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UPWK

Upwork Inc.

UPWK

NASDAQ·Industrials·Staffing & Employment Services·Mkt cap $1.1B

$8.79

-4.35%

P/E

7.92

Mkt Cap

$1.1B

52-Wk Range

$7.44–$22.84

52-Week Range

$7.44 - $22.84

P/E

7.92

Fwd P/E

6.33

Beta

1.01

Div Yield

0.00%

Avg Vol

4.0M

Shares Out

130.7M

Mkt Cap

$1.1B

Price action

Price chart

Down 44.9% over the trailing year

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Network effects with millions of active freelancers and enterprise clients creating a defensible two-sided marketplace
  • Proprietary matching algorithms and AI-driven talent recommendations improving client outcomes and retention
  • Integrated payments, escrow, and compliance infrastructure reducing friction and building customer lock-in
  • Brand recognition as the largest global freelance platform with deep market penetration across industries

Bear Case

1 risk

  • Average volatility.

Growth

Strong growth ahead

Accelerating adoption of remote work and flexible staffing models post-pandemic

Value

Deep value opportunity - significant discount to Staffing & Recruitment peers

Momentum

Stable

-0.9% over 3m

Quality

Excellent

Strong fundamentals

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Nov 2, 2026

Q3 26 RECAP

AUG 10, 2026

Reported EPS of $0.41 vs $0.34 consensus (+19.7% surprise). Revenue of $191.7M vs $190.0M expected (+0.9%). Beat on both top and bottom lines.

EPS beat +19.7%
Rev beat +0.9%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Estimate

Actual

Q3 26

+19.7%

Revenue trend · last 8Q

+4%

+1%

+1%

+4%

+4%

+1%

-200%

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

Q2 26

$193.8M

$191.5M

$192.7M

$194.9M

$201.7M

$198.4M

$195.5M

-$195.5M

Margins · last 8Q

Gross

-74.9%

Operating

-14.4%

Profit

Wall Street consensus

7 analysts · 14% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

1

14%

Hold

6

86%

Sell

0%

Median Price Target

Latest: Needham · Aug 11, 2026

vs Industry

How UPWK stacks vs Staffing & Employment Services

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.