{"schema_version":"secwatch.filing_event.v1","accession":"0001627475-23-000004","form_type":"8-K","ticker":"UPWK","cik":"0001627475","company_name":"UPWORK, INC","filed_at":"2023-02-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.916485+00:00","generated_at":"2026-06-19T11:28:17.819989+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Upwork Q4 revenue $161.4M (+18% YoY); FY22 revenue $618M (+23%); guides to 2023 adjusted EBITDA profitability","bullets":["Q4 revenue $161.4M (+18% YoY); GAAP net loss $(16.5)M; adjusted EBITDA $1.1M.","Full-year revenue $618M (+23% YoY); GAAP net loss $(89.9)M; adjusted EBITDA $(4)M.","GSV grew 5% YoY in Q4 to over $1B; full-year GSV $4.1B (+16% YoY).","Brand marketing spend to be ~$70M in 2023, down from ~$80M in 2022; Q4 brand spend $19M.","Launches full-time hiring solution; sees macro headwinds but targets adjusted EBITDA profitability in 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001627475-23-000004","json":"https://secwatch.observer/filing/0001627475-23-000004.json","markdown":"https://secwatch.observer/filing/0001627475-23-000004.md","text":"https://secwatch.observer/filing/0001627475-23-000004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1627475/000162747523000004/0001627475-23-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1627475/000162747523000004/upwork-20230215.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T11:28:17.819989+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"78fde56f6418179a5b62d9fc337cd0108cdd3848","claim":"UPWORK, INC reported financial results for the quarter and year ended December 31, 2022.","evidence_excerpt":"On February 15, 2023, Upwork Inc., or the Company, will hold a conference call regarding its financial results for the quarter and year ended December 31, 2022. The Company issued a shareholder letter announcing its financial results for the quarter and year ended December 31, 2022. The full text of the shareholder letter is attached as Exhibit 99.1 to this report.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1627475/000162747523000004/0001627475-23-000004-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter and year ended December 31, 2022"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}