secwatch.observer — SEC 8-K summary
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Issuer:     UPWORK, INC (UPWK)
CIK:        0001627475
Form:       8-K
Filed at:   2026-08-10T20:45:49+00:00
Accession:  0001627475-26-000046
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1627475/000162747526000046/0001627475-26-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1627475/000162747526000046/upwork-20260810.htm
  HTML page:      https://secwatch.observer/filing/0001627475-26-000046

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer