| Stage | UPWK | % of rev | LYFT | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $186M | 100.00% | $1.8B | 100.00% | LYFT ×9.93 |
| Gross profit | $141M | 76.13% | $917M | 49.75% | UPWK +26.4pp |
| Operating income | $35M | 18.64% | $48M | 2.58% | UPWK +16.1pp |
| Pre-tax income | $39M | 20.77% | $78M | 4.25% | UPWK +16.5pp |
| Net income | $32M | 17.14% | $50M | 2.73% | UPWK +14.4pp |
| Stage | UPWK | LYFT | Gap · A − B |
|---|---|---|---|
| Revenue | $186M100.00% | $1.8B100.00% | LYFT ×9.93 |
| Gross profit | 76.13%$141M | 49.75%$917M | UPWK +26.4pp |
| Operating income | 18.64%$35M | 2.58%$48M | UPWK +16.1pp |
| Pre-tax income | 20.77%$39M | 4.25%$78M | UPWK +16.5pp |
| Net income |
| 17.14%$32M |
| 2.73%$50M |
| UPWK +14.4pp |
UPWK 10-KFeb 13 '26
“For example, we currently host the Upwork Marketplace, serve its customers, and support its operations using AWS, a provider of cloud infrastructure services.”
LYFT 10-KFeb 11 '26
“On December 30, 2025, we entered into an addendum to our commercial agreement with AWS, pursuant to which we committed to spend an aggregate of at least $562.5 million between January 2026 and December 2030 on AWS services, with a minimum amount of $100 million in each of the five years.”