Upwork
Income Statement
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Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Upwork's past years’ income statements indicate that its last revenue has increased compared to the previous period by 11% to $689,136,000. The net income raised on $46,887,000 and profit margin reached 7%. Total operating expenses were $529,946,000.
Profit Margin
| 2016 | 164.44M | -16.23M | -9.87% |
|---|---|---|---|
| 2017 | 202.55M | -4.12M | -2.04% |
| 2018 | 253.35M | -19.90M | -7.86% |
| 2019 | 300.56M | -16.65M | -5.54% |
| 2020 | 373.62M | -22.86M | -6.12% |
| 2021 | 502.79M | -56.24M | -11.19% |
| 2022 | 618.31M | -89.88M | -14.54% |
| 2023 | 689.13M | 46.88M | 6.8% |
UPWK Income Statement (2016 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||
Revenue | 689.13M | 618.31M | 502.79M | 373.62M | 300.56M | 253.35M | 202.55M | 164.44M |
Cost of revenue | 170.45M | 160.40M | 135.50M | 104.26M | 88.14M | 81.45M | 65.44M | 62.57M |
Gross profit | 518.68M | 457.91M | 367.28M | 269.36M | 212.41M | 171.89M | 137.10M | 101.86M |
Operating exp. | ||||||||
Research and development | 177.36M | 154.55M | 119.08M | 83.47M | 64.02M | 55.48M | 45.60M | 37.90M |
Selling and marketing | 220.68M | 246.88M | 183.29M | 133.22M | 95.89M | 72.96M | 53.04M | 37.43M |
Total operating expenses | 529.94M | 550.54M | 421.50M | 291.76M | 231.15M | 183.60M | 140.23M | 116.33M |
Operating income | -11.26M | -92.62M | -54.21M | -22.40M | -18.73M | -11.71M | -3.12M | -14.46M |
Other income (expenses), net | 60.13M | 3.27M | -1.90M | -309K | 2.10M | -6.14M | -1.02M | -908K |
Income before tax | 48.87M | -89.34M | -56.11M | -22.71M | -16.63M | -19.89M | -4.14M | -16.23M |
Income tax expense | 1.99M | 536K | 122K | 150K | 28K | 15K | -22K | -1K |
Net income | 46.88M | -89.88M | -56.24M | -22.86M | -16.65M | -19.90M | -4.12M | -16.23M |
Earnings per share | ||||||||
Basic EPS | 0.35 | -0.69 | -0.44 | -0.19 | -0.15 | -0.38 | -0.04 | -0.17 |
Diluted EPS | 0.34 | -0.69 | -0.44 | -0.19 | -0.15 | -0.38 | -0.04 | -0.17 |
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