Upwork Inc. (formerly Elance-oDesk) is an American freelancing platform headquartered in Palo Alto and San Francisco, California. The company was formed in 2013 as Elance-oDesk after the merger of Elance Inc. and oDesk Corp. The merged company was subsequently rebranded as Upwork in 2015. Upwork went public in 2018. Changes to its fees and account policies have repeatedly drawn protests from freelancers, and after a prolonged decline in its share price the company became the target of an activist investor campaign in 2024 and carried out large workforce reductions in 2024 and 2026.
| trading_symbol | registrant_name | time | price | change | percentage_change |
|---|---|---|---|---|---|
| UPWK | UPWORK, INC | 2026-09-17 14:59:55 | 8.52 | -0.03 | -0.35 |
| trading_symbol | central_index_key | registrant_name | isin_number | lei_number | ein_number | exchange | sic_code | sic_description | fiscal_year_end | state_of_incorporation | address_street | address_city | address_state | address_zip_code | address_country | address_country_code | phone_number | mailing_address | business_address | former_name | industry | founding_date | chief_executive_officer | number_of_employees | website | market_cap | shares_issued | shares_outstanding | description | update_time |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| UPWK | 0001627475 | UPWORK, INC | US91688F1049 | 5493004QJ6WWBXVE2S70 | 464337682 | Nasdaq | 7374 | Services-Computer Processing & Data Preparation | 1231 | DE | 530 LYTTON AVENUE, SUITE 301 | PALO ALTO | CA | 94301 | UNITED STATES | US | 650-316-7500 | 3490 S 4400 W #70008, WEST VALLEY CITY, UT, 84120 | 530 LYTTON AVENUE, SUITE 301, PALO ALTO, CA, 94301 | Upwork Inc. | Freelance marketplace | 1999 | Hayden Brown | — | https://www.upwork.com/ | 1,657,936,950 | 124,797,586 | 124,903,365 | Upwork Inc. (formerly Elance-oDesk) is an American freelancing platform headquartered in Palo Alto and San Francisco, California. The company was formed in 2013 as Elance-oDesk after the merger of Elance Inc. and oDesk Corp. The merged company was subsequently rebranded as Upwork in 2015. Upwork went public in 2018. Changes to its fees and account policies have repeatedly drawn protests from freelancers, and after a prolonged decline in its share price the company became the target of an activist investor campaign in 2024 and carried out large workforce reductions in 2024 and 2026. | 2026-09-17 19:58:16 |
| Fiscal Year | Market Cap | Change In Market Cap | Percentage Change In Market Cap | Shares Outstanding | Change In Shares Outstanding | Percentage Change In Shares Outstanding |
|---|---|---|---|---|---|---|
| 2025 | 1,657,936,950 | 340,976,412 | 25.8912 | 130,380,213 | -5,079,402 | -3.7498 |
| 2024 | 1,316,960,538 | 161,606,667 | 13.9876 | 135,459,615 | -1,932,905 | -1.4068 |
| 2023 | 1,155,353,871 | -1,319,691,313 | -53.3199 | 137,392,520 | 4,916,711 | 3.7114 |
| Executive Name | Executive Position | Fiscal Year | Salary | Bonus | Stock Awards | Incentive Plan Compensation | Other Compensation | Total Compensation |
|---|---|---|---|---|---|---|---|---|
| Hayden Brown | Chief Executive Officer, President | 2025 | 625,000 | — | 15,153,165 | 1,289,438 | 27,099 | 17,094,702 |
| Erica Gessert | Chief Financial Officer | 2025 | 606,375 | — | 4,100,252 | 887,675 | 16,215 | 5,610,517 |
| Erica Gessert | Chief Financial Officer | 2024 | 572,917 | — | 3,254,415 | 607,787 | 5,606 | 4,440,725 |
| Hayden Brown | Chief Executive Officer, President | 2024 | 595,000 | — | 8,554,496 | 761,600 | 20,813 | 9,931,909 |
| Hayden Brown | Chief Executive Officer, President | 2023 | 570,000 | 0 | 8,594,663 | 307,800 | 35,678 | 9,508,141 |
| Fiscal Year | Employee Count |
|---|---|
| 2025 | 630 |
| 2024 | 600 |
| 2023 | 800 |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenue | 787,784,000 | 769,325,000 | 689,136,000 |
| Cost Of Revenue | 174,752,000 | 174,094,000 | 170,450,000 |
| Gross Profit | 613,032,000 | 595,231,000 | 518,686,000 |
| Research And Development Expenses | 185,544,000 | 209,283,000 | 177,363,000 |
| General And Administrative Expenses | 146,629,000 | 128,803,000 | 118,925,000 |
| Operating Expenses | 483,725,000 | 530,025,000 | 529,946,000 |
| Operating Income | 129,307,000 | 65,206,000 | -11,260,000 |
| Net Income | 115,425,000 | 215,586,000 | 46,887,000 |
| Earnings Per Share Basic | 0.87 | 1.61 | 0.35 |
| Earnings Per Share Diluted | 0.84 | 1.52 | 0.06 |
| Weighted Average Shares Outstanding Basic | 132,485,000 | 133,621,000 | 134,774,000 |
| Weighted Average Shares Outstanding Diluted | 140,660,000 | 143,152,000 | 137,263,000 |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Cash And Cash Equivalents | 294,356,000 | 305,757,000 | 79,641,000 |
| Marketable Securities Current | 378,425,000 | 316,344,000 | 470,457,000 |
| Accounts Receivable | 76,236,000 | 75,490,000 | 103,061,000 |
| Inventories | — | — | — |
| Non Trade Receivables | — | — | — |
| Other Assets Current | 21,064,000 | 17,727,000 | 17,825,000 |
| Total Assets Current | 950,833,000 | 911,054,000 | 883,371,000 |
| Marketable Securities Non Current | — | — | — |
| Property Plant And Equipment | 44,421,000 | 30,056,000 | 27,140,000 |
| Other Assets Non Current | 1,467,000 | 1,919,000 | 1,430,000 |
| Total Assets Non Current | 348,747,000 | 300,559,000 | 154,170,000 |
| Total Assets | 1,299,580,000 | 1,211,613,000 | 1,037,541,000 |
| Accounts Payable | 7,858,000 | 6,128,000 | 5,063,000 |
| Deferred Revenue | 7,765,000 | 7,269,000 | 17,361,000 |
| Short Term Debt | 359,770,000 | — | — |
| Other Liabilities Current | — | — | — |
| Total Liabilities Current | 650,168,000 | 268,433,000 | 293,003,000 |
| Long Term Debt | 359,770,000 | 357,928,000 | 356,087,000 |
| Other Liabilities Non Current | 9,390,000 | 308,000 | 1,288,000 |
| Total Liabilities Non Current | 19,097,000 | 367,803,000 | 363,463,000 |
| Total Liabilities | 669,265,000 | 636,236,000 | 656,466,000 |
| Common Stock | 13,000 | 14,000 | 14,000 |
| Retained Earnings | 36,949,000 | -78,476,000 | -294,062,000 |
| Accumulated Other Comprehensive Income | 754,000 | 264,000 | 205,000 |
| Total Shareholders Equity | 630,315,000 | 575,377,000 | 381,075,000 |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Depreciation And Amortization | 25,710,000 | 14,813,000 | 2,900,000 |
| Share Based Compensation Expense | 65,390,000 | 68,391,000 | 74,195,000 |
| Other Non Cash Income Expense | — | — | — |
| Change In Accounts Receivable | 3,284,000 | 4,802,000 | 47,663,000 |
| Change In Inventories | — | — | — |
| Change In Non Trade Receivables | — | — | — |
| Change In Other Assets | 2,570,000 | 656,000 | -146,000 |
| Change In Accounts Payable | -1,160,000 | 969,000 | -2,513,000 |
| Change In Other Liabilities | 27,737,000 | 4,730,000 | 5,746,000 |
| Cash From Operating Activities | 248,259,000 | 153,563,000 | 27,221,000 |
| Purchases Of Marketable Securities | 485,178,000 | 362,322,000 | 709,214,000 |
| Sales Of Marketable Securities | 11,348,000 | 41,775,000 | 165,035,000 |
| Acquisition Of Property Plant And Equipment | 5,790,000 | 3,528,000 | 692,000 |
| Acquisition Of Business | 58,406,000 | 14,333,000 | — |
| Other Investing Activities | — | — | — |
| Cash From Investing Activities | -136,939,000 | 137,568,000 | 88,270,000 |
| Tax Withholding For Share Based Compensation | — | — | — |
| Payments Of Dividends | — | — | — |
| Issuance Of Common Stock | 3,935,000 | 4,795,000 | 4,081,000 |
| Repurchase Of Common Stock | 135,959,000 | 100,000,000 | — |
| Issuance Of Long Term Debt | — | — | — |
| Repayment Of Long Term Debt | — | — | 0 |
| Other Financing Activities | — | — | — |
| Cash From Financing Activities | -138,005,000 | -81,956,000 | -114,304,000 |
| Change In Cash | -26,685,000 | 209,175,000 | 1,187,000 |
| Cash At End Of Period | 294,356,000 | 305,757,000 | 79,641,000 |
| Income Taxes Paid | 13,529,000 | 4,590,000 | 1,982,000 |
| Interest Paid | 1,227,000 | 920,000 | 1,321,000 |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Earnings Per Share | 0.87 | 1.61 | 0.35 |
| Price To Earnings Ratio | 22.7816 | 10.1553 | 42.4857 |
| Earnings Growth Rate | -45.9627 | 360 | -150.7246 |
| Price Earnings To Growth Ratio | -0.4957 | 0.0282 | -0.2819 |
| Book Value Per Share | 4.7576 | 4.306 | 2.8275 |
| Price To Book Ratio | 4.1659 | 3.797 | 5.259 |
| Ebitda | 154,664,000 | 234,989,000 | 76,169,000 |
| Enterprise Value | 3,051,036,700 | 2,236,874,350 | 2,280,535,380 |
| Dividend Yield | — | — | — |
| Dividend Payout Ratio | — | — | — |
| Debt To Equity Ratio | 1.1416 | 0.6221 | 0.9344 |
| Capital Expenditures | 40,075,000 | 17,729,000 | 7,977,000 |
| Free Cash Flow | 208,184,000 | 135,834,000 | 19,244,000 |
| Return On Equity | 0.1831 | 0.3747 | 0.123 |
| One Year Beta | 1.1085 | 1.1174 | 1.9034 |
| Three Year Beta | 1.3032 | 1.7777 | 1.9254 |
| Five Year Beta | 1.6285 | 1.1645 | 1.1568 |
| Insider Name | Relationship To Issuer | Transaction Date | Amount Of Securities | Acquired Or Disposed | Securities Owned Following Transaction |
|---|---|---|---|---|---|
| Kappus Anthony Ray | GM & Chief Operating Officer | 2026-08-18 | 5,115 | A | 9,178 |
| Kappus Anthony Ray | GM & Chief Operating Officer | 2026-08-18 | 1,964 | D | 7,214 |
| Kappus Anthony Ray | GM & Chief Operating Officer | 2026-08-18 | 5,115 | D | 71,604 |
| Gessert Erica | Chief Financial Officer | 2026-08-18 | 37,500 | A | 379,109 |
| Gessert Erica | Chief Financial Officer | 2026-08-18 | 8,524 | A | 387,633 |
| Investor Name | Period Of Report | Market Value | Amount Of Securities | Price Per Security |
|---|---|---|---|---|
| SkyView Investment Advisors, LLC | 2026-06-30 | 677,000 | 81,000 | 8.358 |
| Fulcrum Asset Management LLP | 2026-06-30 | 4,238 | 510 | 8.3098 |
| Empowered Funds, LLC | 2026-06-30 | 2,051,368 | 245,379 | 8.36 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 2026-06-30 | 7,875,463 | 942,041 | 8.36 |
| Invesco Ltd. | 2026-06-30 | 4,507,896 | 539,222 | 8.36 |
| Registrant Name | Period Of Report | Fund Name | Fund Symbol | Amount Of Units | Value In Usd | Percentage Value Compared To Assets |
|---|---|---|---|---|---|---|
| STERLING CAPITAL FUNDS | 2026-06-30 | Class R6 | STRBX | 13,569 | 113,436.84 | 0.1408 |
| STERLING CAPITAL FUNDS | 2026-06-30 | Class C | SPSDX | 13,569 | 113,436.84 | 0.1408 |
| STERLING CAPITAL FUNDS | 2026-06-30 | Class A | SPSAX | 13,569 | 113,436.84 | 0.1408 |
| STERLING CAPITAL FUNDS | 2026-06-30 | INSTITUTIONAL SHARES | SPSCX | 13,569 | 113,436.84 | 0.1408 |
| WisdomTree Trust | 2026-06-30 | WisdomTree U.S. SmallCap Fund | EES | 70,091 | 585,960.76 | 0.0809 |