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

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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.

This growth stock benefits from the convenience advantage it provides enterprises.

1 Super Growth Stock Down 79% You'll Regret Not Buying on the Dip

Amazon

ANGI Homeservices

Guaranty Bancshares

International Seaways

AMZN, ANGI, INSW, GNTY and UPWK have been added to the Zacks Rank #1 (Strong Buy) List on March 8, 2023.

New Strong Buy Stocks for March 8th

Upwork (UPWK) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Upwork (UPWK) Upgraded to Strong Buy: What Does It Mean for the Stock?

Fiverr

Lakeland Industries

There are some small-cap stocks to buy for this year. I think 2024 will be the time we see a revival of interest in these smaller companies, notably due to the inflated valuations of megacaps and the Magnificent Seven.

3 Stocks to Buy in the Event of a Small-Cap Comeback

Eagle Bancorp Montana

General Motors

Proto Labs

ANGI, EBMT, GM, UPWK and PRLB have been added to the Zacks Rank #1 (Strong Buy) List on March 5, 2023.

New Strong Buy Stocks for March 5th

Apple

Steelcase

Despite experiencing ups and downs in 2023, work-from-home stocks continue to offer significant upside in our changing economy. The pandemic-induced remote work shift saw an average worker spending over 60% of their workdays from home in 2020.

3 Work-From-Home Stocks Still Going Strong

SAN FRANCISCO, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, today announced that President & CEO Hayden Brown and CFO Erica Gessert will participate in a fireside chat at the JMP Technology Conference at The Ritz-Carlton in San Francisco, California on Monday, March 4, 2024 at 10:00 a.m. PT/1:00 p.m. ET.

Upwork to Present at the JMP Technology Conference

Upwork Inc. (UPWK) Q4 2023 Earnings Call Transcript

Fourth-quarter GAAP Net Income of $17.4 million Fourth-quarter GAAP Diluted EPS of $0.13 Fourth-quarter Adjusted EBITDA of $30.5 million Acquired AI company Headroom and welcomed founder Andrew Rabinovich as Upwork's head of AI and machine learning

Upwork Reports Fourth Quarter and Full Year 2023 Financial Results

Arlo Technologies Inc

Array Technologies

Bowlero Corp

Coty

Energy Transfer LP Unit

Pan American Silver

With the U.S. economy and jobs market running on all cylinders, the concept of targeting stocks to buy under $15 specifically to overcome the February blues might appear unnecessary. Again, most of the key fundamental metrics point toward the northward direction.

7 Stocks to Buy to Beat the February Blues

Besides Wall Street's top -and-bottom-line estimates for Upwork (UPWK), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.

Unlocking Q4 Potential of Upwork (UPWK): Exploring Wall Street Estimates for Key Metrics

Upwork's (UPWK) Q4 performance is expected to benefit from increased spending from existing customers and an uptick in new clients' roster.

Factors Setting the Tone for Upwork's (UPWK) Q4 Earnings

Peloton

Zoom Video

The remote work environment is still dynamically changing as 2024 approaches. What was once a requirement during the pandemic is now considered standard practice in the business sector.

3 Stocks to Sell as the Remote Work Trend Reverses

Upwork is a recommended stock for a diversified portfolio, offering exposure to a growing freelancing industry with immense potential. The growth of the online freelance industry is driven by technological advancements and cultural shifts, making it a solid long-term investment. While Upwork and other freelancing platforms have faced challenges post-pandemic, the industry's long-term growth drivers remain compelling.

Upwork: A Long-Term Investment In The Freelancing Industry

Uber

Shopify

Steadying interest rates and a stronger-than-expected economy are contributing to positive sentiments regarding the very broad-based Internet - Services industry. Valuation improvements are creating opportunities.

3 Picks from the Attractive Internet Services Industry

SAN FRANCISCO, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, today announced that it will report its financial results for the fourth quarter and full year of 2023 on Wednesday, February 14, 2024 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 Fourth Quarter and Full Year 2023 Financial Results on February 14, 2024

The traditional economy and workplace continues to evolve. The results of that transition are very evident in the gig economy.

3 Stocks to Profit from the Enormous Gig Economy

This growth stock offers investors an asset-light business model and a relatively cheap valuation.

1 Remarkable Growth Stock Down 77% You'll Regret Not Buying in 2024

Upwork (UPWK) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Upwork Inc. (UPWK) Hit a 52 Week High, Can the Run Continue?

It's been a remarkable couple of weeks for equities, no doubt about it. The broad rally that started at the end of October has already sent many stocks to all-time highs, and as we head into 2024, the benchmark S&P 500 index is on the verge of doing the same.

3 reasons Upwork is about to rally 30%

Though remote work trends got a little slippery in 2023, there's no doubt that remote work stocks retain an advantage in today's economy. In 2020, more than 60% of an average worker's days were at home, and the figure dropped to about 25% in 2023.

3 Stocks Capitalizing on the Continued Popularity of Remote Work

Upwork (UPWK) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Upwork (UPWK) Moves 11.5% Higher: Will This Strength Last?

monday.com

The three top-ranked growth tech stocks we explore today are still trading at least 50% below their all-time highs heading into 2024. Investors might want to consider these three stocks as many big tech stocks sit near fresh records.

3 Top-Ranked Growth Tech Stocks to Buy in 2024

Upwork stock, a Covid-era darling, may be primed for a breakout amid AI tailwinds and optimism the Fed will nail its own soft landing.

Upwork Stock: Covid Highflier Dusts Off Its Wings, Nears Breakout

Airbnb

The gig economy isn't slowing down anytime soon, and exposure to gig economy stocks can help round out a diversified portfolio. End-of-year estimates peg 2023's total gig economy volume around $455 billion, doubling from just five years ago.

News for Upwork Inc Stock (UPWK)