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UPWORK INC. (UPWK) Graph

UPWK Revenue Flow

Filed revenue amounts for 2026-04-01 to 2026-06-30. Coverage is partial. Unconnected amounts are separate disclosures; they must not be added together.

  • 2026-06-30: Revenue $191.66M; Cost of revenue $45.29M; Research and development $43.89M; Operating expenses $118.23M.
  • 2026-03-31: Revenue $195.48M; Cost of revenue $44.64M; Research and development $43.31M; Operating expenses $118.12M.
  • 2025-12-31: Revenue $198.41M*; Cost of revenue $43.67M*; Research and development $47.05M*; Operating expenses $126.44M*.
  • 2025-09-30: Revenue $201.73M; Cost of revenue $45.84M; Research and development $47.49M; Operating expenses $126.13M.

Product or service

Separate filed amounts; connecting flows are not established. Components and totals may overlap.

UPWK revenue flowFiled amounts. Only explicit calculation relationships connect amounts; dimensional membership alone does not establish an additive flow.Enterprise$24.80MMarketplace$166.86MRevenue$191.66MCost of revenue$45.29MGross profit$146.37MOperating expenses$118.24MOperating income$28.14MOther income, net$3.97MResearch & development$43.89MPre-tax income$32.10MNet income$25.40M

Contract With Customer Sales Channel

Separate filed amounts; connecting flows are not established. Components and totals may overlap.

UPWK revenue flowFiled amounts. Only explicit calculation relationships connect amounts; dimensional membership alone does not establish an additive flow.Sales ChannelDirectly To Consumer$80.81MSales ChannelThrough Intermediary$110.85MRevenue$191.66MCost of revenue$45.29MGross profit$146.37MOperating expenses$118.24MOperating income$28.14MOther income, net$3.97MResearch & development$43.89MPre-tax income$32.10MNet income$25.40M

Segment

Separate filed amounts; connecting flows are not established. Components and totals may overlap.

UPWK revenue flowFiled amounts. Only explicit calculation relationships connect amounts; dimensional membership alone does not establish an additive flow.Reportable Segment$191.66MRevenue$191.66MCost of revenue$45.29MGross profit$146.37MOperating expenses$118.24MOperating income$28.14MOther income, net$3.97MResearch & development$43.89MPre-tax income$32.10MNet income$25.40M

Finer product or service dollar figures and nonoverlapping groupings are shown only where supported by the retained filing evidence. Growth percentages are never converted to revenue dollars.

Historical revenue and expense breakdown

Revenue and expense 3 month

Period endRevenueCost of revenueResearch and developmentOperating expensesIncome taxNet income
2026-06-30$191.66M$45.29M$43.89M$118.23M$6.70M$25.40M
2026-03-31$195.48M$44.64M$43.31M$118.12M$6.25M$31.46M
2025-12-31$198.41M*$43.67M*$47.05M*$126.44M*$18.42M*$15.63M*
2025-09-30$201.73M$45.84M$47.49M$126.13M$6.34M$29.34M
2025-06-30$194.94M$43.43M$44.84M$118.94M$5.72M$32.73M
2025-03-31$192.71M$41.81M$46.15M$112.21M$7.28M$37.73M
2024-09-30$193.78M$43.41M$50.41M$129.57M$1.13M$27.76M
2024-06-30$193.13M$43.85M$52.47M$131.50M$1.18M$22.22M
2024-03-31$190.94M$44.19M$52.92M$133.69M$1.33M$18.44M
2023-09-30$175.73M$43.27M$43.42M$120.99M$895.00K$16.34M
2023-06-30$168.61M$40.88M$43.25M$133.84M$1.86M-$3.99M
2023-03-31$160.86M$40.43M$44.48M$145.47M$795.00K$17.17M
2022-09-30$158.64M$40.47M$38.90M$143.61M$40.00K-$24.83M
2022-06-30$156.90M$40.86M$35.83M$139.09M$27.00K-$23.82M
2022-03-31$141.34M$37.92M$38.16M$127.07M$29.00K-$24.74M
2021-09-30$128.14M$34.93M$30.87M$101.53M$26.00K-$9.31M
2021-06-30$124.18M$33.08M$28.12M$107.49M$16.00K-$16.54M
2021-03-31$113.62M$30.44M$26.61M$90.88M$17.00K-$7.83M
2020-09-30$96.75M$26.60M$20.83M$73.18M$18.00K-$2.75M
2020-06-30$87.53M$25.41M$20.55M$73.11M$30.00K-$11.02M
2020-03-31$83.20M$23.48M$19.35M$68.76M$9.00K-$10.02M
2019-09-30$78.02M$22.49M$16.21M$59.21M$0.00-$3.55M
2019-06-30$73.78M$21.59M$15.70M$55.09M$27.00K-$2.45M
2019-03-31$68.48M$21.13M$15.80M$52.62M$1.00K-$5.16M
2018-09-30$64.11M$20.50M$14.38M$46.94M$0.00-$7.35M
2018-06-30$62.68M$20.46M$12.81M$41.90M$12.00K-$412.00K
2018-03-31$59.22M$19.62M$13.49M$45.61M-$3.00K-$6.78M
2017-09-30$52.26M$16.89M$11.51M$35.16M$45.00K-$301.00K

Revenue and expense 6 month

Period endRevenueCost of revenueResearch and developmentOperating expensesIncome taxNet income
2026-06-30$387.14M$89.93M$87.20M$236.36M$12.95M$56.87M
2025-06-30$387.64M$85.24M$91.00M$231.15M$12.99M$70.46M
2024-06-30$384.07M$88.05M$105.38M$265.19M$2.51M$40.66M
2023-06-30$329.47M$81.31M$87.73M$279.31M$2.65M$13.18M
2022-06-30$298.24M$78.77M$73.99M$266.16M$56.00K-$48.56M
2021-06-30$237.80M$63.52M$54.74M$198.37M$33.00K-$24.37M
2020-06-30$170.73M$48.89M$39.90M$141.87M$39.00K-$21.05M
2019-06-30$142.26M$42.71M$31.50M$107.71M$28.00K-$7.61M
2018-06-30$121.90M$40.07M$26.30M$87.50M$9.00K-$7.20M

Revenue and expense 9 month

Period endRevenueCost of revenueResearch and developmentOperating expensesIncome taxNet income
2025-09-30$589.38M$131.08M$138.49M$357.28M$19.33M$99.79M
2024-09-30$577.84M$131.45M$155.79M$394.77M$3.64M$68.42M
2023-09-30$505.20M$124.58M$131.15M$400.31M$3.55M$29.51M
2022-09-30$456.88M$119.24M$112.89M$409.77M$96.00K-$73.39M
2021-09-30$365.94M$98.46M$85.61M$299.89M$59.00K-$33.68M
2020-09-30$267.48M$75.49M$60.73M$215.05M$57.00K-$23.79M
2019-09-30$220.27M$65.21M$47.70M$166.92M$28.00K-$11.16M
2018-09-30$186.01M$60.58M$40.68M$134.45M$9.00K-$14.54M
2017-09-30$147.79M$47.85M$32.52M$98.12M$56.00K$1.07M

Revenue and expense 12 month

Period endRevenueCost of revenueResearch and developmentOperating expensesIncome taxNet income
2025-12-31$787.78M$174.75M$185.54M$483.73M$37.75M$115.42M
2024-12-31$769.33M$174.09M$209.28M$530.02M-$125.16M$215.59M
2023-12-31$689.14M$170.45M$177.36M$529.95M$1.99M$46.89M
2022-12-31$618.32M$160.40M$154.55M$550.54M$536.00K-$89.89M
2021-12-31$502.80M$135.51M$119.08M$421.51M$122.00K-$56.24M
2020-12-31$373.63M$104.27M$83.47M$291.77M$150.00K-$22.87M
2019-12-31$300.56M$88.14M$64.03M$231.15M$28.00K-$16.66M
2018-12-31$253.35M$81.46M$55.49M$183.61M$15.00K-$19.91M
2017-12-31$202.55M$65.44M$45.60M$140.23M-$22.00K-$4.12M
2016-12-31$164.44M$62.58M$37.90M$116.33M-$1.00K-$16.23M

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