---
schema_version: "secwatch.filing_event.v1"
accession: "0001627475-21-000030"
form_type: "8-K"
ticker: "UPWK"
cik: "0001627475"
company_name: "UPWORK, INC"
filed_at: "2021-07-29T23:59:59+00:00"
generated_at: "2026-06-30T01:02:23.485755+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Upwork Q2 2021: Revenue $124.2M (+42% YoY), GSV $875.8M (+50%), positive adjusted EBITDA $7.3M

## Summary
- Revenue grew 42% YoY to $124.2M; Marketplace revenue up 46% to $114.5M.
- GSV increased 50% YoY to $875.8M; Active Clients up 27% YoY.
- Net loss of $16.5M ($0.13/share) vs $11.0M loss a year ago; non-GAAP net income of $4.6M ($0.03/diluted share).
- Adjusted EBITDA positive at $7.3M vs loss of $1.2M in Q2 2020.
- Gross margin improved two points to 73%; marketplace take rate 13.2% vs 13.7% prior year.

## SEC filing metadata
- accession: 0001627475-21-000030
- form_type: 8-K
- ticker: UPWK
- cik: 0001627475
- company_name: UPWORK, INC
- filed_at: 2021-07-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1627475/000162747521000030/0001627475-21-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1627475/000162747521000030/upwork-20210729.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001627475-21-000030
- JSON: https://secwatch.observer/filing/0001627475-21-000030.json
- Plain text: https://secwatch.observer/filing/0001627475-21-000030.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.