UPWORK, INC (UPWK)

Watch
Watch: trades at a reasonable 9.7x trailing earnings
$9.02
Last close
-39.5%
1-year return
UPWK Bull Case vs. Bear Case

A data-driven read of UPWK's strengths and risk factors, built from its financials, earnings history, analyst activity, and insider trading, not opinion or speculation.

Strengths
Operating margin is the highest in the last 8 years on record.
Holds more cash & investments than debt (net cash position).
Free cash flow (210% of net income) exceeds reported profit, a sign of high earnings quality.
Share count fell 3.5% year over year via buybacks.
Beats EPS estimates 89% of the time.
Watch Items
Total debt has risen for 2 straight years on record.
Largest EPS miss on record is -39.7%.
Cluster insider selling on record: 8 instance(s) of 2+ insiders selling within a 30-day window.
Days-to-cover is near a multi-year high for this ticker (96th percentile).
Who's Bullish on UPWK, and Who Isn't

Five independent market signals, analysts, institutions, insiders, short sellers, and price trend, each scored from real, current data. See exactly where the smart money agrees, and where it's split.

Signals are mixed: 2 of 5 available lean bullish, 2 lean bearish.

Institutions
2.02M shares net this 13F cycle
Insiders
Net selling
Analysts
Hold consensus, 7 analysts
Short Sellers
Short interest falling, 1 straight reports
Price Trend
Longer-term downtrend, but price has bounced above the 50-day average
Valuation check: Revenue growth trend and analyst price target trend are roughly in line.
UPWK's Biggest Trading Days

Every trading day in the last 2 years where UPWK moved 4% or more in a single session, most recent first, a quick read on how volatile this stock has really been. See full daily price history →

DateMoveClose
Aug 19, 2026+6.11%$8.69
Aug 11, 2026-14.95%$8.36
Aug 3, 2026+4.15%$9.54
Jul 28, 2026+5.94%$9.81
Jul 27, 2026+4.87%$9.26
Jul 17, 2026-5.53%$9.06
Jul 1, 2026+7.89%$9.02
Jun 26, 2026+5.98%$8.33
Jun 25, 2026-4.38%$7.86
Jun 23, 2026+4.72%$8.21
Jun 17, 2026-4.27%$8.07
Jun 3, 2026-4.68%$8.56
Jun 2, 2026-4.16%$8.98
Jun 1, 2026+6.24%$9.37
May 22, 2026+4.27%$8.80
May 18, 2026+7.10%$8.75
May 12, 2026-5.22%$8.35
May 8, 2026-16.87%$8.82
May 7, 2026+5.26%$10.61
Apr 23, 2026-7.58%$10.48
Apr 9, 2026-5.61%$10.44
Mar 19, 2026-6.12%$11.35
Mar 12, 2026-4.43%$11.86
Mar 10, 2026-7.13%$12.38
Feb 26, 2026+6.70%$13.85

Showing the 25 most recent of 87 on record. Full history is on the Price Insights page.

The UPWK Timeline: Earnings, Insider Trades & Analyst Calls

Every major event from the past 12 months, earnings reports, insider transactions, and analyst upgrades or downgrades, merged into a single chronological feed so you can see what clustered together.

IAug 18, 2026Kappus Anthony Ray: Sale$17K
IAug 18, 2026Gessert Erica: Sale$192K
IAug 18, 2026Brown Hayden: Sale$617K
EAug 10, 2026Q2 '26 earnings: beat EPS+0.4% surprise
IJul 18, 2026Kappus Anthony Ray: Sale$5K
IJun 18, 2026Brown Hayden: Sale$191K
IJun 18, 2026Mekhalfa Sabrina: Sale$10K
IJun 18, 2026Gessert Erica: Sale$75K
IMay 18, 2026Brown Hayden: Sale$624K
IMay 18, 2026Gessert Erica: Sale$192K
IMay 18, 2026Kappus Anthony Ray: Sale$17K
RMay 8, 2026UBS: DowngradeNeutral
RMay 8, 2026Roth Capital: DowngradeNeutral
RMay 8, 2026Citizens: DowngradeMkt Perform
RMay 8, 2026Canaccord Genuity: DowngradeHold
EMay 7, 2026Q1 '26 earnings: beat EPS+31.1% surprise
IMar 19, 2026Bottoms Dave: Sale$80K
IMar 18, 2026Bottoms Dave: Sale$143K
IMar 18, 2026Brown Hayden: Sale$292K
IMar 18, 2026Gessert Erica: Sale$114K
IMar 18, 2026Mekhalfa Sabrina: Sale$18K
IFeb 19, 2026Bottoms Dave: Sale$211K
IFeb 18, 2026Brown Hayden: Sale$1,699K
IFeb 18, 2026Bottoms Dave: Sale$235K
IFeb 18, 2026Gessert Erica: Sale$363K
Sector
Communication Services
Industry
Internet Content & Information
Exchange
NASDAQ

Upwork Inc., together with its subsidiaries, provides platforms and workforce solutions that connect businesses with freelance, agency, fractional, and payrolled talent in the United States, the Philippines, India, Pakistan, and internationally. The company offers Upwork Marketplace, a human and AI-powered work marketplace that connects businesses with on-demand access to independent talent across a range of categories, including AI-related projects, administrative support, sales and marketing, design and creative, and customer service, as well as web, mobile, and software development. Its marketplace also streamlines workflows, such as talent sourcing, outreach, contracting, and engagement management, as well as provides infrastructure for remote collaboration, including communication and collaboration tools, consolidated invoicing, and payment protection; and Upwork Payroll services. It also offers enterprise solutions that provide access to platform capabilities that support contingent workforce solutions, including sourcing, onboarding, classification, compliance and contract management, payments, and reporting. In addition, the company offers managed services that provide a service-led program management and end-to-end project delivery solution that enables enterprise clients to outsource defined functions or projects; Uma, an AI assistant; and escrow services. The company was formerly known as Elance-oDesk, Inc. and changed its name to Upwork Inc. in May 2015. Upwork Inc. was founded in 1998 and is headquartered in Palo Alto, California.

530 Lytton Avenue, Palo Alto, CA, 94301, United States, 650 316 7500

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UPWK By the Numbers

A complete statistical profile built from UPWK's full price, financial, and ownership history, not an isolated snapshot. Explore any category in depth below.

Price & Momentum
Full price insights →
Volatility regime
Above its normal
52-week range position
8%
Trend
Longer-term downtrend, but price has bounced above the 50-day average
Current streak
2d up
View full historical prices →
Financial Health
Full financial statements →
Revenue growth
Stable
FCF conversion
210%
Net cash
$313.01M
Share count, 1yr
-3.5%
Valuation
P/E (ttm)
9.7x
PEG
4.04

P/E uses trailing 12-month earnings where 4 recent quarters are on record, otherwise the latest fiscal year. PEG divides P/E by trailing revenue growth (a proxy, not true forward earnings growth, which this data doesn't include).

Earnings
Full earnings history →
EPS beat rate
+89%
Current streak
2q beat
Analyst Coverage
Full analyst ratings →
Consensus
Hold
Avg target upside
+49.7%
Target agreement
Wide disagreement
Insider Activity
Full insider transactions →
Net flow
-$18.94M
Transactions on record
47
Short Interest
Full short interest →
Shares short
22.9M
Days-to-cover percentile
96th
Days to cover
6.8
Institutional Ownership
Full institutional holders →
Total holders
237
Net flow this cycle
-$741.26M
Top 10 concentration
+83%
This overview draws together UPWK's price action, fundamentals, and market activity into one view, click through any section above for the full underlying analysis. The bull/bear breakdown and agreement matrix combine independently-sourced signals and are not a recommendation; any single signal can be wrong, and agreement between them is not a guarantee of future performance. This is historical data, not investment advice. Read disclaimer →