UPWK - Upwork Inc Stock Price, Fair Value and News

11.23USD+0.10 (+0.90%)Market Closed

Market Summary

USD11.23+0.10

Market Closed

0.90%

UPWK Alerts

1 major insider sales recently.

UPWK Stock Price

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UPWK RSI Chart

UPWK Valuation

Market Cap

1.5B

Price/Earnings (Trailing)

32.91

Price/Sales (Trailing)

2.24

EV/EBITDA

36.24

Price/Free Cashflow

58.16

UPWK Price/Sales (Trailing)

UPWK Profitability

EBT Margin

7.09%

Return on Equity

12.3%

Return on Assets

4.52%

Free Cashflow Yield

1.72%

UPWK Fundamentals

UPWK Revenue

Revenue (TTM)

689.1M

Rev. Growth (Yr)

13.93%

Rev. Growth (Qtr)

4.67%

UPWK Earnings

Earnings (TTM)

46.9M

Earnings Growth (Yr)

205.3%

Earnings Growth (Qtr)

6.35%

Breaking Down UPWK Revenue

Last 7 days

0.3%

Last 30 days

-8.7%

Last 90 days

-24.0%

Trailing 12 Months

5.9%

How does UPWK drawdown profile look like?

UPWK Financial Health

Current Ratio

3.01

Debt/Equity

0.93

Debt/Cashflow

0.08

UPWK Investor Care

Shares Dilution (1Y)

3.71%

Diluted EPS (TTM)

0.06

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	637.8M	649.6M	666.6M	689.1M
2022	530.5M	563.2M	593.7M	618.3M
2021	404.1M	440.7M	472.1M	502.8M
2020	314.8M	328.1M	346.1M	373.6M
2019	263.1M	274.6M	289.3M	300.6M
2018	215.3M	228.0M	240.7M	253.4M
2017	0	0	183.5M	202.6M
2016	0	0	0	164.4M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Upwork Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 18, 2024	marie olivier	sold	-2,497	11.1981	-223	chief accounting officer
Apr 18, 2024	marie olivier	acquired	-	-	592	chief accounting officer
Mar 18, 2024	marie olivier	acquired	-	-	2,635	chief accounting officer
Mar 18, 2024	marie olivier	sold	-11,798	12.2012	-967	chief accounting officer
Mar 15, 2024	brown hayden	sold	-241,426	12.0713	-20,000	president & ceo
Feb 22, 2024	marie olivier	sold	-19,427	13.03	-1,491	chief accounting officer
Feb 20, 2024	brown hayden	sold	-562,013	12.8566	-43,714	president & ceo
Feb 20, 2024	marie olivier	sold	-14,605	12.8567	-1,136	chief accounting officer
Feb 18, 2024	brown hayden	acquired	-	-	102,596	president & ceo
Feb 18, 2024	marie olivier	acquired	-	-	2,627	chief accounting officer

Which funds bought or sold UPWK recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 19, 2024	Cutler Group LLC / CA	added	581	40,000	48,000	0.02%
Apr 19, 2024	VALLEY NATIONAL ADVISERS INC	sold off	-100	-1,000	-	-%
Apr 19, 2024	New Century Financial Group, LLC	new	-	1,083,020	1,083,020	0.75%
Apr 19, 2024	Sumitomo Mitsui Trust Holdings, Inc.	sold off	-100	-329,995	-	-%
Apr 18, 2024	SeaCrest Wealth Management, LLC	unchanged	-	-17,900	122,600	0.01%
Apr 18, 2024	O'Brien Wealth Partners LLC	unchanged	-	-102,609	481,990	0.11%
Apr 18, 2024	Diversified Trust Co	reduced	-10.04	-62,817	180,381	-%
Apr 16, 2024	Jessup Wealth Management, Inc	sold off	-100	-655,098	-	-%
Apr 15, 2024	Counterpoint Mutual Funds LLC	new	-	141,125	141,125	0.04%
Apr 15, 2024	WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	added	12.01	-14,733	177,893	-%

Are Funds Buying or Selling UPWK?

Are funds buying UPWK calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own UPWK

No. of Funds

UPWK Alerts

1 major insider sales recently.

Unveiling Upwork Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	11.19%	15,226,218	SC 13G/A
Feb 09, 2024	capital international investors	3.4%	4,597,398	SC 13G/A
Jan 26, 2024	blackrock inc.	7.2%	9,768,944	SC 13G/A
Aug 03, 2023	baillie gifford & co	4.92%	6,565,230	SC 13G/A
Jul 10, 2023	vanguard group inc	10.39%	13,862,657	SC 13G/A
Feb 14, 2023	price t rowe associates inc /md/	0.1%	92,022	SC 13G/A
Feb 13, 2023	capital international investors	5.4%	7,150,413	SC 13G
Feb 09, 2023	vanguard group inc	8.46%	11,105,458	SC 13G/A
Feb 01, 2023	blackrock inc.	6.7%	8,750,581	SC 13G/A
Jan 23, 2023	baillie gifford & co	5.18%	6,807,024	SC 13G

Recent SEC filings of Upwork Inc

View All Filings

Date Filed	Form Type	Document
Apr 22, 2024	4	Insider Trading
Mar 20, 2024	4	Insider Trading
Mar 20, 2024	4	Insider Trading
Mar 19, 2024	4	Insider Trading
Mar 18, 2024	144	Notice of Insider Sale Intent
Mar 15, 2024	144	Notice of Insider Sale Intent
Feb 26, 2024	4	Insider Trading
Feb 22, 2024	144	Notice of Insider Sale Intent
Feb 21, 2024	4	Insider Trading
Feb 21, 2024	4	Insider Trading

Peers (Alternatives to Upwork Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ADP	101.2B	18.6B	-0.50%	14.48%	28.45	5.45	7.76%	13.08%
CTAS	67.5B	9.4B	4.01%	44.61%	44.88	7.17	9.34%	15.98%
CPRT	51.3B	4.1B	-7.12%	36.02%	37.8	12.63	10.52%	25.37%
EFX	27.1B	5.4B	-17.14%	7.95%	48.51	5.05	5.76%	-4.95%
BAH	18.6B	10.3B	-3.11%	44.49%	45.33	1.8	13.90%	-5.05%
ALLE	11.0B	3.7B	-6.50%	21.76%	20.32	3.01	11.58%	17.98%
MID-CAP
RHI	7.5B	6.4B	-10.10%	-2.46%	18.3	1.18	-11.68%	-37.51%
AL	5.5B	2.7B	2.61%	25.89%	8.95	2.05	15.87%	733.47%
SRCL	4.7B	2.7B	-2.67%	21.20%	-221.6	1.77	-1.68%	-137.70%
ABM	2.8B	8.2B	1.76%	5.08%	10.93	0.34	3.98%	33.49%
SMALL-CAP
AZZ	1.9B	2.7B	-2.00%	93.42%	21.53	0.69	104.63%	175.67%
ALTG	375.0M	1.9B	-10.42%	-18.36%	42.13	0.2	19.40%	-4.30%
ARC	114.6M	281.2M	0.37%	-12.70%	13.92	0.41	-1.68%	-25.77%
AQMS	54.9M	1.1M	2.08%	-52.88%	-2.29	49.78	336.95%	-55.13%
AWX	8.4M	80.5M	-10.74%	-18.12%	-4.68	0.1	-0.82%	-207.00%

Upwork Inc News

Latest updates

Upwork Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	4.7%	183,934	175,733	168,611	160,858	161,442	158,641	156,898	141,337	136,856	128,141	124,181	113,619	106,153	96,748	87,531	83,196	78,596	78,786	74,256	68,924	67,342
Gross Profit	4.2%	138,066	132,460	127,729	120,431	120,283	118,171	116,041	103,421	99,805	93,208	91,098	83,178	77,375	70,152	62,123	59,711	57,351	55,521	52,195	47,351	46,462
Operating Expenses	7.1%	129,638	120,994	133,845	145,469	140,765	143,613	139,089	127,073	121,613	101,525	107,493	90,875	76,719	73,181	73,107	68,762	64,227	59,213	55,094	52,616	49,160
S&GA Expenses	4.2%	49,304	47,308	59,069	65,000	62,786	63,171	63,283	57,642	54,681	43,192	45,817	39,604	34,530	33,577	34,440	30,678	25,572	25,322	24,479	20,518	17,909
R&D Expenses	6.4%	46,217	43,419	43,246	44,481	41,664	38,898	35,830	38,161	33,473	30,873	28,124	26,613	22,743	20,833	20,547	19,348	16,322	16,209	15,696	15,800	14,808
EBITDA Margin	174.3%	0.07*	0.03*	-0.03*	-0.07*	-0.14*	-0.15*	-0.14*	-0.13*	-0.11*	-0.07*	-0.06*	-0.05*	-0.06*	-0.08*	-0.09*	-0.06*	-0.05*	-	-	-	-
Interest Expenses	-269.3%	-1,204	711	713	1,101	-1,821	1,117	1,120	1,125	-682	746	110	199	138	152	258	230	259	317	357	373	364
Income Taxes	-274.0%	-1,557	895	1,857	795	440	40.00	27.00	29.00	63.00	26.00	16.00	17.00	93.00	18.00	30.00	9.00	-	-	27.00	1.00	6.00
Earnings Before Taxes	-8.2%	15,817	17,232	-2,134	17,962	-16,060	-24,787	-23,793	-24,709	-22,493	-9,285	-16,522	-7,818	1,018	-2,729	-10,994	-10,012	-5,501	-3,547	-2,424	-5,159	-5,359
EBT Margin	178.1%	0.07*	0.03*	-0.04*	-0.07*	-0.14*	-0.16*	-0.14*	-0.14*	-0.11*	-0.07*	-0.06*	-0.05*	-0.06*	-0.08*	-0.09*	-0.07*	-0.06*	-	-	-	-
Net Income	6.3%	17,374	16,337	-3,991	17,167	-16,500	-24,827	-23,820	-24,738	-22,556	-9,311	-16,538	-7,835	925	-2,747	-11,024	-10,021	-5,501	-3,547	-2,451	-5,160	-5,365
Net Income Margin	248.6%	0.07*	0.02*	-0.04*	-0.08*	-0.15*	-0.16*	-0.14*	-0.14*	-0.11*	-0.07*	-0.06*	-0.05*	-0.06*	-0.08*	-0.09*	-0.07*	-0.06*	-	-	-	-
Free Cashflow	-115.0%	-5,473	36,529	4,332	-8,859	8,100	9,735	-855	-11,669	-12,910	20,633	280	1,806	8,843	6,167	4,025	-2,990	-1,465	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	7.9%	1,038	961	931	918	1,080	1,079	1,094	1,100	1,081	1,094	569	560	529	502	489	482	446	430	449	434	392
Current Assets	9.1%	883	810	780	768	931	930	944	950	930	940	412	394	361	332	318	313	281	286	306	296	256
Cash Equivalents	-45.8%	80.00	147	154	102	129	331	328	322	187	777	300	269	232	220	209	192	160	189	188	172	230
Net PPE	1.8%	27.00	27.00	25.00	23.00	22.00	21.00	21.00	21.00	21.00	22.00	24.00	28.00	28.00	28.00	27.00	25.00	21.00	21.00	19.00	13.00	11.00
Goodwill	0%	118	118	118	118	118	118	118	118	118	118	118	118	118	118	118	118	118	118	118	118	118
Liabilities	6.1%	656	618	624	629	831	837	848	851	822	830	261	255	230	220	219	223	187	167	191	190	148
Current Liabilities	15.8%	293	253	255	257	248	252	263	263	234	242	232	226	199	186	183	186	149	149	173	171	128
Long Term Debt	0.1%	356	356	355	355	564	564	563	562	561	561	1.00	1.00	3.00	5.00	7.00	9.00	11.00	13.00	14.00	16.00	18.00
LT Debt, Current	-	-	-	-	-	-	-	-	-	-	-	6.00	8.00	8.00	8.00	8.00	23.00	8.00	8.00	33.00	33.00	6.00
LT Debt, Non Current	0.1%	356	356	355	355	564	564	563	562	561	561	1.00	1.00	3.00	5.00	7.00	9.00	11.00	13.00	14.00	16.00	18.00
Shareholder's Equity	11.1%	381	343	307	289	249	243	246	249	260	265	309	306	299	282	270	259	259	249	245	232	244
Retained Earnings	5.6%	-294	-311	-327	-323	-340	-324	-299	-275	-251	-228	-219	-202	-194	-195	-193	-181	-171	-153	-150	-148	-143
Additional Paid-In Capital	3.1%	675	655	636	614	593	572	551	529	511	493	528	508	494	477	463	441	431	416	408	392	387
Shares Outstanding	0.9%	137	136	135	133	132	131	130	129	127	128	126	125	119	-	119,268	114,867	-	-	-	-	-
Float	-	-	-	1,155	-	-	-	2,475	-	-	-	6,809	-	-	-	1,533	-	-	-	1,174	-	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-114.4%	-5,339	36,952	4,309	-8,701	8,455	10,026	-446	-11,476	-12,448	20,864	544	1,876	8,953	6,750	8,364	-1,702	-943	29,827	1,569	-29,395	21,934
Share Based Compensation	1.3%	18,047	17,811	18,437	19,900	19,382	20,404	18,980	16,735	27,746	900	900	11,226	5,981	6,856	7,134	5,537	7,940	3,932	2,631	4,295	4,694
Cashflow From Investing	-40.2%	-63,435	-45,238	44,807	152,136	-37,035	10,736	11,874	-55,043	-402,866	-56,732	22,962	7,656	-11,154	-58.00	4,142	2,924	-27,190	-2,350	5,143	-76,527	-2,479
Cashflow From Financing	2623.5%	36,005	1,322	400	-152,031	-6,868	-18,188	-4,916	36,054	-9,236	512,306	7,605	27,064	14,957	3,967	4,611	31,106	-770	-26,968	9,477	47,663	94,053

UPWK Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Revenue	$ 689,136	$ 618,318	$ 502,797
Cost of revenue	170,450	160,402	135,508
Gross profit	518,686	457,916	367,289
Operating expenses
Research and development	177,363	154,553	119,083
Sales and marketing	220,681	246,882	183,294
General and administrative	118,925	123,952	113,081
Provision for transaction losses	12,977	25,153	6,048
Total operating expenses	529,946	550,540	421,506
Loss from operations	(11,260)	(92,624)	(54,217)
Other income (expense), net	60,137	3,275	(1,901)
Total income (loss) before income taxes	48,877	(89,349)	(56,118)
Income tax provision	(1,990)	(536)	(122)
Net income (loss)	$ 46,887	$ (89,885)	$ (56,240)
Net income (loss) per share:
Basic (in dollars per share)	$ 0.35	$ (0.69)	$ (0.44)
Diluted (in dollars per share)	$ 0.06	$ (0.69)	$ (0.44)
Weighted-average shares used to compute net income (loss) per share, basic and diluted
Basic (in shares)	134,774,189	130,517,920	127,163,591
Diluted (in shares)	137,263,230	130,517,920	127,163,591
Other comprehensive income (loss), net of tax:
Net unrealized holding gain (loss) on marketable securities, net	$ 3,290	$ (2,557)	$ (547)
Total comprehensive income (loss)	$ 50,177	$ (92,442)	$ (56,787)

UPWK Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 79,641	$ 129,384
Marketable securities	470,457	557,230
Funds held in escrow, including funds in transit	212,387	161,457
Trade and client receivables – net of allowance of $5,141 and $12,464 as of December 31, 2023 and 2022, respectively	103,061	64,888
Prepaid expenses and other current assets	17,825	17,947
Total current assets	883,371	930,906
Property and equipment, net	27,140	22,063
Goodwill	118,219	118,219
Intangible assets, net	3,048	0
Operating lease asset	4,333	7,603
Other assets, noncurrent	1,430	1,454
Total assets	1,037,541	1,080,245
Current liabilities
Accounts payable	5,063	7,549
Escrow funds payable	212,387	161,457
Accrued expenses and other current liabilities	58,192	53,611
Deferred revenue	17,361	25,075
Total current liabilities	293,003	247,692
Debt, noncurrent	356,087	564,261
Operating lease liability, noncurrent	6,088	11,177
Other liabilities, noncurrent	1,288	8,236
Total liabilities	656,466	831,366
Commitments and contingencies (Note 6)
Stockholders’ equity
Common stock, $0.0001 par value; 490,000,000 shares authorized as of December 31, 2023 and 2022; 137,272,754 and 132,368,265 shares issued and outstanding as of December 31, 2023 and 2022, respectively	14	13
Additional paid-in capital	674,918	592,900
Accumulated other comprehensive income (loss)	205	(3,085)
Accumulated deficit	(294,062)	(340,949)
Total stockholders’ equity	381,075	248,879
Total liabilities and stockholders’ equity	$ 1,037,541	$ 1,080,245

About Upwork Inc

Upwork Inc., together with its subsidiaries, operates a work marketplace that connects businesses with various independent professionals and agencies in the United States, India, the Philippines, and internationally. The company's work marketplace provides access to talent with various skills across a range of categories, including sales and marketing, customer service, data science and analytics, design and creative, web, mobile, and software development. Its work marketplace also enables clients to streamline workflows, such as talent sourcing, outreach, and contracting. The company's work marketplace offers access to various functionalities for remote engagements with talent, including communication and collaboration, ability to receive talent invoices through their work marketplace, and payment protection. Its marketplace offerings include Upwork Basic, Upwork Plus, Upwork Enterprise, and Upwork Payroll, as well as managed and internet escrow agency services. The company was formerly known as Elance-oDesk, Inc. and changed its name to Upwork Inc. in May 2015. Upwork Inc. was incorporated in 2013 and is headquartered in San Francisco, California.

CEO	Ms. Hayden Brown
WEBSITE	upwork.com
INDUSTRY	Information Technology Services
EMPLOYEES	850

Upwork Inc Frequently Asked Questions

What is the ticker symbol for Upwork Inc? What does UPWK stand for in stocks?

UPWK is the stock ticker symbol of Upwork Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Upwork Inc (UPWK)?

As of Mon Apr 22 2024, market cap of Upwork Inc is 1.54 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of UPWK stock?

You can check UPWK's fair value in chart for subscribers.

What is the fair value of UPWK stock?

You can check UPWK's fair value in chart for subscribers. The fair value of Upwork Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Upwork Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for UPWK so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Upwork Inc a good stock to buy?

The fair value guage provides a quick view whether UPWK is over valued or under valued. Whether Upwork Inc is cheap or expensive depends on the assumptions which impact Upwork Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for UPWK.

What is Upwork Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon Apr 22 2024, UPWK's PE ratio (Price to Earnings) is 32.91 and Price to Sales (PS) ratio is 2.24. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. UPWK PE ratio will change depending on the future growth rate expectations of investors.