Upwork Inc. (formerly Elance-oDesk) is an American freelancing platform headquartered in Santa Clara and San Francisco, California. The company was formed in 2013 as Elance-oDesk after the merger of Elance Inc. and oDesk Corp. The merged company was subsequently rebranded as Upwork in 2015.
| trading_symbol | registrant_name | time | price | change | percentage_change |
|---|---|---|---|---|---|
| UPWK | UPWORK, INC | 2025-10-16 18:55:13 | 16.64 | -0.1 | -0.6 |
| trading_symbol | central_index_key | registrant_name | isin_number | lei_number | ein_number | exchange | sic_code | sic_description | fiscal_year_end | state_of_incorporation | address_street | address_city | address_state | address_zip_code | address_country | address_country_code | phone_number | mailing_address | business_address | former_name | industry | founding_date | chief_executive_officer | number_of_employees | website | market_cap | shares_issued | shares_outstanding | description | update_time |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| UPWK | 0001627475 | UPWORK, INC | US91688F1049 | 5493004QJ6WWBXVE2S70 | 464337682 | Nasdaq | 7374 | Services-Computer Processing & Data Preparation | 1231 | DE | 530 LYTTON AVENUE, SUITE 301 | PALO ALTO | CA | 94301 | UNITED STATES | US | 650-316-7500 | 3490 S 4400 W #70008, WEST VALLEY CITY, UT, 84120 | 530 LYTTON AVENUE, SUITE 301, PALO ALTO, CA, 94301 | Upwork Inc. | Freelance marketplace | 1999 | Hayden Brown | — | — | 1,316,960,538 | 132,506,031 | 132,606,579 | Upwork Inc. (formerly Elance-oDesk) is an American freelancing platform headquartered in Santa Clara and San Francisco, California. The company was formed in 2013 as Elance-oDesk after the merger of Elance Inc. and oDesk Corp. The merged company was subsequently rebranded as Upwork in 2015. | 2025-10-10 20:43:33 |
| Fiscal Year | Market Cap | Change In Market Cap | Percentage Change In Market Cap | Shares Outstanding | Change In Shares Outstanding | Percentage Change In Shares Outstanding |
|---|---|---|---|---|---|---|
| 2024 | 1,316,960,538 | 161,606,667 | 13.9876 | 135,459,615 | -1,932,905 | -1.4068 |
| 2023 | 1,155,353,871 | -1,319,691,313 | -53.3199 | 137,392,520 | 4,916,711 | 3.7114 |
| 2022 | 2,475,045,184 | -4,334,032,151 | -63.6508 | 132,475,809 | 3,260,184 | 2.5231 |
| Executive Name | Executive Position | Fiscal Year | Salary | Bonus | Stock Awards | Incentive Plan Compensation | Other Compensation | Total Compensation |
|---|---|---|---|---|---|---|---|---|
| Hayden Brown | Chief Executive Officer, President | 2024 | 595,000 | — | 8,554,496 | 761,600 | 20,813 | 9,931,909 |
| Erica Gessert | Chief Financial Officer | 2024 | 572,917 | — | 3,254,415 | 607,787 | 5,606 | 4,440,725 |
| Erica Gessert | Chief Financial Officer | 2023 | 375,833 | 0 | 4,950,000 | 183,467 | 5,619 | 5,514,919 |
| Hayden Brown | Chief Executive Officer, President | 2023 | 570,000 | 0 | 8,594,663 | 307,800 | 35,678 | 9,508,141 |
| Jeff Mccombs | Chief Financial Officer | 2022 | 500,000 | 0 | 4,885,312 | 0 | 284,675 | 5,669,987 |
| Fiscal Year | Employee Count |
|---|---|
| 2024 | 600 |
| 2023 | 800 |
| 2022 | 850 |
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | 769,325,000 | 689,136,000 | 618,318,000 |
| Cost Of Revenue | 174,094,000 | 170,450,000 | 160,402,000 |
| Gross Profit | 595,231,000 | 518,686,000 | 457,916,000 |
| Research And Development Expenses | 209,283,000 | 177,363,000 | 154,553,000 |
| General And Administrative Expenses | 128,803,000 | 118,925,000 | 123,952,000 |
| Operating Expenses | 530,025,000 | 529,946,000 | 550,540,000 |
| Operating Income | 65,206,000 | -11,260,000 | -92,624,000 |
| Net Income | 215,586,000 | 46,887,000 | -89,885,000 |
| Earnings Per Share Basic | 1.61 | 0.35 | -0.69 |
| Earnings Per Share Diluted | 1.52 | 0.06 | -0.69 |
| Weighted Average Shares Outstanding Basic | 133,621,000 | 134,774,000 | 130,518,000 |
| Weighted Average Shares Outstanding Diluted | 143,152,000 | 137,263,000 | 130,518,000 |
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Cash And Cash Equivalents | 305,757,000 | 79,641,000 | 129,384,000 |
| Marketable Securities Current | 316,344,000 | 470,457,000 | 557,230,000 |
| Accounts Receivable | 75,490,000 | 103,061,000 | 64,888,000 |
| Inventories | — | — | — |
| Non Trade Receivables | — | — | — |
| Other Assets Current | — | — | — |
| Total Assets Current | 911,054,000 | 883,371,000 | 930,906,000 |
| Marketable Securities Non Current | — | — | — |
| Property Plant And Equipment | 30,056,000 | 27,140,000 | 22,063,000 |
| Other Assets Non Current | 1,919,000 | 1,430,000 | 1,454,000 |
| Total Assets Non Current | 300,559,000 | 154,170,000 | 149,339,000 |
| Total Assets | 1,211,613,000 | 1,037,541,000 | 1,080,245,000 |
| Accounts Payable | 6,128,000 | 5,063,000 | 7,549,000 |
| Deferred Revenue | 7,269,000 | 17,361,000 | 25,075,000 |
| Short Term Debt | — | — | — |
| Other Liabilities Current | — | — | — |
| Total Liabilities Current | 268,433,000 | 293,003,000 | 247,692,000 |
| Long Term Debt | 357,928,000 | 356,087,000 | 564,261,000 |
| Other Liabilities Non Current | 308,000 | 1,288,000 | 8,236,000 |
| Total Liabilities Non Current | 367,803,000 | 363,463,000 | 583,674,000 |
| Total Liabilities | 636,236,000 | 656,466,000 | 831,366,000 |
| Common Stock | 14,000 | 14,000 | 13,000 |
| Retained Earnings | -78,476,000 | -294,062,000 | -340,949,000 |
| Accumulated Other Comprehensive Income | 264,000 | 205,000 | -3,085,000 |
| Total Shareholders Equity | 575,377,000 | 381,075,000 | 248,879,000 |
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Depreciation And Amortization | 14,813,000 | 2,900,000 | 3,200,000 |
| Share Based Compensation Expense | 68,391,000 | 74,195,000 | 75,501,000 |
| Other Non Cash Income Expense | — | — | 0 |
| Change In Accounts Receivable | 4,802,000 | 47,663,000 | 20,230,000 |
| Change In Inventories | — | — | — |
| Change In Non Trade Receivables | — | — | — |
| Change In Other Assets | — | — | — |
| Change In Accounts Payable | 969,000 | -2,513,000 | 2,579,000 |
| Change In Other Liabilities | — | — | — |
| Cash From Operating Activities | 153,563,000 | 27,221,000 | 6,559,000 |
| Purchases Of Marketable Securities | 362,322,000 | 709,214,000 | 581,887,000 |
| Sales Of Marketable Securities | 41,775,000 | 165,035,000 | 521,152,000 |
| Acquisition Of Property Plant And Equipment | 3,528,000 | 692,000 | 1,248,000 |
| Acquisition Of Business | 14,333,000 | — | — |
| Other Investing Activities | — | — | — |
| Cash From Investing Activities | 137,568,000 | 88,270,000 | -69,468,000 |
| Tax Withholding For Share Based Compensation | — | — | — |
| Payments Of Dividends | — | — | — |
| Issuance Of Common Stock | 4,795,000 | 4,081,000 | 3,794,000 |
| Repurchase Of Common Stock | 100,000,000 | — | — |
| Issuance Of Long Term Debt | — | — | — |
| Repayment Of Long Term Debt | — | — | — |
| Other Financing Activities | — | — | — |
| Cash From Financing Activities | -81,956,000 | -114,304,000 | 6,082,000 |
| Change In Cash | 209,175,000 | 1,187,000 | -56,827,000 |
| Cash At End Of Period | 305,757,000 | 79,641,000 | 129,384,000 |
| Income Taxes Paid | 4,590,000 | 1,982,000 | — |
| Interest Paid | 920,000 | 1,321,000 | 1,541,000 |
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Earnings Per Share | 1.61 | 0.35 | -0.69 |
| Price To Earnings Ratio | 10.1553 | 42.4857 | -15.1304 |
| Earnings Growth Rate | 360 | -150.7246 | 56.8182 |
| Price Earnings To Growth Ratio | 0.0282 | -0.2819 | -0.2663 |
| Book Value Per Share | 4.306 | 2.8275 | 1.9069 |
| Price To Book Ratio | 3.797 | 5.259 | 5.475 |
| Ebitda | 237,750,000 | 76,169,000 | -82,202,000 |
| Enterprise Value | 2,236,874,350 | 2,280,535,380 | 1,797,484,920 |
| Dividend Yield | — | — | — |
| Dividend Payout Ratio | — | — | — |
| Debt To Equity Ratio | 0.6221 | 0.9344 | 2.2672 |
| Capital Expenditures | 17,729,000 | 7,977,000 | 3,934,000 |
| Free Cash Flow | 135,834,000 | 19,244,000 | 2,625,000 |
| Return On Equity | 0.3747 | 0.123 | -0.3612 |
| One Year Beta | 1.1174 | 1.9034 | 1.9163 |
| Three Year Beta | 1.7777 | 1.9254 | 1.104 |
| Five Year Beta | 1.1645 | 1.1568 | 1.1023 |
| Insider Name | Relationship To Issuer | Transaction Date | Amount Of Securities | Acquired Or Disposed | Securities Owned Following Transaction |
|---|---|---|---|---|---|
| Brown Hayden | Director, President & CEO | 2025-09-19 | 20,000 | D | 1,082,358 |
| Bottoms Dave | GM, Marketplace | 2025-09-19 | 10,014 | D | 345 |
| Brown Hayden | Director, President & CEO | 2025-09-18 | 20,000 | D | 1,078,291 |
| Brown Hayden | Director, President & CEO | 2025-09-18 | 17,734 | A | 1,096,025 |
| Brown Hayden | Director, President & CEO | 2025-09-18 | 28,677 | A | 1,124,702 |
| Investor Name | Period Of Report | Market Value | Amount Of Securities | Price Per Security |
|---|---|---|---|---|
| Financial Management Professionals, Inc. | 2025-09-30 | 29,341 | 1,580 | 18.5703 |
| CWM, LLC | 2025-09-30 | 142,000 | 7,622 | 18.6303 |
| Pacer Advisors, Inc. | 2025-09-30 | 9,810,735 | 528,311 | 18.57 |
| Inspire Investing, LLC | 2025-09-30 | 1,008,295 | 54,297 | 18.57 |
| HARBOR CAPITAL ADVISORS, INC. | 2025-09-30 | 515,000 | 27,751 | 18.5579 |
| Registrant Name | Period Of Report | Fund Name | Fund Symbol | Amount Of Units | Value In Usd | Percentage Value Compared To Assets |
|---|---|---|---|---|---|---|
| Pacer Funds Trust | 2025-07-31 | Pacer US Small Cap Cash Cows ETF | CALF | 638,764 | 7,639,617.44 | 0.1909 |
| AMERICAN PENSION INVESTORS TRUST | 2025-07-31 | Institutional Class | YOVIX | 21,900 | 261,924 | 0.851 |
| AMERICAN PENSION INVESTORS TRUST | 2025-07-31 | Class L | YOVLX | 21,900 | 261,924 | 0.851 |
| AMERICAN PENSION INVESTORS TRUST | 2025-07-31 | Class A | YOVAX | 21,900 | 261,924 | 0.851 |
| Grandeur Peak Global Trust | 2025-07-31 | Investor Class | GPROX | 26,920 | 321,963.2 | 0.2567 |