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 Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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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.

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

Fiverr

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.

Upwork expects to spend less than $160 million to buy back nearly $200 million principal amount of convertible debt

Upwork is the leading freelancer marketplace by revenue, according to my calculations. The company reported strong financial results for Q4,22 as it beat both revenue and earnings growth estimates.

Upwork: Undervalued With A Billion Dollar Gig Economy Opportunity

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While governments typically aim for a robust jobs market, too hot of a labor force could yield significant risks, thus forcing changes for stocks to buy. Indeed, American investors may want to consider adjusting their strategies to accommodate future changes in the economy.

7 Stocks to Buy on the Latest Jobs Report

DoorDash

ShiftPixy

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Although gainful employment may seemingly represent a source of gratitude during a season of layoffs, that might not be the case right now, thus cynically bolstering the narrative for specific stocks to buy. According to a late-Jan. 2023 report by Chicago-based staffing firm LaSalle Network, its survey found that 85% of U.S. workers may consider leaving their jobs in the next six months.

7 Stocks to Buy as Employees Prepare to Quit En Masse

Upwork, Inc. (NASDAQ:UPWK ) Q4 2022 Earnings Conference Call February 15, 2023 5:00 PM ET Company Participants Evan Barbosa - VP, IR Hayden Brown - President, CEO & Director Conference Call Participants Matthew Farrell - Piper Sandler & Co. Andrew Boone - JMP Securities Ronald Josey - Citigroup Eric Sheridan - Goldman Sachs Group John Byun - Jefferies Maria Ripps - Canaccord Genuity Rohit Kulkarni - ROTH MKM Partners Bernard McTernan - Needham & Company Marvin Fong - BTIG Logan Reich - RBC Capital Markets Operator Thank you for standing by, and welcome to Upwork's Fourth Quarter 2022 Earnings Call. [Operator Instructions].

Upwork, Inc. (UPWK) Q4 2022 Earnings Call Transcript

Upwork (UPWK) delivered earnings and revenue surprises of 233.33% and 1.34%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Upwork (UPWK) Tops Q4 Earnings and Revenue Estimates

SAN FRANCISCO, Feb. 15, 2023 (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 fourth quarter and full year of 2022. Please visit the Upwork Investor Relations website at investors.upwork.com/financial-information/quarterly-results to view Upwork's fourth quarter and full year 2022 Shareholder Letter.

Upwork Reports Fourth Quarter and Full Year 2022 Financial Results

New end-to-end hiring solution enables businesses to find, vet, hire and pay global talent for full-time work, with tools to address complexity and risk New end-to-end hiring solution enables businesses to find, vet, hire and pay global talent for full-time work, with tools to address complexity and risk

Upwork Expands to Support Full-Time Hiring, Further Unlocking the World's Work Marketplace for All

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The tide could be turning for the beaten-down technology sector, which makes these top tech stocks worth a closer look.

The 9 Best Tech Stocks to Buy Now

I pit the two gig economy stocks against each other to see which one comes out on top.

Best Growth Stock to Buy: Fiverr Stock vs. Upwork Stock

New report lists the top skills businesses seek from skilled freelancers in Technology, Marketing, Customer Service, Accounting & Consulting, and Design & Creative categories New report lists the top skills businesses seek from skilled freelancers in Technology, Marketing, Customer Service, Accounting & Consulting, and Design & Creative categories

Upwork Unveils Most In-Demand Skills for Independent Professionals in 2023

SAN FRANCISCO, Jan. 17, 2023 (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 fourth quarter and full year of 2022 on Wednesday, February 15, 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 Fourth Quarter and Full Year 2022 Financial Results on February 15, 2023

Global-e Online Ltd

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Under-the-radar stocks to buy are an exciting and daring way to invest. Smart investors understand that under-the-radar stocks have greater potential for significant returns since their undervaluation makes them underpriced compared to their actual promise.

3 Under-The-Radar Stocks to Buy with over 50% Upside Potential

Cinemark Holdings

Intel

Lam Research

Uber

Although 2022 undeniably imposed a rough outing for most investors, the optimistic types can use the red ink to their advantage with growth stocks to buy for the new year. True, global recession fears dominate headlines (among other wild developments).

7 Must-Buy Growth Stocks for Your January Buy List

SAN FRANCISCO, Jan. 03, 2023 (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 VP of Investor Relations Evan Barbosa will participate in investor meetings at the 25th Annual Needham Growth Conference at the Lotte New York Palace Hotel on Wednesday, January 11, 2023.

Upwork to Participate in 25th Annual Needham Growth Conference

SAN FRANCISCO--( BUSINESS WIRE )--Upwork (Nasdaq: UPWK), the world's work marketplace that connects businesses with independent talent, today released the results of “Freelance Forward: 2022,” the most comprehensive study of the U.S. independent workforce, which found that 60 million Americans performed freelance work in the past 12 months, representing 39% of the entire U.S. workforce.

Upwork Study Finds 60 Million Americans Freelancing in 2022

The mean of analysts' price targets for Upwork (UPWK) points to a 145.7% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Think Upwork (UPWK) Could Surge 146%: Read This Before Placing a Bet

Upwork, Inc. remains robust with its impressive 3Q performance although growth appears to be cooling down. Despite some setbacks, it has lots of opportunities to stimulate growth while reducing costs.

News for Upwork Inc Stock (UPWK)