Upwork inc. (UPWK)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16
Revenue

300,562

253,354

202,552

164,445

Cost of revenue

88,144

81,458

65,443

62,578

Gross profit

212,418

171,896

137,109

101,867

Operating expenses
Research and development

64,027

55,488

45,604

37,902

Sales and marketing

95,891

72,963

53,044

37,437

General and administrative

67,327

49,336

37,334

35,446

Provision for transaction losses

3,905

5,821

4,250

5,550

Total operating expenses

231,150

183,608

140,232

116,335

Loss from operations

-18,732

-11,712

-3,123

-14,468

Interest expense

1,306

2,038

960

858

Other (income) expense, net

3,407

-6,142

-62

-908

Loss before income taxes

-16,631

-19,892

-4,145

-16,234

Income tax provision

28

15

-22

-1

Net loss

-16,659

-19,907

-4,123

-16,233

Premium paid on repurchase of redeemable convertible preferred stock

0

0

6,506

0

Net loss attributable to common stockholders

-16,659

-19,907

-10,629

-16,233

Net loss per share, basic and diluted (in dollars per share)

-0.15

-0.38

-0.32

-0.51

Weighted-average shares used to compute net loss per share, basic and diluted (in shares)

109,814

52,327

32,944

32,071