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UPWORK, INC
Nasdaq · CIK 1627475
Last close8.05
Daily change-0.29 (-3.48%)
10 Years gain-61.99%
Dividends TTM0
Dividend yield0.00%
Fundamental Analysis
UPWK · STANDARD
SIC 7374 · Services-Computer Processing & Data Preparation · Fiscal year end 1231
Fundamental
70.7Momentum
70.0Acceleration
70.0Confidence
87.0Annual Revenue10
Quarterly Revenue32
Annual CFO10
Balance SheetAvailable
RankingEligible
Score Breakdown
Growth11.9 / 25
Quality21.2 / 25
Capital Efficiency20.0 / 20
Balance Sheet13.7 / 15
Shareholder Economics0.0 / 10
Forward Indicators4.0 / 5
Signals
Operating leverageOperating margin improved by 3.9946 percentage points.
Share count reductionDiluted share count declined 8.9782%.
Strong operating leverageOperating income is growing faster than revenue while operating margin expands.
Key Metrics
Revenue Growth TTM1.72%OK
Revenue CAGR 3Y8.41%OK
Gross Margin77.14%OK
Operating Margin15.72%OK
FCF Marginn/aMISSING
FCF Growthn/aINSUFFICIENT_HISTORY
ROIC29.57%OK
Incremental Operating Margin 3Y125.46%OK
Net Debt / CFOn/aNOT_MEANINGFUL
Diluted Share Growth 1Y-8.98%OK
SBC / Revenuen/aMISSING
SBC / FCFn/aNOT_MEANINGFUL
Financial History
| Period | Revenue | Gross Profit | Operating Income | CFO | FCF | Gross Margin | Op Margin | FCF Margin | ROIC | Shares |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 FY Dec 31, 2025 | $787.78M | $613.03M | $129.31M | $248.26M | $242.47M | 77.82% | 16.41% | 30.78% | 31.01% | 140.66M |
| 2025 FY Dec 31, 2024 | $769.33M | $595.23M | $65.21M | $153.56M | $150.04M | 77.37% | 8.48% | 19.5% | 17.01% | 143.15M |
| 2025 FY Dec 31, 2023 | $689.14M | $518.69M | -$11.26M | $52.71M | $52.02M | 75.27% | -1.63% | 7.55% | -6.89% | 137.26M |
| 2024 FY Dec 31, 2022 | $618.32M | $457.92M | -$92.62M | $11.50M | $10.25M | 74.06% | -14.98% | 1.66% | -55.74% | 130.52M |
| 2023 FY Dec 31, 2021 | $502.80M | $367.29M | -$54.22M | $10.84M | $9.81M | 73.05% | -10.78% | 1.95% | -30.99% | 127.16M |
Formula Trace
| Metric | Value | Formula | Status | Source |
|---|---|---|---|---|
| Revenue TTM | $783.81M | sum latest 4 fiscal quarters Revenue | OK | 0001627475-26-000047, 0001627475-25-000058 |
| Revenue Growth TTM | 1.72% | Revenue_TTM / Revenue_TTM_1Y_ago - 1 | OK | 0001627475-26-000047, 0001627475-25-000058 |
| Revenue CAGR 3Y | 8.41% | (Revenue_current / Revenue_3Y_ago)^(1/3) - 1 | OK | 0001627475-26-000012 |
| Revenue CAGR 5Y | 16.09% | (Revenue_current / Revenue_5Y_ago)^(1/5) - 1 | OK | 0001627475-26-000012 |
| Gross Profit CAGR 3Y | 10.21% | (GrossProfit_current / GrossProfit_3Y_ago)^(1/3) - 1 | OK | 0001627475-26-000012 |
| Operating Income Growth | 36.39% | OperatingIncome_current / OperatingIncome_prior_year - 1 | OK | 0001627475-26-000047, 0001627475-25-000058 |
| FCF Growth | n/a | FCF_current / FCF_prior_year - 1 | INSUFFICIENT_HISTORY | derived |
| Revenue Growth Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Profit Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Operating Income Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| FCF Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Margin | 77.14% | Gross Profit / Revenue | OK | 0001627475-26-000047, 0001627475-25-000058 |
| Operating Margin | 15.72% | Operating Income / Revenue | OK | 0001627475-26-000047, 0001627475-25-000058 |
| ROIC | 29.57% | NOPAT / Average Invested Capital | OK | 0001627475-26-000047, 0001627475-25-000058 |
| Net Debt / CFO | n/a | Net Debt / CFO | NOT_MEANINGFUL | 0001627475-26-000047 |
| Current Ratio | 1.42x | Current Assets / Current Liabilities | OK | derived |
| Cash / Debt | 1.7x | (Cash + Short-term Investments) / Total Debt | OK | 0001627475-26-000047 |
| Revenue per Diluted Share | $6.03 | Revenue / Diluted Shares | OK | 0001627475-26-000047, 0001627475-25-000058 |