See more : Befesa S.A. (BFSAF) Income Statement Analysis – Financial Results
Complete financial analysis of Upwork Inc. (UPWK) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Upwork Inc., a leading company in the Staffing & Employment Services industry within the Industrials sector.
- Datamatics Global Services Limited (DATAMATICS.NS) Income Statement Analysis – Financial Results
- Banca Popolare di Sondrio S.p.A (BPSO.MI) Income Statement Analysis – Financial Results
- Wolford Aktiengesellschaft (WLFDY) Income Statement Analysis – Financial Results
- Technicolor SA (TCLRY) Income Statement Analysis – Financial Results
- Hang Seng Bank Limited (HSNGY) Income Statement Analysis – Financial Results
Upwork Inc. (UPWK)
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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 689.14M | 618.32M | 502.80M | 373.63M | 300.56M | 253.35M | 202.55M | 164.45M |
| Cost of Revenue | 170.45M | 160.40M | 135.51M | 104.27M | 88.14M | 81.46M | 65.44M | 62.58M |
| Gross Profit | 518.69M | 457.92M | 367.29M | 269.36M | 212.42M | 171.90M | 137.11M | 101.87M |
| Gross Profit Ratio | 75.27% | 74.06% | 73.05% | 72.09% | 70.67% | 67.85% | 67.69% | 61.95% |
| Research & Development | 177.36M | 154.55M | 119.08M | 83.47M | 64.03M | 55.49M | 45.60M | 37.90M |
| General & Administrative | 118.93M | 123.95M | 113.08M | 71.52M | 67.33M | 49.34M | 37.33M | 35.45M |
| Selling & Marketing | 220.68M | 246.88M | 183.29M | 133.23M | 95.89M | 72.96M | 53.04M | 37.44M |
| SG&A | 339.61M | 370.83M | 296.38M | 204.74M | 163.22M | 122.30M | 90.38M | 72.88M |
| Other Expenses | 12.98M | 25.15M | 6.05M | 3.56M | 3.91M | -6.14M | -62.00K | -908.00K |
| Operating Expenses | 529.95M | 550.54M | 421.51M | 291.77M | 231.15M | 183.61M | 140.23M | 116.34M |
| Cost & Expenses | 700.40M | 710.94M | 557.01M | 396.04M | 319.29M | 265.07M | 205.68M | 178.91M |
| Interest Income | 0.00 | 3.48M | 1.40M | 291.00K | 1.20M | 0.00 | 0.00 | 0.00 |
| Interest Expense | 1.00M | 4.48M | 2.18M | 778.00K | 1.31M | 2.04M | 960.00K | 858.00K |
| Depreciation & Amortization | 12.72M | 11.14M | 13.81M | 14.03M | 9.45M | 4.95M | 4.19M | 8.46M |
| EBITDA | 1.46M | -81.49M | -40.13M | -7.91M | -5.88M | -12.91M | 1.00M | -6.91M |
| EBITDA Ratio | 0.21% | -11.92% | -7.98% | -2.12% | -1.57% | -5.09% | 0.49% | -4.20% |
| Operating Income | -11.26M | -92.62M | -54.22M | -22.41M | -18.73M | -11.71M | -3.12M | -14.47M |
| Operating Income Ratio | -1.63% | -14.98% | -10.78% | -6.00% | -6.23% | -4.62% | -1.54% | -8.80% |
| Total Other Income/Expenses | 60.14M | 3.28M | -1.90M | -309.00K | 2.10M | -8.18M | -1.02M | -1.77M |
| Income Before Tax | 48.88M | -89.35M | -56.12M | -22.72M | -16.63M | -19.89M | -4.15M | -16.23M |
| Income Before Tax Ratio | 7.09% | -14.45% | -11.16% | -6.08% | -5.53% | -7.85% | -2.05% | -9.87% |
| Income Tax Expense | 1.99M | 536.00K | 122.00K | 150.00K | 28.00K | 15.00K | -22.00K | -1.00K |
| Net Income | 46.89M | -89.89M | -56.24M | -22.87M | -16.66M | -19.91M | -4.12M | -16.23M |
| Net Income Ratio | 6.80% | -14.54% | -11.19% | -6.12% | -5.54% | -7.86% | -2.04% | -9.87% |
| EPS | 0.35 | -0.69 | -0.44 | -0.19 | -0.15 | -0.38 | -0.04 | -0.17 |
| EPS Diluted | 0.34 | -0.69 | -0.44 | -0.19 | -0.15 | -0.38 | -0.04 | -0.17 |
| Weighted Avg Shares Out | 134.77M | 130.52M | 127.16M | 118.70M | 109.81M | 52.33M | 95.93M | 95.93M |
| Weighted Avg Shares Out (Dil) | 137.26M | 130.52M | 127.16M | 118.70M | 109.81M | 52.33M | 95.93M | 95.93M |
Upwork Shares Rise 17% YTD: How Should You Play the Stock?
3 Brilliant Growth Stocks to Buy Now and Hold for the Long Term
Upwork: Disciplined Cost Reduction, Platform Improvements - Buy
Upwork to Present at UBS Global Technology and AI Conference
Surging Earnings Estimates Signal Upside for Upwork (UPWK) Stock
Upwork (UPWK) Now Trades Above Golden Cross: Time to Buy?
Why Upwork Stock Jumped This Week
Companies will hire more as a result of generative AI, says Upwork CEO Hayden Brown
Why Upwork Stock Popped Today
These Analysts Raise Their Forecasts On Upwork Following Strong Earnings
Source: https://incomestatements.info
Category: Stock Reports