Upwork Investor Presentation Deck

GAAP to Non-GAAP Reconciliation GAAP net loss Stock-based compensation expense Depreciation and amortization Interest expense Other (income) expense, net Income tax provision Tides Foundation common stock warrant expense Humanitarian response efforts Non-GAAP adjusted EBITDA Cost of revenue, GAAP Stock-based compensation expense Humanitarian response efforts Cost of revenue, non-GAAP Note: Figures have been rounded. $ and share counts in millions Percentages and per share data as stated Q1 2022 (24.7) 16.7 2.0 1.1 (0.1) 0.1 0.2 4.3 (0.4) 37.9 (0.2) (0.1) 37.6 Q1 2021 (7.8) 11.2 3.2 0.2 (0.1) 0.1 0.2 6.9 30.4 (0.2) 30.2 28

View entire presentation