UPWK

Upwork Inc.

Fundamental data last updated:October 7, 2026

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company profile

SECTOR

Industrials

industry

Staffing & Employment Services

Exchange

NASDAQ

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

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.

 


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VALUATION

P/E

10.08

Market Cap ($M USD)

$1.06B

Forward P/E

2.94

PEG

0.01

PRICE TO SALES

1.34

PRICE TO BOOK

1.93

EV / EBITDA

6.84

5-Year Average P/E

Free Cash Flow Yield

21.12%

DCF Value

$40.70

Graham Number

$9.23

Price to FCF

4.73

EV to FCF

4.94

Earnings Yield

9.92%

FCF Yield

21.12%

DIVIDEND

Yield

0.00%

Annual Payout

$0.00

Payout Ratio

0.00%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$0.85

Next Year EPS Growth Estimate

$2.92

Next Year Revenue Growth Estimate

$1.20B

Return on Equity (ROE)

17.92%

FREE CASH FLOW

Operating Margin

15.60%

Debt-to-Equity

0.60

Piotroski F-Score

6

Altman Z-Score

2.25

Return on Invested Capital (ROIC)

20.74%

Current Ratio

1.36

Quick Ratio

1.36

Net Debt to EBITDA

0.29

Interest Coverage

88.10

Gross Profit margin

77.54%

FCF PER SHARE

$1.75

REVENUE PER SHARE

$6.17

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Gainseekers Quantitative Analysis

Summary

The market appears to be significantly undervaluing Upwork Inc. relative to its DCF value and Graham Number. With a Forward P/E of 3.41 and an Earnings Yield of 9.66%, the stock is priced for deep value, suggesting substantial upside potential. The Altman Z-score of 2.27 indicates moderate financial health, but not distress. This valuation disconnect, combined with a robust ROIC of 20.74%, suggests the market is overlooking Upwork’s growth prospects and operational efficiency.

AI Exposure / Tech Reliance

In the rapidly evolving staffing and employment services industry, Upwork is well-positioned to leverage AI and modern technology. Its platform-based model aligns with the gig economy's shift towards digital and remote work solutions. This adaptability could enhance its competitive edge as AI continues to transform traditional employment landscapes.

The Bull Case

For the value or GARP investor, Upwork offers compelling reasons to buy. The company boasts a strong ROIC of 20.74%, indicating efficient capital use and competitive advantage. Its FCF Yield of 20.57% and a solid Piotroski F-Score of 6 highlight robust financial health and operational efficiency. With a Gross Profit Margin of 77.54%, Upwork demonstrates significant pricing power, suggesting it can sustain profitability even in competitive markets.

The Bear Case

Despite its strengths, Upwork faces notable risks. The Price/Book ratio of 1.98 and Price/Sales of 1.38 suggest the stock isn't a bargain on these metrics. Additionally, the stock's technical position, trading significantly below its 50-Day and 200-Day SMAs, indicates potential bearish sentiment. While debt levels are manageable, the company's reliance on continued growth to justify its valuation remains a concern.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$14.75

Institutional Ownership %

1-Year Beta

1.07

Insider Buying % (6 Mo)

Distance to 52-Week High

165.89%

Distance to 52-Week Low

13.39%

EARNINGS SURPRISE %

-4.00%

50-DAY SMA

$10.25

200-DAY SMA

$15.55

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.