Sector: Industrials | Industry: Employment Services |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 475 BRANNAN STREET, SUITE 430 SAN FRANCISCO CA 94107 |
Tel: | N/A |
Website: | https://www.upwork.com |
IR: | See website |
Key People | ||
Hayden Brown President, Chief Executive Officer, Director | Erica Gessert Chief Financial Officer | Sunita Solao Chief People Officer |
Melissa Waters Chief Marketing Officer | Brian Levey Chief Business Affairs and Legal Officer, Secretary |
Business Overview |
Upwork Inc. operates a working marketplace, which connects businesses with independent talent. The Company's independent talent refers to the talent that includes independent professionals and agencies of varying sizes. The Company's marketplace offerings are designed for clients looking to identify hiring. Its marketplace offerings provide clients with access to independent talent with verified work history on its work marketplace, as well as client feedback. They also receive perks, such as a verified client badge and highlighted job posts. Upwork Payroll is available to clients when they choose to work with talent that they engage through Upwork as employees. With Upwork Payroll, clients have access to third-party staffing providers to employ talent and meet their talent needs through its work marketplace. It offers two lines of service: enterprise solutions and managed services. Its managed services offer a service-led program management and full project lifecycle solution. |
Financial Overview |
For the three months ended 31 March 2024, Upwork Inc revenues increased 19% to $190.9M. Net income increased 7% to $18.4M. Revenues reflect Talent segment increase of 29% to $110.2M, Clients segment increase of 7% to $80.8M. Net income was partially offset by Research and development - Balanci increase of 24% to $45.5M (expense), General and administrative - B increase of 23% to $25.8M (expense). |
Employees: | 800 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $1,453M as of Mar 31, 2024 |
Annual revenue (TTM): | $719.22M as of Mar 31, 2024 |
EBITDA (TTM): | $37.48M as of Mar 31, 2024 |
Net annual income (TTM): | $48.16M as of Mar 31, 2024 |
Free cash flow (TTM): | $25.42M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 132,943,345 as of Mar 31, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |