Last quarter (Q3 2024), Upwork's total revenue was $193.78M, an increase of 10.27% from the same quarter last year. In Q3, Upwork's net income was $27.76M. See Upwork’s key income statements, including revenue, expenses, profit, and income.

Income Statement	TTM	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Total Revenue	$ 761.78M	$ 689.14M	$ 618.32M	$ 502.80M	$ 373.63M	$ 300.56M
Cost of Revenue	$ 177.32M	$ 170.45M	$ 160.40M	$ 135.51M	$ 104.27M	$ 88.14M
Gross Profit	$ 584.46M	$ 518.69M	$ 457.92M	$ 367.29M	$ 269.36M	$ 212.42M
Operating Expense	$ 524.40M	$ 529.95M	$ 550.54M	$ 421.51M	$ 291.77M	$ 231.15M
Operating Income	$ 60.05M	$ -11.26M	$ -92.62M	$ -54.22M	$ -22.41M	$ -18.73M
Net Non Operating Interest Income Expense	$ 49.55M	$ 24.79M	$ 4.48M	$ -2.18M	$ -778.00K	$ -1.31M
Other Income Expense	$ 94.98M	$ 60.14M	$ 3.27M	$ -279.00K	$ -469.00K	$ -3.41M
Pretax Income	$ 87.87M	$ 48.88M	$ -89.35M	$ -56.12M	$ -22.72M	$ -16.63M
Tax Provision	$ 2.08M	$ 1.99M	$ 536.00K	$ 122.00K	$ 150.00K	$ 28.00K
Earnings From Equity Interest Net Of Tax	$ ―	$ ―	$ ―	$ ―	$ ―	$ ―
Net Income Common Stockholders	$ 87.57M	$ 46.89M	$ -89.89M	$ -56.24M	$ -22.87M	$ -8.85M
Basic EPS	$ 0.65	$ 0.35	$ -0.69	$ -0.44	$ -0.19	$ -0.15
Diluted EPS	$ 0.62	$ 0.06	$ -0.69	$ -0.44	$ -0.19	$ -0.15
Basic Average Shares	$ 537.07M	$ 134.77M	$ 130.52M	$ 127.16M	$ 118.70M	$ 109.81M
Diluted Average Shares	$ 562.87M	$ 137.26M	$ 130.52M	$ 127.16M	$ ―	$ 109.81M
Dividend Per Share	$ ―	$ ―	$ ―	$ ―	$ ―	$ ―
Total Operating Income As Reported	$ ―	$ ―	$ ―	$ ―	$ ―	$ ―
Reported Normalized Basic E P S	$ ―	$ ―	$ ―	$ ―	$ ―	$ ―
Reported Normalized Diluted E P S	$ ―	$ ―	$ ―	$ ―	$ ―	$ ―
Rent Expense Supplemental	$ ―	$ ―	$ ―	$ ―	$ ―	$ ―
Total Expenses	$ 701.73M	$ 700.40M	$ 710.94M	$ 557.01M	$ 396.04M	$ 319.29M
Net Income From Continuing And Discontinued Operation	$ 85.79M	$ 46.89M	$ -89.89M	$ -56.24M	$ -22.87M	$ -16.66M
Normalized Income	$ 80.14M	$ 55.43M	$ ―	$ ―	$ ―	$ ―
Interest Expense	$ ―	$ ―	$ ―	$ ―	$ ―	$ ―
EBIT	$ 18.49M	$ -11.26M	$ -92.62M	$ -54.22M	$ -21.94M	$ -15.32M
EBITDA	$ 41.80M	$ 1.46M	$ -81.49M	$ -40.41M	$ -7.91M	$ -5.83M

Currency in USD

Upwork Earnings and Revenue History

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing