Annual Financials for Upwork Inc.
Fiscal year is January-December. All values USD millions. |
2018 | 2019 | 2020 | 2021 | 2022 |
5-year trend |
Sales/Revenue
|
253.35M | 300.56M | 373.63M | 502.8M | 618.32M | |
Sales Growth |
- | 18.63% | 24.31% | 34.57% | 22.98% | |
Cost of Goods Sold (COGS) incl. D&A |
84.16M | 90.84M | 106.97M | 136.21M | 160.4M | |
COGS excluding D&A |
79.21M | 81.4M | 92.94M | 122.4M | 149.27M | |
Depreciation & Amortization Expense |
4.95M | 9.45M | 14.03M | 13.81M | 11.14M | |
Depreciation |
2.2M | 6.75M | 11.33M | 13.11M | 11.14M | |
Amortization of Intangibles |
2.75M | 2.7M | 2.7M | 700,000 | - | |
COGS Growth |
- | 7.94% | 17.75% | 27.34% | 17.76% | |
Gross Income |
169.2M | 209.72M | 266.66M | 366.59M | 457.92M | |
Gross Income Growth |
- | 23.95% | 27.15% | 37.47% | 24.91% | |
Gross Profit Margin |
- | - | - | - | 74.06% | NA |
|
2018 | 2019 | 2020 | 2021 | 2022 |
5-year trend |
SG&A Expense |
180.68M | 227.74M | 288.32M | 420.06M | 549.79M | |
Research & Development |
55.49M | 64.03M | 83.47M | 119.08M | 154.55M | |
Other SG&A |
125.19M | 163.71M | 204.85M | 300.97M | 395.24M | |
SGA Growth |
- | 26.04% | 26.60% | 45.69% | 30.88% | |
Other Operating Expense |
- | - | - | - | - | |
Unusual Expense |
6.73M | (189,000) | 1.35M | 1.25M | 950,000 | |
EBIT after Unusual Expense |
(18.21M) | (17.83M) | (23.01M) | (54.72M) | (92.82M) | |
Non Operating Income/Expense |
358,000 | 2.51M | 1.07M | 779,000 | 7.96M | |
Non-Operating Interest Income |
- | - | - | - | - | |
Equity in Affiliates (Pretax) |
- | - | - | - | - | |
Interest Expense |
2.04M | 1.31M | 778,000 | 2.18M | 4.48M | |
Interest Expense Growth |
- | -35.92% | -40.43% | 180.21% | 105.64% | |
Gross Interest Expense |
2.04M | 1.31M | 778,000 | 2.18M | 4.48M | |
Interest Capitalized |
- | - | - | - | - | |
Pretax Income |
(19.89M) | (16.63M) | (22.72M) | (56.12M) | (89.35M) | |
Pretax Income Growth |
- | 16.39% | -36.59% | -147.03% | -59.22% | |
Pretax Margin |
- | - | - | - | -14.45% | NA |
Income Tax |
15,000 | 28,000 | 150,000 | 122,000 | 536,000 | |
Income Tax - Current Domestic |
11,000 | 26,000 | 146,000 | 120,000 | 494,000 | |
Income Tax - Current Foreign |
4,000 | 2,000 | 4,000 | 2,000 | 42,000 | |
Income Tax - Deferred Domestic |
- | - | - | - | - | |
Income Tax - Deferred Foreign |
- | - | - | - | - | |
Income Tax Credits |
- | - | - | - | - | |
Equity in Affiliates |
- | - | - | - | - | |
Other After Tax Income (Expense) |
- | - | - | - | - | |
Consolidated Net Income |
(19.91M) | (16.66M) | (22.87M) | (56.24M) | (89.89M) | |
Minority Interest Expense |
- | - | - | - | - | |
Net Income |
(19.91M) | (16.66M) | (22.87M) | (56.24M) | (89.89M) | |
Net Income Growth |
- | 16.32% | -37.27% | -145.94% | -59.82% | |
Net Margin Growth |
- | - | - | - | -14.54% | NA |
Extraordinaries & Discontinued Operations |
- | - | - | - | - | |
Extra Items & Gain/Loss Sale Of Assets |
- | - | - | - | - | |
Cumulative Effect - Accounting Chg |
- | - | - | - | - | |
Discontinued Operations |
- | - | - | - | - | |
Net Income After Extraordinaries |
(19.91M) | (16.66M) | (22.87M) | (56.24M) | (89.89M) | |
Preferred Dividends |
- | - | - | - | - | |
Net Income Available to Common |
(19.91M) | (16.66M) | (22.87M) | (56.24M) | (89.89M) | |
EPS (Basic) |
(0.38) | (0.15) | (0.19) | (0.44) | (0.69) | |
EPS (Basic) Growth |
- | 60.12% | -26.96% | -129.65% | -55.71% | |
Basic Shares Outstanding |
52.33M | 109.81M | 118.7M | 127.16M | 130.52M | |
EPS (Diluted) |
(0.38) | (0.15) | (0.19) | (0.44) | (0.69) | |
EPS (Diluted) Growth |
- | 60.12% | -26.96% | -129.65% | -55.71% | |
Diluted Shares Outstanding |
52.33M | 109.81M | 118.7M | 127.16M | 130.52M | |
EBITDA |
(6.54M) | (8.58M) | (7.63M) | (39.66M) | (80.74M) | |
EBITDA Growth |
- | -31.19% | 11.08% | -420.08% | -103.57% | |
EBITDA Margin |
- | - | - | - | -13.06% | NA |