{"schema_version":"secwatch.filing_event.v1","accession":"0001627475-23-000055","form_type":"8-K","ticker":"UPWK","cik":"0001627475","company_name":"UPWORK, INC","filed_at":"2023-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.834677+00:00","generated_at":"2026-06-08T15:34:44.586554+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Upwork Q3 GAAP net income $16.3M vs loss; raises FY2023 guidance; authorizes $100M buyback","bullets":["Revenue $175.7M, +11% YoY; GAAP net income $16.3M ($0.12 EPS) vs ($24.8M) loss prior year.","Adjusted EBITDA $31.2M vs ($2.9M) loss; margin 18% vs (2%) a year ago.","Raised FY2023 revenue guidance to $680-685M and adjusted EBITDA to $67-71M.","Board authorized $100M share repurchase program with no expiration date.","Marketplace take rate 15.9% (up from 14.3%); added 23 new Enterprise clients in Q3."],"urls":{"canonical":"https://secwatch.observer/filing/0001627475-23-000055","json":"https://secwatch.observer/filing/0001627475-23-000055.json","markdown":"https://secwatch.observer/filing/0001627475-23-000055.md","text":"https://secwatch.observer/filing/0001627475-23-000055.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1627475/000162747523000055/0001627475-23-000055-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1627475/000162747523000055/upwork-20231107.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T15:34:44.586554+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":"26d9ebf9cc4addf528904198805312d8f841d60b","claim":"UPWORK, INC reported quarter ended September 30, 2023 results: revenue $175.7 million, net income $16.3 million. Guidance raised.","evidence_excerpt":"We achieved better-than-expected results across our financial goals, generating third-quarter 2023 revenue of $175.7 million, up 11% from a year ago. We recorded GAAP net income of $16.3 million and adjusted EBITDA of $31.2 million this quarter","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1627475/000162747523000055/0001627475-23-000055-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended September 30, 2023"},{"label":"Revenue","value":"$175.7 million"},{"label":"Net income","value":"$16.3 million"},{"label":"Guidance","value":"raised"},{"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"}