TTM
$174.18M
YoY change
+47.6%
5Y CAGR
—
Peak year (2025)
$163.45M
Cumulative EBITDA
$237.26M
EBITDA history chart for Upwork (UPWK) from 2016 to 2025
Latest: $163.45M
EBITDA growth chart for Upwork (UPWK) from 2016 to 2025
Latest: +47.6%
EBITDA history table for Upwork (UPWK) from 2016 to 2025
| 2025 | $163.45M | +47.6% | +$52.68M | ||
| 2024 | $110.78M | +79.8% | +$49.18M | ||
| 2023 | $61.59M | -183.5% | +$135.32M | ||
| 2022 | −$73.73M | +83.7% | −$33.60M | ||
| 2021 | −$40.13M | +407.6% | −$32.23M | ||
| 2020 | −$7.91M | +34.5% | −$2.03M | ||
| 2019 | −$5.88M | -54.4% | +$7.03M | ||
| 2018 | −$12.90M | -1389.2% | −$13.91M | ||
| 2017 | $1.00M | -114.5% | +$7.92M | ||
| 2016 | −$6.91M | — | — |
- 2025$163.45M+47.6%
- 2024$110.78M+79.8%
- 2023$61.59M-183.5%
- 2022−$73.73M+83.7%
- 2021−$40.13M+407.6%
- 2020−$7.91M+34.5%
- 2019−$5.88M-54.4%
- 2018−$12.90M-1389.2%
- 2017$1.00M-114.5%
- 2016−$6.91M—
EBITDA values are taken from Upwork's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About EBITDA at Upwork (UPWK)
According to Upwork's latest reported financial statements, the company's current EBITDA (TTM) is $174.18M. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
2025's annual EBITDA for Upwork (UPWK) came in at $163.45M – surged 47.6% year-over-year.
Across the available history, EBITDA reached its high of $163.45M in 2025 and its low of −$73.73M in 2022.
Upwork EBITDA by Year
Upwork EBITDA 2025: $163.45M
Upwork posted EBITDA of $163.45M in 2025, surged 47.6% from 2024. This figure represents the highest annual value in the available history.
Upwork EBITDA 2024: $110.78M
In 2024, Upwork reported EBITDA of $110.78M, surged 79.8% from 2023.
Upwork EBITDA 2023: $61.59M
Upwork EBITDA in 2023 was $61.59M, plunged 183.5% below 2022.
Upwork EBITDA 2022: −$73.73M
2022's EBITDA for Upwork came in at −$73.73M, surged 83.7% from 2021. This figure represents the lowest annual value in the available history.
Upwork EBITDA 2021: −$40.13M
Upwork EBITDA in 2021 was −$40.13M.
See more financial history for Upwork (UPWK).
Sector peers by EBITDA
Industrials peers of Upwork (UPWK), ranked by their latest EBITDA
| $14.95B | |
| $14.86B | |
| $12.95B | |
| $12.06B | |
| $11.66B | |
| $7.36B | |
| $5.95B | |
| $4.29B |
- $14.95B
- $14.86B
- $12.95B
- $12.06B
- $11.66B
- $7.36B
- $5.95B
- $4.29B
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