UPWK · Upwork, Inc
Price & Indicators
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AI Brief
TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
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| Adjusted EBITDA non-GAAP | $64.1M | Q2 2026 | — |
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GAAP → non-GAAP reconciliationGAAP Net income $25.4M
+$14.12M Stock-based compensation expense
+$8.78M Depreciation and amortization
-$3.97M Other income, net
+$6.7M Income tax provision
+$13.01M Other
= Adjusted EBITDA $64.05M
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| Adjusted EBITDA margin non-GAAP | 33% | Q2 2026 | — |
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| Free cash flow non-GAAP | $35.9M | Q2 2026 | — |
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GAAP → non-GAAP reconciliationGAAP Cash provided by operating activities $46.87M
-$10.94M Purchases of property, plant & equipment and cash outflows from internally developed software
= Free cash flow $35.94M
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| GSV | $966.4M | Q2 2026 | — |
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| GSV per active client | $5,230 | Q2 2026 | — |
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| Marketplace take rate | 19.6% | the three months ended June 30, 2026 filing | — |
| Active clients | 785,000 | as of December 31, 2025 | — |
| Diluted earnings (loss) per share, Non-GAAP non-GAAP | $1.41 | Twelve Months Ended December 31, 2025 | — |
| GSV from AI-related work | $300M | Q4 2025 | — |
| Net income, Non-GAAP non-GAAP | $196.07M | Twelve Months Ended December 31, 2025 | — |
| Q4 2025 Business Plus active clients growth | 49% | Q4 2025 | — |
| Q4 2025 GSV from Upwork Business Plus offering for SMBs increase | 24% | Q4 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Internet Content & Information — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
UPWK
this stock
Upwork, Inc
|
$1.13B | -54.5% | +2.4% | 11.7 | 15.4% |
|
GOOGL
Alphabet Inc.
|
$4.24T | +10.7% | +15.1% | 17.4 | 0.6% |
|
META
Meta Platforms, Inc.
|
$1.45T | -12.4% | +47.1% | 21.5 | 1.1% |
|
SPOT
Spotify Technology S.A.
|
$112.14B | -5.7% | — | — | 2.4% |
|
NBIS
Nebius Group N.V.
|
$59.39B | +149.9% | +479.0% | — | 20.4% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| UPWK | +4.8% | -1.5% | -32.3% | -1.5% | -54.5% |
| SPY | +0.5% | +3.0% | +13.4% | +3.0% | +12.8% |
| vs SPY | +4.3% | -4.5% | -45.8% | -4.5% | -67.3% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.