The table below shows UPWORK, INC's income statement by quarter, as reported in the company's quarterly filings. All figures are in US dollars; negative values appear in red.
Line item
Q1 2026
Q3 2025
Q2 2025
Q1 2025
Q3 2024
Q2 2024
Revenue
$195.48M
$201.73M
$194.94M
$192.71M
$193.78M
$193.13M
Cost of revenue
$44.64M
$45.84M
$43.43M
$41.81M
$43.41M
$43.85M
Gross profit
$150.84M
$155.89M
$151.51M
$150.90M
$150.37M
$149.28M
R&D
$43.31M
$47.49M
$44.84M
$46.15M
$50.41M
$52.47M
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.
