{"schema_version":"secwatch.filing_event.v1","accession":"0001627475-25-000043","form_type":"8-K","ticker":"UPWK","cik":"0001627475","company_name":"UPWORK, INC","filed_at":"2025-08-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.517309+00:00","generated_at":"2026-05-17T19:31:14.327759+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Upwork Q2 revenue $194.9M, net income $32.7M, raises FY2025 guidance, acquires Bubty and Ascen","bullets":["Q2 revenue $194.9M (record, +1% YoY), GAAP net income $32.7M (+47%), diluted EPS $0.24 vs $0.17.","Adjusted EBITDA $57.1M (+40%), margin 29.3% (all-time high); free cash flow $65.6M.","Active clients 796K; GSV per active client $5,002 (+5% YoY); AI GSV growth accelerated to 30% YoY.","Raises FY2025 revenue guidance to $765M-$775M, adjusted EBITDA to $206M-$214M.","Acquired Bubty and agreed to acquire Ascen to serve large enterprises with contingent workforce solutions, targeting $650B TAM."],"urls":{"canonical":"https://secwatch.observer/filing/0001627475-25-000043","json":"https://secwatch.observer/filing/0001627475-25-000043.json","markdown":"https://secwatch.observer/filing/0001627475-25-000043.md","text":"https://secwatch.observer/filing/0001627475-25-000043.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1627475/000162747525000043/0001627475-25-000043-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1627475/000162747525000043/upwork-20250806.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T19:31:14.327759+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}