Revenue segments as reported by the company.

Marketplace

Managed Services

Enterprise

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Provision for transaction losses

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Upwork Inc

Upwork, Inc. operates an online marketplace that enables businesses to find, hire, and pay freelancers for short-term and longer-term projects. Its marketplace offerings include Upwork Basic, Upwork Plus, Upwork Business, Upwork Enterprise, and Upwork Payroll. The company was founded by Odysseas Tsatalos and Efstratios Karamanlakis in December 2013 and is headquartered in San Francisco, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Upwork reports robust Q4 earnings, eyes AI talent market growth

Upwork's Q4 2022 performance showcased revenue growth, strong brand awareness, and expansion in the Enterprise segment. While facing challenges in client acquisition and retention, the company is leveraging opportunities in the AI talent market and organizational restructuring for future success.

Upwork surpasses Q1 revenue expectations, eyes AI for growth

Upwork's Q1 performance exceeded expectations, showcasing growth and profitability initiatives. While facing challenges from macroeconomic uncertainty, the company remains focused on leveraging AI and optimizing Enterprise sales. Opportunities lie in AI-driven efficiency gains and targeting high-value Enterprise segments.

Upwork reports solid Q2 earnings, expands AI services with OpenAI

Upwork's Q2 2023 performance reflects steady revenue growth, operational efficiency, and a strong market presence, underpinned by strategic investments in AI and new client acquisitions.
The company's focus on sustainable profitability, innovative partnerships, and expanding service offerings positions it well for future growth and value creation for shareholders.
While facing challenges in talent scalability and operational balancing, Upwork's proactive approach to addressing these issues and seizing growth opportunities bodes well for its long-term success.

Upwork surpasses Q3 expectations with AI investments driving growth

Upwork's Q3 2023 performance exceeded expectations, driven by AI investments and strong revenue growth. Challenges include macroeconomic uncertainties and balancing margin accretion with growth investments. Opportunities lie in strategic brand investments, sales optimization, and education partnerships to drive growth and strengthen competitiveness.

Upwork reports robust Q4 earnings, eyes AI innovation for growth

Upwork's Q4 2023 performance reflects strong revenue growth, record net income, and successful AI investments and partnerships, positioning the company for future success.
While challenges like revenue moderation and expense optimization exist, opportunities in AI innovation, advertising products, and strategic investments offer avenues for growth.
Overall, Upwork's financial strength, focus on innovation, and confidence in driving profitability and cash flow growth underscore a positive outlook for the company's future.

Upwork reports strong Q1 earnings, eyes AI growth opportunities

Upwork's Q1 2024 showcased robust financial performance, profitability focus, and strategic growth initiatives.
The company's emphasis on AI capabilities, partnerships, and revenue diversification positions it well for sustained growth.
Challenges in AI-related premium wages moderation and client retention strategies require attention for long-term success.

Upwork reports solid Q2 results, focuses on innovation and margin growth

Upwork's Q2 performance showed revenue growth but faced challenges from macroeconomic conditions. The company's strengths lie in its marketplace model, AI-related work success, and high gross margins. Opportunities exist in strategic investments for growth and margin expansion.

Upwork reports robust Q3 earnings, eyes AI growth and efficiency

Upwork's Q3 2024 performance reflects strong revenue growth, operational efficiency, and strategic initiatives to drive client engagement and platform enhancements.
While macroeconomic challenges pose concerns, the company's focus on AI, Business Plus, and cost savings positions it well for sustained growth and innovation.
With increased revenue guidance and a focus on AI capabilities, Upwork is poised to navigate challenges and leverage opportunities for future expansion and success.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Upwork, Inc. is an online marketplace that enables businesses to find, hire, and pay freelancers for short-term and longer-term projects. Its marketplace offerings include Upwork Basic, Upwork Plus, Upwork Business, Upwork Enterprise, and Upwork Payroll. The company was founded by Odysseas Tsatalos and Efstratios Karamanlakis in December 2013 and is headquartered in Palo Alto, CA.

eBay

Fiverr

SoFi Gig Economy ETF

HubSpot

Shopify

Uber

As the Great Resignation grows, businesses have to retain top talent. These seven stocks to buy give access to this labor shift.

7 Stocks to Buy to Combat the Great Resignation

SAN FRANCISCO, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent, as measured by gross services volume (“GSV”), today announced that President and CEO, Hayden Brown, and Chief Financial Officer, Jeff McCombs, will participate in a fireside chat at the 2021 RBC Capital Markets Global Technology, Internet, Media and Telecom Virtual Conference on Wednesday, November 17, 2021, at 11:40 a.m. PT/2:40 p.m. ET.

Upwork to Present at the 2021 RBC Capital Markets Global Technology, Internet, Media and Telecom Virtual Conference

SAN FRANCISCO--(BUSINESS WIRE)--Upwork Inc. (Nasdaq:UPWK), the world's work marketplace that connects businesses with independent talent, today announced the company was recognized in Inc's first annual Best-Led Companies list – a select, data-driven list honoring the strongest public and private companies. Under the leadership of CEO and President Hayden Brown, over the past year Upwork has innovated multiple products that empower customers to foster trusted, long-term relationships and achiev

Upwork Named in Inc.'s First-Annual Best-Led Companies List

Airbnb

Lyft

Rover Group

With the Great Resignation forcing a rethink in the labor market, these gig economy stocks could be one of the biggest beneficiaries. The post 7 Gig Economy Stocks to Buy as Workers Refuse to Return appeared first on InvestorPlace.

7 Gig Economy Stocks to Buy as Workers Refuse to Return

Growth is slowing, and losses are growing at Upwork.

Why Upwork Stock Dropped 12.4% on Thursday

Upwork Inc. (UPWK) CEO Hayden Brown on Q3 2021 Results - Earnings Call Transcript

Upwork (UPWK) delivered earnings and revenue surprises of 100.00% and 1.30%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Upwork (UPWK) Q3 Earnings and Revenues Top Estimates

Upwork (NASDAQ:UPWK) reported its Q3 earnings results on Wednesday, October 27, 2021 at 04:05 PM. Here's what investors need to know about the announcement.

Recap: Upwork Q3 Earnings

SAN FRANCISCO, Oct. 27, 2021 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent, as measured by gross services volume (“GSV”), today announced its financial results for the third quarter of 2021. Please visit the Upwork Investor Relations website at investors.upwork.com/financial-information/quarterly-results to view Upwork's third quarter 2021 Shareholder Letter.

Upwork Reports Third Quarter 2021 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)--Upwork (NASDAQ: UPWK), the world's work marketplace, today announced Virtual Talent Bench, a series of features that makes relationship building central to the customer experience on Upwork by empowering clients to discover, organize, revisit and hire the independent talent they trust, collaborated with to drive successful outcomes or want to work with in the future. Virtual Talent Bench features enable clients to establish a network of top independent profession

Upwork Introduces Virtual Talent Bench™ to Help Businesses Find and Build Teams of Go-To Freelancers

Shares of Upwork have skyrocketed ~70% this year as the company continues to see stellar growth. Remote work and flexible work arrangements continue to power Upwork's rise, especially as it signs on more enterprise clients.

Upwork: Promising, But Expensive

Upwork (UPWK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Upwork (UPWK) Earnings Expected to Grow: Should You Buy?

Upwork Inc (NASDAQ:UPWK) is well-positioned to benefit from the pandemic-driven shift to remote teams with and freelancing becoming “an increasingly larger portion of the overall workforce,” according to BofA Securities. The Upwork Analyst: Nat Schindler initiated coverage of Upwork with a Buy rating and a price target of $65.

BofA Initiates Upwork At Buy On Shift To Remote Workforce

SAN FRANCISCO, Sept. 30, 2021 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent, as measured by gross services volume (“GSV”), today announced that it will report its financial results for the third quarter of 2021 on Wednesday, October 27, 2021 after market close. The company will host a Q&A conference call to discuss these results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.

Upwork to Report Third Quarter 2021 Financial Results on October 27, 2021

SAN FRANCISCO--(BUSINESS WIRE)--Upwork Inc. (Nasdaq: UPWK), the world's work marketplace that connects businesses with independent talent, today released a new research report, the “Future Workforce Pulse Report,” examining how businesses are approaching hiring. Utilizing survey data from over 1,000 U.S. hiring managers, the report finds that the use of remote freelancing has dramatically increased as a result of the pandemic, and will continue to rise in the future. The change to fully remote

Business Use of Freelancers Accelerates Amidst the Pandemic, Finds Upwork Report

Although Upwork Inc (NASDAQ:UPWK) has an industry-leading Gross Services Volume (GSV) of $2.5 billion, it is only “scratching the surface” of a total addressable market that is estimated at a whopping $1.3 trillion, according to Needham. The Upwork Analyst: Bernie McTernan initiated coverage of Upwork with a Buy rating and a price target of $57.

Upwork Has Assets In Place For Huge Market, Needham Says

SAN FRANCISCO--(BUSINESS WIRE)--Upwork Inc. (Nasdaq: UPWK), the world's work marketplace that connects businesses with independent talent, and Budweiser today unveiled the winning Labor Day can packaging designs produced by Deuce Studio as part of the inaugural Upwork CoLab brand-partnership program. Designs of the limited edition packaging can be found here. This partnership marks the culmination of the first Upwork CoLab, a new Upwork brand-partnership program that connects freelancers with e

Upwork and Budweiser Unveil Limited-Edition Labor Day Cans

Upwork is the world's largest work marketplace for freelancing and gigs. The often neglected Upwork has a much more robust competitive advantage over Fiverr with regard to their Enterprise business model.

Upwork Vs. Fiverr: 5 Contrarian Reasons To Pick UPWK Over FVRR

Events to be Webcast on the Upwork Investor Relations Website Events to be Webcast on the Upwork Investor Relations Website

Upwork to Present Upcoming Investor Conferences

Microsoft

Pinterest

It's earnings season and we're catching up on new results from some heavily followed stocks.

What's Going on With Pinterest, Upwork, and Microsoft?

SAN FRANCISCO--(BUSINESS WIRE)--Upwork (NASDAQ: UPWK), the world's work marketplace that connects businesses with independent talent, today announced that Saty Bahadur has joined the company as its new chief technology officer. Bahadur joins Upwork from Amazon, where he spent the last four years as a general manager, most recently leading the team responsible for preventing worldwide fraud and abuse on Amazon.com. Previously, he led the Alexa artificial intelligence group and built the platform

Upwork Appoints Saty Bahadur as Chief Technology Officer

SAN FRANCISCO, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Upwork Inc. (“Upwork”) (Nasdaq: UPWK) today announced that it has priced $500.0 million aggregate principal amount of 0.25% convertible senior notes due 2026 (the “notes”). The notes are to be offered and sold in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Upwork also granted the initial purchasers of the notes an option to purchase, within a 13-day period from, and including the date on which the notes are first issued, up to an additional $75.0 million aggregate principal amount of notes. The sale is expected to close on August 10, 2021, subject to customary closing conditions, and is expected to result in approximately $487.0 million in net proceeds to Upwork after deducting the initial purchasers' discounts and commissions and estimated offering expenses payable by Upwork (assuming no exercise of the initial purchasers' option to purchase additional notes).

Upwork Announces Pricing of Offering of $500.0 Million of 0.25% Convertible Senior Notes Due 2026

Upwork Inc (NASDAQ: UPWK) plans to offer $500 million of convertible senior notes due 2026 in a private placement. Upwork also intends to grant the initial purchasers an option to purchase up to an additional $75.0 million of notes.

Upwork To Raise $500M Via Convertible Senior Notes Private Offering

SAN FRANCISCO, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Upwork Inc. (“Upwork”) (Nasdaq: UPWK) today announced that it proposes to offer $500 million aggregate principal amount of convertible senior notes due 2026 (the “notes”), subject to market conditions and other factors. The notes are to be offered and sold in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Upwork also intends to grant the initial purchasers of the notes an option to purchase, within a 13-day period from, and including the date on which the notes are first issued, up to an additional $75.0 million aggregate principal amount of notes.

Upwork Announces Proposed Private Offering of $500.0 Million of Convertible Senior Notes Due 2026

SAN FRANCISCO,--(BUSINESS WIRE)--Upwork Inc. (Nasdaq: UPWK), the world's work marketplace, today released a new research report, “The Great Resignation: From Full-time to Freelance,” which explores why American professionals are leaving their current full-time roles. Utilizing survey data from 4,000 Americans, the report finds that 20%, or 10 million Americans, are considering freelancing to work remotely and gain more flexibility. As some businesses return to the office, the report finds that

News for Upwork Inc Stock (UPWK)