UPWORK, INC (UPWK) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Low Risk

Limited dilution potential

Last updated: May 07, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares

Recent Dilution: 2.84% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

130M

Potential Supply

Additional shares possible

Splits

None

Past 2 years

Summary

UPWK currently has 128M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 2.84% over the past 2 years.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding
May 07, 2026	10-Q filing \| 128.1M shares outstanding	130M
Nov 04, 2025	10-Q filing \| 132.0M shares outstanding	130M
Aug 06, 2025	10-Q filing \| 132.2M shares outstanding	130M
May 05, 2025	10-Q filing \| 135.2M shares outstanding	140M
Feb 13, 2025	10-K filing \| 133.6M shares outstanding	130M
Nov 06, 2024	10-Q filing \| 132.6M shares outstanding	130M
Aug 07, 2024	10-Q filing \| 131.4M shares outstanding	130M
May 01, 2024	10-Q filing \| 136.4M shares outstanding	140M
Feb 15, 2024	10-K filing \| 137.3M shares outstanding	140M
Nov 07, 2023	10-Q filing \| 135.5M shares outstanding	140M
Aug 02, 2023	10-Q filing \| 134.1M shares outstanding	130M
May 03, 2023	10-Q filing \| 132.8M shares outstanding	130M
Feb 16, 2023	10-K filing \| 130.5M shares outstanding	130M
Oct 26, 2022	10-Q filing \| 130.8M shares outstanding	130M
Jul 27, 2022	10-Q filing \| 130.1M shares outstanding	130M
Apr 27, 2022	10-Q filing \| 129.4M shares outstanding	130M
Feb 15, 2022	10-K filing \| 127.2M shares outstanding	130M
Oct 27, 2021	10-Q filing \| 127.9M shares outstanding	130M
Jul 29, 2021	10-Q filing \| 126.7M shares outstanding	130M
May 04, 2021	10-Q filing \| 126.1M shares outstanding	130M
Feb 24, 2021	10-K filing \| 125.0M shares outstanding	120M
Nov 04, 2020	10-Q filing \| 122.1M shares outstanding	120M
Aug 04, 2020	10-Q filing \| 120.3M shares outstanding	120M
May 06, 2020	10-Q filing \| 115.1M shares outstanding	120M
Mar 02, 2020	10-K filing \| 113.6M shares outstanding	110M

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