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Side-by-side financial comparison of UPWORK, INC (UPWK) and Vroom, Inc. (VRM). Click either name above to swap in a different company.
Vroom, Inc. is the larger business by last-quarter revenue ($235.9M vs $198.4M, roughly 1.2× UPWORK, INC). UPWORK, INC runs the higher net margin — 7.9% vs -59.8%, a 67.7% gap on every dollar of revenue. On growth, Vroom, Inc. posted the faster year-over-year revenue change (12.9% vs 3.6%). UPWORK, INC produced more free cash flow last quarter ($63.2M vs $-108.8M). Over the past eight quarters, UPWORK, INC's revenue compounded faster (1.9% CAGR vs -49.5%).
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.
Vroom, Inc. is a parent company of United Auto Credit Corporation (UACC) and CarStory. Previously, Vroom was a used car retailer and e-commerce company that let consumers buy, sell, and finance cars online. Vroom ceased e-commerce automotive sales operations on January 22, 2024.
UPWK vs VRM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2023
| Metric | | |
|---|---|---|
| Revenue | $198.4M | $235.9M |
| Net Profit | $15.6M | $-141.1M |
| Gross Margin | 78.0% | 12.3% |
| Operating Margin | 14.3% | -11.5% |
| Net Margin | 7.9% | -59.8% |
| Revenue YoY | 3.6% | 12.9% |
| Net Profit YoY | -89.4% | -669.8% |
| EPS (diluted) | $0.12 | $-80.66 |
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.
| Q4 25 | $198.4M | — | ||
| Q3 25 | $201.7M | — | ||
| Q2 25 | $194.9M | — | ||
| Q1 25 | $192.7M | — | ||
| Q4 24 | $191.5M | — | ||
| Q3 24 | $193.8M | — | ||
| Q2 24 | $193.1M | — | ||
| Q1 24 | $190.9M | — |
| Q4 25 | $15.6M | — | ||
| Q3 25 | $29.3M | — | ||
| Q2 25 | $32.7M | — | ||
| Q1 25 | $37.7M | — | ||
| Q4 24 | $147.2M | — | ||
| Q3 24 | $27.8M | — | ||
| Q2 24 | $22.2M | — | ||
| Q1 24 | $18.4M | — |
| 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% | — |
| Q4 25 | 14.3% | — | ||
| Q3 25 | 14.8% | — | ||
| Q2 25 | 16.7% | — | ||
| Q1 25 | 20.1% | — | ||
| Q4 24 | 7.1% | — | ||
| Q3 24 | 10.7% | — | ||
| Q2 24 | 9.2% | — | ||
| Q1 24 | 6.8% | — |
| Q4 25 | 7.9% | — | ||
| Q3 25 | 14.5% | — | ||
| Q2 25 | 16.8% | — | ||
| Q1 25 | 19.6% | — | ||
| Q4 24 | 76.9% | — | ||
| Q3 24 | 14.3% | — | ||
| Q2 24 | 11.5% | — | ||
| Q1 24 | 9.7% | — |
| Q4 25 | $0.12 | — | ||
| Q3 25 | $0.21 | — | ||
| Q2 25 | $0.24 | — | ||
| Q1 25 | $0.27 | — | ||
| Q4 24 | $1.02 | — | ||
| Q3 24 | $0.20 | — | ||
| Q2 24 | $0.17 | — | ||
| Q1 24 | $0.13 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $672.8M | $135.6M |
| Total DebtLower is stronger | $359.8M | $454.2M |
| Stockholders' EquityBook value | $630.3M | $127.7M |
| Total Assets | $1.3B | $1.5B |
| Debt / EquityLower = less leverage | 0.57× | 3.56× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $672.8M | — | ||
| Q3 25 | $643.1M | — | ||
| Q2 25 | $634.6M | — | ||
| Q1 25 | $622.1M | — | ||
| Q4 24 | $622.1M | — | ||
| Q3 24 | $601.2M | — | ||
| Q2 24 | $497.7M | — | ||
| Q1 24 | $490.6M | — |
| Q4 25 | $359.8M | — | ||
| Q3 25 | $359.3M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $357.9M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $630.3M | — | ||
| Q3 25 | $628.1M | — | ||
| Q2 25 | $608.7M | — | ||
| Q1 25 | $594.3M | — | ||
| Q4 24 | $575.4M | — | ||
| Q3 24 | $411.2M | — | ||
| Q2 24 | $361.1M | — | ||
| Q1 24 | $348.9M | — |
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.0B | — |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $63.7M | $-108.1M |
| Free Cash FlowOCF − Capex | $63.2M | $-108.8M |
| FCF MarginFCF / Revenue | 31.9% | -46.1% |
| Capex IntensityCapex / Revenue | 0.2% | 0.3% |
| Cash ConversionOCF / Net Profit | 4.07× | — |
| TTM Free Cash FlowTrailing 4 quarters | $242.5M | $-536.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.7M | — | ||
| Q3 25 | $75.1M | — | ||
| Q2 25 | $72.5M | — | ||
| Q1 25 | $37.0M | — | ||
| Q4 24 | $38.6M | — | ||
| Q3 24 | $61.0M | — | ||
| Q2 24 | $39.2M | — | ||
| Q1 24 | $14.8M | — |
| Q4 25 | $63.2M | — | ||
| Q3 25 | $74.6M | — | ||
| Q2 25 | $70.1M | — | ||
| Q1 25 | $34.5M | — | ||
| Q4 24 | $37.0M | — | ||
| Q3 24 | $59.8M | — | ||
| Q2 24 | $38.6M | — | ||
| Q1 24 | $14.6M | — |
| Q4 25 | 31.9% | — | ||
| Q3 25 | 37.0% | — | ||
| Q2 25 | 36.0% | — | ||
| Q1 25 | 17.9% | — | ||
| Q4 24 | 19.3% | — | ||
| Q3 24 | 30.8% | — | ||
| Q2 24 | 20.0% | — | ||
| Q1 24 | 7.7% | — |
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 1.2% | — | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | 0.8% | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 0.1% | — |
| Q4 25 | 4.07× | — | ||
| Q3 25 | 2.56× | — | ||
| Q2 25 | 2.22× | — | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 0.26× | — | ||
| Q3 24 | 2.20× | — | ||
| Q2 24 | 1.76× | — | ||
| Q1 24 | 0.80× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
