{"schema_version":"secwatch.filing_event.v1","accession":"0001627475-24-000005","form_type":"8-K","ticker":"UPWK","cik":"0001627475","company_name":"UPWORK, INC","filed_at":"2024-02-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.860679+00:00","generated_at":"2026-06-06T02:23:57.899005+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Upwork Q4 net income $17.4M vs loss; guides FY24 revenue $760-780M","bullets":["GAAP net income $17.4M ($0.13 diluted EPS) vs loss of $16.5M in Q4 2022.","Revenue $183.9M (+14% YoY); full-year revenue $689.1M (+11% YoY).","Adjusted EBITDA $30.5M (17% margin) vs $1.1M; FY23 Adj. EBITDA $73.1M.","Acquired AI startup Headroom; named Andrew Rabinovich as head of AI/ML.","Active clients 851k (+5% YoY record); Q1'24 rev guidance $183-188M, FY'24 $760-780M."],"urls":{"canonical":"https://secwatch.observer/filing/0001627475-24-000005","json":"https://secwatch.observer/filing/0001627475-24-000005.json","markdown":"https://secwatch.observer/filing/0001627475-24-000005.md","text":"https://secwatch.observer/filing/0001627475-24-000005.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1627475/000162747524000005/0001627475-24-000005-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1627475/000162747524000005/upwork-20240214.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T02:23:57.899005+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":"c9a0685c854a913c72fcdaaeecf00ac680ad0156","claim":"UPWORK, INC reported the fourth quarter and full year of 2023 results: revenue $183.9 million, net income $17.4 million, EPS $0.13. Guidance initiated.","evidence_excerpt":"continue to produce growing profit margins and free cash flow each year going forward.” Fourth Quarter & Full Year 2023 Financial Highlights • Revenue grew 14% year-over-year to $183.9 million in the fourth quarter • Revenue grew 11% year-over-year to $689.1 million for full year 2023 • Active clients grew 5% year-over-year to 851,000 at the end of 2023, an all-time","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1627475/000162747524000005/0001627475-24-000005-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter and full year of 2023"},{"label":"Revenue","value":"$183.9 million"},{"label":"Net income","value":"$17.4 million"},{"label":"EPS","value":"$0.13"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"cedff724ff7a0e1551015d621e02ea5385eccf40","claim":"UPWORK, INC reported full year 2023 results: revenue $689.1 million, net income $46.9 million, EPS $0.06.","evidence_excerpt":"Revenue grew 11% year-over-year to $689.1 million for full year 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1627475/000162747524000005/0001627475-24-000005-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2023"},{"label":"Revenue","value":"$689.1 million"},{"label":"Net income","value":"$46.9 million"},{"label":"EPS","value":"$0.06"},{"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"}