Upwork Inc., together with its subsidiaries, operates a work marketplace that connects businesses with various independent professionals and agencies in the United States, India, the Philippines, and internationally. The company's work marketplace provides access to talent with various skills across a range of categories, including sales and marketing, customer service, data science and analytics, design and creative, web, mobile, and software development. Its work marketplace also enables clients to streamline workflows, such as talent sourcing, outreach, and contracting. The company's work marketplace offers access to various functionalities for remote engagements with talent, including communication and collaboration, ability to receive talent invoices through their work marketplace, and payment protection. Its marketplace offerings include Upwork Basic, Upwork Plus, Upwork Enterprise, and Upwork Payroll, as well as managed and internet escrow agency services. The company was formerly known as Elance-oDesk, Inc. and changed its name to Upwork Inc. in May 2015. Upwork Inc. was incorporated in 2013 and is headquartered in San Francisco, California.
Revenue of Upwork Inc. (UPWK)
Revenue in 2023 (TTM): $689.14 M
According to Upwork Inc.'s latest financial reports the company's current revenue (TTM) is $689.14 M. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of Upwork Inc.
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $689.14 M | $518.69 M | $1.46 M | $48.88 M | $46.89 M |
| 2022 | $618.32 M | $457.92 M | $-81,488,000 | $-89,349,000 | $-89,885,000 |
| 2021 | $502.8 M | $367.29 M | $-40,132,000 | $-56,118,000 | $-56,240,000 |
| 2020 | $373.63 M | $269.36 M | $-7,907,000 | $-22,717,000 | $-22,867,000 |
| 2019 | $300.56 M | $212.42 M | $-5,880,000 | $-16,631,000 | $-16,659,000 |
| 2018 | $253.35 M | $171.9 M | $-12,905,000 | $-19,892,000 | $-19,907,000 |
| 2017 | $202.55 M | $137.11 M | $1 M | $-4,145,000 | $-4,123,000 |
| 2016 | $164.45 M | $101.87 M | $-6,914,000 | $-16,234,000 | $-16,233,000 |