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UPWORK, INC (UPWK)
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| Price date | EPS fiscal end | Basic P/E (×) | Diluted P/E (×) | P/S (×) | P/FCF (×) |
|---|
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YEAR-OVER-YEAR
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UPWORK, INC (UPWK) · Nasdaq · USD · Sector unavailable · CIK 0001627475
Annual coverage: 2016-12-31–2025-12-31 (10 periods). Financial snapshot built 2026-10-09.
UPWK annual financial history
All stored annual observations, independent of the chart window. Per-share amounts in USD. Unavailable values are not zero.
See the calculation and limitations.
Annual per-share context (USD/share)
Complete annual history, independent of chart loading and range. Revenue/share is annual revenue per average diluted share. Debt/share is borrowings per year-end common share, excluding leases. Missing inputs remain unavailable. Metric definitions.
| Fiscal end | Revenue / share | Total debt / share | Inputs & filing sources |
|---|---|---|---|
| 2025-12-31 | 5.60 | Unavailable | Inputs & filingsrevenue: 787784000; averageDilutedShares: 140659603; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 130545236 revenue (2026-02-13)averageDilutedShares (2026-02-13) periodEndShares (2026-02-13) |
| 2024-12-31 | 5.37 | Unavailable | Inputs & filingsrevenue: 769325000; averageDilutedShares: 143152029; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 135348453 revenue (2026-02-13)averageDilutedShares (2026-02-13) periodEndShares (2026-02-13) |
| 2023-12-31 | 5.02 | Unavailable | Inputs & filingsrevenue: 689136000; averageDilutedShares: 137263230; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 137272754 revenue (2026-02-13)averageDilutedShares (2026-02-13) periodEndShares (2025-02-13) |
| 2022-12-31 | 4.74 | Unavailable | Inputs & filingsrevenue: 618318000; averageDilutedShares: 130517920; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 132368265 revenue (2025-02-13)averageDilutedShares (2025-02-13) periodEndShares (2024-02-15) |
| 2021-12-31 | 3.95 | Unavailable | Inputs & filingsrevenue: 502797000; averageDilutedShares: 127163591; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 129130478 revenue (2024-02-15)averageDilutedShares (2024-02-15) periodEndShares (2023-02-16) |
| 2020-12-31 | 3.15 | Unavailable | Inputs & filingsrevenue: 373628000; averageDilutedShares: 118698567; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 124795222 revenue (2023-02-16)averageDilutedShares (2023-02-16) periodEndShares (2022-02-15) |
| 2019-12-31 | 2.74 | Unavailable | Inputs & filingsrevenue: 300562000; averageDilutedShares: 109814604; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 113604398 revenue (2022-02-15)averageDilutedShares (2022-02-15) periodEndShares (2021-02-24) |
| 2018-12-31 | Unavailable | Unavailable | Inputs & filingsrevenue: 253354000; averageDilutedShares: No positive shares on the exact annual duration; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 106454321 revenue (2021-02-24)periodEndShares (2020-03-02) |
| 2017-12-31 | Unavailable | Unavailable | Inputs & filingsrevenue: 202552000; averageDilutedShares: No positive shares on the exact annual duration; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 33740323 revenue (2020-03-02)periodEndShares (2019-03-07) |
| 2016-12-31 | Unavailable | Unavailable | Inputs & filingsrevenue: 164445000; averageDilutedShares: No positive shares on the exact annual duration; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date revenue (2019-03-07) |
Annual returns and cash generation (%)
Complete annual history, independent of chart loading and range. FCF margin and FCF / net income use matching annual totals. ROCE uses positive exact opening and closing capital-employed bases. Inputs, scopes and unavailable reasons are disclosed below. Missing inputs remain unavailable. Metric definitions.
| Fiscal end | FCF margin (%) | FCF / net income (%) | ROCE (%) | Inputs & filing sources |
|---|---|---|---|---|
| 2025-12-31 | 30.78 | 210.07 | 16.24 | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":242469000,"capex":{"accession":"0001627475-26-000012","end":"2025-12-31","filed":"2026-02-13","form":"10-K","start":"2025-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001627475-26-000012","end":"2025-12-31","filed":"2026-02-13","form":"10-K","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":787784000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-13","accession":"0001627475-26-000012","form":"10-K"},"netIncome":{"value":115425000,"tag":"ProfitLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-13","accession":"0001627475-26-000012","form":"10-K"},"operatingIncome":{"value":129307000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-13","accession":"0001627475-26-000012","form":"10-K"},"openingAssets":{"value":1211613000,"tag":"Assets","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-13","accession":"0001627475-26-000012","form":"10-K"},"openingCurrentLiabilities":{"value":268433000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-13","accession":"0001627475-26-000012","form":"10-K"},"openingCapitalEmployed":{"value":943180000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":575377000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-13","accession":"0001627475-26-000012","form":"10-K"},"openingTotalEquity":{"value":575377000,"inputNames":["openingParentEquity","openingAssets","openingLiabilities"]},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":636236000,"tag":"Liabilities","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-13","accession":"0001627475-26-000012","form":"10-K"},"openingCash":{"value":305757000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-13","accession":"0001627475-26-000012","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2024-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":1299580000,"tag":"Assets","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-13","accession":"0001627475-26-000012","form":"10-K"},"closingCurrentLiabilities":{"value":650168000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-13","accession":"0001627475-26-000012","form":"10-K"},"closingCapitalEmployed":{"value":649412000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":630315000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-13","accession":"0001627475-26-000012","form":"10-K"},"closingTotalEquity":{"value":630315000,"inputNames":["closingParentEquity","closingAssets","closingLiabilities"]},"closingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingLiabilities":{"value":669265000,"tag":"Liabilities","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-13","accession":"0001627475-26-000012","form":"10-K"},"closingCash":{"value":294356000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-13","accession":"0001627475-26-000012","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2025-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":115425000,"tag":"NetIncomeLossAvailableToCommonStockholdersBasic","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-13","accession":"0001627475-26-000012","form":"10-K"},"incomeTaxExpense":{"value":37751000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-13","accession":"0001627475-26-000012","form":"10-K"},"pretaxIncome":{"value":153176000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-13","accession":"0001627475-26-000012","form":"10-K"},"effectiveTaxRate":{"value":0.24645505823366584,"inputNames":["incomeTaxExpense","pretaxIncome"]},"nopat":{"value":97438635.78497937,"inputNames":["operatingIncome","effectiveTaxRate"]},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":796296000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 30.77861444253755; cashConversion: 210.0662768031189; roce: 16.2385595306268 fcfMargin component 1 (2026-02-13) · fcfMargin component 2 (2026-02-13) · fcfMargin component 3 (2026-02-13)cashConversion component 1 (2026-02-13) · cashConversion component 2 (2026-02-13) · cashConversion component 3 (2026-02-13) roce component 1 (2026-02-13) · roce component 2 (2026-02-13) · roce component 3 (2026-02-13) · roce component 4 (2026-02-13) · roce component 5 (2026-02-13) |
| 2024-12-31 | 19.50 | 69.59 | 7.73 | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":150035000,"capex":{"accession":"0001627475-26-000012","end":"2024-12-31","filed":"2026-02-13","form":"10-K","start":"2024-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001627475-26-000012","end":"2024-12-31","filed":"2026-02-13","form":"10-K","start":"2024-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":769325000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-13","accession":"0001627475-26-000012","form":"10-K"},"netIncome":{"value":215586000,"tag":"ProfitLoss","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-13","accession":"0001627475-26-000012","form":"10-K"},"operatingIncome":{"value":65206000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-13","accession":"0001627475-26-000012","form":"10-K"},"openingAssets":{"value":1037541000,"tag":"Assets","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-13","accession":"0001627475-25-000011","form":"10-K"},"openingCurrentLiabilities":{"value":293003000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-13","accession":"0001627475-25-000011","form":"10-K"},"openingCapitalEmployed":{"value":744538000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":381075000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2023-12-31","filed":"2026-02-13","accession":"0001627475-26-000012","form":"10-K"},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":656466000,"tag":"Liabilities","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-13","accession":"0001627475-25-000011","form":"10-K"},"openingCash":{"value":79641000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2023-12-31","filed":"2026-02-13","accession":"0001627475-26-000012","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2023-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":1211613000,"tag":"Assets","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-13","accession":"0001627475-26-000012","form":"10-K"},"closingCurrentLiabilities":{"value":268433000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-13","accession":"0001627475-26-000012","form":"10-K"},"closingCapitalEmployed":{"value":943180000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":575377000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-13","accession":"0001627475-26-000012","form":"10-K"},"closingTotalEquity":{"value":575377000,"inputNames":["closingParentEquity","closingAssets","closingLiabilities"]},"closingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingLiabilities":{"value":636236000,"tag":"Liabilities","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-13","accession":"0001627475-26-000012","form":"10-K"},"closingCash":{"value":305757000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-13","accession":"0001627475-26-000012","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2024-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":215586000,"tag":"NetIncomeLossAvailableToCommonStockholdersBasic","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-13","accession":"0001627475-26-000012","form":"10-K"},"incomeTaxExpense":{"value":-125159000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-13","accession":"0001627475-26-000012","form":"10-K"},"pretaxIncome":{"value":90427000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-13","accession":"0001627475-26-000012","form":"10-K"},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Effective tax rate outside 0–100% or nonfinite; no clamping"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Effective tax rate outside 0–100% or nonfinite; no clamping"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":843859000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 19.502160985279303; cashConversion: 69.59403671852532; roce: 7.727120289053029 fcfMargin component 1 (2026-02-13) · fcfMargin component 2 (2026-02-13) · fcfMargin component 3 (2026-02-13)cashConversion component 1 (2026-02-13) · cashConversion component 2 (2026-02-13) · cashConversion component 3 (2026-02-13) roce component 1 (2026-02-13) · roce component 2 (2025-02-13) · roce component 3 (2025-02-13) · roce component 4 (2026-02-13) · roce component 5 (2026-02-13) |
| 2023-12-31 | 7.55 | 110.94 | -1.43 | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":52016000,"capex":{"accession":"0001627475-26-000012","end":"2023-12-31","filed":"2026-02-13","form":"10-K","start":"2023-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001627475-26-000012","end":"2023-12-31","filed":"2026-02-13","form":"10-K","start":"2023-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":689136000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-13","accession":"0001627475-26-000012","form":"10-K"},"netIncome":{"value":46887000,"tag":"ProfitLoss","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-13","accession":"0001627475-26-000012","form":"10-K"},"operatingIncome":{"value":-11260000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-13","accession":"0001627475-26-000012","form":"10-K"},"openingAssets":{"value":1080245000,"tag":"Assets","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-15","accession":"0001627475-24-000012","form":"10-K"},"openingCurrentLiabilities":{"value":247692000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-15","accession":"0001627475-24-000012","form":"10-K"},"openingCapitalEmployed":{"value":832553000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":248879000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2022-12-31","filed":"2026-02-13","accession":"0001627475-26-000012","form":"10-K"},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":831366000,"tag":"Liabilities","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-15","accession":"0001627475-24-000012","form":"10-K"},"openingCash":{"value":129384000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2022-12-31","filed":"2025-02-13","accession":"0001627475-25-000011","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; 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fcfMargin: 7.5480021360079865; cashConversion: 110.93906626570265; roce: -1.4279455021935956 fcfMargin component 1 (2026-02-13) · fcfMargin component 2 (2026-02-13) · fcfMargin component 3 (2026-02-13)cashConversion component 1 (2026-02-13) · cashConversion component 2 (2026-02-13) · cashConversion component 3 (2026-02-13) roce component 1 (2026-02-13) · roce component 2 (2024-02-15) · roce component 3 (2024-02-15) · roce component 4 (2025-02-13) · roce component 5 (2025-02-13) |
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| 2018-12-31 | 4.24 | Unavailable | -5.52 | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":10742000,"capex":{"accession":"0001627475-21-000015","end":"2018-12-31","filed":"2021-02-24","form":"10-K","start":"2018-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001627475-21-000015","end":"2018-12-31","filed":"2021-02-24","form":"10-K","start":"2018-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":253354000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2018-01-01","end":"2018-12-31","filed":"2021-02-24","accession":"0001627475-21-000015","form":"10-K"},"netIncome":{"value":-19907000,"tag":"ProfitLoss","unit":"USD","start":"2018-01-01","end":"2018-12-31","filed":"2021-02-24","accession":"0001627475-21-000015","form":"10-K"},"operatingIncome":{"value":-11712000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2018-01-01","end":"2018-12-31","filed":"2021-02-24","accession":"0001627475-21-000015","form":"10-K"},"openingAssets":{"value":275189000,"tag":"Assets","unit":"USD","start":null,"end":"2017-12-31","filed":"2019-03-07","accession":"0001627475-19-000007","form":"10-K"},"openingCurrentLiabilities":{"value":114643000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2017-12-31","filed":"2019-03-07","accession":"0001627475-19-000007","form":"10-K"},"openingCapitalEmployed":{"value":160546000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":-31367000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2017-12-31","filed":"2021-02-24","accession":"0001627475-21-000015","form":"10-K"},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":140070000,"tag":"Liabilities","unit":"USD","start":null,"end":"2017-12-31","filed":"2019-03-07","accession":"0001627475-19-000007","form":"10-K"},"openingCash":{"value":21595000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2017-12-31","filed":"2020-03-02","accession":"0001627475-20-000006","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; 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| 2017-12-31 | -2.88 | Unavailable | Unavailable | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":-5831000,"capex":{"accession":"0001627475-20-000006","end":"2017-12-31","filed":"2020-03-02","form":"10-K","start":"2017-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001627475-20-000006","end":"2017-12-31","filed":"2020-03-02","form":"10-K","start":"2017-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":202552000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2017-01-01","end":"2017-12-31","filed":"2020-03-02","accession":"0001627475-20-000006","form":"10-K"},"netIncome":{"value":-4123000,"tag":"ProfitLoss","unit":"USD","start":"2017-01-01","end":"2017-12-31","filed":"2020-03-02","accession":"0001627475-20-000006","form":"10-K"},"operatingIncome":{"value":-3123000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2017-01-01","end":"2017-12-31","filed":"2020-03-02","accession":"0001627475-20-000006","form":"10-K"},"openingAssets":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCapitalEmployed":{"value":null,"inputNames":["openingAssets","openingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2016-12-31"},"openingParentEquity":{"value":-30131000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2016-12-31","filed":"2020-03-02","accession":"0001627475-20-000006","form":"10-K"},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCash":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; 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fcfMargin: -2.8787669339231408; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: matching numerator and positive exact opening/closing CapitalEmployed required; ambiguous scopes remain unavailable; unavailable: openingCapitalEmployed; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2016-12-31 fcfMargin component 1 (2020-03-02) · fcfMargin component 2 (2020-03-02) · fcfMargin component 3 (2020-03-02)cashConversion component 1 (2020-03-02) · cashConversion component 2 (2020-03-02) · cashConversion component 3 (2020-03-02) roce component 1 (2020-03-02) · roce component 2 (2019-03-07) · roce component 3 (2019-03-07) |
| 2016-12-31 | 1.40 | Unavailable | Unavailable | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":2302000,"capex":{"accession":"0001627475-19-000007","end":"2016-12-31","filed":"2019-03-07","form":"10-K","start":"2016-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001627475-19-000007","end":"2016-12-31","filed":"2019-03-07","form":"10-K","start":"2016-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":164445000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2016-01-01","end":"2016-12-31","filed":"2019-03-07","accession":"0001627475-19-000007","form":"10-K"},"netIncome":{"value":-16233000,"tag":"ProfitLoss","unit":"USD","start":"2016-01-01","end":"2016-12-31","filed":"2019-03-07","accession":"0001627475-19-000007","form":"10-K"},"operatingIncome":{"value":-14468000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2016-01-01","end":"2016-12-31","filed":"2019-03-07","accession":"0001627475-19-000007","form":"10-K"},"openingAssets":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCapitalEmployed":{"value":null,"inputNames":["openingAssets","openingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2015-12-31"},"openingParentEquity":{"value":-21434000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2015-12-31","filed":"2019-03-07","accession":"0001627475-19-000007","form":"10-K"},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCash":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; 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fcfMargin: 1.3998601356076499; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: matching numerator and positive exact opening/closing CapitalEmployed required; ambiguous scopes remain unavailable; unavailable: openingCapitalEmployed, closingCapitalEmployed; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2015-12-31; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2016-12-31 fcfMargin component 1 (2019-03-07) · fcfMargin component 2 (2019-03-07) · fcfMargin component 3 (2019-03-07)cashConversion component 1 (2019-03-07) · cashConversion component 2 (2019-03-07) · cashConversion component 3 (2019-03-07) roce component 1 (2019-03-07) |
Annual operating facts
Complete annual history, independent of chart loading and range. Operating margin is operating profit as a percentage of revenue; net margin is consolidated net profit as a percentage of revenue. Negative margins show losses. Missing inputs remain unavailable. Metric definitions.
| Fiscal end | Revenue (USD) | Operating margin (%) | Net margin (%) | Inputs & filing sources |
|---|---|---|---|---|
| 2025-12-31 | 787,784,000.00 | 16.41 | 14.65 | Inputs & filingsrevenue: 787784000; operatingIncome: 129307000; netIncome: 115425000 revenue (2026-02-13)operatingIncome (2026-02-13) netIncome (2026-02-13) |
| 2024-12-31 | 769,325,000.00 | 8.48 | 28.02 | Inputs & filingsrevenue: 769325000; operatingIncome: 65206000; netIncome: 215586000 revenue (2026-02-13)operatingIncome (2026-02-13) netIncome (2026-02-13) |
| 2023-12-31 | 689,136,000.00 | -1.63 | 6.80 | Inputs & filingsrevenue: 689136000; operatingIncome: -11260000; netIncome: 46887000 revenue (2026-02-13)operatingIncome (2026-02-13) netIncome (2026-02-13) |
| 2022-12-31 | 618,318,000.00 | -14.98 | -14.54 | Inputs & filingsrevenue: 618318000; operatingIncome: -92624000; netIncome: -89885000 revenue (2025-02-13)operatingIncome (2025-02-13) netIncome (2025-02-13) |
| 2021-12-31 | 502,797,000.00 | -10.78 | -11.19 | Inputs & filingsrevenue: 502797000; operatingIncome: -54217000; netIncome: -56240000 revenue (2024-02-15)operatingIncome (2024-02-15) netIncome (2024-02-15) |
| 2020-12-31 | 373,628,000.00 | -6.00 | -6.12 | Inputs & filingsrevenue: 373628000; operatingIncome: -22408000; netIncome: -22867000 revenue (2023-02-16)operatingIncome (2023-02-16) netIncome (2023-02-16) |
| 2019-12-31 | 300,562,000.00 | -6.23 | -5.54 | Inputs & filingsrevenue: 300562000; operatingIncome: -18732000; netIncome: -16659000 revenue (2022-02-15)operatingIncome (2022-02-15) netIncome (2022-02-15) |
| 2018-12-31 | 253,354,000.00 | -4.62 | -7.86 | Inputs & filingsrevenue: 253354000; operatingIncome: -11712000; netIncome: -19907000 revenue (2021-02-24)operatingIncome (2021-02-24) netIncome (2021-02-24) |
| 2017-12-31 | 202,552,000.00 | -1.54 | -2.04 | Inputs & filingsrevenue: 202552000; operatingIncome: -3123000; netIncome: -4123000 revenue (2020-03-02)operatingIncome (2020-03-02) netIncome (2020-03-02) |
| 2016-12-31 | 164,445,000.00 | -8.80 | -9.87 | Inputs & filingsrevenue: 164445000; operatingIncome: -14468000; netIncome: -16233000 revenue (2019-03-07)operatingIncome (2019-03-07) netIncome (2019-03-07) |
UPWORK, INC (UPWK) P/E ratio history
The interactive P/E chart contains all 419 stored weekly price points (2018-10-05–2026-10-08); 145 have an eligible basic or diluted ratio. Annual EPS is carried forward from its fiscal end. Use the P/E range bar or any other chart range bar to change all five chart windows.
Fiscal-year-end snapshots
3 eligible fiscal-year-end observations span 2023-12-31–2025-12-31. Latest eligible diluted P/E: 24.82×; basic P/E: 23.97×, for fiscal end 2025-12-31, using the close on 2025-12-26.
Annual P/E = eligible fiscal-year-end close ÷ reported annual EPS. This is retrospective annual P/E, not TTM or forward P/E. Why we use annual data. Missing or non-positive EPS and missing eligible prices produce unavailable ratios.
Explore the P/E chart and optional reference lines · How P/E history is calculated.
Complete annual P/E history (10 fiscal periods)
| Fiscal end | Price date | Close | Price basis | Basic P/E | Diluted P/E | EPS filings |
|---|---|---|---|---|---|---|
| 2025-12-31 | 2025-12-26 | 20.85 | Adjusted close | 23.97 | 24.82 | Basic EPS (2026-02-13) Diluted EPS (2026-02-13) |
| 2024-12-31 | 2024-12-27 | 16.94 | Adjusted close | 10.52 | 11.14 | Basic EPS (2026-02-13) Diluted EPS (2026-02-13) |
| 2023-12-31 | 2023-12-29 | 14.87 | Adjusted close | 42.49 | 247.83 | Basic EPS (2026-02-13) Diluted EPS (2026-02-13) |
| 2022-12-31 | 2022-12-30 | 10.44 | Adjusted close | Unavailable | Unavailable | Basic EPS (2025-02-13) Diluted EPS (2025-02-13) |
| 2021-12-31 | 2021-12-31 | 34.16 | Adjusted close | Unavailable | Unavailable | Basic EPS (2024-02-15) Diluted EPS (2024-02-15) |
| 2020-12-31 | 2020-12-31 | 34.52 | Adjusted close | Unavailable | Unavailable | Basic EPS (2023-02-16) Diluted EPS (2023-02-16) |
| 2019-12-31 | 2019-12-27 | 10.42 | Adjusted close | Unavailable | Unavailable | Basic EPS (2022-02-15) Diluted EPS (2022-02-15) |
| 2018-12-31 | 2018-12-28 | 17.86 | Adjusted close | Unavailable | Unavailable | Source unavailable |
| 2017-12-31 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Source unavailable |
| 2016-12-31 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Source unavailable |
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