---
schema_version: "secwatch.filing_event.v1"
accession: "0001627475-25-000048"
form_type: "8-K/A"
ticker: "UPWK"
cik: "0001627475"
company_name: "UPWORK, INC"
filed_at: "2025-08-07T23:59:59+00:00"
generated_at: "2026-05-17T17:38:55.569525+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Upwork Q2 revenue $194.9M, net income $32.7M, raises FY2025 guidance, acquires Bubty and Ascen

## Summary
- Q2 revenue $194.9M (+1% YoY), net income $32.7M (+47% YoY), adjusted EBITDA $57.1M (+40% YoY).
- Raises FY2025 revenue guidance to $765M-$775M and adjusted EBITDA to $206M-$214M; Q3 non-GAAP diluted EPS guidance $0.28-$0.30.
- Active clients 796K, GSV per active client up 5% YoY to $5,002; average hours per contract highest ever.
- Acquires Bubty and agrees to acquire Ascen to enhance enterprise contingent workforce solutions, targeting $650B TAM.
- AI-related GSV accelerated to 30% YoY growth in Q2; Uma™ adoption up 24% QoQ.

## SEC filing metadata
- accession: 0001627475-25-000048
- form_type: 8-K/A
- ticker: UPWK
- cik: 0001627475
- company_name: UPWORK, INC
- filed_at: 2025-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1627475/000162747525000048/0001627475-25-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1627475/000162747525000048/upwork-20250806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001627475-25-000048
- JSON: https://secwatch.observer/filing/0001627475-25-000048.json
- Plain text: https://secwatch.observer/filing/0001627475-25-000048.txt

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