Upwork Investor Day Presentation Deck

Strong Financial Foundation EBITDA ($M) 15.0 10.0 5.0 0.0 Finance 3.8 7.4 FY2018 FY2019 June 2021 14.0 6.9 FY2020 Q1-2021 Cash and Marketable Securities ($M) 200.0 150.0 100.0 50.0 0.0 129.1 FY2018 Ⓒ2021 Upwork Inc. Proprietary and confidential. Do not distribute. 133.9 169.7 169.8 FY2019 FY2020 Q1-2021 Debt ($M) 25.0 20.0 15.0 10.0 5.0 0.0 23.9 111 18.3 FY2018 FY2019 10.7 8.8 FY2020 Q1-2021 89

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