Upwork Inc. | Small-cap | Communication Services
$13.38
0.38%
| Upwork Stock Comparison:
Upwork vs AlphabetUpwork vs AlphabetUpwork vs GrouponUpwork vs WebtoonUpwork vs Fiverr InternationalUpwork vs S&P 500 | Market
Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 769.3M
Gross Profit 595.2M 77.37%
Operating Income 65.2M 8.48%
Net Income 215.6M 28.02%
EPS (Diluted) $1.52

Balance Sheet Metrics

Total Assets 1.2B
Total Liabilities 636.2M
Shareholders Equity 575.4M
Debt to Equity 1.11

Cash Flow Metrics

Operating Cash Flow 155.1M
Free Cash Flow 139.1M

Revenue & Profitability Trend

Upwork Income Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Revenue 769.3M 689.1M 618.3M 502.8M 373.6M
Cost of Goods Sold 174.1M 170.4M 160.4M 135.5M 104.3M
Gross Profit 595.2M 518.7M 457.9M 367.3M 269.4M
Operating Expenses 523.3M 517.0M 525.4M 415.5M 291.8M
Operating Income 65.2M -11.3M -92.6M -54.2M -22.4M
Pre-tax Income 90.4M 48.9M -89.3M -56.1M -22.7M
Income Tax -125.2M 2.0M 536.0K 122.0K 150.0K
Net Income 215.6M 46.9M -89.9M -56.2M -22.9M
EPS (Diluted) $1.52 $0.06 -$0.69 -$0.44 -$0.19

Income Statement Trend

Upwork Balance Sheet From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Assets
Current Assets 911.1M 883.4M 930.9M 929.7M 360.8M
Non-Current Assets 300.6M 154.2M 149.3M 151.4M 168.4M
Total Assets 1.2B 1.0B 1.1B 1.1B 529.2M
Liabilities
Current Liabilities 268.4M 293.0M 247.7M 233.6M 198.7M
Non-Current Liabilities 367.8M 363.5M 583.7M 587.9M 31.2M
Total Liabilities 636.2M 656.5M 831.4M 821.5M 229.9M
Equity
Total Shareholders Equity 575.4M 381.1M 248.9M 259.5M 299.3M

Balance Sheet Composition

Upwork Cash Flow Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Operating Activities
Net Income 215.6M 46.9M -89.9M -56.2M -22.9M
Operating Cash Flow 155.1M 65.3M -19.1M -7.4M 4.7M
Investing Activities
Capital Expenditures -3.5M -692.0K -1.2M -1.0M -6.3M
Investing Cash Flow 148.5M 103.9M -62.0M -423.9M 3.9M
Financing Activities
Dividends Paid - - - - -
Financing Cash Flow -90.0M -120.4M 645.0K 525.8M 18.7M
Free Cash Flow 139.1M 10.9M -2.2M 4.7M 8.0M

Cash Flow Trend

Upwork Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 8.01
Forward P/E 11.46
Price to Book 3.00
Price to Sales 2.27
PEG Ratio 11.46

Profitability Ratios

Profit Margin 30.46%
Operating Margin 20.08%
Return on Equity 49.80%
Return on Assets 6.12%

Financial Health

Current Ratio 3.42
Debt to Equity 62.32
Beta 1.44

Per Share Data

EPS (TTM) $1.66
Book Value per Share $4.43
Revenue per Share $5.78

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
upwk 1.7B 8.01 3.00 49.80% 30.46% 62.32
Alphabet 2.1T 19.85 6.25 34.79% 30.86% 8.25
Alphabet 2.0T 18.58 5.87 34.79% 30.86% 8.25
Groupon 1.5B 13.90 32.34 -84.93% -8.13% 553.57
Webtoon 1.1B -7.03 0.77 -12.60% -12.80% 1.79
Fiverr International 1.0B 60.52 2.76 4.85% 4.51% 122.33

Financial data is updated regularly. All figures are in the company's reporting currency.