upwork is the world’s work marketplace. we serve everyone from one-person startups to over 30% of the fortune 100 with a powerful, trust-driven platform that enables companies and talent to work together in new ways that unlock their potential. our talent community earned over $3.3 billion on upwork in 2021 across more than 10,000 skills in categories including website & app development, creative & design, customer support, finance & accounting, consulting, and operations.
Company profile
Ticker
UPWK
Exchange
Website
CEO
Hayden Brown
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Upwork Inc.
SEC CIK
Corporate docs
Subsidiaries
Elance, Inc. • Upwork Global Inc. • Upwork Talent Group Inc. • Upwork Escrow Inc. • Elance Limited • UPW Holdco, Inc. • Upwork Payments Inc. ...
IRS number
464337682
UPWK stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
23 Apr 24
DEFA14A
Additional proxy soliciting materials
23 Apr 24
DEF 14A
Definitive proxy
23 Apr 24
S-8
Registration of securities for employees
15 Feb 24
10-K
2023 FY
Annual report
15 Feb 24
8-K
Upwork Reports Fourth Quarter and Full Year 2023 Financial Results
14 Feb 24
10-Q
2023 Q3
Quarterly report
7 Nov 23
8-K
Results of Operations and Financial Condition
7 Nov 23
10-Q
2023 Q2
Quarterly report
2 Aug 23
8-K
Results of Operations and Financial Condition
2 Aug 23
Transcripts
UPWK
Earnings call transcript
2023 Q4
14 Feb 24
UPWK
Earnings call transcript
2023 Q3
7 Nov 23
UPWK
Earnings call transcript
2023 Q2
3 Aug 23
UPWK
Earnings call transcript
2023 Q2
2 Aug 23
UPWK
Earnings call transcript
2023 Q1
3 May 23
UPWK
Earnings call transcript
2023 Q1
3 May 23
UPWK
Earnings call transcript
2022 Q4
15 Feb 23
UPWK
Earnings call transcript
2022 Q3
27 Oct 22
UPWK
Earnings call transcript
2022 Q2
28 Jul 22
UPWK
Earnings call transcript
2022 Q1
28 Apr 22
Latest ownership filings
4
Olivier Marie
22 Apr 24
4
Olivier Marie
20 Mar 24
4
Erica Gessert
20 Mar 24
4
Hayden Brown
19 Mar 24
144
Notice of proposed sale of securities
18 Mar 24
144
Notice of proposed sale of securities
15 Mar 24
4
Olivier Marie
26 Feb 24
144
Notice of proposed sale of securities
22 Feb 24
4
Hayden Brown
21 Feb 24
4
Olivier Marie
21 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 329.19 mm | 329.19 mm | 329.19 mm | 329.19 mm | 329.19 mm | 329.19 mm |
Cash burn (monthly) | 2.32 mm | 124.33 k | (no burn) | 2.87 mm | (no burn) | (no burn) |
Cash used (since last report) | 15.78 mm | 845.38 k | n/a | 19.49 mm | n/a | n/a |
Cash remaining | 313.40 mm | 328.34 mm | n/a | 309.69 mm | n/a | n/a |
Runway (months of cash) | 135.0 | 2640.8 | n/a | 108.0 | n/a | n/a |
Institutional ownership, Q3 2023
75.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 228 |
Opened positions | 46 |
Closed positions | 28 |
Increased positions | 82 |
Reduced positions | 69 |
13F shares | Current |
---|---|
Total value | 1.21 tn |
Total shares | 103.28 mm |
Total puts | 1.86 mm |
Total calls | 1.18 mm |
Total put/call ratio | 1.6 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 14.57 mm | $165.46 bn |
BLK Blackrock | 8.78 mm | $99.74 bn |
Ancient Art | 5.86 mm | $66.55 bn |
Baillie Gifford & Co | 5.21 mm | $59.17 bn |
Capital International Investors | 4.60 mm | $52.26 bn |
Dorsey Asset Management | 4.47 mm | $50.83 bn |
Sofos Investments | 3.89 mm | $86.33 bn |
ATOMVEST | 3.03 mm | $34.46 bn |
STT State Street | 2.74 mm | $31.08 bn |
Citadel Advisors | 2.62 mm | $29.78 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
18 Apr 24 | Olivier Marie | Common Stock | Sell | Dispose S | No | No | 11.1981 | 223 | 2.50 k | 7,565 |
18 Apr 24 | Olivier Marie | Common Stock | Option exercise | Acquire M | No | No | 0 | 592 | 0.00 | 7,788 |
18 Apr 24 | Olivier Marie | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 592 | 0.00 | 1,774 |
18 Mar 24 | Olivier Marie | Common Stock | Sell | Dispose S | No | No | 12.2012 | 967 | 11.80 k | 7,196 |
18 Mar 24 | Olivier Marie | Common Stock | Option exercise | Acquire M | No | No | 0 | 2,635 | 0.00 | 8,163 |
18 Mar 24 | Olivier Marie | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 2,635 | 0.00 | 23,712 |
18 Mar 24 | Olivier Marie | RSU Common Stock | Grant | Acquire A | No | No | 0 | 16,962 | 0.00 | 16,962 |
18 Mar 24 | Erica Gessert | RSU Common Stock | Grant | Acquire A | No | No | 0 | 134,926 | 0.00 | 134,926 |
18 Mar 24 | Hayden Brown | RSU Common Stock | Grant | Acquire A | No | No | 0 | 283,731 | 0.00 | 283,731 |
15 Mar 24 | Hayden Brown | Common Stock | Sell | Dispose S | No | Yes | 12.0713 | 20,000 | 241.43 k | 1,145,980 |
News
GoDaddy And Upwork Partner To Funnel More Opportunities To Web Designers And Developers
17 Apr 24
JMP Securities Maintains Market Outperform on Upwork, Raises Price Target to $17
15 Feb 24
Upwork Analysts Raise Their Forecasts Following Strong Q4 Results
15 Feb 24
The Analyst Verdict: Upwork In The Eyes Of 4 Experts
15 Feb 24
RBC Capital Maintains Sector Perform on Upwork, Raises Price Target to $18
15 Feb 24
Press releases
GoDaddy and Upwork Partner to Funnel More Opportunities to Web Designers and Developers
17 Apr 24
Upwork Premieres New Partner Program to Expand Ecosystem of Companies Transforming How We Work
17 Apr 24
Upwork to Report First Quarter Financial Results on May 1, 2024
4 Apr 24
Upwork to Present at the JMP Technology Conference
20 Feb 24
Upwork Reports Fourth Quarter and Full Year 2023 Financial Results
14 Feb 24