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Company News

Upwork Reports Third Quarter 2025 Financial Results

Upwork posted record Q3 2025 results with revenue of $201.7M (+4% YoY), GAAP net income of $29.3M (+6% YoY), and an all-time-high adjusted EBITDA of $59.6M (30% margin). AI work on the marketplace accelerated—AI-related GSV rose 53% YoY whi

Nov 4, 2025
Company News

Upwork Inc. Introduces Lifted, a Subsidiary Serving Enterprises with Full Suite of Contingent Workforce Solutions

Upwork Inc. has launched Lifted, a wholly owned subsidiary designed to help enterprises manage the full spectrum of contingent workforce needs, including independent contractors, AOR, EOR, staff augmentation, and SOW engagements. Built on r

Aug 19, 2025
Company News

Upwork Reports Second Quarter 2025 Financial Results

Upwork reported strong Q2 2025 financial results, with record revenue of $194.9 million , GAAP net income of $32.7 million , and adjusted EBITDA of $57.1 million , marking a 17% profit margin and a record 29% EBITDA margin. The company rais

Aug 8, 2025
Company News

Upwork Reports Fourth Quarter and Full Year 2024 Financial Results

Upwork reported record-breaking financial results for Q4 2024 and the full year 2024 , achieving all-time highs in revenue ($769.3M, up 12%) , GAAP net income ($215.6M, up 360%) , and adjusted EBITDA ($167.6M, up 129%) . The company also sa

Feb 13, 2025
Earnings

Upwork’s Q3 2024 Financial Results: $193.8M Revenue, Record Net Income of $27.8M, and 22% Adjusted EBITDA Margin

Upwork reported strong financial performance in Q3 2024, achieving a 10% year-over-year revenue increase, with GAAP net income reaching a record $27.8 million and adjusted EBITDA at $43.2 million. The company raised its full-year guidance a

Nov 7, 2024
Company News

Upwork Shatters Financial Records with $22.2M Net Income in Q2 2024

Upwork Inc.  (Nasdaq: UPWK), reported its financial results for Q2 2024, showcasing a robust performance with a record GAAP net income of $22.2 million and a 15% year-over-year revenue growth to $193.1 million. The company achieved a dilute

Aug 7, 2024
Earnings

Upwork Reports First Quarter 2024 Financial Results

Upwork Inc. reported a robust Q1 2024 with a significant increase in net income to $18.4 million and Adjusted EBITDA to $33.3 million, marking substantial improvements from the previous year. The company announced a 19% year-over-year reven

May 2, 2024
Company News

Upwork Premieres New Partner Program to Expand Ecosystem of Companies Transforming How We Work

U pwork  (NASDAQ: UPWK) has unveiled the Upwork Partners program, a new initiative designed to enhance business collaborations and increase productivity through the integration of skilled independent professionals. The program includes thre

Apr 17, 2024
HR Technology

Birth of the First AI Engineer: How Devin is Redefining the Software Industry

In the cutting-edge realm of artificial intelligence and software development, a revolutionary milestone has been reached with the introduction of Devin, the world's first fully autonomous AI software engineer. Created by the innovative min

Mar 13, 2024
Earnings

Upwork Reports Fourth Quarter and Full Year 2023 Financial Results

Upwork Inc. reported significant financial achievements for the fourth quarter and full year of 2023, demonstrating robust growth and profitability. The company's fourth-quarter GAAP Net Income reached $17.4 million with an Adjusted EBITDA

Feb 14, 2024
Product News

Upwork Study Finds 64 Million Americans Freelanced in 2023, Adding $1.27 Trillion to U.S. Economy

The "Freelance Forward: 2023" report by Upwork reveals a significant shift in the U.S. labor market towards freelancing. With 64 million Americans, or 38% of the workforce, now freelancing, the sector contributes $1.27 trillion annually to

Dec 12, 2023
Earnings

Upwork Reports Second Quarter 2023 Financial Results with 7% YoY Increase in Revenue

SAN FRANCISCO, Aug. 02, 2023 -- Upwork Inc. (Nasdaq: UPWK), the world’s largest work marketplace that connects businesses with independent talent from across the globe, announced its financial results for the second quarter of 2023. Q2’23 F

Aug 10, 2023
Company News

Upwork Launches New Generative AI Tools and Services Hub, Creating Central Destination for Skilled AI Talent and Work

Generative AI-enabled experiences for talent and businesses on Upwork accelerate the movement towards AI-empowered workforces SAN FRANCISCO, Calif. - July 11, 2023 -   Upwork  (Nasdaq: UPWK), the world’s work marketplace, today announced a

Jul 12, 2023
Company News

US-based Talent Platform Upwork Expands to Support Full-Time Hiring, Further Unlocking the World’s Work Marketplace for All

New end-to-end hiring solution enables businesses to find, vet, hire and pay global talent for full-time work, with tools to address complexity and risk SAN FRANCISCO, Calif. – February 13, 2023 –  Upwork  (NASDAQ: UPWK), the world’s work m

Feb 13, 2023
News

Upwork Study Finds 60 Million Americans Freelancing in 2022

Total freelance professionals reaches all-time high as people reevaluate the old ways of work SAN FRANCISCO-- Upwork  (Nasdaq: UPWK), the world’s work marketplace that connects businesses with independent talent, today released the results

Dec 15, 2022
Upwork Announces the Suspension of Business in Russia and Belarus and Withdraws First Quarter and Full-Year 2022 Guidance due to Uncertainties Related to Russian Invasion of Ukraine
News

Upwork Announces the Suspension of Business in Russia and Belarus and Withdraws First Quarter and Full-Year 2022 Guidance due to Uncertainties Related to Russian Invasion of Ukraine

SAN FRANCISCO – March  7, 2022  – Upwork Inc. (Nasdaq: UPWK), the world’s largest work marketplace that connects businesses with independent talent, as measured by gross services volume (“GSV”), today announced the suspension of all busines

Mar 7, 2022
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