UPWK is the ticker symbol for UPWORK, INC, a publicly traded Technology sector company listed on Nasdaq. 13F Pro tracks UPWK with AI-powered analysis, an AI quality score, SEC EDGAR financials, insider transactions, and institutional 13F holdings — all sourced directly from public SEC filings.

Is UPWK a good stock to buy?

13F Pro's AI ranking engine scores UPWK at 55.3/100, ranked #1,252 of 2,925 stocks on a composite quality score built from its SEC filings, covering profitability, growth, balance sheet strength, and free cash flow. The full AI verdict and bull/bear case for UPWK is available at https://13fpro.ai/company/UPWK. Not investment advice — review the underlying SEC filings before making any trade.

Where does 13F Pro source UPWK data?

All UPWORK, INC fundamentals and ownership data come directly from SEC EDGAR. UPWORK, INC files with the SEC under CIK 1627475. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

UPWORK, INC UPWK

NasdaqSmall CapTechnology

13F Pro quality score

Rank #1,252 of 2,925TOP 50%

Why it scores 55 Technology peers →

Rankings refresh quarterly once 80% of peers have filed. Next update: ~Nov 14, 2026.

Revenue

$191.66M

Quarter to Jun 30

Net income

$25.40M

Quarter to Jun 30

Free cash flow

$45.26M

Quarter to Jun 30

Operating margin

14.7%

Quarter to Jun 30

Top Institutional Holders

as of Q2 2026

$1.41B total

BlackRock, Inc.

$163.90M+1.9%

CAMDEN ASSET MANAGEMENT L P /CA

$78.23M0.0%

TENOR CAPITAL MANAGEMENT Co., L.P.

$74.77M0.0%

VANGUARD PORTFOLIO MANAGEMENT LLC

$66.03M+1.6%

DeepCurrents Investment Group LLC

$62.85M+18.8%

Ancient Art, L.P.

$60.43M+21.3%

LSV ASSET MANAGEMENT

$53.35M-6.0%

STATE STREET CORP

$52.35M+12.4%

VANGUARD CAPITAL MANAGEMENT LLC

$44.42M-5.3%

Capital International Investors

$40.61M+2.8%

DIMENSIONAL FUND ADVISORS LP

$39.66M+27.7%

GOLDMAN SACHS GROUP INC

$35.70M+67.4%

GEODE CAPITAL MANAGEMENT, LLC

$27.21M+3.5%

ARISTEIA CAPITAL, L.L.C.

$25.37M+95.7%

RICE HALL JAMES & ASSOCIATES, LLC

$23.21M+112.3%

MORGAN STANLEY

$20.60M+107.8%

Invenomic Capital Management LP

$20.12M+25.7%

UBS Group AG

$17.91M+37.7%

MILLENNIUM MANAGEMENT LLC

$15.49M+79.0%

OSTERWEIS CAPITAL MANAGEMENT INC

$14.57M0.0%

ADVENT CAPITAL MANAGEMENT /DE/

$14.08M0.0%

RENAISSANCE TECHNOLOGIES LLC

$14.05M-17.6%

OAKTREE CAPITAL MANAGEMENT LP

$14.05M+13.2%

CITADEL ADVISORS LLC

$13.84M+615.2%

JUPITER ASSET MANAGEMENT LTD

$13.20M+10.5%

See all 312 institutional holders →

What's Driving UPWK's Business? Latest 10-Q Breakdown

25/25 datapoints verified

AI-extracted from the 10-Q filed 2026-08-10 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Upwork's Q2 revenue fell 2% YoY to $191.7M as GSV declined 4% and active clients dropped 4%, while adjusted EBITDA rose 12% to $64.1M on cost reductions and a higher take rate.

Biggest Revenue Drivers

Marketplace$166.9M-2% YoY

Lower talent service fees and client marketplace fees reflecting a decline in active clients, partially offset by higher ads and monetization products revenue and Business Plus adoption.

Enterprise$24.8M+2% YoY

Increase in Enterprise Solutions revenue generated by the acquisition of Ascen, partially offset by decreased Managed Services revenue reflecting reduced client spend.

Biggest Revenue Drivers

Total revenue: $191.7M-2% YoY

Marketplace$166.9M-2% YoY

Lower talent service fees and client marketplace fees reflecting a decline in active clients, partially offset by higher ads and monetization products revenue and Business Plus adoption.

Enterprise$24.8M+2% YoY

Increase in Enterprise Solutions revenue generated by the acquisition of Ascen, partially offset by decreased Managed Services revenue reflecting reduced client spend.

Largest Expense Items

Cost of revenue$45.3M+4% YoY

Primarily higher amortization of capitalized internal-use software and platform development costs, partially offset by lower talent services costs tied to lower Managed Services activity.

General and administrative$36.9M+3% YoY

$3.1M in 2026 Restructuring charges and $1.4M higher stock-based compensation, partially offset by lower personnel-related costs and legal costs.

Research and development$43.9M-2% YoY

$6.3M lower personnel-related costs and $4.3M incremental capitalized development costs, partially offset by $6.9M in 2026 Restructuring charges and higher amortization.

Margins: Gross margin declined to 76% from 78% on higher amortization of capitalized software; management expects gross margin to remain below prior-year levels throughout 2026, while Marketplace take rate expanded to 19.6% from 18.5%.

Watch Items from the Filing

GSV fell 4% to $966.4M and active clients declined 4% to 763K, driven by AI's impact on certain freelance categories and weaker client acquisition and retention.
$361.0M of 0.25% convertible notes mature August 15, 2026; company intends to repay using cash on hand and its new $150M revolver.
Net income fell 22% to $25.4M, including $13.8M of 2026 Restructuring costs; workforce to be cut ~24% by December 31, 2026.
Repurchased $109.7M of stock in the six months ended June 30, 2026, leaving $254.3M under the 2026 authorization.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →

Key Metrics

Revenue

Q2 2026

EDGAR

Net Income

Q2 2026

EDGAR

EPS (Diluted)

Q2 2026

EDGAR

Operating Margin

Q2 2026

EDGAR

ROIC

Q2 2026

EDGAR

Free Cash Flow

Q2 2026

EDGAR

Debt/Equity

Q2 2026

EDGAR

Financial Trends

Revenue & Net Income

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Earnings Per Share

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UPWORK, INC reported revenue, net income and margins by fiscal period, from SEC filings.
Period	Form	Revenue	Net income	Op. marginOperating 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%

About UPWORK, INC (UPWK): stock profile, AI score and financials

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 55.3/100 on a composite quality score built from its SEC filings, placing it at rank #1,252 of 2,925 stocks — the top half of the AI-ranked universe. UPWK scores in the top quartile across balance sheet strength (80.6), free cash flow (80.4). Areas of concern include institutional flow (27.9) and revenue growth (34.7), which score below median versus the broader universe. Shareholder dilution risk is elevated at 17.7/100, 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.

Financials through the period ended Jun 30, 2026SEC EDGAR: CIK 1627475 →

UPWORK, INC UPWK

Top Institutional Holders

What's Driving UPWK's Business? Latest 10-Q Breakdown

Biggest Revenue Drivers

Biggest Revenue Drivers

Largest Expense Items

Watch Items from the Filing

Key Metrics

Financial Trends

Revenue & Net Income

Earnings Per Share

UPWK key financials by period

UPWK insiders

About UPWORK, INC (UPWK): stock profile, AI score and financials

UPWORK, INC UPWK

Top Institutional Holders

What's Driving UPWK's Business? Latest 10-Q Breakdown

Biggest Revenue Drivers

Key Metrics

Financial Trends

Revenue & Net Income

Earnings Per Share

UPWK key financials by period

Companies similar to UPWK

UPWK insiders

About UPWORK, INC (UPWK): stock profile, AI score and financials