Upwork Inc. operates an online marketplace that enables businesses (clients) to find and work with various independent professionals and agencies (freelancers).
Reasonable growth potential with adequate balance sheet.
Share Price & News
How has Upwork's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: UPWK's share price has been volatile over the past 3 months.
7 Day Return
US Professional Services
1 Year Return
US Professional Services
Return vs Industry: UPWK underperformed the US Professional Services industry which returned 13% over the past year.
Return vs Market: UPWK underperformed the US Market which returned 5.2% over the past year.
Price Volatility Vs. Market
How volatile is Upwork's share price compared to the market and industry in the last 5 years?
Simply Wall St News
10 hours ago | Simply Wall StEarnings Release: Here's Why Analysts Cut Their Upwork Inc. Price Target To US$12.67
1 week ago | Simply Wall StUpwork Inc. (NASDAQ:UPWK): Is Breakeven Near?
1 month ago | Simply Wall StDid You Manage To Avoid Upwork's (NASDAQ:UPWK) Painful 51% Share Price Drop?
Is Upwork undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: UPWK ($8.74) is trading above our estimate of fair value ($7.59)
Significantly Below Fair Value: UPWK is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: UPWK is unprofitable, so we can't compare its PE Ratio to the Professional Services industry average.
PE vs Market: UPWK is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate UPWK's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: UPWK is overvalued based on its PB Ratio (3.8x) compared to the US Professional Services industry average (2.5x).
How is Upwork forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: UPWK is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: UPWK is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: UPWK's is expected to become profitable in the next 3 years.
Revenue vs Market: UPWK's revenue (12.4% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: UPWK's revenue (12.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if UPWK's Return on Equity is forecast to be high in 3 years time
How has Upwork performed over the past 5 years?
Last years earnings growth
Earnings and Revenue History
Quality Earnings: UPWK is currently unprofitable.
Growing Profit Margin: UPWK is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if UPWK's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Unable to compare UPWK's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: UPWK is unprofitable, making it difficult to compare its past year earnings growth to the Professional Services industry (20.1%).
Return on Equity
High ROE: UPWK has a negative Return on Equity (-6.42%), as it is currently unprofitable.
How is Upwork's financial position?
Financial Position Analysis
Short Term Liabilities: UPWK's short term assets ($280.6M) exceed its short term liabilities ($149.1M).
Long Term Liabilities: UPWK's short term assets ($280.6M) exceed its long term liabilities ($37.9M).
Debt to Equity History and Analysis
Debt Level: UPWK's debt to equity ratio (7%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if UPWK's debt to equity ratio has reduced over the past 5 years.
Inventory Level: UPWK has a low level of unsold assets or inventory.
Debt Coverage by Assets: UPWK's debt is covered by short term assets (assets are 15.3x debt).
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.
Stable Cash Runway: UPWK has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if UPWK has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Upwork's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate UPWK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate UPWK's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if UPWK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if UPWK's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of UPWK's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Hayden Brown (37yo)
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 ...
CEO Compensation Analysis
Compensation vs Market: Hayden's total compensation ($USD478.00K) is below average for companies of similar size in the US market ($USD2.59M).
Compensation vs Earnings: Hayden's compensation has been consistent with company performance over the past year.
|Chief Financial Officer||2.3yrs||US$492.14k||no data|
|Senior Vice President of Operations||5.9yrs||no data||no data|
|Chief Technology Officer||0yrs||no data||no data|
|Director of Investor Relations||0yrs||no data||no data|
|Senior Vice President of Sales||3.8yrs||no data||no data|
|Senior Vice President of Corporate Strategy & Development||0.3yrs||no data||no data|
|Senior Vice President of Human Resources & Talent Innovation||2.4yrs||no data||no data|
|Chief Business Affairs & Legal Officer and Secretary||2.3yrs||no data||no data|
|Senior Vice President of Engineering||4.7yrs||no data||0.0030% $29.2k|
Experienced Management: UPWK's management team is considered experienced (2.4 years average tenure).
|Non-Executive Director||5.9yrs||US$139.38k||1.9% $18.6m|
|Non-Executive Director||1.5yrs||US$907.93k||0.0083% $80.9k|
|Non-Executive Director||5yrs||US$127.50k||0.35% $3.4m|
|Independent Director||5.9yrs||US$143.75k||1.13% $11.1m|
|Non-Executive Director||5.9yrs||US$141.88k||0.14% $1.3m|
|Director||0.6yrs||no data||no data|
Experienced Board: UPWK's board of directors are considered experienced (5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 109.9%.
Upwork Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Upwork Inc.
- Ticker: UPWK
- Exchange: NasdaqGS
- Founded: 2013
- Industry: Human Resource and Employment Services
- Sector: Commercial Services
- Market Cap: US$979.062m
- Shares outstanding: 112.02m
- Website: https://www.upwork.com
Number of Employees
- Upwork Inc.
- 441 Logue Avenue
- Mountain View
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|UPWK||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Oct 2018|
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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/28 02:33|
|End of Day Share Price||2020/02/27 00:00|
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.