Upwork Investor Presentation Deck

GAAP to Non-GAAP Reconciliation (Cont.) Basic Weighted-average shares outstanding used in computing earnings (loss) per share, GAAP Basic loss per share, GAAP Basic Diluted Basic earnings (loss) per share, non-GAAP $ and share counts in millions Percentages and per share data as stated Weighted-average shares outstanding used in computing earnings (loss) per share, non-GAAP Diluted earnings (loss) per share, non-GAAP Q1 2022 Note: Figures have been rounded. 129.4 $(0.19) 129.4 129.4 $(0.03) $(0.03) Q1 2021 125.3 $(0.06) 125.3 134.0 $0.03 $0.03 32

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