Upwork Inc (NASDAQ:UPWK) reported better-than-expected financial results for the fourth quarter of 2025 after the market close on Monday.
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.
"2025 marked the year we rebuilt Upwork for the age of human-plus-AI collaboration, turning global change into a definitive tailwind, all while demonstrating strong financial performance," said Hayden Brown, president and CEO, Upwork.
Upwork expects first-quarter revenue to be in the range of $192 million to $197 million versus estimates of $200.83 million. The company anticipates first-quarter adjusted earnings of 26 cents to 28 cents per share versus estimates of 34 cents per share.
Upwork sees full-year 2026 revenue of $835 million to $850 million versus estimates of $836.15 million. The company expects full-year adjusted earnings to be in the range of $1.43 to $1.48 per share versus estimates of $1.42 per share.
Upwork shares dipped 19.3% to trade at $15.16 on Tuesday.
These analysts made changes to their price targets on Upwork following earnings announcement.
- Scotiabank analyst Nat Schindler maintained Upwork with a Sector Perform and lowered the price target from $17 to $15.
- RBC Capital analyst Brad Erickson maintained the stock with a Sector Perform and lowered the price target from $24 to $20.
- Citigroup analyst Ronald Josey maintained the stock with a Neutral and lowered the price target from $19 to $17.
- Roth Capital analyst Rohit Kulkarni maintained Upwork with a Buy and raised the price target from $22 to $23.
Considering buying UPWK stock? Here’s what analysts think:
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