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Upwork Inc. (UPWK) Stock Falls on Q4 2025 Earnings

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  • Upwork Inc. (UPWK) reported fourth-quarter 2025 revenue of $198.4 million, up 3.62% year-over-year, missing the consensus revenue estimate of $201.5 million. The stock fell -20.65% after market close.
  • Gross profit rose to $154.7 million (+3.96% YoY).
  • Cost of sales was $43.7 million (+2.42% YoY).
  • Operating profit improved to $28.3 million (+108.3% YoY).
  • Net income attributable to common shareholders declined to $15.6 million (-89.38% YoY).
  • Diluted earnings per share were $0.12, down 88.24% year-over-year and below the EPS estimate of $0.32.
  • Cash from operating activities increased to $63.7 million (+65.11% YoY).
  • Purchases of property, plant and equipment fell to -$0.5 million (down 70.63% YoY).
  • Cash and cash equivalents stood at $294.4 million (-3.73% YoY), while total liabilities were $669.3 million (+5.19% YoY).
  • Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

    Upwork Inc. Insider Trading Activity

    UPWK Insider Trades

    Upwork Inc. insiders have traded $UPWK stock on the open market 32 times in the past 6 months. Of those trades, 0 have been purchases and 32 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 13 sales selling 625,914 shares for an estimated $11,558,660.
    • DAVE BOTTOMS (GM, Marketplace) has made 0 purchases and 10 sales selling 49,876 shares for an estimated $967,943.
    • ERICA GESSERT (Chief Financial Officer) has made 0 purchases and 5 sales selling 55,303 shares for an estimated $925,696.
    • GARY STEELE sold 12,500 shares for an estimated $218,848
    • OLIVIER MARIE (Chief Accounting Officer) has made 0 purchases and 3 sales selling 3,921 shares for an estimated $54,541.

    To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

    Upwork Inc. Hedge Fund Activity

    We have seen 171 institutional investors add shares of Upwork Inc. stock to their portfolio, and 132 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

    Upwork Inc. Analyst Ratings

    Wall Street analysts have issued reports on $UPWK in the last several months. We have seen 6 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

    Here are some recent analyst ratings:

    • Canaccord Genuity issued a "Buy" rating on 11/19/2025
    • 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
    • JMP Securities issued a "Market Outperform" rating on 09/24/2025

    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 12 analysts offer price targets for $UPWK in the last 6 months, with a median target of $24.0.

    Here are some recent targets:

    • Brent Thill from Jefferies set a target price of $27.0 on 01/05/2026
    • Matthew Condon from Citizens set a target price of $27.0 on 11/19/2025
    • Bernie McTernan from Needham set a target price of $25.0 on 11/19/2025
    • Eric Sheridan from Goldman Sachs set a target price of $28.0 on 11/19/2025
    • Joshua Chan from UBS set a target price of $24.0 on 11/19/2025
    • Maria Ripps from Canaccord Genuity set a target price of $24.0 on 11/19/2025
    • Rohit Kulkarni from Roth Capital set a target price of $22.0 on 11/05/2025

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