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Upwork Inc. (NASDAQ: UPWK)

Internet Content & Information ยท San Francisco, CA, United States ยท Founded 2015

$1.5B
Market Cap
$0.79B
Revenue
1,400
Employees
$0.12B
Net Income
๐Ÿ“Š Key Statistics for Upwork Inc. (UPWK)
  • Market capitalization: $1.5 billion
  • Annual revenue: $0.79 billion
  • Net income: $0.12 billion
  • Employees: 1,400
  • Sector: Technology
  • Headquarters: San Francisco, United States
  • Founded: 2015

Source: Statvoo company profile for Upwork Inc.. Browse all 500+ companies

๐Ÿ“‹ About Upwork Inc.

Upwork is the world's largest freelance marketplace, connecting businesses with independent professionals for everything from software development to accounting to marketing. They handle over $3 billion in annual freelancer billings. The platform is more enterprise-focused than Fiverr, with longer-term engagements.

๐Ÿ’ฐ How Upwork Inc. Makes Money

Service fees charged to both clients and freelancers on the platform. Upwork takes a percentage of each transaction, plus fees for premium features like Upwork Enterprise and talent sourcing. The managed services offering handles the entire freelancer engagement for larger clients.

๐Ÿ“œ Key Milestones

Upwork was formed from the 2015 merger of Elance and oDesk, two pioneering freelance platforms. They went public in 2018. The company has been pushing upmarket toward enterprise clients and higher-value engagements to improve take rates and reduce churn.

๐Ÿ“Š Financial Overview
Market Capitalization$1.5B
Annual Revenue$0.79B
Net Income$0.12B
Profit Margin15%
Revenue per Employee$564286K
Stock ExchangeNASDAQ
Ticker SymbolUPWK

Financial data is approximate and based on most recent annual filings.

๐Ÿ’ก Did You Know?

Upwork freelancers have earned over $20 billion through the platform since its inception. The company's own workforce is largely remote โ€” they practice what they preach about distributed work.

๐Ÿ“ Analyst Take

Upwork is the infrastructure layer of the freelance economy. The enterprise push is smart, but they need to navigate the AI disruption of knowledge work carefully.

โ“ Frequently Asked Questions

What is Upwork Inc.'s revenue?

Upwork Inc. generates approximately $0.79 billion in annual revenue.

How many employees does Upwork Inc. have?

Upwork Inc. employs approximately 1,400 people worldwide.

What is Upwork Inc.'s market cap?

Upwork Inc. (UPWK) has a market capitalization of approximately $1.5 billion on the NASDAQ.

When was Upwork Inc. founded?

Upwork Inc. was founded in 2015 and is headquartered in San Francisco, CA, United States.

Who is the CEO of Upwork Inc.?

Hayden Brown is the current CEO of Upwork Inc..

What is Upwork Inc.'s website?

Upwork Inc.'s official website is upwork.com.