earnings
confidence high
sentiment positive
materiality 0.78
Upwork Q1 revenue $192.7M, net income doubles; raises FY adjusted EBITDA guidance
UPWORK, INC
2025-Q1 EPS reported
$0.27
revenue$192,706,000
- Q1 rev $192.7M (+1% YoY); GAAP net income $37.7M ($0.27 EPS) doubled from $18.4M ($0.13) YoY.
- Adj EBITDA $56.0M (29% margin) vs $33.3M; free cash flow $30.8M vs $12.1M.
- Active clients 812k; GSV/client $4,912 up 3% YoY, first positive growth in six quarters.
- AI-related GSV +25% YoY; Uma AI engagement +52% QoQ; Ads monetization rev +23% YoY.
- FY rev guidance reiterated $740-760M; FY adj EBITDA guidance raised to $190-200M.