Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 194M | 0.3% |
| Gross Profit | 150M | 0.7% |
| Cost of Revenue | 121M | 0.3% |
| Operating expense | 130M | 1.5% |
| Net Income | 28M | 24.9% |
| EBITDA | 186M | 734.8% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 1.06B | 5.4% |
| Total Liabilities | 651M | 0.6% |
| Total Equity | 411M | 13.9% |
| Shares Outstanding | 133M | 1.1% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 102M | 173.9% |
| Cash from investing | 2.1M | 98.6% |
| Cash from financing | -3.2M | 90.6% |
EPS
Financial Highlights for Upwork in Q3 '24
Upwork reported a revenue of 194M, which is a 0.3% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 150M, marking a 0.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 121M, a -0.3% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 130M, showing a -1.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 28M, showing a 24.9% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 186M, showing a 734.8% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Upwork with growth in revenue, gross profit, and net income.
