Upwork Inc. (UPWK) reported Q1 2026 results with total revenue of $195.5 million (up 1.44% year-over-year). Gross profit was $150.8 million (down 0.04% YoY), operating profit was $32.7 million (down 15.44% YoY), and net income attributable to common shareholders was $31.5 million (down 16.62% YoY). Diluted earnings per share were $0.24 (down 11.11% YoY).
The quarter missed consensus estimates: revenue was below the estimate of $199.8 million, and diluted EPS missed the estimate of $0.28.
Following the release, the stock moved sharply lower, down about -19.7% since market close.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Upwork Inc. Insider Trading Activity
Upwork Inc. insiders have traded $UPWK stock on the open market 27 times in the past 6 months. Of those trades, 0 have been purchases and 27 have been sales.
Here’s a breakdown of recent trading of $UPWK stock by insiders over the last 6 months:
- HAYDEN BROWN (President & CEO) has made 0 purchases and 10 sales selling 604,890 shares for an estimated $10,802,451.
- DAVE BOTTOMS (GM, Marketplace) has made 0 purchases and 10 sales selling 76,455 shares for an estimated $1,174,739.
- ERICA GESSERT (Chief Financial Officer) has made 0 purchases and 5 sales selling 63,107 shares for an estimated $972,145.
- GARY STEELE sold 12,500 shares for an estimated $218,848
- SABRINA MEKHALFA (Chief Accounting Officer) sold 1,482 shares for an estimated $18,246
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.
Upwork Inc. Hedge Fund Activity
We have seen 162 institutional investors add shares of Upwork Inc. stock to their portfolio, and 157 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. added 8,517,035 shares (+73.8%) to their portfolio in Q4 2025, for an estimated $168,807,633
- PRICE T ROWE ASSOCIATES INC /MD/ added 5,893,970 shares (+44.2%) to their portfolio in Q4 2025, for an estimated $116,818,485
- FMR LLC added 2,145,595 shares (+17267.0%) to their portfolio in Q4 2025, for an estimated $42,525,692
- SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC added 2,025,000 shares (+inf%) to their portfolio in Q4 2025, for an estimated $40,135,500
- MORGAN STANLEY removed 2,003,749 shares (-42.0%) from their portfolio in Q4 2025, for an estimated $39,714,305
- STATE STREET CORP added 1,909,873 shares (+64.1%) to their portfolio in Q4 2025, for an estimated $37,853,682
- BALYASNY ASSET MANAGEMENT L.P. removed 1,753,332 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $34,751,040
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.
Upwork Inc. Analyst Ratings
Wall Street analysts have issued reports on $UPWK in the last several months. We have seen 5 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Needham issued a "Buy" rating on 11/19/2025
- Goldman Sachs issued a "Buy" rating on 11/19/2025
- UBS issued a "Buy" rating on 11/19/2025
- Citizens issued a "Market Outperform" rating on 11/19/2025
- Canaccord Genuity issued a "Buy" rating on 11/19/2025
To track analyst ratings and price targets for Upwork Inc., check out Quiver Quantitative's $UPWK forecast page.
Upwork Inc. Price Targets
Multiple analysts have issued price targets for $UPWK recently. We have seen 10 analysts offer price targets for $UPWK in the last 6 months, with a median target of $23.5.
Here are some recent targets:
- Joshua Chan from UBS set a target price of $23.0 on 02/10/2026
- Bernie McTernan from Needham set a target price of $25.0 on 02/10/2026
- Brad Erickson from RBC Capital set a target price of $20.0 on 02/10/2026
- Nat Schindler from Scotiabank set a target price of $15.0 on 02/10/2026
- Rohit Kulkarni from Roth Capital set a target price of $23.0 on 02/10/2026
- Ronald Josey from Citigroup set a target price of $17.0 on 02/10/2026
- Brent Thill from Jefferies set a target price of $27.0 on 01/05/2026
