secwatch.observer — SEC 8-K summary
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Issuer:     UPWORK, INC (UPWK)
CIK:        0001627475
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001627475-24-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Upwork Q4 net income $17.4M vs loss; guides FY24 revenue $760-780M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1627475/000162747524000005/0001627475-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1627475/000162747524000005/upwork-20240214.htm
  HTML page:      https://secwatch.observer/filing/0001627475-24-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer