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10-Q

Quarterly Report

UPWORK, INC UPWK

0001627475-25-000058

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Filed
Nov 4, 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 Q3 2025 · Oct 30, 2025 130.65M sh
Shares Diluted Q3 2025 · Sep 30, 2025 139.67M sh
Shares Diluted Q3 2025 · Sep 30, 2025 140.91M sh
Shares Diluted Q3 2025 · Sep 30, 2024 139.29M sh
Shares Diluted Q3 2025 · Sep 30, 2024 140.55M sh
Stock Repurchased Q3 2025 · Sep 30, 2025 $101.92M
Stock Repurchased Q3 2025 · Sep 30, 2024 $100M
Capex Q3 2025 · Sep 30, 2025 $5.34M
Capex Q3 2025 · Sep 30, 2024 $1.98M
Operating Cash Flow Q3 2025 · Sep 30, 2025 $184.56M
Operating Cash Flow restated Q3 2025 · Sep 30, 2024 $114.98M
Long Term Debt Q3 2025 · Sep 30, 2025 $0
Long Term Debt Q3 2025 · Dec 31, 2024 $357.93M
Short Term Debt Q3 2025 · Sep 30, 2025 $359.31M
Short Term Debt Q3 2025 · Dec 31, 2024 $0
Cash And Equivalents Q3 2025 · Sep 30, 2025 $260.84M
Cash And Equivalents Q3 2025 · Dec 31, 2024 $305.76M
Stockholders Equity Q3 2025 · Sep 30, 2025 $628.13M
Stockholders Equity Q3 2025 · Jun 30, 2025 $608.65M
Stockholders Equity Q3 2025 · Dec 31, 2024 $575.38M
Stockholders Equity Q3 2025 · Sep 30, 2024 $411.17M
Stockholders Equity Q3 2025 · Jun 30, 2024 $361.1M
Stockholders Equity Q3 2025 · Dec 31, 2023 $381.08M
Current Liabilities Q3 2025 · Sep 30, 2025 $660.48M
Current Liabilities Q3 2025 · Dec 31, 2024 $268.43M
Total Liabilities Q3 2025 · Sep 30, 2025 $683.08M
Total Liabilities Q3 2025 · Dec 31, 2024 $636.24M
Current Assets Q3 2025 · Sep 30, 2025 $948.95M
Current Assets Q3 2025 · Dec 31, 2024 $911.05M
Total Assets Q3 2025 · Sep 30, 2025 $1.31B
Total Assets Q3 2025 · Dec 31, 2024 $1.21B
Eps Diluted Q3 2025 · Sep 30, 2025 $0.21
Eps Diluted Q3 2025 · Sep 30, 2025 $0.72
Eps Diluted Q3 2025 · Sep 30, 2024 $0.20
Eps Diluted Q3 2025 · Sep 30, 2024 $0.50
Eps Basic Q3 2025 · Sep 30, 2025 $0.22
Eps Basic Q3 2025 · Sep 30, 2025 $0.75
Eps Basic Q3 2025 · Sep 30, 2024 $0.21
Eps Basic Q3 2025 · Sep 30, 2024 $0.51
Sga Expense Q3 2025 · Sep 30, 2025 $41.26M
Sga Expense Q3 2025 · Sep 30, 2025 $104.96M
Sga Expense Q3 2025 · Sep 30, 2024 $31.28M
Sga Expense Q3 2025 · Sep 30, 2024 $93.2M
Rd Expense Q3 2025 · Sep 30, 2025 $47.49M
Rd Expense Q3 2025 · Sep 30, 2025 $138.49M
Rd Expense Q3 2025 · Sep 30, 2024 $50.41M
Rd Expense Q3 2025 · Sep 30, 2024 $155.79M
Net Income Q3 2025 · Sep 30, 2025 $29.34M
Net Income Q3 2025 · Sep 30, 2025 $99.79M
Net Income Q3 2025 · Sep 30, 2024 $27.76M
Net Income Q3 2025 · Sep 30, 2024 $68.42M
Operating Income Q3 2025 · Sep 30, 2025 $29.76M
Operating Income Q3 2025 · Sep 30, 2025 $101.01M
Operating Income Q3 2025 · Sep 30, 2024 $20.79M
Operating Income Q3 2025 · Sep 30, 2024 $51.62M
Gross Profit Q3 2025 · Sep 30, 2025 $155.89M
Gross Profit Q3 2025 · Sep 30, 2025 $458.29M
Gross Profit Q3 2025 · Sep 30, 2024 $150.37M
Gross Profit Q3 2025 · Sep 30, 2024 $446.39M
Revenue Q3 2025 · Sep 30, 2025 $201.73M
Revenue Q3 2025 · Sep 30, 2025 $589.38M
Revenue Q3 2025 · Sep 30, 2024 $193.78M
Revenue Q3 2025 · Sep 30, 2024 $577.84M