FY2025 · ended Dec 31, 2025 · Revenue $787.78M, +2.4% YoY · Filed Feb 13, 2026
Upwork Inc. (UPWK) files with the SEC under industry code 7374, Services-Computer Processing & Data Preparation. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $787.8 million and net income of $115.4 million. Free cash flow was $242.5 million. As of Sep 30, 2026 it held $304.3 million in cash and investments and $18.0 million in total debt.
Revenue (TTM)
$771.15M
-1.2% vs year-ago TTM
Net income (TTM)
$104.31M
-57.8% vs year-ago TTM
Operating cash flow (TTM)
$199.54M
-10.6% vs year-ago TTM
Free cash flow (TTM)
$191.59M
-11.4% vs year-ago TTM
EPS (TTM)
$0.78
-54.6% vs year-ago TTM
Dividend per share
None
Shares outstanding
130.38M
-3.7% vs prior year
Net cash
$286.31M
as of Sep 30, 2026
Operating margin
16.0%
FY 2026
Company profile
- Industry
- Services-Computer Processing & Data Preparation (SIC 7374)
- Listed as
- UPWK (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Palo Alto, CA
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1627475
- Former names
- Upwork Inc. (until Apr 20, 2021)
Other Services-Computer Processing & Data Preparation companies
- Automatic Data Processing Inc ADP
- Workday, Inc. WDAY
- Verisk Analytics, Inc. VRSK
- Toast, Inc. TOST
- Reddit, Inc. RDDT
- Hinge Health, Inc. HNGE
- RingCentral, Inc. RNG
- Pegasystems Inc PEGA
All 110 Services-Computer Processing & Data Preparation companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $787.8M | $769.3M | $689.1M | $618.3M | $502.8M |
| Operating income | $129.3M | $65.2M | -$11.3M | -$92.6M | -$54.2M |
| Net income | $115.4M | $215.6M | $46.9M | -$89.9M | -$56.2M |
| Diluted EPS | $0.84 | $1.52 | $0.06 | -$0.69 | -$0.44 |
| Operating cash flow | $248.3M | $153.6M | $52.7M | $11.5M | $10.8M |
| Free cash flow | $242.5M | $150.0M | $52.0M | $10.2M | $9.8M |
| Total assets | $1.3B | $1.2B | $1.0B | $1.1B | $1.1B |
| Total liabilities | $669.3M | $636.2M | $656.5M | $831.4M | $821.5M |
| Stockholders' equity | $630.3M | $575.4M | $381.1M | $248.9M | $259.5M |
| Cash and investments | $672.8M | $622.1M | $550.1M | $686.6M | $684.8M |
| Total debt | $371.1M | $369.1M | $367.9M | $581.9M | $584.4M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Nov 2, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations, Officer or director change
|
Nov 2, 2026 | Nov 2, 2026 |
| 10-Q | Quarterly report | Aug 10, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 10, 2026 | Aug 10, 2026 |
| 8-K |
Current report
Officer or director change
|
Jul 16, 2026 | Jul 16, 2026 |
| 8-K |
Current report
Material agreement, New debt
|
Jun 23, 2026 | Jun 23, 2026 |
All 750 Upwork Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.