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.

Upwork (NASDAQ: UPWK) stock price surged in the extended hours after the company published encouraging financial results. The shares, which ended the week at $12.03 on Tuesday, surged by 20% after its earnings release.

Upwork stock price inverted H&S pattern points to more upside

Upwork Inc. (NASDAQ:UPWK ) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Company Participants David Anhalt - Manager of IR Hayden Brown - President & CEO Erica Gessert - CFO Conference Call Participants Matt Farrell - Piper Sandler Jason Park - UBS Logan Reich - RBC Bernard McTernan - Needham and Company John Byun - Jefferies Rohit Kulkarni - ROTH Andrew Boone - JMP Securities Eric Sheridan - Goldman Sachs Maria Ripps - Canaccord Operator Good day, and thank you for standing by. Welcome to the Upwork Q3 2023 Earnings Conference Call.

Upwork Inc. (UPWK) Q3 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Upwork (UPWK) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About Upwork (UPWK) Q3 Earnings

Upwork Inc.'s UPWK, +6.13% stock surged 18% in after-hours trading Tuesday after the company registered quarterly results that topped analyst revenue and earnings estimates. Upwork reported fiscal third-quarter net income of $16.3 million, or 12 cents a share, compared with a net loss of $24.8 million, or 19 cents a share, in the same quarter a year ago.

Upwork's stock is soaring 18% on big earnings beat

SAN FRANCISCO, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, today announced its financial results for the third quarter of 2023. Please visit the Upwork Investor Relations website at investors.upwork.com/financial-information/quarterly-results to view Upwork's third quarter 2023 Shareholder Letter.

Upwork Reports Third Quarter 2023 Financial Results

Partnerships with leading providers ensure talent on Upwork have access to leading generative AI tools and learning resources, boosting productivity, skills and work products Partnerships with leading providers ensure talent on Upwork have access to leading generative AI tools and learning resources, boosting productivity, skills and work products

Upwork Introduces New Suite of Generative AI Apps, Offers and Educational Content for Independent Professionals

SAN FRANCISCO, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest1 work marketplace that connects businesses with independent talent from across the globe, today launched The Upwork Research Institute to further the company's commitment to studying fundamental shifts in workforce dynamics, and provide business leaders with the insights and tools they need to navigate and prepare for the workforce of tomorrow. Under the leadership of Dr. Kelly Monahan , Managing Director of The Upwork Research Institute, the team is dedicated to utilizing research to help guide organizations through workforce transformation with the lens that companies need to radically shift how they think and operate in order to unlock breakthrough possibilities for talent and business.

Upwork Launches Research Institute To Help Guide Organizations Through Workforce Transformation and Redefine Tomorrow's Work, Today

Leidos Hld

Live Nation

Merck

Osisko Gold Royalties

Taiwan Semiconductor Manufacturing

Vulcan Materials

With the high-flying equities sector suddenly going soft in the second half, investors may want to consider safe stocks. These ideas might not be the first choice among market participants.

7 Safe Stocks to Steady Your Portfolio in 2024

Fiverr

The gig economy became mainstream through Uber Technologies Inc. NYSE: UBER and exploded during the COVID-19 pandemic. The lockdowns accelerated the evolution of remote work, the elastic office, and Zoom Video Communications Inc. NASDAQ: ZM calls.

2 Gig Stocks For a Recessionary Economy

SAN FRANCISCO, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest1 work marketplace that connects businesses with independent talent from across the globe, today announced that it will report its financial results for the third quarter of 2023 on Tuesday, November 7, 2023 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 2023 Financial Results on November 7, 2023

Upwork's business model is resilient and sustainable, with potential for strong growth in the future. The company has achieved profitability after six quarters of negative adjusted EBITDA. UPWK's partnership with OpenAI positions it well in the competitive AI talent market.

Upwork: Resilient Performance And Positive Secular Trend

eXp World Holdings Inc

Uber

I recently read an article from ReadWrite, an online publication about emerging technologies. The article discussed independent contractors' past, present and future in the modern workforce.

Cashing In on the Freelancer Wave: 3 Stocks Winning With Independent Contractors

We initiate our Upwork coverage with a buy rating as we think current macro headwinds have been priced into the stock. We are constructive on management's focus on operating expenses reduction and margins expansion. The gig economy is estimated to grow at a 16% CAGR to $873B by 2028, and we think Upwork is uniquely positioned to capture a significant portion of the market.

Upwork: Weakness Priced In, Outperformance Ahead

Adobe

Analog Devices

Advanced Micro Devices

Fortinet

Mastercard

Semrush Holdings

In 2023, tech stocks to buy have boomed led by the ‘Magnificent 7' which have propelled much of the overall market gains. However, they've also proven volatile experiencing hiccups early in August as valuation concerns mounted.

7 Tech Stocks to Buy to Go Beyond the ‘Magnificent 7'

SAN FRANCISCO, Aug. 29, 2023 (GLOBE NEWSWIRE) --   Upwork Inc. (Nasdaq: UPWK), the world's largest1 work marketplace that connects businesses with independent talent from across the globe, today announced that President and CEO Hayden Brown, CFO Erica Gessert, and VP of Investor Relations Evan Barbosa will participate in the following upcoming investor conferences:

Upwork to Participate in Upcoming Investor Conferences

Houston, Texas--(Newsfile Corp. - August 29, 2023) - Jeremy McGilvery, a Harvard graduate and prominent Houston-based web designer has celebrated yet another remarkable achievement in his career as his Upwork account surpassed the astounding $1,000,000 mark in revenue. As a leader in the web design, this monumental accomplishment solidifies McGilvery's position as one of the top freelancers on the Upwork platform, renowned for his expert ability in crafting conversion-focused websites and tightly engineering sales funnels.

Jeremy McGilvery's Upwork Account Surpasses $1,000,000 In Revenue

From a technical perspective, Upwork Inc. (UPWK) is looking like an interesting pick, as it just reached a key level of support. UPWK's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.

Upwork (UPWK) Just Flashed Golden Cross Signal: Do You Buy?

ChatGPT, Natural Language Processing (NLP), TensorFlow, and Image Processing make the list for top generative AI-related hires on the Upwork platform ChatGPT, Natural Language Processing (NLP), TensorFlow, and Image Processing make the list for top generative AI-related hires on the Upwork platform

Upwork Unveils Top 10 Generative AI-Related Searches and Hires in First Half of 2023

Several surveys suggest that working professionals are open to freelance opportunities as well as preferring to work remotely. Upwork saw a big increase in searches on its platform for generative AI skillsets.

Could This Gig Economy Stock Be a Secret AI Company?

Shares of the world's largest business freelance platform Upwork. Inc. NASDAQ: UPWK exploded higher by more than 50% higher on its Q2 2023 earnings report.

AI is Turning Things Up for Upwork

Grab Holdings Ltd

Infosys

Palantir Technologies

Pubmatic

Snap

TTM Technologies

The tech sector has been on a tear in 2023 largely due to the emergence of generative artificial intelligence (AI) and all that it promises. The upswing in valuation has largely benefited a handful of mega-cap stocks including Nvidia (NASDAQ: NVDA ), Microsoft (NASDAQ: MSFT ) and other members of the magnificent seven.

7 Tech Stocks Under $20 to Snap Up Before the Surge

Wix.com

Is AI a threat, or an opportunity to create more wealth?

How to Make Money With AI

Upwork wasn't supposed to earn money in Q2, but it did. The company earned $0.10 per share on an adjusted basis, but lost $0.03 per share on a GAAP basis.

Why Upwork Stock Rocketed 40% Today

Markets moved slightly lower early Thursday as investors stayed nervous about the immediate future of the economy. Upwork shares jumped as the freelance platform provider announced extensive AI-related capabilities.

The Freelance Revolution Is Alive and Well, According to These 2 Stocks

Start Time: 17:00 January 1, 0000 5:40 PM ET Upwork Inc. (NASDAQ:UPWK ) Q2 2023 Earnings Conference Call August 02, 2023, 17:00 PM ET Company Participants Hayden Brown - President and CEO Erica Gessert - CFO Evan Barbosa - VP, IR Conference Call Participants Eric Sheridan - Goldman Sachs Andrew Boone - JMP Securities Matt Farrell - Piper Sandler Rohit Kulkarni - ROTH Ronald Josey - Citi John Byun - Jefferies Stefanos Crist - Needham Operator Good day and thank you for standing by. Welcome to the Upwork's Second Quarter 2023 Earnings Conference Call.

News for Upwork Inc Stock (UPWK)