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 Q1 2022

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Earnings data Q4 2022

Earnings data Q1 2023

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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.

Generative AI-enabled experiences for talent and businesses on Upwork accelerate the movement towards AI-empowered workforces Generative AI-enabled experiences for talent and businesses on Upwork accelerate the movement towards AI-empowered workforces

Upwork Launches New Generative AI Tools and Services Hub, Creating Central Destination for Skilled AI Talent and Work

SAN FRANCISCO, July 05, 2023 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, as measured by gross services volume (“GSV”), today announced that it will report its financial results for the second quarter of 2023 on Wednesday, August 2, 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 Second Quarter 2023 Financial Results on August 2, 2023

Okta

PayPal

Many have touted artificial intelligence (AI) in Wall Street for its stock-picking abilities, and I can confirm that AI is great for that. One AI model that stands out here is Google's Bard AI, and its picks were surprisingly in line with Wall Street estimates too.

3 AI-Recommended Stocks to Buy for Triple-Digit Returns

Upwork Inc.'s share price has fallen by more than 60% in the past year, but the extent of bad news may already be priced into the stock. Upwork's business model, targeting larger enterprises and recurring collaborations, was expected to be more resilient than that of Fiverr International Ltd., but Fiverr's stock has only declined by 16% compared to Upwork's 50%. Upwork's newly updated terms, including a flat 10% take rate, aim to deliver more value to customers and stimulate further client demand.

Upwork: Falling Stock Price And The Power Of Perception

Monahan joins company from Meta to play pivotal role in leading research on business transformation Monahan joins company from Meta to play pivotal role in leading research on business transformation

Upwork Welcomes Kelly Monahan as Managing Director of New Upwork Research Institute

Upwork (UPWK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Can Upwork (UPWK) Run Higher on Rising Earnings Estimates?

The average of price targets set by Wall Street analysts indicates a potential upside of 42% in Upwork (UPWK). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Predict a 41.95% Upside in Upwork (UPWK): Here's What You Should Know

Fortinet

ServiceNow

In the vast and dynamic world of investing, there is a constant search for hidden gem stocks. While the spotlight often shines on well-known companies, under-the-radar stocks can sometimes hold the greatest promise.

3 Hidden Gem Stocks That May Be Sleeping Giants

Tech veteran and former GM of LinkedIn Elevate joins Upwork to lead Enterprise business and delivery of best-in-class Enterprise Suite offering Tech veteran and former GM of LinkedIn Elevate joins Upwork to lead Enterprise business and delivery of best-in-class Enterprise Suite offering

Upwork Announces Zoë Diamadi as General Manager of Enterprise Business

Forrester Research

Paylocity Hlds

Exponent

Fluor

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.

Top 5 Industrials Stocks That May Explode In Q2

The heavy selling pressure might have exhausted for Upwork (UPWK) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

After Plunging -21.96% in 4 Weeks, Here's Why the Trend Might Reverse for Upwork (UPWK)

The freelance work-platform operator published its first-quarter results. It notched beats on both the top and bottom lines, but that wasn't the source of investor displeasure.

Why Upwork Stock Was Being Crushed This Week

Upwork's first quarter results show macro pressures coming to bear on the gig economy, while management laid out plans to reduce costs — and pointed to the long term potential in generative AI.

Macro Pressures Flatten Upwork Volumes as Larger Clients Face Budget Constraints

Upwork, Inc. (UPWK) Q1 2023 Earnings Conference Call May 3, 2023 5:00 PM ET Corporate Participants Evan Barbosa - VP, IR Hayden Brown - President and Chief Executive Officer Erica Gessert - Chief Financial Officer Conference Call Participants Eric Sheridan - Goldman Sachs John Byun - Jefferies Nat Schindler - Bank of America Matt Farrell - Piper Sandler Logan Reich - RBC Capital Bernie McTernan - Needham Marvin Fong - BTIG Andrew Boone - JMP Securities Rohit Kulkarni - ROTH Operator Thank you for standing by, and welcome to Upwork's First Quarter 2023 Earnings Conference Call. [Operator Instructions].

Upwork, Inc. (UPWK) Q1 2023 Earnings Call Transcript

Upwork (UPWK) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to loss of $0.03 per share a year ago.

Upwork (UPWK) Reports Q1 Loss, Tops Revenue Estimates

Fiverr

Wix.com

For the second day in a row, Chegg's warning on ChatGPT ricocheted through one corner of the tech sector. While the disruptive impact from the AI chatbot is still unclear, investors seem surprised that it's already starting.

Why Fiverr, Upwork, and Wix Were All Falling Today

Shares of Upwork Inc. UPWK dropped more than 12% in the extended session Wednesday after the freelancing platform reported a narrower-than-expected first-quarter adjusted loss and revenue came in above Wall Street expectations, but the company lowered its guidance for the year. Upwork earned $17.2 million, or 13 cents a share, in the first quarter, swinging from a loss of $24.7 million, or 19 cents a share, in the first quarter of 2022.

Upwork, the freelancing platform, cuts yearly guidance due to the economy

Report details a year of enabling talent and client success, community action, environmental sustainability and workforce innovation Report details a year of enabling talent and client success, community action, environmental sustainability and workforce innovation

Upwork's 2022 Impact Report Demonstrates Continued Commitment to Creating Economic Opportunity

Upwork: Growth Still Work-In-Progress, Liquidity And Sustainability Are Excellent.

Upwork: Growth Still Work-In-Progress, Liquidity And Sustainability Are Excellent

The U.S. had approximately 57 million people working as freelancers in 2017. This metric is expected to increase to a staggering 86.4 million by 2027, making up the majority (51%) of the U.S. workforce, according to an estimate from the Freelancers Union.

Upwork Vs. Fiverr: Which Gig Stock Is the Better Long-Term Engagement?

Former Convoy, Airbnb, and eBay HR leader to drive talent strategy and workforce innovation at the world's work marketplace Former Convoy, Airbnb, and eBay HR leader to drive talent strategy and workforce innovation at the world's work marketplace

Sunita Solao Joins Upwork as Chief People Officer

SAN FRANCISCO, April 03, 2023 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, as measured by gross services volume (“GSV”), today announced that it will report its financial results for the first quarter of 2023 on Wednesday, May 3, 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 First Quarter 2023 Financial Results on May 3, 2023

Gessert joins company from PayPal; will play pivotal role in next chapter of growth for the world's largest work marketplace Gessert joins company from PayPal; will play pivotal role in next chapter of growth for the world's largest work marketplace

Upwork Appoints Erica Gessert as Chief Financial Officer

Upwork said this week that it will buy back some of its convertible debt.  Despite the company's share price gains, there's still a lot of uncertainty in the market.

Why Upwork Stock Jumped 15% This Week

Shares of Upwork Inc. UPWK, +4.40% rose 1.2% in premarket trading Wednesday, after the company that connects freelancers with clients who need work performed said it would buy back a little more than one-third of its 0.25% convertible debt due 2026 outstanding. The company estimates that it will spend about $157 million in cash to repurchase $196.8 million aggregate principal amount of the debt.

News for Upwork Inc Stock (UPWK)