Revenue segments as reported by the company.

Marketplace

Managed Services

Enterprise

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Provision for transaction losses

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Upwork Inc

Upwork, Inc. operates an online marketplace that enables businesses to find, hire, and pay freelancers for short-term and longer-term projects. Its marketplace offerings include Upwork Basic, Upwork Plus, Upwork Business, Upwork Enterprise, and Upwork Payroll. The company was founded by Odysseas Tsatalos and Efstratios Karamanlakis in December 2013 and is headquartered in San Francisco, CA.

Earnings data Q1 2021

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Earnings data Q1 2023

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Upwork reports robust Q4 earnings, eyes AI talent market growth

Upwork's Q4 2022 performance showcased revenue growth, strong brand awareness, and expansion in the Enterprise segment. While facing challenges in client acquisition and retention, the company is leveraging opportunities in the AI talent market and organizational restructuring for future success.

Upwork surpasses Q1 revenue expectations, eyes AI for growth

Upwork's Q1 performance exceeded expectations, showcasing growth and profitability initiatives. While facing challenges from macroeconomic uncertainty, the company remains focused on leveraging AI and optimizing Enterprise sales. Opportunities lie in AI-driven efficiency gains and targeting high-value Enterprise segments.

Upwork reports solid Q2 earnings, expands AI services with OpenAI

Upwork's Q2 2023 performance reflects steady revenue growth, operational efficiency, and a strong market presence, underpinned by strategic investments in AI and new client acquisitions.
The company's focus on sustainable profitability, innovative partnerships, and expanding service offerings positions it well for future growth and value creation for shareholders.
While facing challenges in talent scalability and operational balancing, Upwork's proactive approach to addressing these issues and seizing growth opportunities bodes well for its long-term success.

Upwork surpasses Q3 expectations with AI investments driving growth

Upwork's Q3 2023 performance exceeded expectations, driven by AI investments and strong revenue growth. Challenges include macroeconomic uncertainties and balancing margin accretion with growth investments. Opportunities lie in strategic brand investments, sales optimization, and education partnerships to drive growth and strengthen competitiveness.

Upwork reports robust Q4 earnings, eyes AI innovation for growth

Upwork's Q4 2023 performance reflects strong revenue growth, record net income, and successful AI investments and partnerships, positioning the company for future success.
While challenges like revenue moderation and expense optimization exist, opportunities in AI innovation, advertising products, and strategic investments offer avenues for growth.
Overall, Upwork's financial strength, focus on innovation, and confidence in driving profitability and cash flow growth underscore a positive outlook for the company's future.

Upwork reports strong Q1 earnings, eyes AI growth opportunities

Upwork's Q1 2024 showcased robust financial performance, profitability focus, and strategic growth initiatives.
The company's emphasis on AI capabilities, partnerships, and revenue diversification positions it well for sustained growth.
Challenges in AI-related premium wages moderation and client retention strategies require attention for long-term success.

Upwork reports solid Q2 results, focuses on innovation and margin growth

Upwork's Q2 performance showed revenue growth but faced challenges from macroeconomic conditions. The company's strengths lie in its marketplace model, AI-related work success, and high gross margins. Opportunities exist in strategic investments for growth and margin expansion.

Upwork reports robust Q3 earnings, eyes AI growth and efficiency

Upwork's Q3 2024 performance reflects strong revenue growth, operational efficiency, and strategic initiatives to drive client engagement and platform enhancements.
While macroeconomic challenges pose concerns, the company's focus on AI, Business Plus, and cost savings positions it well for sustained growth and innovation.
With increased revenue guidance and a focus on AI capabilities, Upwork is poised to navigate challenges and leverage opportunities for future expansion and success.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Upwork, Inc. is an online marketplace that enables businesses to find, hire, and pay freelancers for short-term and longer-term projects. Its marketplace offerings include Upwork Basic, Upwork Plus, Upwork Business, Upwork Enterprise, and Upwork Payroll. The company was founded by Odysseas Tsatalos and Efstratios Karamanlakis in December 2013 and is headquartered in Palo Alto, CA.

Chipotle

CrowdStrike

Deckers Outdoor

Duolingo

Semrush Holdings

SoFi Technologies

Most millionaires reach that level of wealth by investing their cash into profitable assets. Investments allow your money to work for you, and the growth becomes more pronounced once you get past the first $100,000.

Millionaire Minting Marvels: 7 Growth Stocks to Buy for 10X Gains

Upwork achieved accelerating revenue growth in Q1, versus a sharp deceleration and loss of clients for rival Fiverr. Upwork's stock has declined 30% year to date, which is the result of fears over the impacts of AI. However, the company has amassed enterprise partnerships with the likes of Microsoft and SAP that will help it to remain relevant.

Upwork: Time To Buy This Stock As It Gains Share (Rating Upgrade)

The tech industry has been powering the stock market to all-time highs. If you look at the top holdings in the S&P 500, you will see plenty of tech companies.

3 Tech Stocks to Buy for the Next Bull Run: June 2024

This company rides a powerful tailwind, adding convenience to businesses and workers worldwide.

1 Ridiculously Undervalued Stock Down 82% You Can Buy Now for $10

From a technical perspective, Upwork (UPWK) is looking like an interesting pick, as it just reached a key level of support. UPWK recently overtook the 50-day moving average, and this suggests a short-term bullish trend.

Upwork (UPWK) Just Reclaimed the 50-Day Moving Average

SAN FRANCISCO, May 14, 2024 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's work marketplace that connects businesses with independent talent, today released new research from The Upwork Research Institute revealing the ongoing growth of freelancing among Gen Z professionals along with their shifting priorities, expectations, and motivations for work. A staggering 38% of the U.S. workforce , or 64 million Americans, performed freelance work in 2023.

Gen Z Is Abandoning Conventional 9-to-5 Corporate Jobs for More Diverse, Flexible Careers in Freelancing, According to New Upwork Research

SAN FRANCISCO, May 09, 2024 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent from across the globe, today announced that CFO Erica Gessert will participate in a fireside chat at the Needham Technology, Media & Consumer Conference at The Westin Grand Central Hotel in New York City on Tuesday, May 14, 2024 at 9:45 a.m. PT/12:45 p.m.

Upwork to Present at the Needham Technology, Media & Consumer Conference

Upwork Inc. NASDAQ: UPWK is the largest online freelancer platform in the world, with over 870,000 active clients. The computer and technology sector giant has been making a concentrated push to become a top artificial intelligence (AI) freelance work hub, partnering with OpenAI, GoDaddy Inc. NYSE: GDDY, and Constant Contact.

Upwork Capitalizes on the Growing AI Gig Economy

The average of price targets set by Wall Street analysts indicates a potential upside of 45.4% in Upwork (UPWK). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Does Upwork (UPWK) Have the Potential to Rally 45.37% as Wall Street Analysts Expect?

AECOM

Titan Machinery

Small-cap stocks offer significant benefits to investors, particularly regarding growth potential and access to companies with room for substantial expansion. Unlike large-cap firms constrained by size, small caps can innovate and proliferate, potentially becoming the next major market players.

Shhh! 3 Secret Small-Cap Stocks Flying Below Wall Street's Radar

Start Time: 17:00 January 1, 0000 5:48 PM ET Upwork Inc. (NASDAQ:UPWK ) Q1 2024 Earnings Conference Call May 01, 2024, 17:00 PM ET Company Participants Hayden Brown - President and CEO Erica Gessert - CFO David Niederman - VP, IR Conference Call Participants Matt Condon - JMP Securities Matt Bottomley - Canaccord Eric Sheridan - Goldman Sachs Matt Farrell - Piper Sandler John Byun - Jefferies Jake Hallac - Citi Rohit Kulkarni - ROTH MKM Marvin Fong - BTIG Operator Good day, and thank you for standing by. Welcome to the Upwork Q1 2024 Earnings Conference Call.

Upwork Inc. (UPWK) Q1 2024 Earnings Call Transcript

Against a challenging macro backdrop, freelance work matters more than ever.  And the innovations that support those freelancers have taken on a new prominence.

Upwork Believes AI is the Future of Work

Upwork (UPWK) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to loss of $0.01 per share a year ago.

Upwork (UPWK) Q1 Earnings and Revenues Beat Estimates

First-quarter GAAP Net Income of $18.4 million First-quarter GAAP Diluted EPS of $0.13 First-quarter Adjusted EBITDA of $33.3 million Raises revenue and Adjusted EBITDA outlook for 2024 Establishes five-year Adjusted EBITDA margin target of 35%

Upwork Reports First Quarter 2024 Financial Results

DoorDash

Etsy

Zillow

Here we take a sneak peek at four Internet services stocks, namely, ZG, UPWK, DASH and ETSY, due to report their first-quarter earnings on May 1.

Are These 4 Internet Services Stocks Poised to Hit Q1 Earnings Targets?

Get a deeper insight into the potential performance of Upwork (UPWK) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Countdown to Upwork (UPWK) Q1 Earnings: Wall Street Forecasts for Key Metrics

Upwork's (UPWK) first-quarter performance is expected to have benefited from increased spending from existing customers and an uptick in new clients' roster.

Factors Setting the Tone for Upwork's (UPWK) Q1 Earnings

Upwork (UPWK) closed the most recent trading day at $11.37, moving +1.25% from the previous trading session.

Upwork (UPWK) Rises Higher Than Market: Key Facts

In the closing of the recent trading day, Upwork (UPWK) stood at $11.23, denoting a +0.9% change from the preceding trading day.

Upwork (UPWK) Beats Stock Market Upswing: What Investors Need to Know

Zacks.com users have recently been watching Upwork (UPWK) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Is Most-Watched Stock Upwork Inc. (UPWK) Worth Betting on Now?

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Upwork (UPWK) Is Considered a Good Investment by Brokers: Is That True?

GoDaddy

GoDaddy Will Serve as Upwork's First Web Presence Partner TEMPE, Ariz., April 17, 2024 /PRNewswire/ -- According to Upwork, website design and development as well as graphic design are among the most in-demand services on its work marketplace.

GoDaddy and Upwork Partner to Funnel More Opportunities to Web Designers and Developers

SAN FRANCISCO, Calif., April 17, 2024 (GLOBE NEWSWIRE) -- U pwork (NASDAQ: UPWK), the world's work marketplace that connects businesses with independent talent, today announced Upwork Partners , a new program for companies to establish partnerships with Upwork that highlight skilled independent professionals on Upwork to serve their customers' most pressing business needs, as well as connect freelancers with industry-leading tools that supercharge productivity and improve work quality.

Upwork Premieres New Partner Program to Expand Ecosystem of Companies Transforming How We Work

Crexendo, Inc.

Uber

A rate cut this year would be a tailwind for the capital-intensive Internet - Services industry although the economic slowdown reduces visibility. Crexendo (CXDO), Upwork (UPWK) and Uber (UBER) are worth picking from this very broad-based industry.

3 Picks from the Still-Strong Internet Services Industry

Upwork (UPWK) concluded the recent trading session at $12.10, signifying a +1.85% move from its prior day's close.

News for Upwork Inc Stock (UPWK)