UPWORK, INC(UPWK)Stock Analysis
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Rank #1,136 of 2,961 stocksTOP 50%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
UPWK Stock Analysis & AI Quality Score
Data updated 2026-09-11AI stock analysis and institutional research for UPWORK, INC (UPWK), 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 #1,136 of 2,961 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. UPWORK, INC's 13F Pro composite quality score has ranged between 40 and 74 since 2021, currently 56.8 — an improving long-term trajectory across 68 quarterly and live scoring snapshots.
What's Driving UPWK's Business? Latest 10-Q Breakdown
✓ 23/23 datapoints verifiedAI-extracted from UPWORK, INC's 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
Higher revenue from ads and monetization products, plus increased adoption of Business Plus
Reduced client spend from reduced customer acquisition efforts as company focused on Lifted platform transition
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q2 2026
$191.7M
Net Income
Q2 2026
$25.4M
Free Cash Flow
Q2 2026
$45.3M
Operating Margin
Q2 2026
14.7%
ROIC
Q2 2026
8.5%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · ProRevenue
+2.4% YoYNet Income
-46.5% YoYOperating Income
+98.3% YoYEPS (Diluted)
-44.7% YoYTotal Assets
+7.3% YoYTotal Debt
+101.0% YoYOp. Cash Flow
+61.7% YoYFree Cash Flow
+61.6% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $787.8M +2.4% | $769.3M +11.6% | $689.1M +11.5% | $618.3M +23.0% | $502.8M +34.6% | $373.6M |
| Net Income | $115.4M -46.5% | $215.6M +359.8% | $46.9M +152.2% | $-89.9M -59.8% | $-56.2M -145.9% | $-22.9M |
| Operating Income | $129.3M +98.3% | $65.2M +679.1% | $-11.3M +87.8% | $-92.6M -70.8% | $-54.2M -142.0% | $-22.4M |
| EPS (Diluted) | $0.84 -44.7% | $1.52 +2433.3% | $0.06 +108.7% | $-0.69 -56.8% | $-0.44 -131.6% | $-0.19 |
| Total Assets | $1.30B +7.3% | $1.21B +16.8% | $1.04B -4.0% | $1.08B -0.1% | $1.08B +104.3% | $529.2M |
| Total Debt | $719.5M +101.0% | $357.9M +0.5% | $356.1M -36.9% | $564.3M +0.5% | $561.3M +2966.5% | $18.3M |
| Operating Cash Flow | $248.3M +61.7% | $153.6M +191.3% | $52.7M +358.5% | $11.5M +6.1% | $10.8M -51.5% | $22.4M |
| Free Cash Flow | $242.5M +61.6% | $150.0M +188.4% | $52.0M +407.5% | $10.2M +4.5% | $9.8M -38.9% | $16.0M |
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Top Institutional Holders of UPWK
BlackRock, Inc.
$161.0M19,259,723 shCAMDEN ASSET MANAGEMENT L P /CA
$78.2M79,023,000 shTENOR CAPITAL MANAGEMENT Co., L.P.
$74.8M75,000,000 shVANGUARD PORTFOLIO MANAGEMENT LLC
$66.0M7,898,745 shDeepCurrents Investment Group LLC
$62.8M63,286,000 shAncient Art, L.P.
$60.4M7,228,530 shLSV ASSET MANAGEMENT
$53.4M6,381,628 shVANGUARD CAPITAL MANAGEMENT LLC
$44.4M5,313,767 shSTATE STREET CORP
$43.4M5,195,259 shCapital International Investors
$40.6M4,857,612 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $161.0M | 19,259,723 |
| CAMDEN ASSET MANAGEMENT L P /CA | $78.2M | 79,023,000 |
| TENOR CAPITAL MANAGEMENT Co., L.P. | $74.8M | 75,000,000 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $66.0M | 7,898,745 |
| DeepCurrents Investment Group LLC | $62.8M | 63,286,000 |
| Ancient Art, L.P. | $60.4M | 7,228,530 |
| LSV ASSET MANAGEMENT | $53.4M | 6,381,628 |
| VANGUARD CAPITAL MANAGEMENT LLC | $44.4M | 5,313,767 |
| STATE STREET CORP | $43.4M | 5,195,259 |
| Capital International Investors | $40.6M | 4,857,612 |
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Is UPWK a good stock to buy?
13F Pro's AI-powered analysis of UPWORK, INC (UPWK) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for UPWK are available on the UPWK stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. UPWK is classified as a small company.
Which hedge funds own UPWK?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling UPWK. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of UPWORK, INC's investment landscape.