Upwork Inc.
UPWK · NASDAQ
12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | |
|---|---|---|---|---|
| Revenue | $769,325 | $689,136 | $618,318 | $502,797 |
| % Growth | 11.6% | 11.5% | 23% | – |
| Cost of Goods Sold | $174,094 | $170,450 | $160,402 | $135,508 |
| Gross Profit | $595,231 | $518,686 | $457,916 | $367,289 |
| % Margin | 77.4% | 75.3% | 74.1% | 73% |
| R&D Expenses | $209,283 | $177,363 | $154,553 | $119,083 |
| G&A Expenses | $128,803 | $118,925 | $123,952 | $113,081 |
| SG&A Expenses | $314,014 | $339,606 | $370,834 | $296,375 |
| Sales & Mktg Exp. | $185,211 | $220,681 | $246,882 | $183,294 |
| Other Operating Expenses | $6,728 | $12,977 | $25,153 | $6,048 |
| Operating Expenses | $530,025 | $529,946 | $550,540 | $421,506 |
| Operating Income | $65,206 | -$11,260 | -$92,624 | -$54,217 |
| % Margin | 8.5% | -1.6% | -15% | -10.8% |
| Other Income/Exp. Net | $25,221 | $60,137 | $3,275 | -$1,901 |
| Pre-Tax Income | $90,427 | $48,877 | -$89,349 | -$56,118 |
| Tax Expense | -$125,159 | $1,990 | $536 | $122 |
| Net Income | $215,586 | $46,887 | -$89,885 | -$56,240 |
| % Margin | 28% | 6.8% | -14.5% | -11.2% |
| EPS | 1.61 | 0.35 | -0.69 | -0.44 |
| % Growth | 360% | 150.7% | -56.8% | – |
| EPS Diluted | 1.52 | 0.34 | -0.69 | -0.44 |
| Weighted Avg Shares Out | 133,621 | 134,774 | 130,518 | 127,164 |
| Weighted Avg Shares Out Dil | 143,152 | 137,263 | 130,518 | 127,164 |
| Supplemental Information | – | – | – | – |
| Interest Income | $30,700 | $0 | $0 | $0 |
| Interest Expense | $2,700 | $0 | $4,483 | $2,180 |
| Depreciation & Amortization | $17,650 | $12,718 | $11,136 | $13,806 |
| EBITDA | $82,856 | $1,458 | -$81,488 | -$40,132 |
| % Margin | 10.8% | 0.2% | -13.2% | -8% |