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Upwork Inc.

UPWK | NASDAQ
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$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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