
Upwork acquired WorkMotion to expand Lifted enterprise capabilities globally. Business Plus revenue grew 120% year over year in Q3.
Upwork Inc. operates an online talent marketplace that enables companies to find and work with various independent professionals and agencies in the United States, India, the Philippines, and internationally. The company is headquartered in Santa Clara, California.
| Revenue (TTM) | $771.15M |
| Gross Profit (TTM) | $593.52M |
| EBITDA | $161.94M |
| Operating Margin | 24.00% |
| Return on Equity | 16.30% |
| Return on Assets | 8.22% |
| Revenue/Share (TTM) | $6.08 |
| Book Value | $5.20 |
| Price-to-Book | 1.99 |
| Price-to-Sales (TTM) | 1.63 |
| EV/Revenue | 1.312 |
| EV/EBITDA | 6.27 |
| Quarterly Earnings Growth (YoY) | 17.10% |
| Quarterly Revenue Growth (YoY) | -8.00% |
| Shares Outstanding | $125.78M |
| Float | $111.99M |
| % Insiders | 5.23% |
| % Institutions | 105.08% |
Volatility is currently expanding

Upwork acquired WorkMotion to expand Lifted enterprise capabilities globally. Business Plus revenue grew 120% year over year in Q3.

Upwork rallied ~10% post-Q3 earnings despite worsening revenue contractions and ongoing secular headwinds. I maintain a "Sell" rating on UPWK, as upward guidance momentum does not offset concerns about long-term sustainability. The recent stock rebound (+20% since September) appears disconnected from fundamental challenges facing the business.

Upwork Inc. ( UPWK ) Q3 2026 Earnings Call November 2, 2026 5:00 PM EST Company Participants Denise Garcia Hayden Brown - President, CEO, Interim Principal Financial Officer & Director Erica Gessert - Chief Financial Officer (Leave of Absence) Conference Call Participants Joshua Chan - UBS Investment Bank, Research Division Stefanos Crist - Needham & Company, LLC, Research Division Eric Sheridan - Goldman Sachs Group, Inc., Research Division Carter Parlette - Citizens JMP Securities, LLC, Research Division Sang-Jin Byun - Jefferies LLC, Research Division Ronald Josey - Citigroup Inc., Research Division Presentation Operator Thank you for standing by, and welcome to Upwork's Third Quarter 2026 Earnings Conference Call. [Operator Instructions] I would now like to hand the call over to Denise Garcia, Investor Relations.

Upwork NASDAQ: UPWK reported third-quarter results above its guidance range as the freelance-work platform emphasized its shift toward higher-value, more complex work, larger clients and AI-enabled demand channels.

Lifted, an Upwork company, acquires WorkMotion, a leading employer of record (EOR)

PALO ALTO, Calif., Nov. 02, 2026 (GLOBE NEWSWIRE) -- U pwork Inc. (NASDAQ: UPWK), the world's human and AI-powered work marketplace, today announced the public beta of Upwork Now.

Upwork (NASDAQ:UPWK) reports third-quarter results on Nov. 2, and its shares are down 52.27% so far this year. Management has cut guidance twice in 2026.

PALO ALTO, Calif., Oct. 12, 2026 (GLOBE NEWSWIRE) -- Upwork Inc. (Nasdaq: UPWK), the world's human and AI-powered work marketplace, today announced that it will report its financial results for the third quarter of 2026 on Monday, November 2, 2026 after market close. The company will host a Q&A conference call to discuss these results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.

BENSALEM, Pa., Sept. 07, 2026 (GLOBE NEWSWIRE) -- Law Offices of Howard G. Smith continues its investigation on behalf of Upwork Inc. (“Upwork” or the “Company”) (NASDAQ: UPWK) investors concerning the Company's possible violations of federal securities laws.

LOS ANGELES, Sept. 04, 2026 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz continues its investigation of Upwork Inc. (“Upwork” or the “Company”) (NASDAQ: UPWK) on behalf of investors concerning the Company's possible violations of federal securities laws.
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