Upwork
UPWK
Upwork trades at 1.1x EV/NTM revenue on a $873.1M enterprise value. Revenue grew -1.7% year over year to $191.7M in the quarter ending June 2026, an annual run rate of $766.0M. Upwork reports a 76.4% gross margin.
ARR ($M)
Net Dollar Retention
--
ARR Growth
--
EV / NTM Revenue
1.1x
Payback Period
EV / Run Rate
1.1x
Price & Key Metrics
Price Performance
Company Details
Share Price: 9.02
Last Filing Date: 2026-06-30
Fiscal Year End: 12-31
Last Filing: Form
Founding Year: 2013
IPO Year: 2018
% of 52 wk High: 41%
Description
Upwork, formerly Elance-oDesk, is a global freelancing platform where businesses and independent professionals connect and collaborate remotely.
Categories
Marketplace
General Internet Marketplace
Internet
PLG
Valuation
Market Cap: 1,126.628
Enterprise Value: 873.075
EV / Revenue Run Rate: 1.1x
EV / NTM Revenue: 1.1x
EV / 2026 Revenue Estimates: 1.1x
EV / 2027 Revenue Estimates: 1.2x
EV / 2028 Revenue Estimates: --
Key Business Metrics
Net Dollar Retention: --
Customers: --
ARR: --
ARR Growth %: --
ARR/Customer ($K): --
ARR/Employee ($K): --
Revenue
Revenue Run Rate: 766
ARR: --
2026 Revenue Estimates: 765
2027 Revenue Estimates: 756
2028 Revenue Estimates: --
LTM Revenue: 787
Last Year Run Rate: 779
Growth
Revenue Growth: -2%
ARR Growth: --
Growth Persistence: --
2026 Revenue Growth Estimates: -3%
2027 Revenue Growth Estimates: -1%
2028 Revenue Growth Estimates: --
Financials
Quarterly
Calendar Year
Frequently Asked Questions
How fast is Upwork growing?
Upwork grew revenue -1.7% year over year, reaching $191.7M in the quarter ending June 2026.
What multiple does Upwork trade at?
Upwork trades at 1.1x EV/NTM revenue and 1.1x EV/run-rate, on an enterprise value of $873.1M.
Is Upwork profitable?
For Upwork, operating income was $28.1M last quarter and LTM free cash flow margin is 22.2%.
What sector is Upwork in?
Public Comps classifies Upwork under Marketplace, General Internet Marketplace, Internet, and PLG.
Where does Public Comps get Upwork's data?
Figures come from Upwork's own SEC filings, normalised into a consistent quarterly format and refreshed after each earnings release.