STOCK Act, US House only, disclosed up to 45 days after the trade
Funds added, last quarter
175
13F, latest reported quarter
Conversions, 180 days
25
Codes C/M, not in net · no price filed
What the filings say about UPWK
Insiders, 180 days
-$2.6M net sold
4 sellers · 12% of sales under a 10b5-1 plan
Planned sales (Form 144), 90 days
$1.5M
7 notices
Upwork insider trades (Form 4)
Form 4 buys and sells (codes P and S). Grants, option exercises
and conversions excluded.
Over the last 180 days, UPWORK, INC insiders sold a net $2.6M of stock across 254 Form 4 purchases and sales, with no insider buying. Source: SEC Form 4 filings, as of 2026-10-28.
78 earlier Form 4 trades (code P or S) here by this insider (78 sales), the last on Aug 18, 2026.
The trade is 3.0% of the 793,593 shares held after it.
3 other insiders sold within 30 days.
175 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: President & CEO Brown Hayden sold about $201.9K of UPWK on Sep 18, 2026; 3 other insiders sold within 30 days and 175 funds added in the latest 13F quarter.
3 earlier Form 4 trades (code P or S) here by this insider (3 sales), the last on Aug 18, 2026.
The trade is 59.9% of the 76,342 shares held after it.
3 other insiders sold within 30 days.
175 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: GM & Chief Operating Officer Kappus Anthony Ray sold about $386.5K of UPWK on Sep 18, 2026; 3 other insiders sold within 30 days and 175 funds added in the latest 13F quarter.
20 earlier Form 4 trades (code P or S) here by this insider (20 sales), the last on Aug 18, 2026.
The trade is 2.5% of the 373,586 shares held after it.
3 other insiders sold within 30 days.
175 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Chief Financial Officer Gessert Erica sold about $78.9K of UPWK on Sep 18, 2026; 3 other insiders sold within 30 days and 175 funds added in the latest 13F quarter.
2 earlier Form 4 trades (code P or S) here by this insider (2 sales), the last on Jun 18, 2026.
The trade is 19.5% of the 6,675 shares held after it.
3 other insiders sold within 30 days.
175 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Chief Accounting Officer Mekhalfa Sabrina sold about $11.0K of UPWK on Sep 18, 2026; 3 other insiders sold within 30 days and 175 funds added in the latest 13F quarter.
254 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
Nobody has filed for crossing 5%. That is a fact, not missing data.
UPWK planned insider sales (Form 144)
Notice of intent to sell, filed before any sale
ANTHONY KAPPUS
Filed 2026-10-19
$4.7K
HAYDEN BROWN
Filed 2026-09-18
$201.9K
ERICA GESSERT
Filed 2026-09-18
$78.9K
ANTHONY KAPPUS
Filed 2026-09-18
$386.5K
HAYDEN BROWN
Filed 2026-08-18
$409.5K
UPWK mutual fund holders (N-PORT)
Funds ranked by the share of their own portfolio in this stock (N-PORT).
Amplify Online Retail ETF
$2.1M position · as of 2026-06-30
2.0%
Invenomic Fund
$14.4M position · as of 2026-07-31
1.7%
Bushido Capital US SMID Cap Equity ETF
$2.2M position · as of 2026-07-31
1.2%
Royce Capital Fund - Small-Cap Portfolio
$1.5M position · as of 2026-06-30
0.8%
Royce Small-Cap Value Fund
$892.0K position · as of 2026-06-30
0.8%
VictoryShares Small Cap Free Cash Flow ETF
$4.4M position · as of 2026-06-30
0.7%
SEC N-PORT, monthly, about 60 days late · funds ≥ $10M ·
% is the share of the fund's own portfolio
Executive pay vs shareholder return · Ms. Brown
CEO pay, headline and as actually paid, against the company's
return and its chosen peers' (DEF 14A).
FY
CEO total
Actually paid
Other execs, avg
TSR
Peer TSR
2025
$17.1M
$41.2M
$4.6M
+86%
+130%
2024
$9.9M
$7.7M
$3.8M
+53%
+88%
2023
$9.5M
$10.0M
$3.5M
+39%
+76%
2022
$8.5M
-$27.3M
$4.6M
-2%
+8%
2021
$34.9M
$31.1M
$2.1M
+220%
+78%
Tagged by the company under SEC Item 402(v). Returns are
cumulative from the start of the disclosure period. Green where the company beat its own peer group.
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
Insiders have filed to sell, before selling.
The record shows a net $2.6M sold by insiders over 180 days, 175 funds added last quarter, $1.5M in planned Form 144 sales. Each figure is a federal filing, dated the day it went public.
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
$787.3M
four quarters, 2025-07-01 to 2026-06-30
Revenue, TTM UPWK
FY Dec 2025
$787.8M
FY Dec 2024
$769.3M
FY Dec 2023
$689.1M
FY Dec 2022
$618.3M
FY Dec 2021
$502.8M
Jun 2026
$191.7M
Mar 2026
$195.5M
Dec 2025
$198.4M
Sep 2025
$201.7M
Jun 2025
$194.9M
Mar 2025
$192.7M
Dec 2024
$191.5M
Sep 2024
$193.8M
At each fiscal year end
Single quarter
Net margin, TTM
+12.9%
net income over revenue, 2025-07-01 to 2026-06-30
Net margin, TTM UPWK
FY Dec 2025
+14.7%
FY Dec 2024
+28.0%
FY Dec 2023
+6.8%
FY Dec 2022
-14.5%
FY Dec 2021
-11.2%
Jun 2026
+13.3%
Mar 2026
+16.1%
Dec 2025
+7.9%
Sep 2025
+14.5%
Jun 2025
+16.8%
Mar 2025
+19.6%
Dec 2024
+76.9%
Sep 2024
+14.3%
At each fiscal year end
Single quarter
Free cash flow, TTM
$204.4M
operating cash flow minus capex, 2025-07-01 to 2026-06-30
Free cash flow, TTM UPWK
FY Dec 2025
$242.5M
FY Dec 2024
$150.0M
FY Dec 2023
$52.0M
FY Dec 2022
$10.2M
FY Dec 2021
$9.8M
Jun 2026
$45.3M
Mar 2026
$21.3M
Dec 2025
$63.2M
Sep 2025
$74.6M
Jun 2025
$70.1M
Mar 2025
$34.5M
Dec 2024
$37.0M
Sep 2024
$59.8M
At each fiscal year end
Single quarter
Debt to equity
0.59x
LongTermDebt as filed 2026-06-30 (includes the current portion); equity 2026-06-30
Debt to equity UPWK
FY Dec 2025
0.57x
FY Dec 2024
0.62x
FY Dec 2023
0.93x
FY Dec 2022
2.27x
FY Dec 2021
2.16x
Jun 2026
0.59x
Mar 2026
0.63x
Dec 2025
0.57x
Sep 2025
0.57x
Jun 2025
0.59x
Mar 2025
0.60x
Dec 2024
0.62x
Sep 2024
0.87x
At each fiscal year end
Trailing four quarters at each quarter end
Cash flow to debt
0.58x
TTM operating cash flow over LongTermDebt as filed 2026-06-30 (includes the current portion)
Cash flow to debt UPWK
FY Dec 2025
0.69x
FY Dec 2024
0.43x
FY Dec 2023
0.15x
FY Dec 2022
0.02x
FY Dec 2021
0.02x
Jun 2026
0.58x
Mar 2026
0.65x
Dec 2025
0.69x
Sep 2025
0.62x
Jun 2025
0.58x
Mar 2025
0.49x
Dec 2024
0.43x
Sep 2024
0.38x
At each fiscal year end
Trailing four quarters at each quarter end
Return on equity
+16.7%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on equity UPWK
FY Dec 2025
+19.1%
FY Dec 2024
+45.1%
FY Dec 2023
+14.9%
FY Dec 2022
-35.4%
FY Dec 2021
-20.1%
Jun 2026
+16.7%
Mar 2026
+18.8%
Dec 2025
+19.1%
Sep 2025
+47.5%
Jun 2025
+50.6%
Mar 2025
+49.8%
Dec 2024
+45.1%
Sep 2024
+22.8%
At each fiscal year end
Trailing four quarters at each quarter end
Return on assets
+8.0%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on assets UPWK
FY Dec 2025
+9.2%
FY Dec 2024
+19.2%
FY Dec 2023
+4.4%
FY Dec 2022
-8.3%
FY Dec 2021
-7.0%
Jun 2026
+8.0%
Mar 2026
+8.8%
Dec 2025
+9.2%
Sep 2025
+20.8%
Jun 2025
+21.6%
Mar 2025
+21.0%
Dec 2024
+19.2%
Sep 2024
+8.5%
At each fiscal year end
Trailing four quarters at each quarter end
Return on invested capital
+14.8%
operating income after a 27.0% effective tax rate, over LongTermDebt as filed 2026-06-30 (includes the current portion) plus average of 2025-06-30 and 2026-06-30 minus cash
Return on invested capital UPWK
FY Dec 2025
+14.7%
FY Dec 2024
n/a
FY Dec 2023
-1.9%
FY Dec 2022
n/a
FY Dec 2021
n/a
Jun 2026
+14.8%
Mar 2026
+14.7%
Dec 2025
+14.7%
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
+11.3%
At each fiscal year end
Trailing four quarters at each quarter end
Return on capital employed
+14.7%
operating income (EBIT proxy) over average of 2025-06-30 and 2026-06-30 minus current liabilities
Return on capital employed UPWK
FY Dec 2025
+16.2%
FY Dec 2024
+7.7%
FY Dec 2023
-1.4%
FY Dec 2022
-11.0%
FY Dec 2021
-9.2%
Jun 2026
+14.7%
Mar 2026
+15.8%
Dec 2025
+16.2%
Sep 2025
+16.0%
Jun 2025
+12.4%
Mar 2025
+10.8%
Dec 2024
+7.7%
Sep 2024
+8.1%
At each fiscal year end
Trailing four quarters at each quarter end
P/E, trailing
11.78x
close 2026-10-27 over four quarters of diluted EPS, 2025-07-01 to 2026-06-30
P/E, trailing UPWK
FY Dec 2025
23.60x
FY Dec 2024
10.76x
FY Dec 2023
247.83x
FY Dec 2022
n/a
FY Dec 2021
n/a
Jun 2026
10.86x
Mar 2026
13.53x
Dec 2025
23.60x
Sep 2025
10.67x
Jun 2025
7.77x
Mar 2025
7.86x
Dec 2024
10.76x
Sep 2024
16.85x
At each fiscal year end
Trailing four quarters at each quarter end
Enterprise value
$1.0B
market value at close 2026-10-27 on 2026-07-31 shares, plus LongTermDebt as filed 2026-06-30 (includes the current portion), minus cash 2026-06-30
Enterprise value UPWK
FY Dec 2025
$2.7B
FY Dec 2024
$2.2B
FY Dec 2023
$2.3B
FY Dec 2022
$1.8B
FY Dec 2021
$4.8B
Jun 2026
$917.3M
Mar 2026
$1.5B
Dec 2025
$2.7B
Sep 2025
$2.6B
Jun 2025
$1.8B
Mar 2025
$1.8B
Dec 2024
$2.2B
Sep 2024
$1.4B
At each fiscal year end
Trailing four quarters at each quarter end
FCF yield
+18.0%
TTM free cash flow over market value at close 2026-10-27
FCF yield UPWK
FY Dec 2025
+9.4%
FY Dec 2024
+6.9%
FY Dec 2023
+2.6%
FY Dec 2022
+0.7%
FY Dec 2021
+0.2%
Jun 2026
+19.8%
Mar 2026
+16.0%
Dec 2025
+9.4%
Sep 2025
+8.8%
Jun 2025
+11.4%
Mar 2025
+9.6%
Dec 2024
+6.9%
Sep 2024
+9.6%
At each fiscal year end
Trailing four quarters at each quarter end
PEG, trailing
n/a
trailing EPS growth -55%, PEG needs growth
PEG, trailing UPWK
FY Dec 2025
n/a
FY Dec 2024
0.00x
FY Dec 2023
n/a
FY Dec 2022
n/a
FY Dec 2021
n/a
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
n/a
Sep 2025
0.06x
Jun 2025
0.04x
Mar 2025
0.02x
Dec 2024
0.00x
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
Price as of 2026-10-27. Hover or tap a tile for its yearly and quarterly history.Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
UPWK ranks highest on profitability (72nd percentile) and institutional and government (69th), and lowest on growth (18th), among Software & IT peers.
Profitability
72
Inputs
Return on equity+16.7% · 76 pct, sector of 286
Return on assets+8.0% · 77 pct, sector of 381
Return on invested capital+14.8% · 51 pct, sector of 78
Return on capital employed+14.7% · 82 pct, sector of 294
Financial health
51
Inputs
Debt to equity0.59x · 30 pct, sector of 288
Cash flow to debt0.58x · 71 pct, sector of 241
Growth
18
Inputs
Revenue growth, YoY+2.4% · 35 pct, sector of 480
Backlog growth, YoY-89.5% · 1 pct, sector of 182
Insider conviction
24
Inputs
Net Form 4 buying (codes P and S), 180d-$2.0M · 47 pct, sector of 284
Insider buyers, 180d0 · 0 pct, sector of 290
Institutional and government
69
Inputs
Funds adding, latest quarter175 · 69 pct, sector of 415
Congress net buyers, 365dno Congress trades in 365 days
Federal contracts, 180dno federal contracts in 180 days
Lobbying spend, 4 quartersno lobbying filings in the last four quarters
Risk and compliance
27
Inputs
Short interest, % of float+17.1% · 11 pct, sector of 528
Recalls per $1B revenue, 3ynot measured for this sector, almost no peer has an event
EPA cases per $1B revenue, 5ynot measured for this sector, almost no peer has an event
New text in Risk Factors, latest 10-K+12.6% · 42 pct, sector of 316
1 not measured: US patents
US patents needs 1 of 2 inputs, 0 present: patent data not loaded yet
6 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored
UPWK filings, in plain words
Are Upwork insiders buying or selling UPWK?
In the 180 days to 2026-10-28, Upwork insiders were net sellers, a net $2.6M across purchases and sales reported on Form 4, by 4 sellers.
Are there planned insider sales of UPWK?
Yes. 7 Form 144 notices of planned insider sales were filed in the 90 days to 2026-10-28, covering $1.5M of stock; the latest, by ANTHONY KAPPUS, was filed 2026-10-19.
Read the full summary
In the 180 days to 2026-10-28, Upwork insiders were net sellers of UPWK, a net $2.6M across purchases and sales reported on Form 4 by 4 sellers. 12% of the 17 insider sales were made under a Rule 10b5-1 plan; the rest were not flagged as planned. Insiders filed 7 Form 144 notices of intent to sell in the 90 days to 2026-10-28, covering $1.5M of stock. Each figure is counted from SEC and House filings as of 2026-10-28, dated the day the filing was made public.
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