Back to News
Feb 9, 2026 4:30 PM

Upwork Stock Tumbles On Q4 Earnings As Soft Guidance Weighs On Shares

Upwork Inc (NASDAQ:UPWK) reported financial results for the fourth quarter of 2025 after the market close on Monday. Here’s a look at the key metrics from the quarter.

 Why are UPWK shares down?

Upwork Tops Analyst Expectations In Q4

Upwork reported fourth-quarter revenue of $198.41 million, beating analyst estimates of $197.52 million, according to Benzinga Pro. The company reported fourth-quarter adjusted earnings of 36 cents per share, beating analyst estimates of 31 cents per share.

Total revenue increased 4% year-over-year. Active clients totaled 785,000 at quarter's end. Gross services volume per active client came in at $5,129, up 7% year-over-year. Upwork generated $63.7 million in cash from operations and $57.3 million in free cash flow during the quarter.

“2025 ...