UPWORK, INC(UPWK)— Stock Profile, AI Score & Financials
Technology · Nasdaq · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
UPWORK, INC (UPWK) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores UPWK at 56.8/100 on a 32-signal composite quality model, placing it at rank #1,137 of 2,960 stocks — the top half of the AI-ranked universe. UPWK scores in the top quartile across balance sheet strength (80.8), free cash flow (79.9). Areas of concern include institutional flow (28.3) and revenue growth (38.6), which score below median versus the broader universe. Shareholder dilution risk is elevated at 18.3/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), UPWORK, INC reports quarterly revenue of $191.7M, net income of $25.4M, an operating margin of 14.7%. Top institutional holders of UPWK by reported 13-F value include BlackRock, CAMDEN ASSET MANAGEMENT L P, TENOR CAPITAL MANAGEMENT , L.P., based on the most recent SEC filings. UPWK trades on the Nasdaq exchange and files with the SEC under CIK 1627475. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate UPWK daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for UPWORK, INC directly from SEC EDGAR.
AI Quality Score
56.8/100
AI Rank
#1,137
Revenue
$191.7M
Net Income
$25.4M
Free Cash Flow
$45.3M
Operating Margin
14.7%
UPWK key financials by period
UPWORK, INC reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$787.8M
$115.4M
16.4%
FY 2024
10-K
$769.3M
$215.6M
8.5%
FY 2023
10-K
$689.1M
$46.9M
-1.6%
FY 2022
10-K
$618.3M
$-89.9M
-15.0%
FY 2021
10-K
$502.8M
$-56.2M
-10.8%
FY 2020
10-K
$373.6M
$-22.9M
-6.0%
Institutions holding UPWK
Institutional investors reporting a position in UPWORK, INC on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-05-07 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Total revenue grew 1% YoY to $195.5M; Marketplace revenue up 3% to $170.7M on take-rate expansion, but Enterprise revenue declined 6% to $24.8M as company prioritized Lifted transition.
Biggest Revenue Drivers
Marketplace$170.7M+3% YoY
Higher revenue from ads and monetization products, plus increased adoption of Business Plus
Enterprise$24.8M-6% YoY
Reduced client spend from reduced customer acquisition efforts as company focused on Lifted platform transition
Biggest Revenue Drivers
Total revenue: $195.5M+1% YoY
Marketplace$170.7M+3% YoY
Higher revenue from ads and monetization products, plus increased adoption of Business Plus
Enterprise$24.8M-6% YoY
Reduced client spend from reduced customer acquisition efforts as company focused on Lifted platform transition
Largest Expense Items
Cost of revenue$44.6M+7% YoY
$2.9M increase in amortization of capitalized internal-use software, partially offset by $0.2M decrease in Managed Services costs
Research and development$43.3M-6% YoY
$2.4M reduction in personnel-related costs, $4.0M higher internal-use software capitalization, partially offset by $1.6M amortization increase
Sales and marketing$37.4M+5% YoY
$3.9M increase in marketing spend, partially offset by $2.0M decrease in personnel costs
General and administrative$35.2M+25% YoY
$4.2M increase in personnel costs (higher stock-based compensation), $2.0M higher contractor and professional service fees related to acquisitions
Margins: Gross margin decreased to 77% from 78% YoY, primarily driven by higher amortization of capitalized internal-use software costs as a percentage of revenue. Management expects gross margin to remain below prior year levels throughout 2026.
Watch Items from the Filing
Active clients decreased 3% YoY to 784K as of March 31, 2026, reflecting slower new client acquisition and lower retention; GSV essentially flat at $987.1M.
Convertible senior notes of $361.0M mature August 15, 2026, classified as current liability; company evaluating refinancing options and alternatives.
Restructuring plan announced May 7, 2026 (after quarter close) targets 24% workforce reduction with estimated $16–23M in pre-tax charges, mostly in Q2 2026.
Marketplace take rate expanded 111 bps to 19.4% YoY, driven by monetization product contributions; GSV per active client increased 5% YoY.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
