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10-Q

Quarterly Report

UPWORK, INC UPWK

0001627475-25-000046

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Filed
Aug 6, 2025 12:00 AM ET
Period of report
Restated figures. One or more values in this filing restate previously reported amounts.

On SEC.gov

Financials in this filing

Metric Period Value
Shares Outstanding Q2 2025 · Jul 31, 2025 132.61M sh
Shares Diluted Q2 2025 · Jun 30, 2025 140.2M sh
Shares Diluted Q2 2025 · Jun 30, 2025 141.87M sh
Shares Diluted Q2 2025 · Jun 30, 2024 138.27M sh
Shares Diluted Q2 2025 · Jun 30, 2024 140.8M sh
Stock Repurchased Q2 2025 · Jun 30, 2025 $70.92M
Stock Repurchased Q2 2025 · Jun 30, 2024 $100M
Capex Q2 2025 · Jun 30, 2025 $4.85M
Capex Q2 2025 · Jun 30, 2024 $775K
Operating Cash Flow Q2 2025 · Jun 30, 2025 $109.48M
Operating Cash Flow restated Q2 2025 · Jun 30, 2024 $54.02M
Long Term Debt Q2 2025 · Jun 30, 2025 $358.85M
Long Term Debt Q2 2025 · Dec 31, 2024 $357.93M
Cash And Equivalents Q2 2025 · Jun 30, 2025 $291.07M
Cash And Equivalents Q2 2025 · Dec 31, 2024 $305.76M
Stockholders Equity Q2 2025 · Jun 30, 2025 $608.65M
Stockholders Equity Q2 2025 · Mar 31, 2025 $594.34M
Stockholders Equity Q2 2025 · Dec 31, 2024 $575.38M
Stockholders Equity Q2 2025 · Jun 30, 2024 $361.1M
Stockholders Equity Q2 2025 · Mar 31, 2024 $348.88M
Stockholders Equity Q2 2025 · Dec 31, 2023 $381.08M
Current Liabilities Q2 2025 · Jun 30, 2025 $279.62M
Current Liabilities Q2 2025 · Dec 31, 2024 $268.43M
Total Liabilities Q2 2025 · Jun 30, 2025 $653.06M
Total Liabilities Q2 2025 · Dec 31, 2024 $636.24M
Current Assets Q2 2025 · Jun 30, 2025 $938.98M
Current Assets Q2 2025 · Dec 31, 2024 $911.05M
Total Assets Q2 2025 · Jun 30, 2025 $1.26B
Total Assets Q2 2025 · Dec 31, 2024 $1.21B
Eps Diluted Q2 2025 · Jun 30, 2025 $0.24
Eps Diluted Q2 2025 · Jun 30, 2025 $0.50
Eps Diluted Q2 2025 · Jun 30, 2024 $0.17
Eps Diluted Q2 2025 · Jun 30, 2024 $0.30
Eps Basic Q2 2025 · Jun 30, 2025 $0.25
Eps Basic Q2 2025 · Jun 30, 2025 $0.53
Eps Basic Q2 2025 · Jun 30, 2024 $0.17
Eps Basic Q2 2025 · Jun 30, 2024 $0.30
Sga Expense Q2 2025 · Jun 30, 2025 $35.66M
Sga Expense Q2 2025 · Jun 30, 2025 $63.71M
Sga Expense Q2 2025 · Jun 30, 2024 $29.92M
Sga Expense Q2 2025 · Jun 30, 2024 $61.93M
Rd Expense Q2 2025 · Jun 30, 2025 $44.84M
Rd Expense Q2 2025 · Jun 30, 2025 $91M
Rd Expense Q2 2025 · Jun 30, 2024 $52.47M
Rd Expense Q2 2025 · Jun 30, 2024 $105.38M
Net Income Q2 2025 · Jun 30, 2025 $32.73M
Net Income Q2 2025 · Jun 30, 2025 $70.46M
Net Income Q2 2025 · Jun 30, 2024 $22.22M
Net Income Q2 2025 · Jun 30, 2024 $40.66M
Operating Income Q2 2025 · Jun 30, 2025 $32.57M
Operating Income Q2 2025 · Jun 30, 2025 $71.26M
Operating Income Q2 2025 · Jun 30, 2024 $17.78M
Operating Income Q2 2025 · Jun 30, 2024 $30.83M
Gross Profit Q2 2025 · Jun 30, 2025 $151.51M
Gross Profit Q2 2025 · Jun 30, 2025 $302.41M
Gross Profit Q2 2025 · Jun 30, 2024 $149.28M
Gross Profit Q2 2025 · Jun 30, 2024 $296.02M
Revenue Q2 2025 · Jun 30, 2025 $194.94M
Revenue Q2 2025 · Jun 30, 2025 $387.65M
Revenue Q2 2025 · Jun 30, 2024 $193.13M
Revenue Q2 2025 · Jun 30, 2024 $384.07M