About upwork inc. - UPWK
Upwork, Inc. is an online marketplace that enables businesses to find, hire, and pay freelancers for short-term and longer-term projects. Its marketplace offerings include Upwork Basic, Upwork Plus, Upwork Business, Upwork Enterprise, and Upwork Payroll. The company was founded by Odysseas Tsatalos and Efstratios Karamanlakis in December 2013 and is headquartered in Palo Alto, CA.
UPWK At a Glance
Upwork, Inc.
530 Lytton Avenue
Palo Alto, California 94301
| Phone | 1-650-316-7500 | Revenue | 689.14M | |
| Industry | Personnel Services | Net Income | 46.89M | |
| Sector | Commercial Services | 2023 Sales Growth | 11.453% | |
| Fiscal Year-end | 12 / 2024 | Employees | 800 | |
| View SEC Filings |
UPWK Valuation
| P/E Current | 24.029 |
| P/E Ratio (with extraordinary items) | N/A |
| P/E Ratio (without extraordinary items) | 233.072 |
| Price to Sales Ratio | 2.962 |
| Price to Book Ratio | 5.357 |
| Price to Cash Flow Ratio | 74.983 |
| Enterprise Value to EBITDA | 821.643 |
| Enterprise Value to Sales | 2.692 |
| Total Debt to Enterprise Value | 0.198 |
UPWK Efficiency
| Revenue/Employee | 861,420.00 |
| Income Per Employee | 58,608.75 |
| Receivables Turnover | 6.687 |
| Total Asset Turnover | 0.651 |
UPWK Liquidity
| Current Ratio | 3.015 |
| Quick Ratio | 3.015 |
| Cash Ratio | 1.89 |
UPWK Profitability
| Gross Margin | 75.266 |
| Operating Margin | -1.518 |
| Pretax Margin | 7.093 |
| Net Margin | 6.804 |
| Return on Assets | 4.428 |
| Return on Equity | 14.886 |
| Return on Total Capital | 6.26 |
| Return on Invested Capital | 5.982 |
UPWK Capital Structure
| Total Debt to Total Equity | 96.533 |
| Total Debt to Total Capital | 49.118 |
| Total Debt to Total Assets | 35.455 |
| Long-Term Debt to Equity | 95.04 |
| Long-Term Debt to Total Capital | 48.359 |
Upwork Inc. in the News
AI skills most sought by employers revealed in new Upwork report
Businesses are searching for workers skilled in the use of generative AI tools like ChatGPT, Microsoft's Azure OpenAI, Stable Diffusion and more, according to a new report by Upwork.
OpenAI, Upwork partner to help companies hire AI specialists
Upwork and OpenAI, the maker of ChatGPT, announced a new partnership that will help companies find and hire artificial intelligence specialists who are familiar with OpenAI's platform.
Business leaders planning to hire more workers despite rise of AI: survey
A survey by the Upwork Research Institute found that 64% of C-suite executives believe their companies will hire more professionals due to generative AI technologies.