Runs an online marketplace where businesses hire freelancers.
Jun 2026Revenue $787M/yrExpenses $668M/yr
Reached break-even Jan 2024
Figures by year
When did Upwork become profitable?
Its revenue passed its expenses in Jan 2024. In the 12 months to Jun 2026, revenue was $787M and expenses $668M.
| Fiscal year to | Revenue | Expenses | Operating profit |
|---|---|---|---|
| Dec 2025 | $788M | $658M | $129M |
| Dec 2024 | $769M | $704M | $65.2M |
| Dec 2023 | $689M | $700M | −$11.3M |
| Dec 2022 | $618M | $711M | −$92.6M |
| Dec 2021 | $503M | $557M | −$54.2M |
| Dec 2020 | $374M | $396M | −$22.4M |
| Dec 2019 | $301M | $319M | −$18.7M |
| Dec 2018 | $253M | $265M | −$11.7M |
| Dec 2017 | $203M | $206M | −$3.12M |
| Dec 2016 | $164M | $179M | −$14.5M |
When the cash runs out, on the chart. A red line at the date the company’s cash would run out at its latest burn, so you can see whether it gets to break-even first. Part of a subscription.