Valuation
26% of the score, 30% here after data gaps
100median 50
Upwork Inc. is valued at 6.8x its operating profit, including debt: cheap enough for full points.
60x
50x
35x
25x
18x
12x
8x
6.8x
Full points at 8x or less, none from 60xfull points
UPWKUpwork Inc.
$8.55-50% 1Y
$8.55
$7.6552 weeks$22.11
RyuScore
Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.
RyuScore 69 out of 100, Above average
Today's price. Only valuation depends on it.
Above average. Upwork Inc. scores higher than 75% of the 2,291 companies Ryufin scores.
Carried by valuation and return on new capital, held back by return on capital and capital allocation.
Communication Services median 55 · all companies 54
How the score has moved
At each fiscal year end, from the reports and price of the time23
11
14
15
69
2020202120222023today
The biggest move was up 54 points from 2023 to today, mostly valuation.
Return on capital
18% of the score, 20% here after data gaps
0median 23
Over 7 years the business earned -2.6% a year after tax on the capital it uses.
2%
8%
15%
25%
-2.6%
None at 2% or less, full points from 25%full points
7 years agolatest 30%
Return on new capital
16% of the score, 18% here after data gaps
100median 33
For every dollar of operating profit earned over 6 years, yearly profit grew by 2633 cents. New capital earned 73%, and 3592% of profit went back into the business.
-5%
12%
2633%
None at minus 5 cents, full points from 12 centsfull points
Capital allocation
14% of the score, 16% here after data gaps
36median 63
How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.
Share countUp 3.5% a year over 5 years: new shares
195%
-3%
3.5%
0 pointsfull points
Assets against salesAssets grew 20% a year, sales 16%
6012%
-2%
3.6%
0 pointsfull points
Cycle position
Taken out: its 12% is shared by the others
n/ano data
Margins have been too thin to measure a cycle against.
Balance sheet
8% of the score, 9% here after data gaps
100median 50
What the debt weighs against the profit that has to carry it.
Net debt to EBITDAMore cash than debt
100Interest coverOperating profit covers interest 27x
1001.5x
12x
26.5x
0 pointsfull points
Earnings quality
6% of the score, 7% here after data gaps
94median 90
Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.
Cash against profitOperating cash flow was 1.20x profit over 3 years
870.7x
1x
1.3x
1.2x
0 pointsfull points
AccrualsCash ran ahead of profit by 10.6% of assets
1008%
0%
-8%
-11%
0 pointsfull points
How the RyuScore works
Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. For UPWK, cycle position could not be measured from the filings, so it is taken out and the remaining weights scale up.
Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2026-06-30, latest annual report FY2025.
Internet Content & Information
Ranks #7 of 31 by RyuScore