

Zoë Harte

TITLE
Senior Vice President of Human Resources & Talent Innovation
AGE
43
TENURE
1.6 yrs
Board of Directors Tenure

Average tenure and age of the Upwork board of directors in years:

5.1
Average Tenure
53
Average Age
  • The tenure for the Upwork board of directors is about average.
Board of Directors

Stephane Kasriel

TITLE
President
COMPENSATION
$646K
AGE
42
TENURE
4 yrs

Thomas Layton

TITLE
Executive Chairman
AGE
55
TENURE
5.1 yrs

Greg Gretsch

TITLE
Director
AGE
51
TENURE
5.1 yrs

Betsey Nelson

TITLE
Non-Executive Director
AGE
58
TENURE
4.2 yrs

Gary Steele

TITLE
Non-Executive Director
AGE
56
TENURE
0.7 yrs

Dan Marriott

TITLE
Non-Executive Director
AGE
50
TENURE
5.1 yrs

Kevin Harvey

TITLE
Non-Executive Director
AGE
53
TENURE
5.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
03. Apr 19 Sell Globespan Capital Partners (Cayman) IV, L.P. Company 01. Apr 19 01. Apr 19 -116,624 $18.87 $-2,099,248
03. Apr 19 Sell Globespan Capital Partners IV GmbH & Co. KG Company 01. Apr 19 01. Apr 19 -46,306 $18.87 $-833,514
03. Apr 19 Sell GCP IV Affiliates Fund, L.P. Company 01. Apr 19 01. Apr 19 -32,068 $18.87 $-577,228
03. Apr 19 Sell Globespan Capital Partners Company 01. Apr 19 01. Apr 19 -1,805,002 $18.87 $-32,490,271
06. Oct 18 Sell Hayden Brown Individual 05. Oct 18 05. Oct 18 -54,246 $13.95 $-756,732
X
Management checks
We assess Upwork's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Upwork has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

UPWK News

Simply Wall St News

Upwork Inc.'s (NASDAQ:UPWK) Shift From Loss To Profit

On 31 December 2018, the US$2.3b market-cap posted a loss of -US$19.9m for its most recent financial year? … The most pressing concern for investors is UPWK’s path to profitability – when will it breakeven. … In this article, I will touch on the expectations for UPWK’s growth and when analysts expect the company to become profitable

Simply Wall St -

Is Upwork Inc.'s (NASDAQ:UPWK) Liquidity Good Enough?

Small and large cap stocks are widely popular for a variety of reasons, however, mid-cap companies such as Upwork Inc. … UPWK’s financial liquidity and debt position will be analysed in this article, to get an idea of whether the company can fund opportunities for strategic growth and maintain strength through economic downturns. … Note that this information is centred entirely on financial health and is a top-level understanding, so I encourage you to look further.

Simply Wall St -

Upwork Inc. (NASDAQ:UPWK) Insiders Have Been Selling

We often see insiders buying up shares in companies that perform well over the long term. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … That means that an insider was selling shares at below the current price (US$17.87).

Simply Wall St -

UPWK Company Info

Description

Upwork Inc. operates an online marketplace that enables businesses (clients) to find and work with various independent professionals and agencies (freelancers). The company’s platform provides access to talent with approximately 5,000 skills across approximately 70 categories, including content marketing, customer service, data science and analytics, graphic design, mobile development, sales, and Web development. Its platform also enables clients to streamline workflows, such as talent sourcing, outreach, and contracting. In addition, the company’s platform offers access to various functionalities for remote engagements with freelancers comprising communication and collaboration, time tracking, invoicing, and payment. Further, its marketplace offerings include Upwork Standard, Upwork Enterprise, and Upwork Payroll, as well as managed and Internet escrow agency services. The company has opeations in the United States, India, the Philippines, and internationally. 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 Mountain View, California.

Details
Name: Upwork Inc.
UPWK
Exchange: NasdaqGS
Founded: 2013
$2,054,888,497
106,692,030
Website: http://www.upwork.com
Address: Upwork Inc.
441 Logue Avenue,
Mountain View,
California, 94043,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS UPWK Common Stock Nasdaq Global Select US USD 03. Oct 2018
Number of employees
Current staff
Staff numbers
430
Upwork employees.
Industry
Human Resource and Employment Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 01:05
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/22
Last earnings filing: 2019/03/07
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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 here.