Upwork Inc.
UPWK | NASDAQ
$8.39
+$0.04 (+0.48%)
Sep 21, 2026, 3:01 PM ET · Market open
Market Data
Market Cap $1.03B
Enterprise Value $792.19M
Beta 1.01
Average Volume 3.99M
Shares Outstanding (Diluted) 129.96M
Shares Change YoY -7.3%
Institutional Ownership N/A
Exchange NASDAQ
ISIN US91688F1049
Price Performance
Price Change 1M -1.8%
Price Change 3M 6.5%
Price Change 6M -26.9%
Price Change YTD -57.9%
Price Change 1Y -57.4%
Price Change 3Y -27.0%
Price Change 5Y -83.5%
1M CAGR (ann.) -11.4%
1Y CAGR (ann.) -54.0%
5Y CAGR (ann.) -28.6%
All-Time CAGR -11.0%
Valuation
PE Ratio 10.99
Forward PE 5.63
PEG Ratio -0.18
Forward PEG -5.78
PS Ratio 1.31
Forward PS 1.40
PB Ratio 1.69
P/FCF Ratio 5.18
P/Adj. FCF Ratio 7.78
P/OCF Ratio 4.97
EV/Sales 1.01
EV/EBIT 5.65
EV/EBITDA 4.66
EV/FCF 3.98
Earnings Yield 9.1%
FCF Yield 19.3%
Adj. FCF Yield 12.8%
Financial Health
Net Cash $239.19M
Total Debt $375.06M
Cash & Short-Term Investments $614.24M
Total Assets $1.27B
Current Ratio 1.42
Quick Ratio 1.42
Debt / Equity Ratio 0.61
Debt / EBITDA 2.21
Debt / FCF 1.88
OCF / Debt 0.56
Interest Coverage 59.45
Altman Z-Score 2.27
Piotroski F-Score 6
Margins & Profitability
Gross Profit Margin 77.2%
Operating Profit Margin 15.1%
EBITDA Margin 21.6%
Net Profit Margin 12.9%
FCF Margin 25.3%
Adj. FCF Margin 16.8%
SBC / Revenue 8.5%
SBC Impact (per share) -33.5%
Returns
Return on Assets 8.0%
Return on Equity 16.7%
Return on Invested Capital 8.7%
Return on Capital Employed 18.7%
Return on Tangible Assets 9.3%
Historical Growth (CAGR)
Revenue CAGR 3Y 6.6%
Revenue CAGR 5Y 12.3%
Revenue CAGR 10Y N/A
EPS CAGR 3Y 10.3%
EPS CAGR 5Y 129.5%
EPS CAGR 10Y N/A
FCF CAGR 3Y 326.1%
FCF CAGR 5Y 85.7%
FCF CAGR 10Y N/A
Analyst Forecasts
Analyst Rating Buy
Analyst Count 23
EPS Growth Next 3Y 35.0%
Revenue Growth Next 3Y 4.8%
Earnings Date Nov 1, 2026
EPS Estimate (next Q) $0.32
EPS Growth Est (next Q) 50.4%
Revenue Est (next Q) $180.25M
Revenue Growth Est (next Q) -10.7%
Fair Value Estimates
Graham Number $9.18
Graham Upside 9.9%
Lynch Fair Value $19
Lynch Upside 127.5%
Price Target $9.64
Price Target Upside 15.4%
Cash Flow
Operating Cash Flow $208.67M
Free Cash Flow $199.23M
Adj. Free Cash Flow $132.54M
FCF Per Share $1.61
OCF Per Share $1.68
OCF/S Ratio 26.5%
Income Statement
Revenue $787.28M
Gross Profit $607.84M
Operating Income $118.91M
EBITDA $169.86M
Net Income $101.83M
EPS (Diluted) $0.76
Revenue / Employee $1.25M
Profit / Employee $161.64K
Employees 630
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