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UPWK UPWORK, INC

Trailing twelve months to 2026-06-30 · as filed 2026-08-10, not restated
Technology

Scale

Market cap
$1.1bn
Revenue TTM
$787m
Net income TTM
$102m
Free cash flow
$204m
Composite score
81.5
Sector rank
#1973

Valuation

P / E
10.9
EV / EBITDA
5.6
EV / sales
1.1
FCF yield
18.42%
Earnings yield vs 10-yr
4.44pp

Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.

Quality and growth

Net margin
12.9%
EBITDA margin
19.3%
ROE
16.7%
ROIC
33.2%
Revenue growth
1.9%

Insider activity, last 90 days

Net open-market
$-1.11m
Buyers
0
Sellers
4

Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.

What management said

While the execution of these initiatives contributed to Marketplace take rate expansion for the three and six months ended June 30, 2026, GSV and active clients declined during these periods driven by the evolving impact of AI on certain categories of freelance work and on new client acquisition and retention, as well as macroeconomic uncertainty. We expect these headwinds to continue to impact GSV, active clients, and revenue in the remainder of 2026, while our cost reduction efforts are expected to support continued adjusted EBITDA growth, subject to market conditions and execution. …UPWORK, INC, 10-Q, period ended 2026-06-30, filed 2026-08-10

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