Inside the research
Upwork Inc.
UPWK Research profile · latest available data
Price overview
$8.15
▲ +0.08 (+1.0%)
| 52w hi | $22.11 |
|---|---|
| 52w lo | $7.84 |
| Vol | 2.81M |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.26
| Short | -0.35 |
|---|---|
| Medium | -0.25 |
| Long | -0.09 |
computed 2026-09-27
Key fundamentals
Upwork Inc.
Communication Services · Internet Content & Information
| Market cap | $1.02B |
|---|---|
| Enterprise value | $782.26M |
| Trailing P/E | 10.45x |
| Forward P/E | 5.97x |
| EV / EBITDA | 5.25x |
| P / S (ttm) | 1.29x |
| Profit margin | 12.9% |
| Return on equity | 16.7% |
| Revenue growth | -1.7% |
| Earnings growth | -15.9% |
| Debt / equity | 62.07 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.20 | |
| Sector | +0.03 | |
| Technical | -0.28 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
Upwork Inc., together with its subsidiaries, provides platforms and workforce solutions that connect businesses with freelance, agency, fractional, and payrolled talent in the United States, the Philippines, India, Pakistan, and internationally. The company offers Upwork Marketplace, a human and AI-powered work marketplace that connects businesses with on-demand access to independent talent across a range of categories, including AI-related projects, administrative support, sales and marketing, design and creative, and customer service, as well as web, mobile, and software development. Its marketplace also streamlines workflows, such as talent sourcing, outreach, contracting, and engagement management, as well as provides infrastructure for remote collaboration, including communication and collaboration tools, consolidated invoicing, and payment protection; and Upwork Payroll services. It also offers enterprise solutions that provide access to platform capabilities that support contingent workforce solutions, including sourcing, onboarding, classification, compliance and contract management, payments, and reporting. In addition, the company offers managed services that provide a service-led program management and end-to-end project delivery solution that enables enterprise clients to outsource defined functions or projects; Uma, an AI assistant; and escrow services. The company was formerly known as Elance-oDesk, Inc. and changed its name to Upwork Inc. in May 2015. Upwork Inc. was founded in 1998 and is headquartered in Palo Alto, California.
Risk Metrics
| Beta vs SPX | 1.10 |
|---|---|
| Corr SPX | 0.30 |
| Annual vol | 58.0% |
| Annual ret | +3.0% |
| Sharpe | 0.05 |
| Max DD | -64.5% |
Window: 504 trading days (504 obs)
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-10 | Earnings Release, Exhibits | read |
| 2026-07-16 | Officer / Director Change | read |
| 2026-06-23 | Material Agreement, Material Obligation… | read |
| 2026-06-05 | Officer / Director Change, Shareholder Vote | read |
| 2026-05-07 | Earnings Release, Restructuring… | read |
| 2026-03-18 | Officer / Director Change | read |
| 2026-02-18 | Other Material Event | read |
| 2026-02-09 | Earnings Release, Bylaws Amendment… | read |
| 2025-12-11 | Officer / Director Change | read |
| 2025-11-03 | Earnings Release, Exhibits | read |
| 2025-09-03 | Reg FD Disclosure, Exhibits | read |
| 2025-08-12 | Officer / Director Change, Reg FD Disclosure… | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-07-18 | Kappus Anthony Ray | Officer, GM & Chief Opera | Option exercise | 1.41K | — |
| 2026-07-18 | Kappus Anthony Ray | Officer, GM & Chief Opera | Sell | 558 | $5.05K |
| 2026-06-18 | Mekhalfa Sabrina | Officer, Chief Accounting | Option exercise | 3.58K | — |
| 2026-06-18 | Gessert Erica | Officer, Chief Financial | Sell | 9.17K | $74.73K |
| 2026-06-18 | Brown Hayden | Director, Officer, Presid | Option exercise | 17.73K | — |
| 2026-06-18 | Mekhalfa Sabrina | Officer, Chief Accounting | Sell | 1.28K | $10.40K |
| 2026-06-18 | Gessert Erica | Officer, Chief Financial | Option exercise | 9.70K | — |
| 2026-06-18 | Brown Hayden | Director, Officer, Presid | Option exercise | 28.68K | — |
| 2026-06-18 | Brown Hayden | Director, Officer, Presid | Sell | 23.47K | $191.28K |
| 2026-06-18 | Gessert Erica | Officer, Chief Financial | Option exercise | 8.43K | — |
Flow & Concentration
| Insider 180d net | -$281.47K |
|---|---|
| Insider buys / sells | 0 / 4 |
| Insider bias | Neutral |
| 13F holders | 8 |
| Top-5 share | 83.5% |
| HHI | 1,600 (moderate) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| Capital Research / Capital World | $17.91M | 2.14M |
| Citadel Advisors | $17.47M | 2.09M |
| Millennium Management | $15.49M | 1.85M |
| Renaissance Technologies | $14.05M | 1.68M |
| AQR Capital Management | $9.06M | 1.08M |
| State Street Corp | $8.92M | 9.03M |
| Fidelity / FMR LLC | $5.75M | 687.43K |
| T. Rowe Price Group | $2.00K | 238.85K |
As of 2026-06-30
SEC Filings
The Long Run
FY 2018–2025 · 8 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $787.78M | +21.4% | |
| Gross profit | $518.69M | +17.1% | |
| Operating income | -$11.26M | — | |
| Net income | $115.42M | +56.9% | |
| Cash from ops | $153.56M | +74.3% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $8.08 | $8.23 | $7.98 | $8.15 | 2.81M |
| Sep 24 | $8.15 | $8.26 | $8.04 | $8.07 | 2.51M |
| Sep 23 | $8.35 | $8.40 | $8.13 | $8.18 | 1.98M |
| Sep 22 | $8.54 | $8.57 | $8.17 | $8.35 | 3.12M |
| Sep 21 | $8.37 | $8.49 | $8.32 | $8.37 | 2.27M |
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