---
schema_version: "secwatch.filing_event.v1"
accession: "0001627475-26-000046"
form_type: "8-K"
ticker: "UPWK"
cik: "0001627475"
company_name: "UPWORK, INC"
filed_at: "2026-08-10T20:45:49+00:00"
generated_at: "2026-08-10T20:48:13.833850+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Upwork Q2 2026: Revenue down 2% to $191.7M, adjusted EBITDA up 12% to $64.1M

## Summary
- Revenue $191.7M (-2% YoY); GAAP net income $25.4M (-22%); diluted EPS $0.20 vs $0.24 prior.
- Adjusted EBITDA $64.1M (+12% YoY) at 33% margin; GSV $966.4M (-4% YoY).
- GSV per active client record $5,230 (+5% YoY), 8th straight sequential gain; active clients 763k (-4% YoY).
- Q3 guidance: revenue $176-184M, adj EBITDA $50-54M, non-GAAP EPS $0.31-0.33; FY26 revenue $730-750M.
- AI-related GSV up >22% YoY; Business Plus GSV up 174% YoY; share repurchases $109.7M in H1.

## SEC filing metadata
- accession: 0001627475-26-000046
- form_type: 8-K
- ticker: UPWK
- cik: 0001627475
- company_name: UPWORK, INC
- filed_at: 2026-08-10T20:45:49+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1627475/000162747526000046/0001627475-26-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1627475/000162747526000046/upwork-20260810.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001627475-26-000046
- JSON: https://secwatch.observer/filing/0001627475-26-000046.json
- Plain text: https://secwatch.observer/filing/0001627475-26-000046.txt

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