Upwork Historical Income Statement

UPWK Stock

USD 16.97 0.06 0.35%

Historical analysis of Upwork income statement accounts such as Tax Provision of 2.1 M, Interest Income of 1.4 M, Depreciation And Amortization of 11.5 M or Interest Expense of 1.9 M can show how well Upwork Inc performed in making a profits. Evaluating Upwork income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Upwork's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Upwork Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Upwork Inc is a good buy for the upcoming year.

Net Income Gross Profit

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Upwork Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

About Upwork Income Statement Analysis

Upwork Inc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Upwork shareholders. The income statement also shows Upwork investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Upwork Income Statement Chart

At this time, Upwork's Total Other Income Expense Net is quite stable compared to the past year. Net Income is expected to rise to about 49.2 M this year, although the value of Depreciation And Amortization will most likely fall to about 11.5 M.

Selling General Administrative Selling And Marketing Expenses Total Revenue Gross Profit Income Before Tax

Total Revenue

Total revenue comprises all receipts Upwork Inc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Upwork Inc minus its cost of goods sold. It is profit before Upwork operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Upwork income statement and is an important metric when analyzing Upwork Inc profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Most accounts from Upwork's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Upwork Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Upwork Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

	2023	2024 (projected)
Depreciation And Amortization	12.7M	11.5M
Interest Income	1.5M	1.4M

Depreciation And Amortization Interest Income

Upwork income statement Correlations

	Tax Provision	Net Interest Income	Interest Income	Depreciation And Amortization	Interest Expense	Selling General Administrative	Selling And Marketing Expenses	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Net Income From Continuing Ops	Ebit	Research Development	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Reconciled Depreciation	Non Operating Income Net Other
Tax Provision		-0.75	0.42	0.39	0.2	0.62	0.62	0.69	0.69	0.66	0.0	0.64	0.02	0.71	0.09	0.69	0.65	0.65	0.99	0.64	1.0	0.54	0.81
Net Interest Income	-0.75		-0.6	-0.36	-0.78	-0.86	-0.88	-0.88	-0.88	-0.89	0.59	-0.02	0.59	-0.89	0.55	-0.89	-0.89	-0.03	-0.64	-0.02	-0.75	-0.61	-0.85
Interest Income	0.42	-0.6		0.21	0.46	0.57	0.57	0.59	0.59	0.57	-0.17	0.1	-0.21	0.55	-0.18	0.58	0.56	0.1	0.33	0.1	0.42	0.54	0.51
Depreciation And Amortization	0.39	-0.36	0.21		0.19	0.69	0.65	0.64	0.64	0.64	-0.4	-0.03	-0.36	0.61	-0.23	0.64	0.64	-0.02	0.35	-0.03	0.39	0.86	0.71
Interest Expense	0.2	-0.78	0.46	0.19		0.68	0.7	0.61	0.61	0.67	-0.88	-0.56	-0.89	0.6	-0.9	0.64	0.68	-0.55	0.05	-0.56	0.2	0.42	0.54
Selling General Administrative	0.62	-0.86	0.57	0.69	0.68		0.99	0.98	0.98	0.99	-0.67	-0.12	-0.66	0.97	-0.58	0.99	0.99	-0.1	0.51	-0.12	0.62	0.88	0.88
Selling And Marketing Expenses	0.62	-0.88	0.57	0.65	0.7	0.99		0.99	0.99	1.0	-0.68	-0.12	-0.67	0.98	-0.6	0.99	1.0	-0.11	0.51	-0.12	0.62	0.87	0.88
Total Revenue	0.69	-0.88	0.59	0.64	0.61	0.98	0.99		1.0	1.0	-0.58	0.0	-0.57	1.0	-0.49	1.0	0.99	0.01	0.59	0.0	0.69	0.86	0.89
Gross Profit	0.69	-0.88	0.59	0.64	0.61	0.98	0.99	1.0		1.0	-0.57	0.0	-0.56	1.0	-0.49	1.0	0.99	0.02	0.59	0.0	0.69	0.86	0.89
Other Operating Expenses	0.66	-0.89	0.57	0.64	0.67	0.99	1.0	1.0	1.0		-0.65	-0.08	-0.63	0.99	-0.56	1.0	1.0	-0.06	0.55	-0.08	0.66	0.86	0.89
Operating Income	0.0	0.59	-0.17	-0.4	-0.88	-0.67	-0.68	-0.58	-0.57	-0.65		0.76	1.0	-0.57	0.98	-0.6	-0.66	0.75	0.14	0.76	0.0	-0.48	-0.44
Net Income From Continuing Ops	0.64	-0.02	0.1	-0.03	-0.56	-0.12	-0.12	0.0	0.0	-0.08	0.76		0.78	0.01	0.82	-0.02	-0.09	1.0	0.75	1.0	0.64	-0.01	0.2
Ebit	0.02	0.59	-0.21	-0.36	-0.89	-0.66	-0.67	-0.57	-0.56	-0.63	1.0	0.78		-0.56	0.99	-0.59	-0.65	0.77	0.16	0.78	0.02	-0.45	-0.41
Research Development	0.71	-0.89	0.55	0.61	0.6	0.97	0.98	1.0	1.0	0.99	-0.57	0.01	-0.56		-0.49	1.0	0.99	0.03	0.61	0.01	0.71	0.82	0.88
Ebitda	0.09	0.55	-0.18	-0.23	-0.9	-0.58	-0.6	-0.49	-0.49	-0.56	0.98	0.82	0.99	-0.49		-0.52	-0.57	0.81	0.24	0.82	0.09	-0.34	-0.32
Cost Of Revenue	0.69	-0.89	0.58	0.64	0.64	0.99	0.99	1.0	1.0	1.0	-0.6	-0.02	-0.59	1.0	-0.52		1.0	-0.01	0.59	-0.02	0.69	0.86	0.89
Total Operating Expenses	0.65	-0.89	0.56	0.64	0.68	0.99	1.0	0.99	0.99	1.0	-0.66	-0.09	-0.65	0.99	-0.57	1.0		-0.08	0.54	-0.09	0.65	0.86	0.89
Income Before Tax	0.65	-0.03	0.1	-0.02	-0.55	-0.1	-0.11	0.01	0.02	-0.06	0.75	1.0	0.77	0.03	0.81	-0.01	-0.08		0.76	1.0	0.65	0.0	0.21
Total Other Income Expense Net	0.99	-0.64	0.33	0.35	0.05	0.51	0.51	0.59	0.59	0.55	0.14	0.75	0.16	0.61	0.24	0.59	0.54	0.76		0.75	0.99	0.46	0.75
Net Income	0.64	-0.02	0.1	-0.03	-0.56	-0.12	-0.12	0.0	0.0	-0.08	0.76	1.0	0.78	0.01	0.82	-0.02	-0.09	1.0	0.75		0.64	-0.01	0.2
Income Tax Expense	1.0	-0.75	0.42	0.39	0.2	0.62	0.62	0.69	0.69	0.66	0.0	0.64	0.02	0.71	0.09	0.69	0.65	0.65	0.99	0.64		0.54	0.81
Reconciled Depreciation	0.54	-0.61	0.54	0.86	0.42	0.88	0.87	0.86	0.86	0.86	-0.48	-0.01	-0.45	0.82	-0.34	0.86	0.86	0.0	0.46	-0.01	0.54		0.84
Non Operating Income Net Other	0.81	-0.85	0.51	0.71	0.54	0.88	0.88	0.89	0.89	0.89	-0.44	0.2	-0.41	0.88	-0.32	0.89	0.89	0.21	0.75	0.2	0.81	0.84

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Upwork Account Relationship Matchups

Upwork income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Tax Provision	28K	150K	122K	536K	2.0M	2.1M
Net Interest Income	(1.3M)	(778K)	(2.2M)	(4.5M)	(3.6M)	(3.5M)
Depreciation And Amortization	14.0M	14.0M	13.8M	11.1M	12.7M	11.5M
Interest Expense	1.3M	778K	2.2M	4.5M	1M	1.9M
Selling General Administrative	67.3M	71.5M	113.1M	124.0M	118.9M	84.8M
Selling And Marketing Expenses	95.9M	133.2M	183.3M	246.9M	220.7M	143.5M
Total Revenue	300.6M	373.6M	502.8M	618.3M	689.1M	426.9M
Gross Profit	212.4M	269.4M	367.3M	457.9M	518.7M	307.5M
Other Operating Expenses	319.3M	396.0M	557.0M	710.9M	700.4M	458.3M
Operating Income	(18.7M)	(22.4M)	(54.2M)	(92.6M)	(11.3M)	(11.8M)
Net Income From Continuing Ops	(16.7M)	(22.9M)	(56.2M)	(89.9M)	46.9M	49.2M
Ebit	(18.7M)	(21.9M)	(53.9M)	(92.6M)	(11.3M)	(11.8M)
Research Development	64.0M	83.5M	119.1M	154.6M	177.4M	101.4M
Ebitda	(4.7M)	(7.9M)	(40.1M)	(81.5M)	1.5M	1.5M
Cost Of Revenue	88.1M	104.3M	135.5M	160.4M	170.5M	119.4M
Total Operating Expenses	231.2M	291.8M	421.5M	550.5M	529.9M	338.9M
Income Before Tax	(16.6M)	(22.7M)	(56.1M)	(89.3M)	48.9M	51.3M
Total Other Income Expense Net	2.1M	(309K)	(1.9M)	3.3M	60.1M	63.1M
Net Income Applicable To Common Shares	(16.7M)	(22.9M)	(56.2M)	(89.9M)	(80.9M)	(76.9M)
Net Income	(16.7M)	(22.9M)	(56.2M)	(89.9M)	46.9M	49.2M
Income Tax Expense	28K	150K	122K	536K	2.0M	2.1M
Reconciled Depreciation	10.6M	14.0M	13.8M	11.1M	12.7M	11.2M
Non Operating Income Net Other	3.4M	469K	279K	7.8M	8.9M	9.4M

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When determining whether Upwork Inc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Upwork Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Upwork Inc Stock. Highlighted below are key reports to facilitate an investment decision about Upwork Inc Stock:

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Is Human Resource & Employment Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Upwork. If investors know Upwork will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Upwork listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.7

Earnings Share

0.62

Revenue Per Share

5.676

Quarterly Revenue Growth

0.103

Return On Assets

0.0371

The market value of Upwork Inc is measured differently than its book value, which is the value of Upwork that is recorded on the company's balance sheet. Investors also form their own opinion of Upwork's value that differs from its market value or its book value, called intrinsic value, which is Upwork's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Upwork's market value can be influenced by many factors that don't directly affect Upwork's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Upwork's value and its price as these two are different measures arrived at by different means. Investors typically determine if Upwork is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Upwork's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Upwork Historical Income Statement

About Upwork Income Statement Analysis

Upwork Income Statement Chart

Total Revenue

Gross Profit

Income Before Tax

Upwork income statement Correlations

Upwork Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Upwork income statement Accounts

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Income Tax Expense	+ 1.0	Tax Provision
Other Operating Expenses	+ 1.0	Selling And Marketing Expenses
Total Operating Expenses	+ 1.0	Selling And Marketing Expenses
Gross Profit	+ 1.0	Total Revenue
Other Operating Expenses	+ 1.0	Total Revenue
Research Development	+ 1.0	Total Revenue

Ebitda	- 0.9	Interest Expense
Ebit	- 0.89	Interest Expense
Total Operating Expenses	- 0.89	Net Interest Income
Cost Of Revenue	- 0.89	Net Interest Income
Research Development	- 0.89	Net Interest Income
Other Operating Expenses	- 0.89	Net Interest Income