Upwork Quarterly Income Statements Chart
Quarterly
|
Annual
Upwork Quarterly Income Statements Table
Quarterly
|
Annual
| Unit: USD | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| revenue | 194,939,000 | 192,706,000 | 191,483,000 | 193,776,000 | 193,129,000 | 190,937,000 | 183,934,000 | 175,733,000 | 168,611,000 | 160,858,000 | 161,442,000 | 158,641,000 | 156,898,000 | 141,337,000 | 136,856,000 | 128,141,000 | 124,181,000 | 113,619,000 | 106,153,000 | 96,748,000 | 87,531,000 | 83,196,000 | 78,596,000 | 78,786,000 | 74,256,000 | 68,924,000 | 67,342,000 | 64,113,000 |
| yoy | 0.94% | 0.93% | 4.10% | 10.27% | 14.54% | 18.70% | 13.93% | 10.77% | 7.47% | 13.81% | 17.96% | 23.80% | 26.35% | 24.40% | 28.92% | 32.45% | 41.87% | 36.57% | 35.06% | 22.80% | 17.88% | 20.71% | 16.71% | 22.89% | ||||
| qoq | 1.16% | 0.64% | -1.18% | 0.34% | 1.15% | 3.81% | 4.67% | 4.22% | 4.82% | -0.36% | 1.77% | 1.11% | 11.01% | 3.27% | 6.80% | 3.19% | 9.30% | 7.03% | 9.72% | 10.53% | 5.21% | 5.85% | -0.24% | 6.10% | 7.74% | 2.35% | 5.04% | |
| cost of revenue | 43,432,000 | 41,806,000 | 42,641,000 | 43,408,000 | 43,852,000 | 44,193,000 | 45,868,000 | 43,273,000 | 40,882,000 | 40,427,000 | 41,159,000 | 40,470,000 | 40,857,000 | 37,916,000 | 37,051,000 | 34,933,000 | 33,083,000 | 30,441,000 | 28,778,000 | 26,596,000 | 25,408,000 | 23,485,000 | 22,937,000 | 22,494,000 | 21,588,000 | 21,125,000 | 20,880,000 | 20,504,000 |
| gross profit | 151,507,000 | 150,900,000 | 148,842,000 | 150,368,000 | 149,277,000 | 146,744,000 | 138,066,000 | 132,460,000 | 127,729,000 | 120,431,000 | 120,283,000 | 118,171,000 | 116,041,000 | 103,421,000 | 99,805,000 | 93,208,000 | 91,098,000 | 83,178,000 | 77,375,000 | 70,152,000 | 62,123,000 | 59,711,000 | 55,659,000 | 56,292,000 | 52,668,000 | 47,799,000 | 46,462,000 | 43,609,000 |
| yoy | 1.49% | 2.83% | 7.80% | 13.52% | 16.87% | 21.85% | 14.78% | 12.09% | 10.07% | 16.45% | 20.52% | 26.78% | 27.38% | 24.34% | 28.99% | 32.87% | 46.64% | 39.30% | 39.02% | 24.62% | 17.95% | 24.92% | 19.79% | 29.08% | ||||
| qoq | 0.40% | 1.38% | -1.01% | 0.73% | 1.73% | 6.29% | 4.23% | 3.70% | 6.06% | 0.12% | 1.79% | 1.84% | 12.20% | 3.62% | 7.08% | 2.32% | 9.52% | 7.50% | 10.30% | 12.92% | 4.04% | 7.28% | -1.12% | 6.88% | 10.19% | 2.88% | 6.54% | |
| gross margin % | 77.72% | 78.31% | 77.73% | 77.60% | 77.29% | 76.85% | 75.06% | 75.38% | 75.75% | 74.87% | 74.51% | 74.49% | 73.96% | 73.17% | 72.93% | 72.74% | 73.36% | 73.21% | 72.89% | 72.51% | 70.97% | 71.77% | 70.82% | 71.45% | 70.93% | 69.35% | 68.99% | 68.02% |
| operating expenses | ||||||||||||||||||||||||||||
| research and development | 44,843,000 | 46,152,000 | 53,491,000 | 50,411,000 | 52,465,000 | 52,916,000 | 46,217,000 | 43,419,000 | 43,246,000 | 44,481,000 | 41,664,000 | 38,898,000 | 35,830,000 | 38,161,000 | 33,473,000 | 30,873,000 | 28,124,000 | 26,613,000 | 22,743,000 | 20,833,000 | 20,547,000 | 19,348,000 | 16,322,000 | 16,209,000 | 15,696,000 | 15,800,000 | 14,808,000 | 14,377,000 |
| sales and marketing | 36,671,000 | 35,751,000 | 43,934,000 | 46,093,000 | 47,333,000 | 47,851,000 | 49,304,000 | 47,308,000 | 59,069,000 | 65,000,000 | 62,786,000 | 63,171,000 | 63,283,000 | 57,642,000 | 54,681,000 | 43,192,000 | 45,817,000 | 39,604,000 | 34,530,000 | 33,577,000 | 34,440,000 | 30,678,000 | 25,572,000 | 25,322,000 | 24,479,000 | 20,518,000 | 17,909,000 | 18,967,000 |
| general and administrative | 35,659,000 | 28,048,000 | 35,602,000 | 31,276,000 | 29,924,000 | 32,001,000 | 32,003,000 | 28,652,000 | 28,983,000 | 29,287,000 | 30,080,000 | 31,407,000 | 33,324,000 | 29,141,000 | 31,112,000 | 26,083,000 | 32,355,000 | 23,531,000 | 18,545,000 | 18,047,000 | 17,102,000 | 17,824,000 | 21,018,000 | 16,519,000 | 14,113,000 | 15,677,000 | 15,234,000 | 11,707,000 |
| benefit from transaction losses | 1,769,000 | 2,259,000 | 2,232,000 | 1,795,000 | 1,774,000 | 927,000 | 2,114,000 | 1,615,000 | 2,547,000 | 6,701,000 | 6,235,000 | 10,137,000 | 6,652,000 | 2,129,000 | 2,347,000 | 1,377,000 | 1,197,000 | 1,127,000 | 901,000 | 724,000 | 1,018,000 | 912,000 | 1,199,000 | 1,214,000 | 855,000 | 637,000 | 1,209,000 | 1,892,000 |
| total operating expenses | 118,942,000 | 112,210,000 | 135,259,000 | 129,575,000 | 131,496,000 | 133,695,000 | 129,638,000 | 120,994,000 | 133,845,000 | 145,469,000 | 140,765,000 | 143,613,000 | 139,089,000 | 127,073,000 | 121,613,000 | 101,525,000 | 107,493,000 | 90,875,000 | 76,719,000 | 73,181,000 | 73,107,000 | 68,762,000 | 64,111,000 | 59,264,000 | 55,143,000 | 52,632,000 | 49,160,000 | 46,943,000 |
| income from operations | 32,565,000 | 38,690,000 | 13,583,000 | 20,793,000 | 17,781,000 | 13,049,000 | 8,428,000 | 11,466,000 | -6,116,000 | -25,038,000 | -20,482,000 | -25,442,000 | -23,048,000 | -23,652,000 | -21,808,000 | -8,317,000 | -16,395,000 | -7,697,000 | 656,000 | -3,029,000 | -10,984,000 | -9,051,000 | -8,452,000 | -2,972,000 | -2,475,000 | -4,833,000 | -2,698,000 | -3,334,000 |
| yoy | 83.14% | 196.50% | 61.17% | 81.34% | -390.73% | -152.12% | -141.15% | -145.07% | -73.46% | 5.86% | -6.08% | 205.90% | 40.58% | 207.29% | -3424.39% | 174.58% | 49.26% | -14.96% | -107.76% | 1.92% | 343.80% | 87.27% | 213.27% | -10.86% | ||||
| qoq | -15.83% | 184.84% | -34.68% | 16.94% | 36.26% | 54.83% | -26.50% | -287.48% | -75.57% | 22.24% | -19.50% | 10.39% | -2.55% | 8.46% | 162.21% | -49.27% | 113.01% | -1273.32% | -121.66% | -72.42% | 21.36% | 7.09% | 184.39% | 20.08% | -48.79% | 79.13% | -19.08% | |
| operating margin % | 16.71% | 20.08% | 7.09% | 10.73% | 9.21% | 6.83% | 4.58% | 6.52% | -3.63% | -15.57% | -12.69% | -16.04% | -14.69% | -16.73% | -15.93% | -6.49% | -13.20% | -6.77% | 0.62% | -3.13% | -12.55% | -10.88% | -10.75% | -3.77% | -3.33% | -7.01% | -4.01% | -5.20% |
| other income | 5,878,000 | 6,317,000 | 4,788,000 | 8,091,000 | 5,620,000 | 6,722,000 | 115,410,000 | -6,477,000 | -4,695,000 | -44,101,000 | -5,543,000 | -1,772,000 | -375,000 | -68,000 | -440,000 | 222,000 | 17,000 | -78,000 | -500,000 | -452,000 | -248,000 | 731,000 | -1,634,000 | -462,000 | -832,000 | -479,000 | 2,297,000 | 3,423,000 |
| income before income taxes | 38,443,000 | 45,007,000 | 18,371,000 | 28,884,000 | 23,401,000 | 19,771,000 | 15,817,000 | 17,232,000 | -2,134,000 | 17,962,000 | -16,060,000 | -24,787,000 | -23,793,000 | -24,709,000 | -22,493,000 | -9,285,000 | -16,522,000 | -7,818,000 | 1,018,000 | -2,729,000 | -10,994,000 | -10,012,000 | -7,077,000 | -2,827,000 | -2,000,000 | -4,727,000 | -5,359,000 | -7,346,000 |
| income tax provision | -5,717,000 | -7,277,000 | -909,000 | -1,126,000 | -1,181,000 | -1,329,000 | 1,557,000 | -895,000 | -1,857,000 | -795,000 | -440,000 | -40,000 | -27,000 | -29,000 | -63,000 | -26,000 | -16,000 | -17,000 | -93,000 | -18,000 | -30,000 | -9,000 | -7,000 | -27,000 | -2,250 | |||
| net income | 32,726,000 | 37,730,000 | 147,166,000 | 27,758,000 | 22,220,000 | 18,442,000 | 17,374,000 | 16,337,000 | -3,991,000 | 17,167,000 | -16,500,000 | -24,827,000 | -23,820,000 | -24,738,000 | -22,556,000 | -9,311,000 | -16,538,000 | -7,835,000 | 925,000 | -2,747,000 | -11,024,000 | -10,021,000 | -7,077,000 | -2,827,000 | -2,027,000 | -4,728,000 | -5,365,000 | -7,346,000 |
| yoy | 47.28% | 104.59% | 747.05% | 69.91% | -656.75% | 7.43% | -205.30% | -165.80% | -83.25% | -169.40% | -26.85% | 166.64% | 44.03% | 215.74% | -2538.49% | 238.95% | 50.02% | -21.81% | -113.07% | -2.83% | 443.86% | 111.95% | 31.91% | -61.52% | ||||
| qoq | -13.26% | -74.36% | 430.18% | 24.92% | 20.49% | 6.15% | 6.35% | -509.35% | -123.25% | -204.04% | -33.54% | 4.23% | -3.71% | 9.67% | 142.25% | -43.70% | 111.08% | -947.03% | -133.67% | -75.08% | 10.01% | 41.60% | 150.34% | 39.47% | -57.13% | -11.87% | -26.97% | |
| net income margin % | 16.79% | 19.58% | 76.86% | 14.32% | 11.51% | 9.66% | 9.45% | 9.30% | -2.37% | 10.67% | -10.22% | -15.65% | -15.18% | -17.50% | -16.48% | -7.27% | -13.32% | -6.90% | 0.87% | -2.84% | -12.59% | -12.05% | -9.00% | -3.59% | -2.73% | -6.86% | -7.97% | -11.46% |
| net income per share | -0.13 | -0.19 | -0.18 | -0.19 | -0.17 | -0.07 | -0.13 | -0.06 | 0.01 | -0.02 | -0.09 | -0.09 | -0.06 | -0.03 | -0.02 | -0.04 | 0.03 | -0.2 | ||||||||||
| basic | 0.25 | 0.28 | 1.1 | 0.21 | 0.17 | 0.14 | 0.13 | 0.12 | -0.03 | 0.13 | ||||||||||||||||||
| diluted | 0.24 | 0.27 | 1.02 | 0.2 | 0.17 | 0.13 | 0.12 | 0.12 | -0.03 | -0.15 | ||||||||||||||||||
| weighted-average shares used for eps calculation | 130,518 | 130,830 | 130,061 | 129,359 | 127,164 | 127,915 | 126,742 | 125,279 | 118,699 | 120,681 | 116,524 | 114,119 | 109,815 | 111,163 | 108,683 | 106,639 | 52,328 | 36,070 | ||||||||||
| basic | 132,183 | 135,208 | 133,621 | 132,603 | 131,436 | 136,357 | 134,774 | 135,450 | 134,142 | 132,836 | ||||||||||||||||||
| diluted | 140,198 | 142,777 | 143,152 | 139,294 | 138,266 | 143,657 | 137,263 | 137,291 | 134,142 | 135,966 | ||||||||||||||||||
| other comprehensive income, net of tax: | ||||||||||||||||||||||||||||
| net unrealized holding gain on marketable securities | 176 | 284 | -958 | 1,751 | -143 | -591 | 598 | 472 | 297 | 1,923 | -1,022.25 | 166 | ||||||||||||||||
| total comprehensive income | 32,902 | 38,014 | 146,208 | 29,509 | 22,077 | 17,851 | 17,972 | 16,809 | -3,694 | 19,090 | ||||||||||||||||||
| interest expense | 631,250 | 711,000 | 713,000 | 1,101,000 | 1,121,000 | 1,117,000 | 1,120,000 | 1,125,000 | 1,125,000 | 746,000 | 110,000 | 199,000 | 138,000 | 152,000 | 258,000 | 230,000 | 259,000 | 317,000 | 357,000 | 373,000 | 364,000 | 589,000 | ||||||
| net income per share | -0.13 | -0.19 | -0.18 | -0.19 | -0.17 | -0.07 | -0.13 | -0.06 | 0.01 | -0.02 | -0.09 | -0.09 | -0.06 | -0.03 | -0.02 | -0.04 | 0.03 | -0.2 | ||||||||||
| weighted-average shares used for eps calculation | 130,518 | 130,830 | 130,061 | 129,359 | 127,164 | 127,915 | 126,742 | 125,279 | 118,699 | 120,681 | 116,524 | 114,119 | 109,815 | 111,163 | 108,683 | 106,639 | 52,328 | 36,070 | ||||||||||
| other comprehensive loss, net of tax: | ||||||||||||||||||||||||||||
| total comprehensive loss | -14,968 | -24,661 | -25,225 | -27,588 | ||||||||||||||||||||||||
| net unrealized holding loss on marketable securities | -1,405 | -2,850 | ||||||||||||||||||||||||||
| income tax benefit | -1,000 | |||||||||||||||||||||||||||
| operating expenses: | ||||||||||||||||||||||||||||
| undistributed earnings allocable to preferred stockholders | ||||||||||||||||||||||||||||
| net income attributable to common stockholders | -5,365,000 | -7,346,000 |
We provide you with 20 years income statements for Upwork stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as earnings, sales and marketing expenses, research and development costs, profits, and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Upwork stock. Explore the full financial landscape of Upwork stock with our expertly curated income statements.
The information provided in this report about Upwork stock is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.