- ISIN
- US91688F1049
- CUSIP
- 91688F104
- Sector
- Industrials
- Industry
- Staffing & Employment Services
- IPO Date
- Oct 3, 2018
Highlights
- Market Cap
- $1.06B
- Enterprise Value
- $1.47B
- EPS (TTM)
- $0.79
- PE Ratio
- 9.97
- PEG Ratio
- 0.06
- Total Revenue (TTM)
- $595.10M
- Gross Profit (TTM)
- $612.97M
- EBITDA (TTM)
- $152.42M
- Year Range
- $7.44 - $22.84
- Target Price
- $24.17
- ROA (TTM)
- 8.79%
- ROE (TTM)
- 19.16%
Share Price Chart
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Performance
UPWK Performance Chart
Upwork Inc. (UPWK) is down 60.4% since the beginning of the year. At $8 per share, UPWK is trading 65.7% below its 52-week high of $23. Investors who bought $1,000 worth of UPWK shares 5 years ago would now be looking at an investment worth $143.
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Returns By Period
Upwork Inc. (UPWK) has returned -60.44% so far this year and -40.33% over the past 12 months.
Upwork Inc.
- 1D
- -2.61%
- 1M
- -10.91%
- YTD
- -60.44%
- 6M
- -63.18%
- 1Y
- -40.33%
- 3Y*
- -4.25%
- 5Y*
- -32.26%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
UPWK Monthly Returns History
Based on dividend-adjusted daily data since Oct 3, 2018, UPWK's average daily return is +0.03%, while the average monthly return is +0.35%. At this rate, an investment would double in approximately 16.5 years.
Historically, 45% of months were positive and 55% were negative. The best month was Nov 2020 with a return of +77.3%, while the worst month was Feb 2026 at -33.0%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 7 months.
On a daily basis, UPWK closed higher 48% of trading days. The best single day was Aug 3, 2023 with a return of +44.2%, while the worst single day was Feb 10, 2026 at -19.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.06% | -33.00% | -18.33% | -5.57% | -14.78% | -11.11% | -60.44% | ||||||
| 2025 | -3.61% | 1.08% | -18.08% | 0.77% | 17.79% | -13.23% | -11.01% | 28.68% | 20.66% | -14.16% | 23.84% | 0.41% | 21.22% |
| 2024 | -7.80% | -4.45% | -6.41% | -4.57% | -9.66% | 1.70% | 12.74% | -20.46% | 8.40% | 29.76% | 25.15% | -3.65% | 9.95% |
| 2023 | 24.14% | -12.50% | -0.18% | -15.46% | -14.32% | 13.90% | 11.67% | 41.99% | -23.30% | -8.01% | 34.83% | 5.54% | 42.43% |
| 2022 | -20.37% | -7.06% | -8.07% | -9.77% | -12.97% | 13.32% | -10.25% | -6.25% | -21.72% | -1.25% | -8.92% | -14.78% | -69.44% |
| 2021 | 20.08% | 29.99% | -16.91% | 2.88% | 2.19% | 23.84% | -11.15% | -13.67% | 0.72% | 4.64% | -20.93% | -8.32% | -1.04% |
Benchmark Metrics
Upwork Inc. has an annualized alpha of -9.29%, beta of 1.14, and R2 of 0.12 versus S&P 500 Index. Calculated based on daily prices since October 03, 2018.
- This stock participated in 149.71% of S&P 500 Index downside but only 57.85% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.12 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -9.29%
- Beta
- 1.14
- R²
- 0.12
- Upside Capture
- 57.85%
- Downside Capture
- 149.71%
Return for Risk
Risk / Return Rank
UPWK ranks 15 for risk / return — in the bottom 15% of stocks on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Upwork Inc. (UPWK) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UPWK | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.72 | ||
| Sortino ratioReturn per unit of downside risk | -3.54 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.37 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 2.78 | -3.41 |
| Martin ratioReturn relative to average drawdown | -1.25 | 12.44 | -13.69 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Upwork Inc.. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Upwork Inc. was 87.48%, occurring on May 25, 2023. The portfolio has not yet recovered.
The current Upwork Inc. drawdown is 87.08%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -87.48%May 2023 | 1y 10mo | — | 4y 11moJul 2021 - now |
COVID crash2020 | -77.42%Apr 2020 | 1y 1mo | 7mo 6d | 1y 8moFeb 2019 - Nov 2020 |
2021 bear market2021 | -33.40%May 2021 | 2mo 25d | 1mo 12d | 4mo 7dFeb 2021 - Jun 2021 |
Rate-hike selloffLate 2018 | -30.39%Dec 2018 | 2mo 9d | 2mo 5d | 4mo 14dOct 2018 - Feb 2019 |
2021 correction2021 | -17.02%Jan 2021 | 13d | 8d | 21dDec 2020 - Jan 2021 |
Drawdown Indicators
| UPWK | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.48% | -56.78% | -30.70% |
Max Drawdown (1Y)Largest decline over 1 year | -64.54% | -9.10% | -55.44% |
Max Drawdown (3Y)Largest decline over 3 years | -64.54% | -18.90% | -45.64% |
Max Drawdown (5Y)Largest decline over 5 years | -87.48% | -25.43% | -62.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -87.08% | -1.80% | -85.28% |
Average DrawdownAverage peak-to-trough decline | -56.53% | -10.71% | -45.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.23% | 2.03% | +30.20% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Financials
Financial Performance
The chart below illustrates the trends in the financial health of Upwork Inc. over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.
Valuation
The Valuation section provides an overview of how Upwork Inc. is priced in the market compared to other companies in the Staffing & Employment Services industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.
PE Ratio
The chart displays the Price-to-Earnings (P/E) ratio for UPWK, comparing it with other companies in the Staffing & Employment Services industry. Currently, UPWK has a P/E ratio of 10.0. This P/E ratio is in line with the industry average, suggesting the stock may be fairly valued relative to its earnings.
PEG Ratio
The chart shows the Price/Earnings to Growth (PEG) ratio for UPWK compared to other companies in the Staffing & Employment Services industry. UPWK currently has a PEG ratio of 0.1. This PEG ratio is close to the industry average, suggesting the stock’s valuation is balanced against its growth outlook.
PS Ratio
This chart shows the Price-to-Sales (P/S) ratio for UPWK relative to other companies in the Staffing & Employment Services industry. Currently, UPWK has a P/S ratio of 1.8. This P/S ratio is high relative to other companies in the industry. It could mean the stock is overvalued, or that investors expect strong future growth and profitability.
PB Ratio
The chart illustrates the Price-to-Book (P/B) ratio for UPWK in comparison with other companies in the Staffing & Employment Services industry. Currently, UPWK has a P/B value of 1.9. This P/B ratio is in line with the industry average, suggesting the stock is valued fairly in relation to its book value.
Income Statement
| TTM | |
|---|---|
Revenue | — |
Total Revenue | — |
Cost Of Revenue | — |
Gross Profit | — |
Operating Expenses | — |
Selling, General & Admin Expenses | — |
R&D Expenses | — |
Depreciation And Amortization | — |
Total Operating Expenses | — |
Income | — |
Income Before Tax | — |
Operating Income | — |
EBITDA | — |
EBIT | — |
Earnings From Continuing Operations | — |
Net Income | — |
Income Tax Expense | — |
Other Non-Operating Income (Expenses) | — |
Extraordinary Items | — |
Discontinued Operations | — |
Effect Of Accounting Charges | — |
Non Recurring | — |
Minority Interest | — |
Other Items | — |
Interest Income | — |
Interest Expense | — |
Net Interest Income | — |
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