---
schema_version: "secwatch.filing_event.v1"
accession: "0001627475-22-000042"
form_type: "8-K"
ticker: "UPWK"
cik: "0001627475"
company_name: "UPWORK, INC"
filed_at: "2022-10-26T23:59:59+00:00"
generated_at: "2026-06-23T00:51:21.393457+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Upwork Q3 revenue up 24% to $158.6M; GAAP net loss $(24.8)M, adj EBITDA loss $(2.9)M

## Summary
- Revenue $158.6M (+24% YoY); GSV >$11B (+14% YoY).
- GAAP net loss $(24.8)M; adjusted EBITDA loss $(2.9)M.
- Enterprise Revenue $12.5M (+41% YoY); 25 new Enterprise Clients, below target due to operational/macro headwinds.
- Invested ~$19M in brand marketing in Q3; expects similar in Q4.
- Softness in client acquisition/retention stabilized, more pronounced in Europe and SMBs.

## SEC filing metadata
- accession: 0001627475-22-000042
- form_type: 8-K
- ticker: UPWK
- cik: 0001627475
- company_name: UPWORK, INC
- filed_at: 2022-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1627475/000162747522000042/0001627475-22-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1627475/000162747522000042/upwork-20221026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001627475-22-000042
- JSON: https://secwatch.observer/filing/0001627475-22-000042.json
- Plain text: https://secwatch.observer/filing/0001627475-22-000042.txt

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