UPWORK, INC
Company Stats
- Market Cap
- $1.0B
- as of Sep 30, 2026
- Enterprise Value
- $1.1B
- Shares Outstanding
- 124.9M
- Free Float
- 95.1%
Income Statement
- Revenue
- $787.8M
- Operating Income
- $129.3M
- Net Income
- $115.4M
- EBITDA
- $155.0M
- Revenue Growth, 3Y
- 8.4%
- FCF Margin, 3Y Avg
- 19.3%
- FCF Margin, Worst Year
- 7.5%
Cash Flow
- Free Cash Flow
- $242.5M
- FCF Yield
- 23.8%
- Owner FCF Yield
- 17.4%
Balance Sheet
- Cash & Equivalents
- $294.4M
- Total Debt
- $361.0M
- Net Debt
- $66.6M
- Net Debt / EBITDA
- 0.43x
- EV / EBITDA
- 7.00x
- Net Debt / EBIT
- 0.52x
Returns & Capital
- Share Repurchases
- $136.0M
- Buyback Yield, 3Y Avg
- 7.7%
- SBC, 3Y Avg
- $69.3M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $787.8M | $242.5M | 30.8% |
| FY2024 | $769.3M | $150.0M | 19.5% |
| FY2023 | $689.1M | $52.0M | 7.5% |
| FY2022 | $618.3M | $10.2M | 1.7% |
| FY2021 | $502.8M | $9.8M | 2.0% |
Annual filing data through FY ended December 31, 2025; shares and float as of November 1, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
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