The table below shows UPWORK, INC's income statement line items across its last 6 fiscal years, exactly as reported in the company's audited annual filings. All figures are in US dollars; negative values appear in red.
Line item
FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
Revenue
$787.78M
$769.33M
$689.14M
$618.32M
$502.80M
$373.63M
Cost of revenue
$174.75M
$174.09M
$170.45M
$160.40M
$135.51M
$2.90M
Gross profit
$613.03M
$595.23M
$518.69M
$457.92M
$367.29M
$269.36M
R&D
$185.54M
$209.28M
$177.36M
$154.55M
$119.08M
$83.47M
UPWK annual revenue (10-K history)
UPWORK, INC reported annual revenue of $787.78M for fiscal year 2025. That is up 2.4% from $769.33M in fiscal 2024. Over the 10 fiscal years shown, annual revenue grew from $164.44M (FY 2016) to $787.78M. Figures come from the company's audited annual reports as filed with the SEC.
