(UPWK) Upwork - Overview
Exchange: NASDAQ •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US91688F1049
Stock: Marketplace, Payroll, Enterprise, Managed, Escrow
Total Rating 44
Risk 70
Buy Signal -0.51
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 66.5% |
| Relative Tail Risk | -14.7% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.53 |
| Alpha | 2.90 |
| Character TTM | |
|---|---|
| Beta | 1.143 |
| Beta Downside | 1.131 |
| Drawdowns 3y | |
|---|---|
| Max DD | 45.48% |
| CAGR/Max DD | 0.33 |
Description: UPWK Upwork January 16, 2026
Upwork Inc. (NASDAQ: UPWK) runs a global online marketplace that matches businesses with independent professionals and agencies across categories such as administrative support, sales & marketing, design, customer service, and software development. The platform streamlines talent sourcing, outreach, contracting, and remote collaboration, offering tools for communication, invoicing, payment protection, and ancillary services like Upwork Payroll, enterprise solutions, managed talent, and escrow.
Key metrics (FY 2023): revenue of roughly $525 million, a 22 % year-over-year increase driven by higher gross merchandise volume (GMV) and expanding enterprise contracts; an active freelancer base exceeding 15 million, with over 1 million active clients. Macro-level drivers include the sustained shift toward remote work, a tightening U.S. labor market that pushes firms toward flexible talent, and the broader gig-economy expansion projected to grow at ~9 % CAGR through 2028.
For a deeper quantitative assessment, you might explore ValueRay’s analyst models on UPWK to see how these trends translate into valuation scenarios.
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income: 247.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.13 > 0.02 and ΔFCF/TA 1.81 > 1.0 |
| NWC/Revenue: 36.94% < 20% (prev 81.37%; Δ -44.43% < -1%) |
| CFO/TA 0.15 > 3% & CFO 193.0m > Net Income 247.0m |
| Net Debt (110.3m) to EBITDA (141.7m): 0.78 < 3 |
| Current Ratio: 1.44 > 1.5 & < 3 |
| Outstanding Shares: last quarter (139.7m) vs 12m ago 0.27% < -2% |
| Gross Margin: 77.75% > 18% (prev 0.77%; Δ 7699 % > 0.5%) |
| Asset Turnover: 65.79% > 50% (prev 71.69%; Δ -5.90% > 0%) |
| Interest Coverage Ratio: 172.2 > 6 (EBITDA TTM 141.7m / Interest Expense TTM 700.0k) |
Altman Z'' 2.21
| A: 0.22 (Total Current Assets 949.0m - Total Current Liabilities 660.5m) / Total Assets 1.31b |
| B: 0.02 (Retained Earnings 21.3m / Total Assets 1.31b) |
| C: 0.10 (EBIT TTM 120.5m / Avg Total Assets 1.19b) |
| D: 0.03 (Book Value of Equity 22.2m / Total Liabilities 683.1m) |
| Altman-Z'' Score: 2.21 = BBB |
Beneish M -2.26
| DSRI: 1.07 (Receivables 76.4m/69.4m, Revenue 780.9m/761.8m) |
| GMI: 0.99 (GM 77.75% / 76.72%) |
| AQI: 2.10 (AQ_t 0.24 / AQ_t-1 0.11) |
| SGI: 1.03 (Revenue 780.9m / 761.8m) |
| TATA: 0.04 (NI 247.0m - CFO 193.0m) / TA 1.31b) |
| Beneish M-Score: -2.26 (Cap -4..+1) = BBB |
What is the price of UPWK shares?
As of February 07, 2026, the stock is trading at USD 18.93 with a total of 3,441,514 shares traded.
Over the past week, the price has changed by -5.49%, over one month by -6.61%, over three months by +17.21% and over the past year by +20.04%.
Over the past week, the price has changed by -5.49%, over one month by -6.61%, over three months by +17.21% and over the past year by +20.04%.
Is UPWK a buy, sell or hold?
Upwork has received a consensus analysts rating of 3.73.
Therefor, it is recommend to hold UPWK.
- StrongBuy: 2
- Buy: 4
- Hold: 5
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the UPWK price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 23.9 | 26.3% |
| Analysts Target Price | 23.9 | 26.3% |
| ValueRay Target Price | 18.5 | -2.2% |
UPWK Fundamental Data Overview February 02, 2026
P/E Trailing = 11.5115
P/E Forward = 14.2045
P/S = 3.4015
P/B = 4.1643
P/EG = 0.9813
Revenue TTM = 780.9m USD
EBIT TTM = 120.5m USD
EBITDA TTM = 141.7m USD
Long Term Debt = 357.9m USD (from longTermDebt, last fiscal year)
Short Term Debt = 361.0m USD (from shortTermDebt, last quarter)
Debt = 371.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 110.3m USD (from netDebt column, last quarter)
Enterprise Value = 2.38b USD (2.66b + Debt 371.1m - CCE 643.1m)
Interest Coverage Ratio = 172.2 (Ebit TTM 120.5m / Interest Expense TTM 700.0k)
EV/FCF = 13.63x (Enterprise Value 2.38b / FCF TTM 175.0m)
FCF Yield = 7.34% (FCF TTM 175.0m / Enterprise Value 2.38b)
FCF Margin = 22.41% (FCF TTM 175.0m / Revenue TTM 780.9m)
Net Margin = 31.63% (Net Income TTM 247.0m / Revenue TTM 780.9m)
Gross Margin = 77.75% ((Revenue TTM 780.9m - Cost of Revenue TTM 173.7m) / Revenue TTM)
Gross Margin QoQ = 77.28% (prev 77.72%)
Tobins Q-Ratio = 1.82 (Enterprise Value 2.38b / Total Assets 1.31b)
Interest Expense / Debt = 0.19% (Interest Expense 700.0k / Debt 371.1m)
Taxrate = 17.77% (6.34m / 35.7m)
NOPAT = 99.1m (EBIT 120.5m * (1 - 17.77%))
Current Ratio = 1.44 (Total Current Assets 949.0m / Total Current Liabilities 660.5m)
Debt / Equity = 0.59 (Debt 371.1m / totalStockholderEquity, last quarter 628.1m)
Debt / EBITDA = 0.78 (Net Debt 110.3m / EBITDA 141.7m)
Debt / FCF = 0.63 (Net Debt 110.3m / FCF TTM 175.0m)
Total Stockholder Equity = 601.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 20.81% (Net Income 247.0m / Total Assets 1.31b)
RoE = 41.05% (Net Income TTM 247.0m / Total Stockholder Equity 601.6m)
RoCE = 12.56% (EBIT 120.5m / Capital Employed (Equity 601.6m + L.T.Debt 357.9m))
RoIC = 10.32% (NOPAT 99.1m / Invested Capital 960.2m)
WACC = 8.91% (E(2.66b)/V(3.03b) * Re(10.13%) + D(371.1m)/V(3.03b) * Rd(0.19%) * (1-Tc(0.18)))
Discount Rate = 10.13% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.45%
[DCF Debug] Terminal Value 71.84% ; FCFF base≈154.0m ; Y1≈130.3m ; Y5≈98.9m
Fair Price DCF = 10.93 (EV 1.54b - Net Debt 110.3m = Equity 1.43b / Shares 130.7m; r=8.91% [WACC]; 5y FCF grow -18.60% → 2.90% )
EPS Correlation: 72.26 | EPS CAGR: 20.30% | SUE: -4.0 | # QB: 0
Revenue Correlation: 95.24 | Revenue CAGR: 10.90% | SUE: 2.58 | # QB: 5
EPS next Quarter (2026-03-31): EPS=0.34 | Chg30d=+0.004 | Revisions Net=+1 | Analysts=7
EPS next Year (2026-12-31): EPS=1.42 | Chg30d=+0.003 | Revisions Net=+1 | Growth EPS=+5.5% | Growth Revenue=+6.5%
P/E Forward = 14.2045
P/S = 3.4015
P/B = 4.1643
P/EG = 0.9813
Revenue TTM = 780.9m USD
EBIT TTM = 120.5m USD
EBITDA TTM = 141.7m USD
Long Term Debt = 357.9m USD (from longTermDebt, last fiscal year)
Short Term Debt = 361.0m USD (from shortTermDebt, last quarter)
Debt = 371.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 110.3m USD (from netDebt column, last quarter)
Enterprise Value = 2.38b USD (2.66b + Debt 371.1m - CCE 643.1m)
Interest Coverage Ratio = 172.2 (Ebit TTM 120.5m / Interest Expense TTM 700.0k)
EV/FCF = 13.63x (Enterprise Value 2.38b / FCF TTM 175.0m)
FCF Yield = 7.34% (FCF TTM 175.0m / Enterprise Value 2.38b)
FCF Margin = 22.41% (FCF TTM 175.0m / Revenue TTM 780.9m)
Net Margin = 31.63% (Net Income TTM 247.0m / Revenue TTM 780.9m)
Gross Margin = 77.75% ((Revenue TTM 780.9m - Cost of Revenue TTM 173.7m) / Revenue TTM)
Gross Margin QoQ = 77.28% (prev 77.72%)
Tobins Q-Ratio = 1.82 (Enterprise Value 2.38b / Total Assets 1.31b)
Interest Expense / Debt = 0.19% (Interest Expense 700.0k / Debt 371.1m)
Taxrate = 17.77% (6.34m / 35.7m)
NOPAT = 99.1m (EBIT 120.5m * (1 - 17.77%))
Current Ratio = 1.44 (Total Current Assets 949.0m / Total Current Liabilities 660.5m)
Debt / Equity = 0.59 (Debt 371.1m / totalStockholderEquity, last quarter 628.1m)
Debt / EBITDA = 0.78 (Net Debt 110.3m / EBITDA 141.7m)
Debt / FCF = 0.63 (Net Debt 110.3m / FCF TTM 175.0m)
Total Stockholder Equity = 601.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 20.81% (Net Income 247.0m / Total Assets 1.31b)
RoE = 41.05% (Net Income TTM 247.0m / Total Stockholder Equity 601.6m)
RoCE = 12.56% (EBIT 120.5m / Capital Employed (Equity 601.6m + L.T.Debt 357.9m))
RoIC = 10.32% (NOPAT 99.1m / Invested Capital 960.2m)
WACC = 8.91% (E(2.66b)/V(3.03b) * Re(10.13%) + D(371.1m)/V(3.03b) * Rd(0.19%) * (1-Tc(0.18)))
Discount Rate = 10.13% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.45%
[DCF Debug] Terminal Value 71.84% ; FCFF base≈154.0m ; Y1≈130.3m ; Y5≈98.9m
Fair Price DCF = 10.93 (EV 1.54b - Net Debt 110.3m = Equity 1.43b / Shares 130.7m; r=8.91% [WACC]; 5y FCF grow -18.60% → 2.90% )
EPS Correlation: 72.26 | EPS CAGR: 20.30% | SUE: -4.0 | # QB: 0
Revenue Correlation: 95.24 | Revenue CAGR: 10.90% | SUE: 2.58 | # QB: 5
EPS next Quarter (2026-03-31): EPS=0.34 | Chg30d=+0.004 | Revisions Net=+1 | Analysts=7
EPS next Year (2026-12-31): EPS=1.42 | Chg30d=+0.003 | Revisions Net=+1 | Growth EPS=+5.5% | Growth Revenue=+6.5%