Upwork, Inc

Name: Upwork, Inc standardized financial statements, quarterly
Creator: Listed

UPWKNasdaqCIK 1627475TechnologyFiscal year ends Dec 31

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Standardized line items from XBRL company facts, the last twelve quarters. Negative values are in parentheses. A figure marked d is derived from year-to-date figures.

Income statement

Revenue$191.7m, Q2 FY2026

Operating income$28.1m, Q2 FY2026

Net income$25.4m, Q2 FY2026

Upwork, Inc, income statement, quarterly
Line item	Unit	Q3 FY20232023-09-30	Q4 FY20232023-12-31	Q1 FY20242024-03-31	Q2 FY20242024-06-30	Q3 FY20242024-09-30	Q4 FY20242024-12-31	Q1 FY20252025-03-31	Q2 FY20252025-06-30	Q3 FY20252025-09-30	Q4 FY20252025-12-31	Q1 FY20262026-03-31	Q2 FY20262026-06-30
Revenue	$m	176	184	191	193	194	191	193	195	202	198	195	192
Cost of revenue	$m	43.3	45.9	44.2	43.9	43.4	42.6	41.8	43.4	45.8	43.7	44.6	45.3
Gross profit	$m	132	138	147	149	150	149	151	152	156	155	151	146
Research and development	$m	43.4	46.2	52.9	52.5	50.4	53.5	46.2	44.8	47.5	47.1	43.3	43.9
Operating income	$m	11.5	8.4	13.0	17.8	20.8	13.6	38.7	32.6	29.8	28.3	32.7	28.1
Interest expense	$m	0.7	not reported	not reported	not reported	not reported	not reported	not reported	not reported	not reported	not reported	not reported	not reported
Income tax	$m	0.9	(1.6)	1.3	1.2	1.1	(129)	7.3	5.7	6.3	18.4	6.2	6.7
Net income	$m	16.3	17.4	18.4	22.2	27.8	147	37.7	32.7	29.3	15.6	31.5	25.4
Diluted EPS	$ per share	0.12	not reported	0.13	0.17	0.20	not reported	0.27	0.24	0.21	not reported	0.24	0.20
Basic EPS	$ per share	0.12	not reported	0.14	0.17	0.21	not reported	0.28	0.25	0.22	not reported	0.25	0.21

Balance sheet

Cash and equivalents$476.0m, Q2 FY2026

Long-term debt$360.7m, Q2 FY2026

Shareholders' equity$611.3m, Q2 FY2026

Upwork, Inc, balance sheet, quarterly
Line item	Unit	Q3 FY20232023-09-30	FY20232023-12-31	Q1 FY20242024-03-31	Q2 FY20242024-06-30	Q3 FY20242024-09-30	FY20242024-12-31	Q1 FY20252025-03-31	Q2 FY20252025-06-30	Q3 FY20252025-09-30	FY20252025-12-31	Q1 FY20262026-03-31	Q2 FY20262026-06-30
Cash and equivalents	$m	147	79.6	24.7	183	288	306	304	291	261	294	328	476
Current assets	$m	810	883	848	856	904	911	938	939	949	951	883	909
Total assets	$m	961	1,038	1,001	1,009	1,063	1,212	1,240	1,262	1,311	1,300	1,242	1,274
Current liabilities	$m	253	293	289	285	284	268	275	280	660	650	647	638
Total liabilities	$m	618	656	652	647	651	636	646	653	683	669	672	663
Long-term debt	$m	356	356	357	357	357	358	358	359	0.0	0.0	360	361
Current portion of debt	$m	not reported	not reported	not reported	not reported	not reported	0.0	not reported	not reported	359	360	360	361
Shareholders' equity	$m	343	381	349	361	411	575	594	609	628	630	570	611

Cash flow

Operating cash flow$46.9m, Q2 FY2026

Capital expenditure$1.6m, Q2 FY2026

Share repurchases$1.8m, Q2 FY2026

Upwork, Inc, cash flow, quarterly
Line item	Unit	Q3 FY20232023-09-30	Q4 FY20232023-12-31	Q1 FY20242024-03-31	Q2 FY20242024-06-30	Q3 FY20242024-09-30	Q4 FY20242024-12-31	Q1 FY20252025-03-31	Q2 FY20252025-06-30	Q3 FY20252025-09-30	Q4 FY20252025-12-31	Q1 FY20262026-03-31	Q2 FY20262026-06-30
Operating cash flow	$m	37.0	20.1	14.8	39.2	61.0	38.6	37.0	72.5	75.1	63.7	23.0	46.9
Capital expenditure	$m	0.4	0.1	0.2	0.6	1.2	1.5	2.5	2.4	0.5	0.5	1.7	1.6
Share repurchases	$m	0.0	0.0	66.9	33.1	0.0	0.0	33.1	37.9	31.0	34.0	108	1.8

Diluted shares (weighted)129.96m, Q2 FY2026

Upwork, Inc, shares, quarterly
Line item	Unit	Q3 FY20222022-09-30	Q1 FY20232023-03-31	Q2 FY20232023-06-30	Q3 FY20232023-09-30	Q1 FY20242024-03-31	Q2 FY20242024-06-30	Q3 FY20242024-09-30	Q1 FY20252025-03-31	Q2 FY20252025-06-30	Q3 FY20252025-09-30	Q1 FY20262026-03-31	Q2 FY20262026-06-30
Diluted shares (weighted)	m shares	131	136	134	137	144	138	139	143	140	140	136	130

Shares outstanding: 124.90m at Jul 31, 2026, from the cover of the 10-Q filed Aug 10, 2026.

Source: SEC EDGAR, XBRL company facts. Last ingested by Listed: Oct 24, 2026, 15:44 ET. Listed shows no prices and gives no investment advice.