Upwork Inc. Cost of Goods Sold (COGS)
| Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | |
|---|---|---|---|---|---|---|---|---|---|
| Cost of Goods Sold (COGS) | $62.6M | $65.4M | $81.5M | $88.1M | $104.3M | $135.5M | $160.4M | $170.5M | $174.1M |
Upwork Inc. (UPWK) Cost of Goods Sold (COGS) comparison analysis
General
LTM Cost of Goods Sold (COGS)
Growth
Company name
YoY growth
3Y CAGR
5Y CAGR
UPWK key stats
| Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | |
|---|---|---|---|---|---|---|---|---|---|
% growth | 164.4 0.0% | 202.6 23.2% | 253.4 25.1% | 300.6 18.6% | 373.6 24.3% | 502.8 34.6% | 618.3 23.0% | 689.1 11.5% | 769.3 11.6% |
| Cost of Goods Sold (COGS) | 62.6 | 65.4 | 81.5 | 88.1 | 104.3 | 135.5 | 160.4 | 170.5 | 174.1 |
% margin | 101.9 61.9% | 137.1 67.7% | 171.9 67.8% | 212.4 70.7% | 269.4 72.1% | 367.3 73.0% | 457.9 74.1% | 518.7 75.3% | 595.2 77.4% |
| Operating Expenses | 116.3 | 140.2 | 183.6 | 231.2 | 291.8 | 421.5 | 550.5 | 529.9 | 530.0 |
| Research & Development Expenses (R&D) | 37.9 | 45.6 | 55.5 | 64.0 | 83.5 | 119.1 | 154.6 | 177.4 | 209.3 |
| Selling, General & Administrative Expenses (SG&A) | 72.9 | 90.4 | 122.3 | 163.2 | 204.7 | 296.4 | 370.8 | 339.6 | 314.0 |
% margin | (14.5) (8.8%) | (3.1) (1.5%) | (11.7) (4.6%) | (18.7) (6.2%) | (22.4) (6.0%) | (54.2) (10.8%) | (92.6) (15.0%) | (11.3) (1.6%) | 65.2 8.5% |
| Interest Income | 0.0 | 0.0 | 0.0 | 1.2 | 0.3 | 1.4 | 3.5 | 0.0 | 0.0 |
| Interest Expense | 0.9 | 1.0 | 2.0 | 1.3 | 0.8 | 2.2 | 4.5 | 1.0 | 0.0 |
| Pre-tax Income | (16.2) | (4.1) | (19.9) | (16.6) | (22.7) | (56.1) | (89.3) | 48.9 | 90.4 |
% effective tax rate | (0.0) 0.0% | (0.0) 0.5% | 0.0 (0.1%) | 0.0 (0.2%) | 0.2 (0.7%) | 0.1 (0.2%) | 0.5 (0.6%) | 2.0 4.1% | (125.2) (138.4%) |
% margin | (16.2) (9.9%) | (4.1) (2.0%) | (19.9) (7.9%) | (16.7) (5.5%) | (22.9) (6.1%) | (56.2) (11.2%) | (89.9) (14.5%) | 46.9 6.8% | 215.6 28.0% |
| EPS | (0.17) | (0.04) | (0.38) | (0.15) | (0.19) | (0.44) | (0.69) | 0.35 | 1.61 |
| Diluted EPS | (0.17) | (0.04) | (0.38) | (0.15) | (0.19) | (0.44) | (0.69) | 0.34 | 1.51 |
% margin | (6.9) (4.2%) | 1.0 0.5% | (12.9) (5.1%) | (5.9) (2.0%) | (7.9) (2.1%) | (40.1) (8.0%) | (81.5) (13.2%) | 1.5 0.2% | 65.2 8.5% |
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FAQ
1) What is Upwork Inc.'s Cost of Goods Sold (COGS)?
As of today, Upwork Inc.'s last 12-month Cost of Goods Sold (COGS) is $174.1M, based on the financial report for Dec 31, 2024 (Q4’2024).
2) What is Upwork Inc.'s Cost of Goods Sold (COGS) growth rate?
Over the last year, Upwork Inc.'s Cost of Goods Sold (COGS) growth was 2.1%. The average annual Cost of Goods Sold (COGS) growth rates for Upwork Inc. have been 13.6% over the past three years, 14.6% over the past five years.
3) Is Upwork Inc.'s Cost of Goods Sold (COGS) growth rate Good?
Over the last year, Upwork Inc.'s Cost of Goods Sold (COGS) growth was 2.1%, which is higher than industry growth of 1.1%. It indicates that Upwork Inc.'s Cost of Goods Sold (COGS) growth is Good.