NASDAQ:UPWK
Upwork, Inc.
Upwork, Inc.'s revenue grew 2.4% in fiscal 2025 to $787.8M while operating margin rose to 16.4%, its highest in 10 years. Free cash flow was $242.5M, 30.8% of revenue, and the diluted share count fell 1.7%.Summary generated from Upwork, Inc.'s SEC filings. Latest annual report filed Feb 13, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$787.8M
Revenue growth+2.4%
Revenue, 5-yr CAGR+16.1%
Gross margin77.8%
Operating margin16.4%
Net margin14.7%
ROIC14.7%
Return on equity19.1%
Debt / equity0.57
Free cash flow$242.5M
FCF margin30.8%
Share count change−1.7%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 503 | 618 | 689 | 769 | 788 |
| Operating income | −54 | −93 | −11 | 65 | 129 |
| Net income | −56 | −90 | 47 | 216 | 115 |
| Free cash flow | 10 | 10 | 52 | 150 | 242 |
Recent filings
- 4Insider transaction report
Sep 22, 2026 - 4Insider transaction report
Sep 22, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 10, 2026 - 8-KResults of operations and financial condition
Aug 10, 2026 - 8-KDirector or officer change
Jul 16, 2026 - 8-KEntry into a material agreement
Jun 23, 2026 - 8-KDirector or officer change
Jun 5, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
May 7, 2026