Company / Cost of Revenue
Upwork, Inc. Cost of Revenue History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$174.8M
FY2025
5-year range
$88.1M / $174.8M
FY2021-FY2025
Trend
+0.4%
vs FY2024
Sector context
#227 of 245
Industrials
What the data says
Among 245 Industrials companies, Upwork, Inc. is in the top 7% for cost of revenue. Cost of Revenue has increased for 7 consecutive years, from $63M in FY2018 to $175M in FY2025.
Based on SEC 10-K filings.
$175M in FY2025 with a 5-year CAGR of +16.5%.
Increased from $170M to $175M over the past 2 years.
Industrials sector context is included.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- +18.8%
- 5-Year CAGR
- +16.5%
- 10-Year CAGR
- -
Sector benchmark
Top 7% in IndustrialsTop 7% of 245This company $174.8M Sector average $4.3B
▼
-96.0% below sector average
Key checks
Key Insights
- Upwork, Inc.'s cost of revenue has grown for 7 consecutive years.
- 5-year CAGR of +16.5%, indicating consistent growth.
- In FY2025, cost of revenue increased 0.4% year-over-year.
- Ranks #227 out of 245 companies in the Industrials sector.
Company context
Key Data Points
- Strong profit margin: 28.0%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $174.8M | +0.4% |
| FY2024 | $174.1M | +2.1% |
| FY2023 | $170.4M | +63.5% |
| FY2022 | $104.3M | +18.3% |
| FY2021 | $88.1M | +8.2% |
| FY2020 | $81.5M | +24.5% |
| FY2019 | $65.4M | +4.6% |
| FY2018 | $62.6M | -4.4% |
| FY2017 | $65.4M | +4.6% |
| FY2016 | $62.6M | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026