For the quarter ending 2026-03-31, UPWK made $195,483K in revenue. $30,846K in net income. Net profit margin of 15.78%.
| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Revenue | 195,483 | 198,409 | 201,730 | 194,939 |
| Cost of revenue | 44,641 | 43,671 | 45,843 | 43,432 |
| Gross profit | 150,842 | 154,738 | 155,887 | 151,507 |
| Research and development | 43,307 | 47,055 | 47,494 | 44,843 |
| Sales and marketing | 37,437 | 36,005 | 34,985 | 36,671 |
| General and administrative | 35,158 | 41,665 | 41,257 | 35,659 |
| Provision for transaction losses | 2,222 | 1,719 | 2,393 | 1,769 |
| Total operating expenses | 118,124 | 126,444 | 126,129 | 118,942 |
| Income from operations | 32,718 | 28,294 | 29,758 | 32,565 |
| Other income, net | 4,992 | 5,757 | 5,917 | 5,878 |
| Income before income taxes | 37,710 | 34,051 | 35,675 | 38,443 |
| Income tax provision | 6,249 | 18,417 | 6,340 | 5,717 |
| Net income | 31,461 | 15,634 | 29,335 | 32,726 |
| Net unrealized holding loss on marketable securities, net | -615 | -113 | 143 | 176 |
| Total comprehensive income | 30,846 | 15,521 | 29,478 | 32,902 |
| Basic EPS | 0.25 | 0.119 | 0.22 | 0.25 |
| Diluted EPS | 0.24 | 0.111 | 0.21 | 0.24 |
| Basic Average Shares | 128,116,000 | 130,562,000 | 131,987,000 | 132,183,000 |
| Diluted Average Shares | 135,656,000 | 139,999,000 | 139,666,000 | 140,198,000 |
UPWORK, INC (UPWK)
UPWORK, INC (UPWK)