Upwork Inc
NASDAQ:UPWK

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Upwork Inc
NASDAQ:UPWK
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Price: 16.02 USD 4.16% Market Closed
Market Cap: 2.1B USD
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Income Statement

Earnings Waterfall
Upwork Inc

Revenue
761.8m USD
Cost of Revenue
-177.3m USD
Gross Profit
584.5m USD
Operating Expenses
-524.4m USD
Operating Income
60.1m USD
Other Expenses
25.7m USD
Net Income
85.8m USD

Income Statement
Upwork Inc

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Income Statement
Currency: USD
Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024
Revenue
Revenue
184
N/A
192
+5%
203
+6%
215
+6%
229
+6%
241
+5%
253
+5%
263
+4%
274
+4%
288
+5%
301
+5%
314
+4%
327
+4%
346
+6%
374
+8%
404
+8%
441
+9%
472
+7%
503
+7%
531
+6%
563
+6%
594
+5%
618
+4%
638
+3%
650
+2%
667
+3%
689
+3%
719
+4%
744
+3%
762
+2%
Gross Profit
Cost of Revenue
(61)
(63)
(65)
(70)
(75)
(78)
(82)
(83)
(84)
(86)
(88)
(91)
(94)
(98)
(104)
(111)
(119)
(127)
(136)
(143)
(151)
(156)
(160)
(163)
(163)
(166)
(170)
(174)
(177)
(177)
Gross Profit
123
N/A
129
+5%
137
+6%
145
+6%
154
+6%
163
+5%
172
+6%
180
+5%
190
+6%
202
+6%
212
+5%
223
+5%
233
+4%
248
+6%
269
+9%
293
+9%
322
+10%
345
+7%
367
+6%
388
+5%
412
+6%
437
+6%
458
+5%
475
+4%
487
+2%
501
+3%
519
+4%
545
+5%
567
+4%
584
+3%
Operating Income
Operating Expenses
(125)
(131)
(140)
(154)
(165)
(177)
(184)
(191)
(204)
(216)
(231)
(247)
(265)
(279)
(292)
(314)
(341)
(369)
(413)
(458)
(489)
(531)
(547)
(569)
(525)
(502)
(530)
(518)
(516)
(524)
Selling, General & Administrative
(84)
(89)
(95)
(105)
(114)
(123)
(128)
(132)
(142)
(152)
(167)
(178)
(191)
(200)
(206)
(220)
(241)
(260)
(293)
(318)
(350)
(384)
(395)
(408)
(395)
(368)
(353)
(332)
(321)
(322)
Research & Development
(41)
(42)
(46)
(49)
(51)
(54)
(56)
(58)
(61)
(63)
(64)
(68)
(72)
(77)
(84)
(91)
(98)
(108)
(119)
(131)
(138)
(146)
(152)
(161)
(168)
(173)
(177)
(186)
(195)
(202)
Depreciation & Amortization
0
0
0
0
0
0
0
(1)
(1)
(2)
0
(2)
(2)
(2)
(3)
(3)
0
(1)
(1)
0
0
0
0
0
0
0
0
0
0
0
Other Operating Expenses
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(2)
0
0
(9)
0
0
0
0
39
39
0
0
0
0
Operating Income
(2)
N/A
(2)
+10%
(3)
-63%
(9)
-184%
(11)
-19%
(14)
-33%
(12)
+16%
(11)
+6%
(14)
-29%
(15)
-3%
(19)
-28%
(24)
-29%
(32)
-33%
(32)
+2%
(22)
+29%
(21)
+6%
(19)
+10%
(24)
-28%
(46)
-87%
(70)
-54%
(77)
-9%
(94)
-22%
(89)
+6%
(94)
-6%
(38)
+59%
(1)
+97%
(11)
-838%
27
N/A
51
+89%
60
+18%
Pre-Tax Income
Interest Income Expense
(1)
(1)
(1)
(1)
(2)
(2)
(2)
(2)
(2)
(2)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(2)
(3)
(4)
(4)
(4)
(4)
(4)
(4)
(1)
8
15
23
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(7)
(7)
(9)
0
0
0
(4)
39
0
0
39
0
0
0
Total Other Income
(0)
(1)
(0)
(1)
(1)
(4)
(6)
(5)
(4)
(1)
3
2
2
2
1
1
1
0
0
0
1
3
8
13
17
22
22
16
11
5
Pre-Tax Income
(3)
N/A
(3)
N/A
(4)
-24%
(11)
-156%
(13)
-22%
(20)
-55%
(20)
-1%
(18)
+8%
(20)
-11%
(17)
+19%
(17)
-1%
(23)
-39%
(32)
-37%
(31)
+3%
(23)
+26%
(21)
+10%
(26)
-27%
(33)
-25%
(56)
-72%
(73)
-30%
(80)
-10%
(96)
-19%
(89)
+7%
(47)
+48%
(25)
+46%
17
N/A
49
+188%
51
+4%
76
+50%
88
+15%
Net Income
Tax Provision
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(1)
(1)
(3)
(4)
(2)
(3)
(2)
(2)
Income from Continuing Operations
(3)
(3)
(4)
(10)
(13)
(20)
(20)
(18)
(20)
(17)
(17)
(23)
(32)
(31)
(23)
(21)
(26)
(33)
(56)
(73)
(80)
(96)
(90)
(48)
(28)
13
47
48
74
86
Net Income (Common)
(5)
N/A
(5)
-2%
(11)
-126%
(16)
-46%
(18)
-15%
(25)
-39%
(20)
+20%
(18)
+8%
(20)
-11%
(17)
+19%
(17)
-1%
(23)
-38%
(32)
-37%
(31)
+3%
(23)
+26%
(21)
+10%
(26)
-27%
(33)
-25%
(56)
-72%
(73)
-30%
(80)
-10%
(96)
-19%
(90)
+6%
(48)
+47%
(28)
+41%
13
N/A
47
+261%
48
+3%
74
+54%
86
+15%
EPS (Diluted)
-0.04
N/A
-0.04
N/A
-0.1
-150%
-0.15
-50%
-0.17
-13%
-0.24
-41%
-0.19
+21%
-0.17
+11%
-0.19
-12%
-0.15
+21%
-0.15
N/A
-0.2
-33%
-0.27
-35%
-0.26
+4%
-0.19
+27%
-0.16
+16%
-0.2
-25%
-0.25
-25%
-0.44
-76%
-0.57
-30%
-0.62
-9%
-0.74
-19%
-0.69
+7%
-0.37
+46%
-0.22
+41%
0.09
N/A
0.34
+278%
0.34
N/A
0.53
+56%
0.61
+15%

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