Upwork Inc.
Upwork Inc. (Nasdaq: UPWK) connects businesses with global talent through the Upwork Marketplace and Lifted, its enterprise workforce solutions subsidiary. The Upwork Marketplace matches clients with independent professionals and agencies for freelance, fractional, and other project-based work, and provides tools for… From the company’s description.
Over the twelve months to Sep 30, 2026, Upwork Inc. reported revenue of $771.15M, down 1.2% from a year earlier, and net income of $104.31M. Its operating margin was 16.0%, and operations generated $199.54M in cash. In fiscal 2025, it reported revenue of $787.78M, up 2.4% from fiscal 2024, and net income of $115.42M.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Upwork Inc. does
In the company’s own words
Upwork Inc. (Nasdaq: UPWK) connects businesses with global talent through the Upwork Marketplace and Lifted, its enterprise workforce solutions subsidiary. The Upwork Marketplace matches clients with independent professionals and agencies for freelance, fractional, and other project-based work, and provides tools for sourcing, collaboration, time tracking, invoicing, and payments. Its customers range from entrepreneurs and small businesses to large enterprises, while talent includes independent professionals and agencies. Lifted helps enterprise clients source, contract, manage, and pay contingent workers, offering independent-contractor, agent-of-record, employer-of-record, staff-augmentation, and outsourcing services, as well as managed project delivery. The company uses AI and machine learning in discovery, matching, and work-platform features, including its Uma assistant. Revenue primarily comes from marketplace fees, advertising and monetization products, memberships, and other services, with Lifted generating enterprise revenue through subscriptions, service fees, and managed services. Across more than 180 countries, its platforms enabled $4.0 billion in gross services volume in 2025; it had approximately 630 employees at year-end. Its website is www.upwork.com.
Company details
- Sector
- Industrials
- Industry (SIC)
- Business Services & Software
- Headquarters
- PALO ALTO, CA
- Fiscal year end
- December
- CIK
- 1627475
- SIC
- 7374
Financial performance, year by year
Fiscal 2018–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Upwork Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Upwork Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Upwork Inc.’s bonds, as funds hold them
Funds report holding 1 issues of Upwork Inc.’s debt, $44.40M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 0.25%, maturing 2026 to 2026.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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