Upwork reports record Q2 net income of $22.2M; revenue up 15% YoY to $193.1M

UPWORK, INC

2024-Q2 EPS reported $0.30 revenue$384,066,000

GAAP net income $22.2M (highest ever) vs net loss of $(4.0)M in Q2 2023; diluted EPS $0.17 vs $(0.03).
Revenue grew 15% YoY to $193.1M; active clients rose 6% to over 868,000.
Adjusted EBITDA $40.8M (21% margin), up from $14.4M in Q2 2023; free cash flow $33.5M.
Repurchased 2.9M shares for $33.1M, nearly 100% of quarterly free cash flow.
CFO targets 35% adjusted EBITDA margin within five years.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.