Upwork Inc.(UPWK) Stock Research - Grey Stern Research

Upwork Inc. (UPWK) Stock Analysis

$10.31 (0.39%)

UPWK Financial Performance


Use the table below to view Upwork Inc.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q2 - 2024

Metric Value Ranking among Peers
Price $10.27 -
52 Week Low $8.43 -
52 Week High $16.36 -
Market Cap $1.4 Billion 7/13
Gross Margin 77% 2/13
Profit Margin 12% 3/13
EBITDA margin 9% 5/13
Q2 - 2024 Revenue $193.1 Million 11/13
Q2 - 2024 Earnings $22.2 Million 6/13
Q2 - 2024 Free Cash Flow $36.7 Million 5/13
Trailing 4 Quarters Revenue $743.7 Million 11/13
Trailing 4 Quarters Earnings $74.4 Million 6/13
Quarterly Earnings Growth 657% 1/13
Annual Earnings Growth 57% 1/13
Quarterly Revenue Growth 15% 1/13
Annual Revenue Growth 14% 1/13
Cash On Hand $182.8 Million 8/13
Short Term Debt $0 11/13
Long Term Debt $361.8 Million 7/13

Upwork Inc. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Upwork Inc.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 18.23 9/13
PS 1.82 3/13
PB 3.75 6/13
PC 7.42 8/13
Liabilities to Equity 1.79 5/13
ROA 0.07 6/13
ROE 0.21 5/13
Current Ratio 1.56 9/13
Quick Ratio 0.77 1/13
Long Term Debt to Equity 1.00 4/13
Debt to Equity 1.00 4/13
Burn Rate -23.60 12/13
Cash to Cap 0.13 6/13
CCR 1.65 4/13
EV to EBITDA 86.31 2/13
EV to Revenue 2.06 4/13

Company Details

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: https://www.upwork.com

Address: 2625 AUGUSTINE DRIVE, SUITE 601 Santa Clara, CALIFORNIA

Exchange: NASDAQ Global Select

Industry: Staffing & Employment Services

Upwork Inc. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Upwork Inc.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Paychex, Inc. PAYX $50.6 Billion
Robert Half International Inc. RHI $6.9 Billion
ManpowerGroup Inc. MAN $3.4 Billion
TriNet Group, Inc. TNET $4.8 Billion
TrueBlue, Inc. TBI $224.0 Million
Heidrick & Struggles International, Inc. HSII $772.3 Million
Korn Ferry KFY $3.8 Billion
Kforce Inc. KFRC $1.1 Billion
Insperity, Inc. NSP $3.2 Billion
Kelly Services, Inc. KELYA $745.3 Million
HireQuest, Inc. HQI $189.4 Million
HireRight Holdings Corporation HRT $967.2 Million
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
UPWK Income Statements
Quarter Year Revenue Earnings
Q2 2024 $ 193.1 Million $22.2 Million
Q1 2024 $ 190.9 Million $18.4 Million
Q4 2023 $ 183.9 Million $17.4 Million
Q3 2023 $ 175.7 Million $16.3 Million
Q2 2023 $ 168.6 Million -$4.0 Million
Q1 2023 $ 160.9 Million $17.2 Million
Q4 2022 $ 161.4 Million -$16.5 Million
Q3 2022 $ 158.6 Million -$24.8 Million

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UPWK Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q2 2024 $182.8 Million $1.0 Billion $361.8 Million $361.1 Million
Q1 2024 $24.7 Million $1.0 Billion $366.8 Million $348.9 Million
Q4 2023 $83.2 Million $1.0 Billion $367.9 Million $381.1 Million
Q3 2023 $146.8 Million $961.4 Million $362.6 Million $342.9 Million
Q2 2023 $154.1 Million $930.6 Million $370.0 Million $306.9 Million
Q1 2023 $102.0 Million $918.1 Million $371.0 Million $289.0 Million
Q4 2022 $129.4 Million $1.1 Billion $581.9 Million $248.9 Million
Q3 2022 $156.4 Million $1.1 Billion $576.1 Million $242.6 Million

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UPWK Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q2 2024 $36.7 Million -$598,000 $153.9 Million
Q1 2024 $3.0 Million -$2.7 Million -$58.6 Million
Q4 2023 -$16.3 Million -$6.6 Million -$63.6 Million
Q3 2023 $33.4 Million -$3.5 Million -$7.0 Million
Q2 2023 $963,000 -$3.3 Million $49.5 Million
Q1 2023 -$11.6 Million -$2.9 Million -$8.6 Million
Q4 2022 $5.8 Million -$2.7 Million -$35.4 Million
Q3 2022 $12.6 Million $2.5 Million $2.6 Million

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