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Company Analysis

Upwork Inc. UPWK

A comprehensive view of key metrics, scores, and financial health for Upwork Inc.

Overview of Upwork Inc.

UPWK NMS
Communication Services Internet Content & Information Small Cap
Upwork Inc. (UPWK), is a Small Cap company, in the Internet Content & Information industry, last closed at $12.21, about 29.1% undervalued vs fair value, -7.1% 1Y return, ranked 104/261 in sector.
$12.21
2.95%
As of March 13, 2026
Previous close • Vol 90d: 72.9%
52-Week Range
Market Cap
$1.73B
Enterprise Value
$1.43B
Overall Score
Scores locked

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Top Beats

Quick Facts

Website https://www.upwork.com
HQ Palo Alto, CA
Employees 630
Fiscal year Dec 31

Next Events

Earnings May 6 Estimated

Fair Value Snapshot

Bear Base Bull
$14
$16
$17
Current: $12.21 +29% vs base

Engine Room Money Flow™

Small Cap

Corporate Free Cash Flow - Where revenue goes and how value is created

Flow Steps
Revenue
$787.8M
2.4%%
Gross Profit
$613.0M
3%%
Operating Income
$129.3M
98.3%%
Net Income
$115.4M
-46.5%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Corporate Free Cash Flow

Quality & Reliability Indicators

Cash Conversion Ratio
193.3%
Excellent

FCF / Net Income - measures how well earnings convert to cash

Locked Metric
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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$136.0M
60.9% of FCF

Where It Leaks

Cash Flow Health some concerns
Moderate efficiency issues detected. Review active leaks below for improvement areas.
2
Active Leaks
2/2
Improving
1
High Impact
0
Critical
Locked Leak
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Moat Analysis Corporate Default

Competitive Advantage Assessment

Evaluating Upwork Inc.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
72
/100
Moderate
Scores based on quantitative metrics and qualitative factors

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Pricing Power

Moderate
64
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For informational purposes only. Not investment advice.

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Software SaaS vs Industry Peers 93% Coverage
Trade-Off Triangle Visualization A ternary plot showing UPWK's balance between Growth (22.2%), Profitability (44.6%), and Safety (33.2%). Growth 22% Safety 33% Profitability 45%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

41th percentile vs peers
41
Key Signals
Rev Growth YoY 2.4% 46p Revenue CAGR 3Y 8.4% 45p EPS Growth YoY -45.5% 20p
Strengths
  • Operating Margin in top 20% of peers (16.4%, 84th percentile)
  • Fcf Margin in top 20% of peers (28.3%, 90th percentile)
  • Net Profit Margin in top 20% of peers (14.6%, 83th percentile)
  • Roic in top 20% of peers (9.8%, 80th percentile)
Risks
  • Eps Growth Yoy in bottom 20% of peers (-45.5%)

Profitability

83th percentile vs peers
83
Key Signals
Strengths
Risks
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Safety

61th percentile vs peers
62
Key Signals
Strengths
Safety drilldowns are available to premium members.

Two Futures

Scenario-based fair value ranges for Upwork Inc..

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Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

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  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$15.76
- - -
+29.1% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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