Filing Flows › Upwork (UPWK) › R&D spending
Upwork (UPWK) R&D spending by quarter
Upwork's R&D spending was $34.9M in Q3 2026 (third quarter 2026), -21% from Q2 2026. Over the last 7 quarters it ranged from $34.9M (Q3 2026) to $47.5M (Q3 2025).
| Quarter | R&D spending | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | $34.9M | -21% | -27% |
| Q2 2026 | $43.9M | +1% | -2% |
| Q1 2026 | $43.3M | -8% | -6% |
| Q4 2025 | $47.1M | -0.9% | — |
| Q3 2025 | $47.5M | +6% | — |
| Q2 2025 | $44.8M | -3% | — |
| Q1 2025 | $46.2M | — | — |
Q3 2026 at a glance
Upwork, Q3 2026: revenue $186M (-8% year over year), operating margin 18.6%, net earnings $31.8M, operating cash flow $65.9M. The chart follows the revenue to costs, profit and cash.
Questions
What is Upwork's R&D spending?
Upwork's R&D spending was $34.9M in Q3 2026 (third quarter 2026), -21% from Q2 2026.
How has Upwork's R&D spending changed?
Over the last 7 quarters it ranged from $34.9M (Q3 2026) to $47.5M (Q3 2025).