Upwork Inc. (UPWK)Communication Services | Internet Content & Information | Palo Alto, United States | NasdaqGS
8.43 USD
-0.21
(-2.431%) ⇩
(Oct. 14, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 11:35 a.m. EDT
The investment case for Upwork is currently compromised by a perfect storm of deteriorating fundamentals and aggressive short-term hedging. Fundamentally, the company is failing to execute its turnaround story; revenue is flat while earnings are contracting, and the stock has been in a multi-year downtrend despite a recent technical bounce. The market is pricing in significant trouble, reflected in a forward P/E that remains stretched relative to the lack of growth. Crucially, the options data confirms this pessimism: traders are pouring capital into deep out-of-the-money puts for 2027, creating a dense wall of resistance that suggests they expect the price to fall significantly before recovering. With no dividend to provide income and a statistical forecast showing a weak bearish lean, the risk-reward profile is skewed against buyers until the company can demonstrate sustained top-line growth and stabilize its earnings trajectory. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.062856 |
| MSTL | 0.064206 |
| AutoETS | 0.069456 |
| AutoARIMA | 0.069459 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 40% |
| H-stat | 2.27 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.192 |
| Excess Kurtosis | -0.84 |
| Attribute | Value |
|---|---|
| Sector | Communication Services |
| Debt to Equity Ratio | 62.069 |
| Revenue per Share | 6.12 |
| Market Cap | 1,052,935,424 |
| Trailing P/E | 11.24 |
| Forward P/E | 6.18 |
| Beta | 1.05 |
| Profit Margins | 12.93% |
| Website | https://www.upwork.com |
As of Oct. 10, 2026, 11:35 a.m. EDT: Speculators are heavily positioning for downside protection, evidenced by massive open interest in out-of-the-money puts expiring in early 2027 compared to negligible call volume at similar strikes. The implied volatility skew shows puts trading at a significant premium relative to calls, indicating a market consensus that the stock faces further pressure rather than a rebound. While some call volume exists at higher strikes (12.5 and 15.0), the overwhelming weight of capital is in defensive put writing.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.48387098 |
| Address1 | 530 Lytton Avenue |
| Address2 | Suite 301 |
| All Time High | 64.49 |
| All Time Low | 5.14 |
| Ask | 8.44 |
| Ask Size | 1 |
| Audit Risk | 1 |
| Average Daily Volume10 Day | 2,284,090 |
| Average Daily Volume3 Month | 3,185,371 |
| Average Volume | 3,185,371 |
| Average Volume10Days | 2,284,090 |
| Beta | 1.054 |
| Bid | 6.14 |
| Bid Size | 2 |
| Board Risk | 4 |
| Book Value | 4.516 |
| City | Palo Alto |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 10 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 8.43 |
| Current Ratio | 1.424 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,790,726,400 |
| Day High | 8.625 |
| Day Low | 8.26 |
| Debt To Equity | 62.069 |
| Display Name | Upwork |
| Dividend Yield | 0.0 |
| Earnings Call Timestamp End | 1,793,649,600 |
| Earnings Call Timestamp Start | 1,793,649,600 |
| Earnings Growth | -0.159 |
| Earnings Quarterly Growth | -0.224 |
| Earnings Timestamp | 1,793,649,600 |
| Earnings Timestamp End | 1,793,649,600 |
| Earnings Timestamp Start | 1,793,649,600 |
| Ebitda | 149,114,000 |
| Ebitda Margins | 0.1894 |
| Enterprise To Ebitda | 5.48 |
| Enterprise To Revenue | 1.038 |
| Enterprise Value | 817,206,656 |
| Eps Current Year | 1.38967 |
| Eps Forward | 1.36457 |
| Eps Trailing Twelve Months | 0.75 |
| Esg Populated | 0 |
| Exchange | NMS |
| Exchange Data Delayed By | 15 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 8.6334 |
| Fifty Day Average Change | -0.20339966 |
| Fifty Day Average Change Percent | -0.023559624 |
| Fifty Two Week Change Percent | -48.3871 |
| Fifty Two Week High | 22.84 |
| Fifty Two Week High Change | -14.41 |
| Fifty Two Week High Change Percent | -0.6309107 |
| Fifty Two Week Low | 7.44 |
| Fifty Two Week Low Change | 0.99000025 |
| Fifty Two Week Low Change Percent | 0.13306455 |
| Fifty Two Week Range | 7.44 - 22.84 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,538,573,400,000 |
| Float Shares | 111,119,771 |
| Forward Eps | 1.36457 |
| Forward P E | 6.1777706 |
| Free Cashflow | 156,381,744 |
| Full Exchange Name | NasdaqGS |
| Full Time Employees | 630 |
| Fullday Change | -0.21000004 |
| Fullday Change Percent | -2.4305558 |
| Fullday Price | 8.43 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,790,812,800 |
| Gross Margins | 0.77242 |
| Gross Profits | 608,110,976 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.052699998 |
| Held Percent Institutions | 1.0436 |
| Implied Shares Outstanding | 124,903,365 |
| Industry | Internet Content & Information |
| Industry Disp | Internet Content & Information |
| Industry Key | internet-content-information |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Long Business Summary | Upwork Inc., together with its subsidiaries, provides platforms and workforce solutions that connect businesses with freelance, agency, fractional, and payrolled talent in the United States, the Philippines, India, Pakistan, and internationally. The company offers Upwork Marketplace, a human and AI-powered work marketplace that connects businesses with on-demand access to independent talent across a range of categories, including AI-related projects, administrative support, sales and marketing, design and creative, and customer service, as well as web, mobile, and software development. Its marketplace also streamlines workflows, such as talent sourcing, outreach, contracting, and engagement management, as well as provides infrastructure for remote collaboration, including communication and collaboration tools, consolidated invoicing, and payment protection; and Upwork Payroll services. It also offers enterprise solutions that provide access to platform capabilities that support contingent workforce solutions, including sourcing, onboarding, classification, compliance and contract management, payments, and reporting. In addition, the company offers managed services that provide a service-led program management and end-to-end project delivery solution that enables enterprise clients to outsource defined functions or projects; Uma, an AI assistant; and escrow services. The company was formerly known as Elance-oDesk, Inc. and changed its name to Upwork Inc. in May 2015. Upwork Inc. was founded in 1998 and is headquartered in Palo Alto, California. |
| Long Name | Upwork Inc. |
| Market | us_market |
| Market Cap | 1,052,935,424 |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_425007667 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | 101,834,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 1,021,709,525 |
| Number Of Analyst Opinions | 8 |
| Open | 8.57 |
| Operating Cashflow | 208,672,992 |
| Operating Margins | 0.21806999 |
| Overall Risk | 6 |
| Payout Ratio | 0.0 |
| Peg Ratio | 0.85 |
| Phone | 650 316 7500 |
| Previous Close | 8.64 |
| Price Eps Current Year | 6.0661883 |
| Price Hint | 2 |
| Price To Book | 1.8666964 |
| Price To Sales Trailing12 Months | 1.3374311 |
| Profit Margins | 0.12935 |
| Quick Ratio | 1.082 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | -0.21000004 |
| Regular Market Change Percent | -2.430556 |
| Regular Market Day High | 8.625 |
| Regular Market Day Low | 8.26 |
| Regular Market Day Range | 8.26 - 8.625 |
| Regular Market Open | 8.57 |
| Regular Market Previous Close | 8.64 |
| Regular Market Price | 8.43 |
| Regular Market Time | 1,792,008,000 |
| Regular Market Volume | 2,045,666 |
| Return On Assets | 0.06627 |
| Return On Equity | 0.16695 |
| Revenue Growth | -0.017 |
| Revenue Per Share | 6.12 |
| Sand P52 Week Change | 0.1570785 |
| Sector | Communication Services |
| Sector Disp | Communication Services |
| Sector Key | communication-services |
| Share Holder Rights Risk | 4 |
| Shares Outstanding | 124,903,365 |
| Shares Percent Shares Out | 0.14039999 |
| Shares Short | 17,531,618 |
| Shares Short Previous Month Date | 1,788,134,400 |
| Shares Short Prior Month | 19,350,191 |
| Short Name | Upwork Inc. |
| Short Percent Of Float | 0.2148 |
| Short Ratio | 6.26 |
| Source Interval | 15 |
| State | CA |
| Symbol | UPWK |
| Target High Price | 14.0 |
| Target Low Price | 8.0 |
| Target Mean Price | 9.875 |
| Target Median Price | 9.0 |
| Total Cash | 614,243,968 |
| Total Cash Per Share | 4.922 |
| Total Debt | 379,407,008 |
| Total Revenue | 787,281,984 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | 0.75 |
| Trailing P E | 11.240001 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 11.34535 |
| Two Hundred Day Average Change | -2.91535 |
| Two Hundred Day Average Change Percent | -0.2569643 |
| Type Disp | Equity |
| Volume | 2,045,666 |
| Website | https://www.upwork.com |
| Zip | 94,301 |