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 Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 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.

Upwork, Inc. (NASDAQ:UPWK ) Q3 2022 Earnings Conference Call October 26, 2022 5:00 PM ET Company Participants Evan Barbosa - VP, IR Hayden Brown - President and CEO Jeff McCombs - CFO Conference Call Participants Bernie McTernan - Needham & Company Matt Farrell - Piper Sandler Logan Reich - RBC Capital Markets Marvin Fong - BTIG Maria Ripps - Canaccord Genuity John Byun - Jefferies Rohit Kulkarni - MKM Partners Andrew Boone - JMP Securities Operator Good day. And thank you for standing by.

Upwork, Inc. (UPWK) Q3 2022 Earnings Call Transcript

Upwork (UPWK) delivered earnings and revenue surprises of 62.50% and 0.82%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Upwork (UPWK) Reports Q3 Loss, Tops Revenue Estimates

SAN FRANCISCO, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent, as measured by gross services volume (“GSV”), today announced its financial results for the third quarter of 2022. Please visit the Upwork Investor Relations website at investors.upwork.com/financial-information/quarterly-results to view Upwork's third quarter 2022 Shareholder Letter.

Upwork Reports Third Quarter 2022 Financial Results

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Upwork's heavy reinvestments have resulted in the growing number of clients, and strong top-line growth. The lack of operating efficiency is putting pressure on its short-term operating margins.

Upwork: Decent Execution And A Slight Premium In Valuation

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With the fading of the coronavirus pandemic, the inevitable push to the office sparked fundamental interest in gig economy stocks. After enjoying the freedoms of gig life, corporate employees simply don't want to return to business as usual.

7 Gig Economy Stocks Set to Explode in 2023

SAN FRANCISCO, Oct. 04, 2022 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent, as measured by gross services volume (“GSV”), today announced that it will report its financial results for the third quarter of 2022 on Wednesday, October 26, 2022 after market close. The company will host a Q&A conference call to discuss these results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.

Upwork to Report Third Quarter 2022 Financial Results on October 26, 2022

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SAN FRANCISCO--(BUSINESS WIRE)--Today, Upwork, the world's work marketplace, launched its latest brand campaign to address one of the biggest changes in how we work since the invention of the assembly line: the shift away from full-time, in-person work to hybrid workforce models that leverage remote talent. According to Upwork's recent Future Workforce Report, 72% of hiring managers agree that the pandemic increased their comfort with hiring freelance talent. This is taking shape in plans, with

Upwork Unveils New Anthem That Embraces “How We Work Now”

Current CFO Jeff McCombs to remain at Upwork through December 31, 2022;

Upwork Initiates Chief Financial Officer Transition Plan

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The world's largest freelance marketplace platform Upwork. Inc. (NASDAQ: UPWK) shares can't seem to catch a break as they trade down (-52.6%) on the year.

Upwork Shares Stumble into Bargain Territory

Upwork is positioned well in a promising market with solid tailwinds, and management has been successful in revenue expansion. My valuation method shows upside but not enough of a margin of safety.

Upwork: Wait For Better Buying Opportunities

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SAN FRANCISCO--(BUSINESS WIRE)--Upwork (NASDAQ: UPWK), the world's work marketplace, today released its seventh annual “Future Workforce Report.” Reflecting survey data from over 1,000 U.S. hiring managers, the 2022 report finds that businesses are reevaluating longstanding notions around how to access talent as well as resource, construct and scale teams. In particular, businesses are using independent talent to build agility and adapt to economic uncertainty, solve critical talent and skills

Upwork Report Finds U.S Businesses Increasingly Turn to Independent Talent as a Key Workforce Strategy

SAN FRANCISCO, Aug. 15, 2022 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent, as measured by gross services volume (“GSV”), today announced that President and CEO Hayden Brown, Chief Financial Officer Jeff McCombs, and VP of Investor Relations Evan Barbosa will participate in the following upcoming investor conferences:

Upwork to Present at Citi Global Technology and Goldman Sachs 2022 Communacopia + Technology Conferences

Upwork has managed to accelerate its revenue growth in Q2, quashing earlier fears about a slowdown tied to Russia. It continues to build out its platform, successfully introducing a new Client Marketplace Plan and new features like Consultations.

Upwork: Impressive Revenue Acceleration

It seems the market is scared of slowing growth and increased expenses, despite Upwork reporting results that exceeded analysts' expectations.

Here's Why Upwork Stock Fell Today

Upwork, Inc. (NASDAQ:UPWK ) Q2 2022 Earnings Conference Call July 27, 2022 5:00 PM ET Company Participants Evan Barbosa - Vice President of Investor Relations Hayden Brown - President and Chief Executive Officer Jeff McCombs - Chief Financial Officer Conference Call Participants Matthew Farrell - Piper Sandler Maria Ripps - Canaccord Genuity Andrew Boone - JMP Securities Bernie McTernan - Needham & Company Eric Sheridan - Goldman Sachs Nat Schindler - Bank of America Rohit Kulkarni - MKM Partners Logan Reich - RBC Capital Markets Marvin Fong - BTIG Operator Good day and thank you for standing by. Welcome to the Upwork Q2 2022 Earnings Conference Call.

Upwork, Inc. (UPWK) CEO Hayden Brown on Q2 2022 Results - Earnings Call Transcript

Upwork (UPWK) delivered earnings and revenue surprises of 60% and 5.82%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Upwork (UPWK) Reports Q2 Loss, Tops Revenue Estimates

SAN FRANCISCO, July 27, 2022 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent, as measured by gross services volume (“GSV”), today announced its financial results for the second quarter of 2022. Please visit the Upwork Investor Relations website at investors.upwork.com/financial-information/quarterly-results to view Upwork's second quarter 2022 Shareholder Letter.

Upwork Reports Second Quarter 2022 Financial Results

Companies are increasingly using freelance talent to fill gaps or complement their internal resources. Upwork itself makes significant use of freelancers in its operations, with three quarters of its workforce made up of freelancers.

Upwork: Long Growth Runway, But Shares Are Not Cheap

One analyst believes the stock is a buy with 36% upside, but that's not what the market is focusing on.

Why Upwork Stock Plunged Today

SAN FRANCISCO, July 11, 2022 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's largest work marketplace that connects businesses with independent talent, as measured by gross services volume (“GSV”), today announced that President and CEO Hayden Brown and Chief Financial Officer Jeff McCombs will participate in a fireside chat at the Canaccord Genuity 42nd Annual Growth Conference on Thursday, August 11, 2022, at 9:00 a.m.ET/6:00 a.m. PT.

News for Upwork Inc Stock (UPWK)