UPWK

Stock

Upwork Inc.

One email when a drop — in price or in valuation — is historically rare for UPWK. Otherwise we stay quiet.

Very rare

This is the kind of decline worth waking up for.

Upwork Inc. is 84.8% off its high — among the deepest declines in its recorded history.

And it's not just the price: Upwork Inc.'s P/S Severity Score is 12.5 — its valuation is near record lows vs its own history.

Price $9.24 · as of Jul 15, 2026All-time high $60.70Drawdown -84.8%Severity Score™ 13.1
🔴

Historic

Current Drawdown

-84.8%

Days in Drawdown

1826

Avg Max Drawdown

11.7%

Avg Length

52

Drawdown Severity Score™

13.1

UPWK - Price & High Water Mark

UPWK - Drawdown Timeline

How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.

Valuation vs Its Own History

Data as of June 28, 2026 · updated daily

Where today's valuation sits within UPWK's own multi-year range, scored with the same Drawdown Severity Score language as price, measured from its typical level rather than its record high — a higher score means it has rarely been cheaper. This is context, not a recommendation.

Price to Sales

1.4xSeverity Score 12.5 · Near record lows vs its own history
Low: 1.4xMedian: 3.5xHigh: 19.9x

Upwork Inc. has been cheaper on this measure only about 1% of the time in 8 years of daily history.

92.8% below its highest Price to Sales reading · high date February 16, 2021

How we measure valuation

Upwork Inc. (UPWK) Analysis: Current Drawdown Insights

Upwork Inc. is currently in a drawdown that is unusual by its own historical standards. As of 2026-07-15, the stock is trading at $9.24, which represents a 84.8% decline from its all-time high of $60.70. This drawdown has persisted for 1826 days.

Based on its full tracked price history, Upwork Inc. typically experiences drawdowns averaging 11.7% in depth, with an average duration of 52 days. Upwork Inc. has gone through 19 total drawdown events in its tracked history. The largest drawdown on record for Upwork Inc. was 77.4%, beginning in 2019. The longest drawdown duration on record was 617 days.

The Drawdown Severity Score™ for Upwork Inc. currently stands at 13.07. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score above 12.0 indicates a historic, once-in-a-decade event: declines of this magnitude are extraordinarily rare in this asset's tracked history and can also signal fundamental changes worth investigating.

Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns: periods when the price declines from all-time highs before recovering. By analyzing Upwork Inc.'s historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that is rare by that stock's own historical standards.

📜 Historical Drawdown Events

Current drawdown shown in blue. Showing the most recent and the deepest of 19 tracked pullbacks (19 listed).

Start DateEnd DateDurationMax DepthStart PriceLowest PriceRecovery Price
2021-07-15Ongoing1826 days-84.8%$60.70$9.24n/a
2021-06-302021-07-1314 days-6.6%$59.25$55.36$60.70
2021-06-252021-06-295 days-2.6%$57.45$55.98$59.25
2021-02-172021-06-24127 days-33.4%$57.04$37.99$57.45
2021-02-122021-02-165 days-0.1%$56.85$56.77$57.04
2021-02-102021-02-112 days-3.4%$55.11$53.23$56.85
2021-01-272021-02-027 days-8.4%$45.23$41.45$47.19
2021-01-132021-01-2513 days-8.9%$42.60$38.80$44.12
2020-12-222021-01-1222 days-17.0%$40.49$33.60$42.60
2020-12-162020-12-172 days-1.2%$37.78$37.33$38.54
2020-12-092020-12-157 days-5.5%$35.70$33.75$37.78
2020-11-232020-12-0816 days-10.3%$35.53$31.86$35.70
2020-11-182020-11-192 days-2.1%$34.55$33.84$34.81
2020-11-122020-11-165 days-1.0%$30.99$30.67$33.08
2020-11-092020-11-113 days-7.2%$29.26$27.14$30.99
2019-02-282020-11-05617 days-77.4%$23.91$5.40$29.03
2019-02-152019-02-2713 days-5.0%$23.18$22.01$23.91
2019-02-132019-02-142 days-0.8%$22.41$22.23$23.18
2019-02-072019-02-126 days-7.2%$22.17$20.57$22.41
2018-10-042019-02-06126 days-24.4%$21.18$16.01$22.17

How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).

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Or explore current drawdowns:

Upwork Inc. (UPWK) is trading at $9.24 as of Jul 15, 2026. It is 84.8% below its high of $60.70. The drawdown has lasted 1,826 days. Severity score: 13.1 (Historic).

UPWK Price History and Drawdown Data

Latest price

$9.24

High-water mark

$60.70

Current drawdown

-84.8%

Days in drawdown

1,826

This UPWK page is built around daily price history, the latest high-water mark, current drawdown depth, drawdown duration, and comparable historical drawdown events. The chart above provides the price-history context, while the sections below explain how the current move compares with prior Upwork Inc. drawdowns.

What History Says About UPWK

Upwork Inc. has dropped 10%+ from its high 5 times in its tracked history. These events lasted an average of 182 days with an average max drop of -32.5%.

The current drawdown of -84.8% has lasted 1,826 days, which is 10.0x the average duration of comparable events.

PeriodMax DropDuration
Feb 2019 to Nov 2020-77.4%617 days
Feb 2021 to Jun 2021-33.4%127 days
Oct 2018 to Feb 2019-24.4%126 days
Dec 2020 to Jan 2021-17.0%22 days
Nov 2020 to Dec 2020-10.3%16 days

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