Upwork inc. (UPWK)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Sep'17
Revenue

83,196

79,044

78,786

74,256

68,476

67,342

64,113

62,681

59,218

52,262

Cost of revenue

23,485

22,937

22,494

21,588

21,125

20,880

20,504

20,457

19,617

16,894

Gross profit

59,711

56,107

56,292

52,668

47,351

46,462

43,609

42,224

39,601

35,368

Operating expenses
Research and development

19,348

16,322

16,209

15,696

15,800

14,808

14,377

12,812

13,491

11,514

Sales and marketing

30,678

25,572

25,322

24,479

20,518

17,909

18,967

16,414

19,673

13,626

General and administrative

17,824

21,034

16,519

14,113

15,661

15,234

11,707

11,219

11,176

8,952

Provision for transaction losses

912

1,199

1,214

855

637

1,209

1,892

1,450

1,270

1,073

Total operating expenses

68,762

64,127

59,264

55,143

52,616

49,160

46,943

41,895

45,610

35,165

Loss from operations

-9,051

-8,020

-2,972

-2,475

-5,265

-2,698

-3,334

329

-6,009

203

Interest expense

230

259

317

357

373

364

589

556

529

199

Other (income) expense, net

-731

1,634

462

832

479

-2,297

-3,423

-173

-249

-260

Loss before income taxes

-10,012

-6,645

-2,827

-2,000

-5,159

-5,359

-7,346

-400

-6,787

-256

Income tax provision

9

0

0

27

1

6

0

12

-3

45

Net loss

-10,021

-6,645

-2,827

-2,027

-5,160

-5,365

-7,346

-412

-6,784

-301

Net loss attributable to common stockholders

-

-

-

-

-

-

-

-

-

-301

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

-0.09

-0.05

-0.03

-0.02

-0.05

0.03

-0.20

-0.01

-0.20

-0.01

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

114,118

112,772

111,163

108,683

106,639

103,942

36,069

35,105

34,193

33,298