{"schema_version":"secwatch.filing_event.v1","accession":"0001627475-26-000005","form_type":"8-K","ticker":"UPWK","cik":"0001627475","company_name":"UPWORK, INC","filed_at":"2026-02-09T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.680214+00:00","generated_at":"2026-05-16T03:53:51.686233+00:00","sec_items":["2.02","5.03","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Upwork Q4 revenue $198.4M, record FY 2025 rev $787.8M; guides 6-8% rev growth 2026","bullets":["Q4 2025 revenue $198.4M (+4% YoY); GAAP net income $15.6M; adjusted EBITDA $52.9M (27% margin).","Full-year 2025 revenue $787.8M (+2% YoY); GAAP net income $115.4M; adjusted EBITDA $225.6M (29% margin).","Active clients 785k as of Dec 31, 2025; GSV per active client $5,129 (+7% YoY).","2026 guidance: 4-6% GSV growth and 6-8% revenue growth; expects accelerating growth."],"urls":{"canonical":"https://secwatch.observer/filing/0001627475-26-000005","json":"https://secwatch.observer/filing/0001627475-26-000005.json","markdown":"https://secwatch.observer/filing/0001627475-26-000005.md","text":"https://secwatch.observer/filing/0001627475-26-000005.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1627475/000162747526000005/0001627475-26-000005-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1627475/000162747526000005/upwork-20260203.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T03:53:51.686233+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":[{"claim_id":"c96630772624ff55f6eb3332237b5787c1884c65","claim":"UPWORK, INC: Adopted amended and restated bylaws to implement a cure process for deficiencies in stockholder director nomination notices (effective 2026-02-03).","evidence_excerpt":"On February 3, 2026, the Company's board of directors adopted amended and restated bylaws, or the Amended and Restated Bylaws, effective immediately, to implement a cure process for certain deficiencies in director nomination notices submitted by stockholders.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1627475/000162747526000005/0001627475-26-000005-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"},{"label":"Effective","value":"2026-02-03"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}