Cost of revenue · 2016–2025
Upwork cost of revenue
$175M+0.4% · FY2025
Upwork (UPWK) reported $175M in cost of revenue for fiscal 2025, +0.4% year on year.
| Fiscal year | Cost of revenue | Change | Filing |
|---|---|---|---|
| FY20252025-12-31 | $175M | +0.4% | Open → |
| FY20242024-12-31 | $174M | +2.1% | Open → |
| FY20232023-12-31 | $170M | +6.3% | Open → |
| FY20222022-12-31 | $160M | +18.4% | Open → |
| FY20212021-12-31 | $136M | +30.0% | Open → |
| FY20202020-12-31 | $104M | +18.3% | Open → |
| FY20192019-12-31 | $88.1M | +8.2% | Open → |
| FY20182018-12-31 | $81.5M | +24.5% | Open → |
| FY20172017-12-31 | $65.4M | +4.6% | Open → |
| FY20162016-12-31 | $62.6M | — | Open → |
Cost of revenue — Cost of revenue is the direct cost of producing what the company sold — materials, manufacturing and the labour tied to delivery. It excludes sales, marketing and administration. Revenue minus this figure is gross profit.
Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2016–2025 compound annual growth +12.1%
Cost of revenue at companies of similar size
Cite this page
Ready-made references for the figures on this page, as published on September 25, 2026.
Wikipedia
{{cite web |title=Upwork cost of revenue |url=https://companiesranked.com/en/company/upwork/cost-of-revenue |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Upwork cost of revenue. CompaniesRanked. https://companiesranked.com/en/company/upwork/cost-of-revenueBibTeX
@misc{companiesranked-en-company-upwork-cost-of-revenue-2026,
author = {{CompaniesRanked}},
title = {{Upwork cost of revenue}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/company/upwork/cost-of-revenue}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The filing itself
The numbers above are read from this document: 10-K · 0001627475-26-000012 · February 13, 2026
{{cite web |title=Upwork cost of revenue — 10-K (0001627475-26-000012) |url=https://www.sec.gov/Archives/edgar/data/1627475/000162747526000012/upwk-20251231.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-02-13}}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.