📊 UPWK Key Takeaways
Is Upwork, Inc. (UPWK) a Good Investment?
Upwork generates strong unit economics with 77.2% gross margins and maintains profitability with 16.1% net margins, supported by positive free cash flow and manageable debt. However, the company faces significant headwinds: revenue growth of just 2.4% YoY, completely flat net income, and a concerning 44.7% EPS decline suggest shareholder dilution and market maturation. Poor capital efficiency metrics (5.5% ROE, 2.5% ROA) indicate the business is not effectively deploying capital to generate acceptable returns.
Upwork, Inc. Key Strengths (UPWK)
- Exceptional gross margin of 77.2% demonstrates pricing power and efficient delivery of services
- Strong interest coverage of 13.0x and manageable debt-to-equity of 0.63x provide financial flexibility and stability
- Positive free cash flow generation of 21.3M with 328.4M cash position supports operational continuity and strategic optionality
UPWK Stock Risks: Upwork, Inc. Investment Risks
- Anemic revenue growth of 2.4% YoY coupled with flat net income growth suggests market saturation or intensifying competitive pressures
- Significant 44.7% EPS decline indicates substantial shareholder dilution offsetting any earnings stability
- Poor capital efficiency with ROE of 5.5% and ROA of 2.5% reveals management is not effectively deploying shareholder capital to generate adequate returns
Key Metrics to Watch
- Revenue growth acceleration trajectory and competitive market positioning
- EPS and per-share profitability trend to assess dilution impact
- Return on equity and return on assets improvement as indicators of capital deployment effectiveness
Upwork, Inc. (UPWK) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Upwork, Inc. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
UPWK Profit Margin, ROE & Profitability Analysis
UPWK vs Technology Sector: How Upwork, Inc. Compares
How Upwork, Inc. compares to Technology sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Upwork, Inc. Stock Overvalued? UPWK Valuation Analysis 2026
Based on fundamental analysis, Upwork, Inc. has mixed fundamental signals relative to the Technology sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Upwork, Inc. Balance Sheet: UPWK Debt, Cash & Liquidity
UPWK Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Upwork, Inc.'s revenue has grown significantly by 57% over the 5-year period, indicating strong business expansion. The most recent EPS of $0.06 reflects profitable operations.
UPWK Revenue Growth, EPS Growth & YoY Performance
UPWK Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $192.7M | $31.5M | $0.24 |
| Q3 2025 | $193.8M | $27.8M | $0.20 |
| Q2 2025 | $193.1M | $22.2M | $0.17 |
| Q1 2025 | $190.9M | $18.4M | $0.13 |
| Q3 2024 | $175.7M | $16.3M | $-0.06 |
| Q2 2024 | $168.6M | -$4.0M | $-0.03 |
| Q1 2024 | $160.9M | $17.2M | $0.13 |
| Q3 2023 | $158.6M | $16.3M | $-0.06 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Upwork, Inc. Dividends, Buybacks & Capital Allocation
UPWK SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Upwork, Inc. (CIK: 0001627475)
📋 Recent SEC Filings
❓ Frequently Asked Questions about UPWK
What is the AI rating for UPWK?
Upwork, Inc. (UPWK) has an AI grade of B with 78% confidence, based on fundamental analysis of SEC EDGAR filings.
What are UPWK's key strengths?
Claude: Exceptional gross margin of 77.2% demonstrates pricing power and efficient delivery of services. Strong interest coverage of 13.0x and manageable debt-to-equity of 0.63x provide financial flexibility and stability.
What are the risks of investing in UPWK?
Claude: Anemic revenue growth of 2.4% YoY coupled with flat net income growth suggests market saturation or intensifying competitive pressures. Significant 44.7% EPS decline indicates substantial shareholder dilution offsetting any earnings stability.
What is UPWK's revenue and growth?
Upwork, Inc. reported revenue of $195.5M.
Does UPWK pay dividends?
Upwork, Inc. does not currently pay dividends.
Where can I find UPWK SEC filings?
Official SEC filings for Upwork, Inc. (CIK: 0001627475) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is UPWK's EPS?
Upwork, Inc. has a diluted EPS of $0.24.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is UPWK's fundamental grade?
Based on our AI fundamental analysis in June 2026, Upwork, Inc. has a B grade with 78% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is UPWK stock overvalued or undervalued?
Valuation metrics for UPWK: ROE of 5.5% (sector avg: 22%), net margin of 16.1% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.
What is UPWK's AI grade for 2026?
Our dual AI analysis gives Upwork, Inc. a combined B grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is UPWK's free cash flow?
Upwork, Inc.'s operating cash flow is $23.0M, with capital expenditures of $1.7M. FCF margin is 10.9%.
How does UPWK compare to other Technology stocks?
Vs Technology sector averages: Net margin 16.1% (avg: 18%), ROE 5.5% (avg: 22%), current ratio 1.36 (avg: 2.5).