UPWORK, INC
For the period ended Aug 10, 2026. Filed Aug 10, 2026.
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Aug 10, 2026 · Filed Aug 10, 2026
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UPWK$10.02-2.9%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (In thousands, except for per share data)
(In thousands, except for per share data)
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenue | ||||
| Marketplace | $166,858 | $170,660 | $337,563 | $336,953 |
| Enterprise | 24,802 | 24,279 | 49,580 | 50,692 |
| Total revenue | 191,660 | 194,939 | 387,143 | 387,645 |
| Cost of revenue | 45,288 | 43,432 | 89,929 | 85,238 |
| Gross profit | 146,372 | 151,507 | 297,214 | 302,407 |
| Operating expenses | ||||
| Research and development | 43,894 | 44,843 | 87,201 | 90,995 |
| Sales and marketing | 34,914 | 36,671 | 72,351 | 72,422 |
| General and administrative | 36,878 | 35,659 | 72,036 | 63,707 |
| Provision for transaction losses | 2,549 | 1,769 | 4,771 | 4,028 |
| Total operating expenses | 118,235 | 118,942 | 236,359 | 231,152 |
| Income from operations | 28,137 | 32,565 | 60,855 | 71,255 |
| Other income, net | 3,966 | 5,878 | 8,958 | 12,195 |
| Income before income taxes | 32,103 | 38,443 | 69,813 | 83,450 |
| Income tax provision | (6,699) | (5,717) | (12,948) | (12,994) |
| Net income | $25,404 | $32,726 | $56,865 | $70,456 |
| Net income per share: | ||||
| Basic | $0.21 | $0.25 | $0.45 | $0.53 |
| Diluted | $0.20 | $0.24 | $0.44 | $0.50 |
| Weighted-average shares used to compute net income per share: | ||||
| Basic | 123,918 | 132,183 | 126,005 | 133,687 |
| Diluted | 129,958 | 140,198 | 132,784 | 141,866 |
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