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Side-by-side financial comparison of Priority Technology Holdings, Inc. (PRTH) and UPWORK, INC (UPWK). Click either name above to swap in a different company.

Priority Technology Holdings, Inc. is the larger business by last-quarter revenue ($247.1M vs $198.4M, roughly 1.2× UPWORK, INC). UPWORK, INC runs the higher net margin — 7.9% vs 3.6%, a 4.3% gap on every dollar of revenue. On growth, Priority Technology Holdings, Inc. posted the faster year-over-year revenue change (8.8% vs 3.6%). UPWORK, INC produced more free cash flow last quarter ($63.2M vs $30.9M). Over the past eight quarters, Priority Technology Holdings, Inc.'s revenue compounded faster (9.6% CAGR vs 1.9%).

Information technology (IT) is the study or use of computers, telecommunication systems and other devices to create, process, store, retrieve and transmit information. While the term is commonly used to refer to computers and computer networks, it also encompasses other information distribution technologies such as television and telephones. Information technology is an application of computer science and computer engineering.

Upwork Inc. is an American freelancing platform headquartered in Santa Clara and San Francisco, California. The company was formed in 2013 as Elance-oDesk after the merger of Elance Inc. and oDesk Corp. The merged company was subsequently rebranded as Upwork in 2015.

PRTH vs UPWK — Head-to-Head

Bigger by revenue
PRTH
PRTH
1.2× larger
PRTH
$247.1M
$198.4M
UPWK
Growing faster (revenue YoY)
PRTH
PRTH
+5.2% gap
PRTH
8.8%
3.6%
UPWK
Higher net margin
UPWK
UPWK
4.3% more per $
UPWK
7.9%
3.6%
PRTH
More free cash flow
UPWK
UPWK
$32.4M more FCF
UPWK
$63.2M
$30.9M
PRTH
Faster 2-yr revenue CAGR
PRTH
PRTH
Annualised
PRTH
9.6%
1.9%
UPWK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PRTH
PRTH
UPWK
UPWK
Revenue
$247.1M
$198.4M
Net Profit
$8.9M
$15.6M
Gross Margin
78.0%
Operating Margin
13.6%
14.3%
Net Margin
3.6%
7.9%
Revenue YoY
8.8%
3.6%
Net Profit YoY
23.9%
-89.4%
EPS (diluted)
$0.10
$0.12

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
PRTH
PRTH
UPWK
UPWK
Q4 25
$247.1M
$198.4M
Q3 25
$241.4M
$201.7M
Q2 25
$239.8M
$194.9M
Q1 25
$224.6M
$192.7M
Q4 24
$227.1M
$191.5M
Q3 24
$227.0M
$193.8M
Q2 24
$219.9M
$193.1M
Q1 24
$205.7M
$190.9M
Net Profit
PRTH
PRTH
UPWK
UPWK
Q4 25
$8.9M
$15.6M
Q3 25
$27.6M
$29.3M
Q2 25
$10.9M
$32.7M
Q1 25
$8.3M
$37.7M
Q4 24
$7.2M
$147.2M
Q3 24
$10.6M
$27.8M
Q2 24
$994.0K
$22.2M
Q1 24
$5.2M
$18.4M
Gross Margin
PRTH
PRTH
UPWK
UPWK
Q4 25
78.0%
Q3 25
77.3%
Q2 25
77.7%
Q1 25
78.3%
Q4 24
77.7%
Q3 24
77.6%
Q2 24
77.3%
Q1 24
76.9%
Operating Margin
PRTH
PRTH
UPWK
UPWK
Q4 25
13.6%
14.3%
Q3 25
15.6%
14.8%
Q2 25
15.6%
16.7%
Q1 25
14.5%
20.1%
Q4 24
15.0%
7.1%
Q3 24
16.8%
10.7%
Q2 24
15.1%
9.2%
Q1 24
13.6%
6.8%
Net Margin
PRTH
PRTH
UPWK
UPWK
Q4 25
3.6%
7.9%
Q3 25
11.4%
14.5%
Q2 25
4.5%
16.8%
Q1 25
3.7%
19.6%
Q4 24
3.2%
76.9%
Q3 24
4.7%
14.3%
Q2 24
0.5%
11.5%
Q1 24
2.5%
9.7%
EPS (diluted)
PRTH
PRTH
UPWK
UPWK
Q4 25
$0.10
$0.12
Q3 25
$0.34
$0.21
Q2 25
$0.14
$0.24
Q1 25
$0.10
$0.27
Q4 24
$-0.05
$1.02
Q3 24
$0.07
$0.20
Q2 24
$-0.23
$0.17
Q1 24
$-0.10
$0.13

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PRTH
PRTH
UPWK
UPWK
Cash + ST InvestmentsLiquidity on hand
$77.2M
$672.8M
Total DebtLower is stronger
$1.0B
$359.8M
Stockholders' EquityBook value
$-100.4M
$630.3M
Total Assets
$2.4B
$1.3B
Debt / EquityLower = less leverage
0.57×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PRTH
PRTH
UPWK
UPWK
Q4 25
$77.2M
$672.8M
Q3 25
$57.0M
$643.1M
Q2 25
$50.6M
$634.6M
Q1 25
$47.6M
$622.1M
Q4 24
$58.6M
$622.1M
Q3 24
$41.1M
$601.2M
Q2 24
$34.6M
$497.7M
Q1 24
$34.3M
$490.6M
Total Debt
PRTH
PRTH
UPWK
UPWK
Q4 25
$1.0B
$359.8M
Q3 25
$997.5M
$359.3M
Q2 25
$917.0M
Q1 25
$918.9M
Q4 24
$920.9M
$357.9M
Q3 24
$808.1M
Q2 24
$809.0M
Q1 24
$631.4M
Stockholders' Equity
PRTH
PRTH
UPWK
UPWK
Q4 25
$-100.4M
$630.3M
Q3 25
$-110.3M
$628.1M
Q2 25
$-146.1M
$608.7M
Q1 25
$-158.3M
$594.3M
Q4 24
$-166.8M
$575.4M
Q3 24
$-165.8M
$411.2M
Q2 24
$-172.1M
$361.1M
Q1 24
$-159.9M
$348.9M
Total Assets
PRTH
PRTH
UPWK
UPWK
Q4 25
$2.4B
$1.3B
Q3 25
$2.2B
$1.3B
Q2 25
$2.0B
$1.3B
Q1 25
$1.9B
$1.2B
Q4 24
$1.8B
$1.2B
Q3 24
$1.8B
$1.1B
Q2 24
$1.7B
$1.0B
Q1 24
$1.6B
$1.0B
Debt / Equity
PRTH
PRTH
UPWK
UPWK
Q4 25
0.57×
Q3 25
0.57×
Q2 25
Q1 25
Q4 24
0.62×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PRTH
PRTH
UPWK
UPWK
Operating Cash FlowLast quarter
$36.8M
$63.7M
Free Cash FlowOCF − Capex
$30.9M
$63.2M
FCF MarginFCF / Revenue
12.5%
31.9%
Capex IntensityCapex / Revenue
2.4%
0.2%
Cash ConversionOCF / Net Profit
4.12×
4.07×
TTM Free Cash FlowTrailing 4 quarters
$75.1M
$242.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PRTH
PRTH
UPWK
UPWK
Q4 25
$36.8M
$63.7M
Q3 25
$36.1M
$75.1M
Q2 25
$17.1M
$72.5M
Q1 25
$10.0M
$37.0M
Q4 24
$23.8M
$38.6M
Q3 24
$19.8M
$61.0M
Q2 24
$28.7M
$39.2M
Q1 24
$13.3M
$14.8M
Free Cash Flow
PRTH
PRTH
UPWK
UPWK
Q4 25
$30.9M
$63.2M
Q3 25
$30.1M
$74.6M
Q2 25
$9.2M
$70.1M
Q1 25
$4.9M
$34.5M
Q4 24
$19.1M
$37.0M
Q3 24
$14.5M
$59.8M
Q2 24
$23.6M
$38.6M
Q1 24
$6.7M
$14.6M
FCF Margin
PRTH
PRTH
UPWK
UPWK
Q4 25
12.5%
31.9%
Q3 25
12.5%
37.0%
Q2 25
3.8%
36.0%
Q1 25
2.2%
17.9%
Q4 24
8.4%
19.3%
Q3 24
6.4%
30.8%
Q2 24
10.7%
20.0%
Q1 24
3.3%
7.7%
Capex Intensity
PRTH
PRTH
UPWK
UPWK
Q4 25
2.4%
0.2%
Q3 25
2.5%
0.2%
Q2 25
3.3%
1.2%
Q1 25
2.3%
1.3%
Q4 24
2.0%
0.8%
Q3 24
2.3%
0.6%
Q2 24
2.3%
0.3%
Q1 24
3.2%
0.1%
Cash Conversion
PRTH
PRTH
UPWK
UPWK
Q4 25
4.12×
4.07×
Q3 25
1.31×
2.56×
Q2 25
1.57×
2.22×
Q1 25
1.20×
0.98×
Q4 24
3.29×
0.26×
Q3 24
1.87×
2.20×
Q2 24
28.87×
1.76×
Q1 24
2.56×
0.80×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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