UPWK - Upwork Inc Stock Price, Fair Value and News

11.92USD-0.43 (-3.48%)Market Closed

Market Summary

USD11.92-0.43

Market Closed

-3.48%

UPWK Stock Price

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UPWK RSI Chart

UPWK Valuation

Market Cap

1.6B

Price/Earnings (Trailing)

32.95

Price/Sales (Trailing)

2.21

EV/EBITDA

32.93

Price/Free Cashflow

38.83

UPWK Price/Sales (Trailing)

UPWK Profitability

EBT Margin

7.05%

Return on Equity

13.8%

Return on Assets

4.81%

Free Cashflow Yield

2.58%

UPWK Fundamentals

UPWK Revenue

Revenue (TTM)

719.2M

Rev. Growth (Yr)

18.7%

Rev. Growth (Qtr)

3.81%

UPWK Earnings

Earnings (TTM)

48.2M

Earnings Growth (Yr)

7.43%

Earnings Growth (Qtr)

6.15%

Breaking Down UPWK Revenue

Last 7 days

-0.3%

Last 30 days

0.3%

Last 90 days

-15.1%

Trailing 12 Months

49.8%

How does UPWK drawdown profile look like?

UPWK Financial Health

Current Ratio

2.93

Debt/Equity

1.02

Debt/Cashflow

0.12

UPWK Investor Care

Buy Backs (1Y)

0.26%

Diluted EPS (TTM)

0.34

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	719.2M	0	0	0
2023	637.8M	649.6M	666.6M	689.1M
2022	530.5M	563.2M	593.7M	618.3M
2021	404.1M	440.7M	472.1M	502.8M
2020	314.8M	328.1M	346.1M	373.6M
2019	263.1M	274.6M	289.3M	300.6M
2018	215.3M	228.0M	240.7M	253.4M
2017	0	0	183.5M	202.6M
2016	0	0	0	164.4M

Get all data in R, Python etc through our Historical Stock Data APIs

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Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Upwork Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 03, 2024	bottoms dave	sold	-37,584	13.22	-2,843	gm vp ii, marketplace
Apr 18, 2024	marie olivier	sold	-2,497	11.1981	-223	chief accounting officer
Apr 18, 2024	marie olivier	acquired	-	-	592	chief accounting officer
Mar 18, 2024	marie olivier	acquired	-	-	2,635	chief accounting officer
Mar 18, 2024	marie olivier	sold	-11,798	12.2012	-967	chief accounting officer
Mar 15, 2024	brown hayden	sold	-241,426	12.0713	-20,000	president & ceo
Feb 22, 2024	marie olivier	sold	-19,427	13.03	-1,491	chief accounting officer
Feb 20, 2024	brown hayden	sold	-562,013	12.8566	-43,714	president & ceo
Feb 20, 2024	marie olivier	sold	-14,605	12.8567	-1,136	chief accounting officer
Feb 18, 2024	marie olivier	acquired	-	-	2,627	chief accounting officer

Which funds bought or sold UPWK recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 07, 2024	Arizona State Retirement System	reduced	-0.8	-91,895	412,733	-%
May 07, 2024	Swiss National Bank	added	1.09	-592,697	2,965,690	-%
May 07, 2024	Susquehanna Portfolio Strategies, LLC	reduced	-15.02	-913,537	2,138,140	0.05%
May 07, 2024	SUSQUEHANNA INTERNATIONAL GROUP, LLP	reduced	-4.92	-1,000,740	3,630,360	-%
May 07, 2024	Headlands Technologies LLC	new	-	48,672	48,672	0.01%
May 07, 2024	NEW YORK STATE COMMON RETIREMENT FUND	added	15.62	-33,000	662,000	-%
May 07, 2024	Strengthening Families & Communities, LLC	sold off	-100	-5,948	-	-%
May 07, 2024	PANAGORA ASSET MANAGEMENT INC	reduced	-15.14	-637,350	1,484,460	0.01%
May 07, 2024	SEI INVESTMENTS CO	reduced	-2.24	-660,667	2,744,950	-%
May 06, 2024	DUALITY ADVISERS, LP	reduced	-13.85	-163,115	399,848	0.04%

Are Funds Buying or Selling UPWK?

Are funds buying UPWK calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own UPWK

No. of Funds

Unveiling Upwork Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	11.19%	15,226,218	SC 13G/A
Feb 09, 2024	capital international investors	3.4%	4,597,398	SC 13G/A
Jan 26, 2024	blackrock inc.	7.2%	9,768,944	SC 13G/A
Aug 03, 2023	baillie gifford & co	4.92%	6,565,230	SC 13G/A
Jul 10, 2023	vanguard group inc	10.39%	13,862,657	SC 13G/A
Feb 14, 2023	price t rowe associates inc /md/	0.1%	92,022	SC 13G/A
Feb 13, 2023	capital international investors	5.4%	7,150,413	SC 13G
Feb 09, 2023	vanguard group inc	8.46%	11,105,458	SC 13G/A
Feb 01, 2023	blackrock inc.	6.7%	8,750,581	SC 13G/A
Jan 23, 2023	baillie gifford & co	5.18%	6,807,024	SC 13G

Recent SEC filings of Upwork Inc

View All Filings

Date Filed	Form Type	Document
May 07, 2024	4	Insider Trading
May 03, 2024	144	Notice of Insider Sale Intent
May 01, 2024	10-Q	Quarterly Report
May 01, 2024	8-K	Current Report
Apr 29, 2024	3	Insider Trading
Apr 23, 2024	ARS	ARS
Apr 23, 2024	DEF 14A	DEF 14A
Apr 23, 2024	DEFA14A	DEFA14A
Apr 22, 2024	4	Insider Trading
Mar 20, 2024	4	Insider Trading

Peers (Alternatives to Upwork Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ADP	99.4B	18.9B	-1.50%	13.70%	26.88	5.26	7.08%	13.46%
CTAS	70.1B	9.4B	1.93%	49.61%	46.6	7.45	9.34%	15.98%
CPRT	53.0B	4.1B	-2.01%	38.74%	39.09	13.06	10.52%	25.37%
EFX	29.0B	5.4B	-9.55%	17.56%	51.91	5.41	5.76%	-4.95%
BAH	19.6B	10.3B	2.56%	63.55%	47.89	1.9	13.90%	-5.05%
ALLE	10.8B	3.6B	-6.61%	15.05%	20.07	3	4.33%	10.69%
MID-CAP
RHI	7.4B	6.2B	-7.22%	4.88%	20.86	1.2	-13.83%	-42.32%
AL	5.5B	2.7B	-2.78%	28.51%	9.35	2.01	15.08%	16.51%
SRCL	4.4B	2.6B	-8.93%	8.80%	-224.06	1.66	-3.11%	-123.81%
ABM	2.8B	8.2B	1.61%	5.47%	11.04	0.35	3.98%	33.49%
SMALL-CAP
AZZ	1.9B	2.7B	-8.07%	111.87%	18.63	0.7	104.63%	188.16%
ALTG	384.2M	1.9B	-10.69%	-15.56%	43.17	0.2	15.20%	-4.30%
ARC	118.3M	283.1M	3.01%	-2.49%	13.52	0.42	-0.83%	-20.92%
AQMS	51.5M	1.1M	-25.81%	-58.18%	-2.15	49.78	336.95%	-55.13%
AWX	8.3M	81.0M	-9.36%	-18.66%	-7.54	0.1	-4.98%	-14.33%

Upwork Inc News

Latest updates

Upwork Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	3.8%	190,937	183,934	175,733	168,611	160,858	161,442	158,641	156,898	141,337	136,856	128,141	124,181	113,619	106,153	96,748	87,531	83,196	78,596	78,786	74,256	68,924
Gross Profit	6.3%	146,744	138,066	132,460	127,729	120,431	120,283	118,171	116,041	103,421	99,805	93,208	91,098	83,178	77,375	70,152	62,123	59,711	57,351	55,521	52,195	47,351
Operating Expenses	3.1%	133,695	129,638	120,994	133,845	145,469	140,765	143,613	139,089	127,073	121,613	101,525	107,493	90,875	76,719	73,181	73,107	68,762	64,227	59,213	55,094	52,616
S&GA Expenses	-2.9%	47,851	49,304	47,308	59,069	65,000	62,786	63,171	63,283	57,642	54,681	43,192	45,817	39,604	34,530	33,577	34,440	30,678	25,572	25,322	24,479	20,518
R&D Expenses	14.5%	52,916	46,217	43,419	43,246	44,481	41,664	38,898	35,830	38,161	33,473	30,873	28,124	26,613	22,743	20,833	20,547	19,348	16,322	16,209	15,696	15,800
EBITDA Margin	-2.0%	0.07*	0.07*	0.03*	-0.04*	-0.07*	-0.14*	-0.16*	-0.14*	-0.14*	-0.11*	-0.07*	-0.06*	-0.05*	-0.06*	-0.08*	-0.09*	-0.06*	-	-	-	-
Interest Expenses	138.0%	458	-1,204	711	713	1,101	-1,821	1,117	1,120	1,125	-682	746	110	199	138	152	258	230	259	317	357	373
Income Taxes	185.4%	1,329	-1,557	895	1,857	795	440	40.00	27.00	29.00	63.00	26.00	16.00	17.00	93.00	18.00	30.00	9.00	-	-	27.00	1.00
Earnings Before Taxes	25.0%	19,771	15,817	17,232	-2,134	17,962	-16,060	-24,787	-23,793	-24,709	-22,493	-9,285	-16,522	-7,818	1,018	-2,729	-10,994	-10,012	-5,501	-3,547	-2,424	-5,159
EBT Margin	-0.6%	0.07*	0.07*	0.03*	-0.04*	-0.07*	-0.14*	-0.16*	-0.14*	-0.14*	-0.11*	-0.07*	-0.06*	-0.05*	-0.06*	-0.08*	-0.09*	-0.07*	-	-	-	-
Net Income	6.1%	18,442	17,374	16,337	-3,991	17,167	-16,500	-24,827	-23,820	-24,738	-22,556	-9,311	-16,538	-7,835	925	-2,747	-11,024	-10,021	-5,501	-3,547	-2,451	-5,160
Net Income Margin	-1.6%	0.07*	0.07*	0.02*	-0.04*	-0.08*	-0.15*	-0.16*	-0.14*	-0.14*	-0.11*	-0.07*	-0.06*	-0.05*	-0.06*	-0.08*	-0.09*	-0.07*	-	-	-	-
Free Cashflow	200.1%	5,479	-5,473	36,529	4,332	-8,859	8,100	9,735	-855	-11,669	-12,910	20,633	280	1,806	8,843	6,167	4,025	-2,990	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-3.5%	1,001	1,038	961	931	918	1,080	1,079	1,094	1,100	1,081	1,094	569	560	529	502	489	482	446	430	449	434
Current Assets	-4.0%	848	883	810	780	768	931	930	944	950	930	940	412	394	361	332	318	313	281	286	306	296
Cash Equivalents	216.4%	252	80.00	147	154	102	129	331	328	322	187	777	300	269	232	220	209	192	160	189	188	172
Net PPE	0.0%	27.00	27.00	27.00	25.00	23.00	22.00	21.00	21.00	21.00	21.00	22.00	24.00	28.00	28.00	28.00	27.00	25.00	21.00	21.00	19.00	13.00
Goodwill	0%	118	118	118	118	118	118	118	118	118	118	118	118	118	118	118	118	118	118	118	118	118
Liabilities	-0.7%	652	656	618	624	629	831	837	848	851	822	830	261	255	230	220	219	223	187	167	191	190
Current Liabilities	-1.2%	289	293	253	255	257	248	252	263	263	234	242	232	226	199	186	183	186	149	149	173	171
Long Term Debt	0.1%	357	356	356	355	355	564	564	563	562	561	561	1.00	1.00	3.00	5.00	7.00	9.00	11.00	13.00	14.00	16.00
LT Debt, Current	-	-	-	-	-	-	-	-	-	-	-	-	6.00	8.00	8.00	8.00	8.00	23.00	8.00	8.00	33.00	33.00
LT Debt, Non Current	-100.0%	-	356	356	355	355	564	564	563	562	561	561	1.00	1.00	3.00	5.00	7.00	9.00	11.00	13.00	14.00	16.00
Shareholder's Equity	-8.4%	349	381	343	307	289	249	243	246	249	260	265	309	306	299	282	270	259	259	249	245	232
Retained Earnings	6.3%	-275	-294	-311	-327	-323	-340	-324	-299	-275	-251	-228	-219	-202	-194	-195	-193	-181	-171	-153	-150	-148
Additional Paid-In Capital	-7.1%	627	675	655	636	614	593	572	551	529	511	493	528	508	494	477	463	441	431	416	408	392
Shares Outstanding	-3.0%	133	137	136	135	133	132	131	130	129	127	128	126	125	119	-	119,268	114,867	-	-	-	-
Float	-	-	-	-	1,155	-	-	-	2,475	-	-	-	6,809	-	-	-	1,533	-	-	-	1,174	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	205.9%	5,656	-5,339	36,952	4,309	-8,701	8,455	10,026	-446	-11,476	-12,448	20,864	544	1,876	8,953	6,750	8,364	-1,702	-943	29,827	1,569	-29,395
Share Based Compensation	-6.1%	16,942	18,047	17,811	18,437	19,900	19,382	20,404	18,980	16,735	27,746	900	900	11,226	5,981	6,856	7,134	5,537	7,940	3,932	2,631	4,295
Cashflow From Investing	109.7%	6,140	-63,435	-45,238	44,807	152,136	-37,035	10,736	11,874	-55,043	-402,866	-56,732	22,962	7,656	-11,154	-58.00	4,142	2,924	-27,190	-2,350	5,143	-76,527
Cashflow From Financing	-256.1%	-56,220	36,005	1,322	400	-152,031	-6,868	-18,188	-4,916	36,054	-9,236	512,306	7,605	27,064	14,957	3,967	4,611	31,106	-770	-26,968	9,477	47,663

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UPWK Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenue	$ 190,937	$ 160,858
Cost of revenue	44,193	40,427
Gross profit	146,744	120,431
Operating expenses
Research and development	52,916	44,481
Sales and marketing	47,851	65,000
General and administrative	32,001	29,287
Provision for transaction losses	927	6,701
Total operating expenses	133,695	145,469
Income (loss) from operations	13,049	(25,038)
Other income, net	6,722	43,000
Income before income taxes	19,771	17,962
Income tax provision	(1,329)	(795)
Net income	$ 18,442	$ 17,167
Net income (loss) per share:
Basic (in dollars per share)	$ 0.14	$ 0.13
Diluted (in dollars per share)	$ 0.13	$ (0.15)
Weighted-average shares used to compute net income per share
Basic (in shares)	136,356,961	132,835,837
Diluted (in shares)	143,657,049	135,966,415
Other comprehensive income, net of tax:
Net unrealized holding (loss) gain on marketable securities, net	$ (591)	$ 1,923
Total comprehensive income	$ 17,851	$ 19,090

UPWK Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 24,667	$ 79,641
Marketable securities	465,939	470,457
Funds held in escrow, including funds in transit	222,937	212,387
Trade and client receivables – net of allowance of $4,790 and $5,141 as of March 31, 2024 and December 31, 2023, respectively	114,403	103,061
Prepaid expenses and other current assets	20,073	17,825
Total current assets	848,019	883,371
Property and equipment, net	27,128	27,140
Goodwill	118,219	118,219
Intangible assets, net	2,656	3,048
Operating lease asset	3,486	4,333
Other assets, noncurrent	1,311	1,430
Total assets	1,000,819	1,037,541
Current liabilities
Accounts payable	5,916	5,063
Escrow funds payable	222,937	212,387
Accrued expenses and other current liabilities	46,682	58,192
Deferred revenue	13,957	17,361
Total current liabilities	289,492	293,003
Debt, noncurrent	356,547	356,087
Operating lease liability, noncurrent	5,308	6,088
Other liabilities, noncurrent	596	1,288
Total liabilities	651,943	656,466
Commitments and contingencies (Note 6)
Stockholders’ equity
Common stock, $0.0001 par value; 490,000,000 shares authorized as of March 31, 2024 and December 31, 2023; 133,118,345 and 137,272,754 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively	13	14
Treasury stock, at cost; $175,000 shares as of March 31, 2024	(2,138)	0
Additional paid-in capital	627,007	674,918
Accumulated other comprehensive income (loss)	(386)	205
Accumulated deficit	(275,620)	(294,062)
Total stockholders’ equity	348,876	381,075
Total liabilities and stockholders’ equity	$ 1,000,819	$ 1,037,541

About Upwork Inc

Upwork Inc., together with its subsidiaries, operates a work marketplace that connects businesses with various independent professionals and agencies in the United States, India, the Philippines, and internationally. The company's work marketplace provides access to talent with various skills across a range of categories, including sales and marketing, customer service, data science and analytics, design and creative, web, mobile, and software development. Its work marketplace also enables clients to streamline workflows, such as talent sourcing, outreach, and contracting. The company's work marketplace offers access to various functionalities for remote engagements with talent, including communication and collaboration, ability to receive talent invoices through their work marketplace, and payment protection. Its marketplace offerings include Upwork Basic, Upwork Plus, Upwork Enterprise, and Upwork Payroll, as well as managed and internet escrow agency services. The company was formerly known as Elance-oDesk, Inc. and changed its name to Upwork Inc. in May 2015. Upwork Inc. was incorporated in 2013 and is headquartered in San Francisco, California.

CEO	Ms. Hayden Brown
WEBSITE	upwork.com
INDUSTRY	Information Technology Services
EMPLOYEES	850

Upwork Inc Frequently Asked Questions

What is the ticker symbol for Upwork Inc? What does UPWK stand for in stocks?

UPWK is the stock ticker symbol of Upwork Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Upwork Inc (UPWK)?

As of Wed May 08 2024, market cap of Upwork Inc is 1.59 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of UPWK stock?

You can check UPWK's fair value in chart for subscribers.

What is the fair value of UPWK stock?

You can check UPWK's fair value in chart for subscribers. The fair value of Upwork Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Upwork Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for UPWK so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Upwork Inc a good stock to buy?

The fair value guage provides a quick view whether UPWK is over valued or under valued. Whether Upwork Inc is cheap or expensive depends on the assumptions which impact Upwork Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for UPWK.

What is Upwork Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed May 08 2024, UPWK's PE ratio (Price to Earnings) is 32.95 and Price to Sales (PS) ratio is 2.21. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. UPWK PE ratio will change depending on the future growth rate expectations of investors.