UPWK · XBRL financial data

Upwork financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (UPWK's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Revenue from contracts with customers	184*	191	193	194	191*	193	195	202	198*	195	192	186
Cost of goods and services sold	46*	44	44	43	43*	42	43	46	44*	45	45	44
Gross profit	138*	147	149	150	149*	151	152	156	155*	151	146	141
Research and development	46*	53	52	50	53*	46	45	47	47*	43	44	35
General and administrative	32*	32	30	31	36*	28	36	41	42*	35	37	37
Total operating expenses	130*	134	131	130	135*	112	119	126	126*	118	118	107
Operating income (loss)	8*	13	18	21	14*	39	33	30	28*	33	28	35
Interest income	year only	8	6	8	6*	7	7	7	7*	6	5	5
Other income (expense)	5*	7	6	8	5*	6	6	6	6*	5	4	4
Income tax expense (benefit)	(2)*	1	1	1	(129)*	7	6	6	18*	6	7	7
Net income (loss)	17*	18	22	28	147*	38	33	29	16*	31	25	32
Earnings per share, basic USD per share	0.13*	0.14	0.17	0.21	1.10*	0.28	0.25	0.22	0.12*	0.25	0.21	0.25
Earnings per share, diluted USD per share	0.12*	0.13	0.17	0.20	0.97*	0.27	0.24	0.21	0.11*	0.24	0.20	0.25
Weighted average shares, basic millions of shares	137*	136	131	133	134*	135	132	132	131*	128	124	125
Weighted average shares, diluted millions of shares	142*	144	138	139	151*	143	140	140	140*	136	130	128

Fiscal quarters (UPWK's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Cash and cash equivalents	80	25	183	288	306	304	291	261	294	328	476	228
Marketable securities	470	466	315	313	316	318	344	382	378	251	138	76
Accounts receivable	103	114	117	69	75	78	71	76	76	76	76	79
Prepaid and other current assets	18	20	23	19	18	22	21	18	21	24	25	20
Total current assets	883	848	856	904	911	938	939	949	951	883	909	568
Property and equipment, net	27	27	28	30	30	35	38	40	44	49	59	62
Right-of-use asset	4	3	3	6	6	6	5	5	5	13	12	12
Goodwill	118	118	118	118	121	121	141	150	149	149	149	149
Total assets	1,038	1,001	1,009	1,063	1,212	1,240	1,262	1,311	1,300	1,242	1,274	931
Accounts payable	5	6	6	6	6	4	1	9	8	11	7	9
Current portion of long-term debt	—	—	—	—	0	—	—	359	360	360	361	0
Total current liabilities	293	289	285	284	268	275	280	660	650	647	638	252
Long-term debt	356	357	357	357	358	358	359	0	0	—	—	—
Lease liability, non-current	6	5	5	9	10	10	10	10	10	15	14	14
Total liabilities	656	652	647	651	636	646	653	683	669	672	663	277
Retained earnings (accumulated deficit)	(294)	(276)	(253)	(226)	(78)	(41)	(8)	21	37	68	94	126
Total stockholders' equity	381	349	361	411	575	594	609	628	630	570	611	654
Total liabilities and equity	1,038	1,001	1,009	1,063	1,212	1,240	1,262	1,311	1,300	1,242	1,274	931
Common shares outstanding (cover page) millions of shares	137	133	132	134	135	132	133	131	130	124	125	126

Fiscal quarters (UPWK's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Net income (loss)	17*	18	22	28	147*	38	33	29	16*	31	25	32
Stock-based compensation	18*	17	19*	19*	14*	12	16*	20*	17*	15	14*	9*
Depreciation and amortization	year only	3	4*	4*	4*	5	6*	8*	7*	9	9*	11*
Net cash from operating activities	(5)*	6	37*	102*	8*	37	73*	75*	64*	23	47*	66*
Purchases of property and equipment	0*	0	1*	1*	2*	2	2*	0*	0*	2	2*	4*
Net cash from investing activities	(63)*	6	150*	2*	(21)*	(5)	(51)*	(81)*	1*	118	103*	50*
Share repurchases	0*	67	33*	0*	0*	33	38*	31*	34*	108	2*	0*
Net cash from financing activities	36*	(56)	(34)*	(3)*	11*	(13)	(38)*	(24)*	(62)*	(84)	(13)*	(392)*
Net change in cash	(33)*	(44)	154*	101*	(1)*	19	(17)*	(31)*	3*	57	137*	(277)*

SIC 7374 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 7374 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Upwork	228	186	66*	125.8M	—	Q3 FY26 10-QSep 30, 2026
Jamf Holding	547	183	66*	133.2M	—	Q3 FY25 10-QSep 30, 2025
DigitalOcean Holdings	666	321	161*	118.0M	—	Q3 FY26 10-QSep 30, 2026
Blackbaud	36	293	142*	45.0M	—	Q3 FY26 10-QSep 30, 2026
RUM Group	203	40	(50)*	not reported	4.1 quarters	Q2 FY26 10-QJun 30, 2026
CarGurus	122	251	95*	not reported	—	Q2 FY26 10-QJun 30, 2026
Innodata	240	92	127*	34.4M	—	Q2 FY26 10-QJun 30, 2026
Netscout Systems	553	210	51	72.7M	—	Q1 FY26 10-QJun 30, 2026
Appian	121	203	12*	71.8M	—	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.