| Stage | UPWK | % of rev | ADP | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $186M | 100.00% | $5.5B | 100.00% | ADP ×29.58 |
| Gross profit | $141M | 76.13% | $2.8B | 50.57% | UPWK +25.6pp |
| Operating income | $35M | 18.64% | $1.5B | 26.64% | ADP +8.0pp |
| Pre-tax income | $39M | 20.77% | $1.5B | 26.50% | ADP +5.7pp |
| Net income | $32M | 17.14% | $1.1B | 20.49% | ADP +3.4pp |
| Stage | UPWK | ADP | Gap · A − B |
|---|---|---|---|
| Revenue | $186M100.00% | $5.5B100.00% | ADP ×29.58 |
| Gross profit | 76.13%$141M | 50.57%$2.8B | UPWK +25.6pp |
| Operating income | 18.64%$35M | 26.64%$1.5B | ADP +8.0pp |
| Pre-tax income | 20.77%$39M | 26.50%$1.5B | ADP +5.7pp |
| Net income |
| 17.14%$32M |
| 20.49%$1.1B |
| ADP +3.4pp |
No shared counterparties.