Upwork (UPWK) has had a rough first year as a public company, in every way except those that count. The company's share price has fallen from a high of $24, due perhaps in part to sub-20% annual revenue growth. However, a holistic view of Upwork's financial and qualitative picture warrants optimism. In the long term, Upwork is likely to outperform.
Financials Generally Look Good
We won’t devote too much time to Upwork’s financial statements (perhaps in a later article), but the company’s financial position is mostly strong. Let’s review a few numbers from