---
schema_version: "secwatch.filing_event.v1"
accession: "0001627475-24-000041"
form_type: "8-K"
ticker: "UPWK"
cik: "0001627475"
company_name: "UPWORK, INC"
filed_at: "2024-11-06T23:59:59+00:00"
generated_at: "2026-05-30T04:36:00.056864+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Upwork Q3 revenue $193.8M (+10% YoY), record net income $27.8M, raises FY guidance, $100M buyback

## Summary
- GAAP diluted EPS $0.20, up 67% YoY; adjusted EBITDA $43.2M (+38% YoY); free cash flow $98.0M.
- Active clients 855k (+2% YoY); AI-related GSV grew 36% YoY and AI clients up 30%.
- Raises FY 2024 guidance: revenue $756M-$761M; adjusted EBITDA $155M-$159M.
- New $100M share repurchase authorization; also announced acquisition of Objective AI, Inc.

## SEC filing metadata
- accession: 0001627475-24-000041
- form_type: 8-K
- ticker: UPWK
- cik: 0001627475
- company_name: UPWORK, INC
- filed_at: 2024-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1627475/000162747524000041/0001627475-24-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1627475/000162747524000041/upwork-20241106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001627475-24-000041
- JSON: https://secwatch.observer/filing/0001627475-24-000041.json
- Plain text: https://secwatch.observer/filing/0001627475-24-000041.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.