UPWORK, INC
UPWK · XNASCIK 1627475fmd_1XBCRGBPB8FERFJ5VWKYM6WV7RServices · Services-Computer Processing & Data PreparationTemplate: Standard
Coverage: Jan 01, 2016 to Sep 30, 2026, 38 periods
| Line item | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenues | 164 | 203 | 253 | 301 | 374 | 503 | 618 | 689 | 769 | 788 |
| Cost of revenue | 63 | 65 | 81 | 1 | 3 | 136 | 160 | 170 | 174 | 175 |
| Net interest income | – | – | – | – | – | 0 | 8 | 24 | – | – |
| Gross profit | 102 | 137 | 172 | 212 | 269 | 367 | 458 | 519 | 595 | 613 |
| Provision for credit losses | – | – | – | – | – | 5 | 23 | 9 | 6 | 7 |
| Research and development | 38 | 46 | 55 | 64 | 83 | 119 | 155 | 177 | 209 | 186 |
| Net interest income after provision | – | – | – | – | – | (5) | (15) | 16 | – | – |
| Selling, general and administrative | 73 | 90 | 122 | 163 | 205 | 296 | 371 | 340 | 314 | 290 |
| Total operating expenses | 116 | 140 | 184 | 231 | 292 | 422 | 551 | 530 | 530 | 484 |
| Operating income | (14) | (3) | (12) | (19) | (22) | (54) | (93) | (11) | 65 | 129 |
| Interest expense | 1 | 1 | 2 | 1 | 1 | 2 | 4 | – | – | – |
| Interest and investment income | – | – | – | – | – | – | 8 | 24 | 28 | 27 |
| Other non-operating income (expense) | (1) | (0) | (6) | 3 | 0 | (2) | 3 | 60 | 25 | 24 |
| Income before taxes | (16) | (4) | (20) | (17) | (23) | (56) | (89) | 49 | 90 | 153 |
| Income tax expense | (0) | (0) | 0 | 0 | 0 | 0 | 1 | 2 | (125) | 38 |
| Net income from continuing operations | (16) | (4) | (20) | (17) | (23) | (56) | (90) | 47 | 216 | 115 |
| Net income | (16) | (4) | (20) | (17) | (23) | (56) | (90) | 47 | 216 | 115 |
| Net income to common shareholders | (16) | (11) | (20) | (17) | – | (56) | (90) | 47 | 216 | 115 |