earnings
confidence high
sentiment positive
materiality 0.80
Upwork Q2 revenue $194.9M, net income $32.7M, raises FY2025 guidance, acquires Bubty and Ascen
UPWORK, INC
2025-Q2 EPS reported
$0.50
revenue$387,645,000
- Q2 revenue $194.9M (record, +1% YoY), GAAP net income $32.7M (+47%), diluted EPS $0.24 vs $0.17.
- Adjusted EBITDA $57.1M (+40%), margin 29.3% (all-time high); free cash flow $65.6M.
- Active clients 796K; GSV per active client $5,002 (+5% YoY); AI GSV growth accelerated to 30% YoY.
- Raises FY2025 revenue guidance to $765M-$775M, adjusted EBITDA to $206M-$214M.
- Acquired Bubty and agreed to acquire Ascen to serve large enterprises with contingent workforce solutions, targeting $650B TAM.