GBAF Logo
Global Banking & Finance Awards® 2026 Nominations open, free to enter Nominate now →
U

Upwork UPWK · USD

Industrials · US listing · 🇺🇸 United States

Compare

9.72

-2.99%

Close of 9 Nov 2026, in USD

Search any instrument

Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in USD, from our data supplier.

FY2025

Revenue

$787.8m

FY2016FY2025

Net income

$115.4m

FY2016FY2025

Free cash flow

$242.5m

FY2016FY2025

Shareholders' equity

$630.3m

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue$787.8m$769.3m$689.1m$618.3m$502.8m$373.6m$300.6m$253.4m$202.6m$164.4m
Gross profit$613.0m$595.2m$518.7m$457.9m$367.3m$269.4m$212.4m$171.9m$137.1m$101.9m
Research and development$189.3m$209.3m$177.4m$154.6m$119.1m$83.5m$64.0m$55.5m$45.6m$37.9m
Operating income$129.3m$65.2m$48.9m−$92.6m−$53.9m−$21.9m−$18.7m−$17.9m−$3.2m−$15.4m
Net income$115.4m$215.6m$46.9m−$89.9m−$56.2m−$22.9m−$16.7m−$19.9m−$4.1m−$16.2m
Diluted earnings per share0.831.510.33-0.68-0.44-0.19-0.15-0.19-0.04-0.51

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets$1.30bn$1.21bn$1.04bn$1.08bn$1.08bn$529.2m$446.4m$391.6m$275.2m$249.6m
Cash and short-term investments$676.4m$622.1m$550.1m$686.6m$684.8m$169.7m$133.9m$129.1m$21.6m$27.3m
Total liabilities$669.3m$636.2m$656.5m$831.4m$821.5m$229.9m$187.0m$147.8m$306.6m$279.7m
Debt$359.8m$357.9m$356.1m$564.3m$561.3m$10.7m$18.3m$23.9m$33.8m$17.0m
Shareholders' equity$630.3m$575.4m$381.1m$248.9m$259.5m$299.3m$259.4m$243.7m−$31.4m−$30.1m
Shares outstanding139m143m144m132m128m123m113m103m96m32m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations$248.3m$153.6m$52.7m$11.5m$10.8m$22.4m$1.1m$13.7m−$4.0m$3.1m
Capital spending−$5.8m−$14.4m−$16.4m−$8.7m−$6.1m−$14.4m−$16.6m−$6.8m−$2.3m−$846,000
Free cash flow$242.5m$139.1m$36.4m$2.8m$4.7m$8.0m−$15.6m$6.9m−$6.3m$2.3m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue$191.7m$195.5m$198.4m$201.7m$194.9m$192.7m$191.5m$193.8m
Gross profit$146.4m$150.8m$154.7m$155.9m$151.5m$150.9m$148.8m$150.4m
Operating income$28.1m$32.7m$28.3m$29.8m$32.6m$38.7m$13.6m$20.8m
Net income$25.4m$31.5m$15.6m$29.3m$32.7m$37.7m$147.2m$27.8m
Diluted earnings per share0.200.240.110.210.230.271.030.19
Cash from operations$46.0m$23.0m$63.0m$75.0m$72.0m$36.0m$8.0m$91.0m
Capital spending−$1.0m−$1.0m—−$5.0m−$2.0m−$6.0m−$3.0m−$4.0m
Free cash flow$45.0m$22.0m—$70.0m$70.0m$30.0m$5.0m$87.0m
Total assets$1.27bn$1.24bn$1.30bn$1.31bn$1.26bn$1.24bn$1.21bn$1.06bn
Cash and short-term investments$614.2m$579.7m$676.4m$643.1m$634.6m$622.1m$622.1m$601.2m
Debt$360.7m$364.3m$359.8m$361.0m$360.5m$360.0m$359.6m$360.2m
Shareholders' equity$611.3m$569.6m$630.3m$628.1m$608.7m$594.3m$575.4m$411.2m

Financial ratios

Data as of 1 Nov 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin77.8%77.4%75.3%74.1%73.0%72.1%
Operating margin17.9%12.1%7.1%-13.7%-10.7%-5.9%
Net margin14.7%28.0%6.8%-14.5%-11.2%-6.1%
Return on equity18.3%37.5%12.3%-36.1%-21.7%-7.6%
Return on assets8.9%17.8%4.5%-8.3%-5.2%-4.3%
Free cash flow yield19.9%12.8%5.2%1.7%1.5%3.3%
Revenue growth2.4%11.6%11.5%23.0%34.6%24.3%
Earnings growth-46.5%359.8%-152.2%59.8%145.9%37.3%
Current ratio1.46x3.39x3.01x3.76x3.98x1.82x
Debt to equity0.57x0.62x0.95x2.29x2.19x0.05x
Equity ratio48.5%47.5%36.7%23.0%24.0%56.6%
Interest coverage201.40x34.49x48.88x-18.93x-24.74x-28.20x
R&D as a share of sales24.0%27.2%25.7%25.0%23.7%22.3%
Buybacks as a share of market value2.6%0.5%-9.1%-3.4%-3.4%-9.5%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue8.4%16.1%—

Average margins

Over each period

1 year3 years5 years10 years
Gross margin77.6%76.3%75.4%—

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Price to earnings23.910.845.6-15.3-77.5-186.3-72.2-94.0
Price to sales3.53.03.12.28.711.44.07.4

Market value over time

31 Oct 2018 to 30 Oct 2026, in USD

$2.00bn$1.19bn

Share price return

Finished calendar years

20252024202320222021202020192018
Return23%8%45%-68%-18%282%-49%-2%

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.