UPWORK INC.
Income Statement
| Line Item | FY2017 | FY2016 |
|---|---|---|
| Revenue | $202.6M | $164.4M |
| Marketplace Revenue | $178.4M | $138.8M |
| Managed Services Revenue | $24.1M | $25.6M |
| Cost of Revenue | $65.4M | $62.6M |
| Gross Profit | $137.1M | $101.9M |
| Gross Margin | 67.7% | 62.0% |
| Operating Expenses | ||
| Research & Development | $45.6M | $37.9M |
| SG&A Expense | $37.3M | $35.4M |
| Operating Income | $-3.1M | $-14.5M |
| Operating Margin | -1.5% | -8.8% |
| Interest Expense | $960.0K | $858.0K |
| Pretax Income | $-4.1M | $-16.2M |
| Income Tax Expense | $-22.0K | $-1.0K |
| Net Income | $-4.1M | $-16.2M |
| Net Margin | -2.0% | -9.9% |
| EPS (Basic) | $-0.32 | $-0.51 |
| EPS (Diluted) | $-0.32 | $-0.51 |
| Shares Outstanding (Basic) | 33.7M | — |
| Shares Outstanding (Diluted) | 33.7M | — |
| Dividends Per Share | — | — |