Quarterly ResultAug 10, 2026, 04:56 PM
Upwork Q2 Revenue $191.66M, Net Income $25.40M
AI Summary
Upwork reported Q2 2026 revenue of $191.66 million, a decrease from $194.94 million in Q2 2025. Net income for the quarter was $25.40 million, down from $32.73 million year-over-year, with basic EPS at $0.21. For the six months ended June 30, 2026, revenue was $387.14 million and net income was $56.87 million. The company saw a significant increase in cash and cash equivalents to $476.04 million and a positive shift in cash from investing activities, alongside a restructuring announced in May 2026.
Key Highlights
- Q2 2026 revenue decreased to $191.66M from $194.94M YoY.
- Q2 2026 net income fell to $25.40M from $32.73M YoY.
- H1 2026 revenue was $387.14M, net income $56.87M.
- Basic EPS for Q2 2026 was $0.21, down from $0.25 YoY.
- Cash and cash equivalents increased to $476.04M as of June 30, 2026.
- Net cash from investing activities was $221.16M in H1 2026.
- Repurchased $109.73M of common stock in H1 2026.
- Marketplace revenue decreased, Enterprise revenue increased slightly in Q2.
Price Impact
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