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Side-by-side financial comparison of Urban Edge Properties (UE) and UPWORK, INC (UPWK). Click either name above to swap in a different company.

UPWORK, INC is the larger business by last-quarter revenue ($195.5M vs $132.6M, roughly 1.5× Urban Edge Properties). Urban Edge Properties runs the higher net margin — 17.1% vs 16.1%, a 1.0% gap on every dollar of revenue. On growth, Urban Edge Properties posted the faster year-over-year revenue change (12.2% vs 1.4%). Over the past eight quarters, Urban Edge Properties's revenue compounded faster (11.6% CAGR vs 0.6%).

Urban Edge Properties is a publicly traded real estate investment trust (REIT) that owns, operates, and develops high-quality retail and mixed-use properties, primarily located in densely populated urban and suburban markets across the United States. Its portfolio covers grocery-anchored shopping centers, lifestyle outlets, and community-focused commercial assets.

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.

UE vs UPWK — Head-to-Head

Bigger by revenue
UPWK
UPWK
1.5× larger
UPWK
$195.5M
$132.6M
UE
Growing faster (revenue YoY)
UE
UE
+10.8% gap
UE
12.2%
1.4%
UPWK
Higher net margin
UE
UE
1.0% more per $
UE
17.1%
16.1%
UPWK
Faster 2-yr revenue CAGR
UE
UE
Annualised
UE
11.6%
0.6%
UPWK

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
UE
UE
UPWK
UPWK
Revenue
$132.6M
$195.5M
Net Profit
$22.6M
$31.5M
Gross Margin
77.2%
Operating Margin
16.7%
Net Margin
17.1%
16.1%
Revenue YoY
12.2%
1.4%
Net Profit YoY
-6.7%
EPS (diluted)
$0.18
$0.24

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
UE
UE
UPWK
UPWK
Q1 26
$132.6M
$195.5M
Q4 25
$119.6M
$198.4M
Q3 25
$120.1M
$201.7M
Q2 25
$114.1M
$194.9M
Q1 25
$118.2M
$192.7M
Q4 24
$116.4M
$191.5M
Q3 24
$112.4M
$193.8M
Q2 24
$106.5M
$193.1M
Net Profit
UE
UE
UPWK
UPWK
Q1 26
$22.6M
$31.5M
Q4 25
$12.4M
$15.6M
Q3 25
$14.9M
$29.3M
Q2 25
$58.0M
$32.7M
Q1 25
$8.2M
$37.7M
Q4 24
$30.1M
$147.2M
Q3 24
$9.1M
$27.8M
Q2 24
$30.8M
$22.2M
Gross Margin
UE
UE
UPWK
UPWK
Q1 26
77.2%
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%
Operating Margin
UE
UE
UPWK
UPWK
Q1 26
16.7%
Q4 25
11.3%
14.3%
Q3 25
13.4%
14.8%
Q2 25
53.9%
16.7%
Q1 25
7.6%
20.1%
Q4 24
27.6%
7.1%
Q3 24
8.9%
10.7%
Q2 24
30.6%
9.2%
Net Margin
UE
UE
UPWK
UPWK
Q1 26
17.1%
16.1%
Q4 25
10.4%
7.9%
Q3 25
12.4%
14.5%
Q2 25
50.8%
16.8%
Q1 25
6.9%
19.6%
Q4 24
25.9%
76.9%
Q3 24
8.1%
14.3%
Q2 24
28.9%
11.5%
EPS (diluted)
UE
UE
UPWK
UPWK
Q1 26
$0.18
$0.24
Q4 25
$0.09
$0.12
Q3 25
$0.12
$0.21
Q2 25
$0.46
$0.24
Q1 25
$0.07
$0.27
Q4 24
$0.25
$1.02
Q3 24
$0.07
$0.20
Q2 24
$0.26
$0.17

Balance Sheet & Financial Strength

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

Metric
UE
UE
UPWK
UPWK
Cash + ST InvestmentsLiquidity on hand
$50.0M
$328.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.4B
$569.6M
Total Assets
$3.4B
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
UE
UE
UPWK
UPWK
Q1 26
$50.0M
$328.4M
Q4 25
$48.9M
$672.8M
Q3 25
$77.8M
$643.1M
Q2 25
$53.0M
$634.6M
Q1 25
$48.0M
$622.1M
Q4 24
$41.4M
$622.1M
Q3 24
$67.9M
$601.2M
Q2 24
$78.6M
$497.7M
Total Debt
UE
UE
UPWK
UPWK
Q1 26
Q4 25
$359.8M
Q3 25
$359.3M
Q2 25
Q1 25
Q4 24
$357.9M
Q3 24
Q2 24
Stockholders' Equity
UE
UE
UPWK
UPWK
Q1 26
$1.4B
$569.6M
Q4 25
$1.4B
$630.3M
Q3 25
$1.4B
$628.1M
Q2 25
$1.4B
$608.7M
Q1 25
$1.4B
$594.3M
Q4 24
$1.4B
$575.4M
Q3 24
$1.3B
$411.2M
Q2 24
$1.3B
$361.1M
Total Assets
UE
UE
UPWK
UPWK
Q1 26
$3.4B
$1.2B
Q4 25
$3.3B
$1.3B
Q3 25
$3.3B
$1.3B
Q2 25
$3.3B
$1.3B
Q1 25
$3.3B
$1.2B
Q4 24
$3.3B
$1.2B
Q3 24
$3.2B
$1.1B
Q2 24
$3.2B
$1.0B
Debt / Equity
UE
UE
UPWK
UPWK
Q1 26
Q4 25
0.57×
Q3 25
0.57×
Q2 25
Q1 25
Q4 24
0.62×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
UE
UE
UPWK
UPWK
Operating Cash FlowLast quarter
$39.1M
$23.0M
Free Cash FlowOCF − Capex
$12.9M
FCF MarginFCF / Revenue
6.6%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
1.73×
0.73×
TTM Free Cash FlowTrailing 4 quarters
$220.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
UE
UE
UPWK
UPWK
Q1 26
$39.1M
$23.0M
Q4 25
$182.7M
$63.7M
Q3 25
$55.7M
$75.1M
Q2 25
$43.5M
$72.5M
Q1 25
$32.6M
$37.0M
Q4 24
$153.2M
$38.6M
Q3 24
$36.6M
$61.0M
Q2 24
$41.2M
$39.2M
Free Cash Flow
UE
UE
UPWK
UPWK
Q1 26
$12.9M
Q4 25
$81.8M
$63.2M
Q3 25
$26.1M
$74.6M
Q2 25
$19.6M
$70.1M
Q1 25
$11.9M
$34.5M
Q4 24
$42.5M
$37.0M
Q3 24
$12.2M
$59.8M
Q2 24
$19.9M
$38.6M
FCF Margin
UE
UE
UPWK
UPWK
Q1 26
6.6%
Q4 25
68.4%
31.9%
Q3 25
21.7%
37.0%
Q2 25
17.2%
36.0%
Q1 25
10.0%
17.9%
Q4 24
36.6%
19.3%
Q3 24
10.8%
30.8%
Q2 24
18.6%
20.0%
Capex Intensity
UE
UE
UPWK
UPWK
Q1 26
1.5%
Q4 25
84.4%
0.2%
Q3 25
24.6%
0.2%
Q2 25
20.9%
1.2%
Q1 25
17.5%
1.3%
Q4 24
95.1%
0.8%
Q3 24
21.7%
0.6%
Q2 24
20.1%
0.3%
Cash Conversion
UE
UE
UPWK
UPWK
Q1 26
1.73×
0.73×
Q4 25
14.71×
4.07×
Q3 25
3.73×
2.56×
Q2 25
0.75×
2.22×
Q1 25
3.97×
0.98×
Q4 24
5.09×
0.26×
Q3 24
4.03×
2.20×
Q2 24
1.34×
1.76×

Financial Flow Comparison

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

Revenue Breakdown by Segment

UE
UE

Rental revenue$124.2M94%
Other$8.4M6%

UPWK
UPWK

Marketplace$170.7M87%
Enterprise$24.8M13%

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