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
Vol2.81M
As of25 Sep 2026

The Verdict

Hold

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/E10.45x
Forward P/E5.97x
EV / EBITDA5.25x
P / S (ttm)1.29x
Profit margin12.9%
Return on equity16.7%
Revenue growth-1.7%
Earnings growth-15.9%
Debt / equity62.07

Layer Breakdown

LayerRawContribution
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.

United States · www.upwork.com

Risk Metrics

Beta vs SPX1.10
Corr SPX0.30
Annual vol58.0%
Annual ret+3.0%
Sharpe0.05
Max DD-64.5%

Window: 504 trading days (504 obs)

Material Events

DateEvent8-K
2026-08-10Earnings Release, Exhibitsread
2026-07-16Officer / Director Changeread
2026-06-23Material Agreement, Material Obligation…read
2026-06-05Officer / Director Change, Shareholder Voteread
2026-05-07Earnings Release, Restructuring…read
2026-03-18Officer / Director Changeread
2026-02-18Other Material Eventread
2026-02-09Earnings Release, Bylaws Amendment…read
2025-12-11Officer / Director Changeread
2025-11-03Earnings Release, Exhibitsread
2025-09-03Reg FD Disclosure, Exhibitsread
2025-08-12Officer / Director Change, Reg FD Disclosure…read

Insider Trades

DateInsiderRoleActionSharesValue
2026-07-18Kappus Anthony RayOfficer, GM & Chief OperaOption exercise1.41K—
2026-07-18Kappus Anthony RayOfficer, GM & Chief OperaSell558$5.05K
2026-06-18Mekhalfa SabrinaOfficer, Chief AccountingOption exercise3.58K—
2026-06-18Gessert EricaOfficer, Chief Financial Sell9.17K$74.73K
2026-06-18Brown HaydenDirector, Officer, PresidOption exercise17.73K—
2026-06-18Mekhalfa SabrinaOfficer, Chief AccountingSell1.28K$10.40K
2026-06-18Gessert EricaOfficer, Chief Financial Option exercise9.70K—
2026-06-18Brown HaydenDirector, Officer, PresidOption exercise28.68K—
2026-06-18Brown HaydenDirector, Officer, PresidSell23.47K$191.28K
2026-06-18Gessert EricaOfficer, Chief Financial Option exercise8.43K—

Flow & Concentration

Insider 180d net-$281.47K
Insider buys / sells0 / 4
Insider biasNeutral
13F holders8
Top-5 share83.5%
HHI1,600 (moderate)

Top Holders

HolderValueShares
Capital Research / Capital World$17.91M2.14M
Citadel Advisors$17.47M2.09M
Millennium Management$15.49M1.85M
Renaissance Technologies$14.05M1.68M
AQR Capital Management$9.06M1.08M
State Street Corp$8.92M9.03M
Fidelity / FMR LLC$5.75M687.43K
T. Rowe Price Group$2.00K238.85K

As of 2026-06-30

SEC Filings

DateFormDoc
2026-08-108-Kview
2026-08-1010-Qview
2026-07-214view
2026-07-168-Kview
2026-06-234view
2026-06-234view
2026-06-238-Kview
2026-06-234view
2026-06-084view
2026-06-084view
2026-06-084view
2026-06-084view
2026-06-084view
2026-06-084view
2026-06-084view

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%

Indices

S&P SmallCap 600

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$8.08$8.23$7.98$8.152.81M
Sep 24$8.15$8.26$8.04$8.072.51M
Sep 23$8.35$8.40$8.13$8.181.98M
Sep 22$8.54$8.57$8.17$8.353.12M
Sep 21$8.37$8.49$8.32$8.372.27M

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