The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

UPWK

Concerning the House

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.

United States · www.upwork.com

The Long Run

FY 2018–2025 · 8 years

LineLatestCAGRTrend
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%
Quotation

$8.40

+0.04 (+0.5%)

52w hi$22.11
52w lo$7.84
Vol6.36M
As ofAug 12
The Verdict

Hold

Our score -0.36

Short+0.00
Medium-0.65
Long-0.50

computed 2026-08-12

By the Numbers

Upwork Inc.

Communication Services · Internet Content & Information

Market cap$1.05B
Enterprise value$808.47M
Trailing P/E10.77x
Forward P/E5.77x
EV / EBITDA5.42x
P / S (ttm)1.33x
Profit margin12.9%
Return on equity16.7%
Revenue growth-1.7%
Earnings growth-15.9%
Debt / equity62.07
Risk Metrics
Beta vs SPX1.08
Corr SPX0.30
Annual vol59.2%
Annual ret+6.3%
Sharpe0.11
Max DD-64.5%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.20
Sector-0.03
Technical-0.20
Earnings+0.00
Sentiment+0.38

macro × 1.00 · 2026-08-12

Recent Sessions
DateOpenHighLowCloseVol
Aug 12$8.35$8.49$8.11$8.406.36M
Aug 11$8.04$8.96$7.90$8.3613.70M
Aug 10$9.56$9.91$9.49$9.837.26M
Aug 7$9.62$9.86$9.55$9.673.46M
Aug 6$9.43$9.58$9.26$9.425.51M