The Tip Desk

UPWORK, INC

Financial highlights

Amounts in millions
MetricFY 12/31/25FY 12/31/24FY 12/31/23FY 12/31/22FY 12/31/21
Income Statement
Revenue$787.8$769.3$689.1$618.3$502.8
Operating income$129.3$65.2-$11.3-$92.6-$54.2
Net income$115.4$215.6$46.9-$89.9-$56.2
Balance Sheet
Total debt$361.0$361.0$361.0$575.0$575.0
Cash Flow Statement
Free cash flow$242.5$150.0$52.0$10.2$9.8
Share repurchases$136.0$100.0$0.0$0.0—

Shares outstanding 123.5M · Free float 95.1%

Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.

Earnings