Upwork Overview

  • Year Founded
  • 2014

Year Founded

  • Status
  • Public

  • Employees
  • 600

Employees

  • Stock Symbol
  • UPWK

Stock Symbol

  • Investments
  • 8

  • Share Price
  • $12.92
  • (As of Friday Closing)

Upwork General Information

Description

Upwork Inc is a United States-based company that operates an online marketplace that enables businesses to find and work with skilled independent professionals. The company develops platform for hiring and freelancing purposes. Its products offering include Upwork Basic, Upwork Plus, Upwork Business, Upwork Enterprise, and Upwork Payroll. The business generates revenue from Talent and Clients across the USA, India, the Philippines and the rest of the world. Substantial income is derived from providing services to clients.

Contact Information

Website
www.upwork.com
Formerly Known As
Elance-oDesk
Ownership Status
Publicly Held
Financing Status
Formerly VC-backed
Corporate Office
  • 530 Lytton Avenue
  • Suite 301
  • Palo Alto, CA 94301
  • United States
Primary Industry
Human Capital Services
Other Industries
Social/Platform Software
Business/Productivity Software
Stock Exchange
NAS
Vertical(s)
Corporate Office
  • 530 Lytton Avenue
  • Suite 301
  • Palo Alto, CA 94301
  • United States

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Upwork Stock Performance

As of 11-Jul-2025, Upwork’s stock price is $12.92. Its current market cap is $1.7B with 132M shares.

(As of Friday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$12.92 $13.41 $8.43 - $18.14 $1.7B 132M 2.22M $1.76

Upwork Financials Summary

As of 31-Mar-2025, Upwork has a trailing 12-month revenue of $771M.

In Thousands,
USD
TTM 31-Mar-2025 FY 2024 31-Dec-2024 FY 2023 31-Dec-2023 FY 2022 31-Dec-2022
EV 1,514,766 1,953,738 1,837,634 1,278,004
Revenue 771,094 769,325 689,136 618,318
EBITDA 120,071 108,077 61,595 (78,213)
Net Income 234,874 215,586 46,887 (89,885)
Total Assets 1,240,066 1,211,613 1,037,541 1,080,245
Total Debt 370,410 369,119 367,862 581,940
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Upwork Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Upwork Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion
Price
% Owned

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Upwork Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Upwork Inc is a United States-based company that operates an online marketplace that enables businesses to find and work
Human Capital Services
Palo Alto, CA
600 As of 2024

Pittsburgh, PA
 

Sydney, Australia
 
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Upwork Competitors (14)

One of Upwork’s 14 competitors is Guru.com, a Formerly Angel backed company based in Pittsburgh, PA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Guru.com Formerly Angel backed Pittsburgh, PA
Freelancer Formerly VC-backed Sydney, Australia
Graphite Venture Capital-Backed San Francisco, CA
MBO Partners Private Equity-Backed Ashburn, VA
Remote Venture Capital-Backed Wilmington, DE
You’re viewing 5 of 14 competitors. Get the full list »

Upwork Patents

Upwork Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20220327663-A1 Video super-resolution using deep neural networks Pending 13-Apr-2021
US-10489745-B1 Apparatus, system and method of clustering clients based on their hiring criteria in a job marketplace Active 07-Aug-2014
US-10430763-B1 Apparatus, method and system for classifying freelancers Active 20-Feb-2014
US-11188876-B1 Matching method of providing personalized recommendations and a system thereof Active 15-Mar-2013
US-9842312-B1 Digital workroom Active 19-Feb-2010 G06Q10/103
To view Upwork’s complete patent history, request access »

Upwork Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Upwork Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Upwork Investments & Acquisitions (8)

Upwork’s most recent deal was a Merger/Acquisition with Objective for . The deal was made on 20-Nov-2024.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Objective 20-Nov-2024 Merger/Acquisition Software Development Applications
Headroom (Communication Software) 29-Nov-2023 Merger/Acquisition Communication Software
ATeam 17-May-2022 Early Stage VC Business/Productivity Software
disruptED 01-Jul-2020 Grant Educational Software
Hyperscience 16-Jan-2019 Later Stage VC Business/Productivity Software
You’re viewing 5 of 8 investments and acquisitions. Get the full list »

Upwork ESG

Risk Overview

Risk Rating

Updated May, 30, 2025

17.2 | Low Risk

Risk Scale

A lower score indicates better sustainability

Negl

0-10

Low

10-20

Med

20-30

High

30-40

Severe

40+

Exposure

Exposure refers to the extent to which a company is exposed to different material ESG issues

Management

Management is related to actions taken to manage ESG issues

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

of 14,697

Rank

Percentile

Software & Services

Industry

of 944

Rank

Percentile

Enterprise and Infrastructure Software

Subindustry

of 377

Rank

Percentile

To view Upwork’s complete esg history, request access »

Upwork FAQs

  • When was Upwork founded?

    Upwork was founded in 2014.

  • Where is Upwork headquartered?

    Upwork is headquartered in Palo Alto, CA.

  • What is the size of Upwork?

    Upwork has 600 total employees.

  • What industry is Upwork in?

    Upwork’s primary industry is Human Capital Services.

  • Is Upwork a private or public company?

    Upwork is a Public company.

  • What is Upwork’s stock symbol?

    The ticker symbol for Upwork is UPWK.

  • What is the current stock price of Upwork?

    As of 11-Jul-2025 the stock price of Upwork is $12.92.

  • What is the current market cap of Upwork?

    The current market capitalization of Upwork is $1.7B.

  • What is Upwork’s current revenue?

    The trailing twelve month revenue for Upwork is $771M.

  • Who are Upwork’s competitors?

    Guru.com, Freelancer, Graphite, MBO Partners, and Remote are some of the 14 competitors of Upwork.

  • What is Upwork’s annual earnings per share (EPS)?

    Upwork’s EPS for 12 months was $1.76.

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