Upwork (NASDAQ:UPWK) Releases Q3 2025 Earnings Guidance

Key Points

• Upwork has updated its Q3 2025 earnings guidance, projecting an EPS of 0.260-0.280 and revenue of $190.0 million-$195.0 million, slightly above consensus estimates.
• Following a recent earnings report where Upwork exceeded EPS and revenue expectations, the stock saw a 7.5% increase in value.
• Analysts are generally bullish on Upwork, with a majority assigning it a "buy" or "strong buy" rating, and the stock currently has an average target price of $18.67.

Upwork (NASDAQ:UPWK - Get Free Report) updated its third quarter 2025 earnings guidance on Thursday. The company provided EPS guidance of 0.260-0.280 for the period, compared to the consensus EPS estimate of 0.268. The company issued revenue guidance of $190.0 million-$195.0 million, compared to the consensus revenue estimate of $187.7 million. Upwork also updated its FY 2025 guidance to 1.140-1.180 EPS.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on UPWK shares. Wall Street Zen cut Upwork from a "strong-buy" rating to a "buy" rating in a report on Saturday. Needham & Company LLC reiterated a "buy" rating and set a $19.00 price objective on shares of Upwork in a research note on Tuesday, May 6th. Citigroup restated an "outperform" rating on shares of Upwork in a report on Friday, May 16th. JMP Securities upped their price target on shares of Upwork from $18.00 to $20.00 and gave the stock a "market outperform" rating in a research note on Friday, May 16th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $18.00 price target on shares of Upwork in a research report on Monday, June 2nd. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $18.67.

Upwork Stock Up 2.1%

Upwork stock traded up $0.27 during mid-day trading on Monday, reaching $13.44. 1,856,487 shares of the company were exchanged, compared to its average volume of 2,454,973. The business has a fifty day moving average of $13.52 and a 200 day moving average of $14.26. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.36 and a current ratio of 3.36. Upwork has a 12-month low of $8.67 and a 12-month high of $18.14. The firm has a market cap of $1.78 billion, a P/E ratio of 7.75 and a beta of 1.38.

Upwork (NASDAQ:UPWK - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.26 by $0.09. Upwork had a net margin of 31.75% and a return on equity of 44.83%. The company had revenue of $194.94 million during the quarter, compared to analyst estimates of $187.56 million. During the same quarter in the previous year, the firm earned $0.26 EPS. The firm's revenue was up .9% compared to the same quarter last year. Research analysts anticipate that Upwork will post 0.84 earnings per share for the current fiscal year.

Insider Transactions at Upwork

In related news, CAO Olivier Marie sold 1,879 shares of the stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $13.50, for a total value of $25,366.50. Following the completion of the sale, the chief accounting officer directly owned 4,632 shares in the company, valued at approximately $62,532. This represents a 28.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Erica Gessert sold 9,267 shares of Upwork stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $13.51, for a total value of $125,197.17. Following the completion of the transaction, the chief financial officer owned 190,738 shares of the company's stock, valued at approximately $2,576,870.38. The trade was a 4.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 425,454 shares of company stock worth $7,148,563 in the last quarter. Insiders own 7.60% of the company's stock.

Hedge Funds Weigh In On Upwork

A number of institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers increased its stake in shares of Upwork by 51.4% in the 2nd quarter. Cetera Investment Advisers now owns 16,363 shares of the company's stock valued at $220,000 after buying an additional 5,553 shares during the period. Creative Planning increased its holdings in shares of Upwork by 16.9% during the second quarter. Creative Planning now owns 29,239 shares of the company's stock worth $393,000 after buying an additional 4,230 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Upwork by 5.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,466 shares of the company's stock worth $972,000 after acquiring an additional 3,599 shares during the period. Royal Bank of Canada boosted its stake in shares of Upwork by 68.9% in the 1st quarter. Royal Bank of Canada now owns 191,587 shares of the company's stock worth $2,501,000 after buying an additional 78,123 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Upwork by 10.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 338,680 shares of the company's stock worth $4,420,000 after purchasing an additional 31,378 shares during the period. 77.71% of the stock is currently owned by institutional investors.

Upwork Company Profile

Upwork Inc, together with its subsidiaries, operates a work marketplace that connects businesses with various independent professionals and agencies in the United States, India, the Philippines, and internationally. The company's work marketplace provides access to talent with various skills across a range of categories, including administrative support, sales and marketing, design and creative, and customer service, as well as web, mobile, and software development.