Highest-materiality recent filing
Upwork enters $150M secured revolving credit facility with Bank of America, maturing 2029
$150M secured revolver with $10M L/C sublimit; option to increase by $50M.
Upwork elects Bramley and Lissy to board; Steele re-elected with 17M against votes
Leela Srinivasan did not stand for re-election; Anilu Vazquez-Ubarri resigned from board effective June 4, 2026.
GAAP net income $31.5M (-17% YoY); diluted EPS $0.24 vs $0.27; revenue $195.5M (+1% YoY).
Upwork GM Marketplace David Bottoms resigns; transition to Kappus, Rabinovich
David Bottoms, GM Marketplace, resigns effective April 3, 2026; separation includes 12 months base salary lump sum.
Upwork board authorizes $300M share repurchase program
Repurchases up to $300M of outstanding common stock; no expiration date.
Upwork Q4 revenue $198.4M, record FY 2025 rev $787.8M; guides 6-8% rev growth 2026
Q4 2025 revenue $198.4M (+4% YoY); GAAP net income $15.6M; adjusted EBITDA $52.9M (27% margin).
Upwork appoints Sabrina Mekhalfa as Chief Accounting Officer effective Dec 15, 2025
Appointed Sabrina Mekhalfa, age 57, as Chief Accounting Officer, effective December 15, 2025.
Upwork Q3 revenue hits record $201.7M; raises FY2025 guidance
Record Q3 revenue of $201.7M (+4% YoY); GAAP net income $29.3M ($0.21 diluted EPS).
Upwork announces $100M share repurchase program – third since Nov 2023
Board authorized $100M share repurchase program with no expiration date.
Anthony Kappus named COO, effective Sep 2, 2025; previously Redfin Chief of Digital Revenue and Chief Legal Officer.
Upwork Q2 revenue $194.9M, net income $32.7M, raises FY2025 guidance, acquires Bubty and Ascen
Q2 revenue $194.9M (+1% YoY), net income $32.7M (+47% YoY), adjusted EBITDA $57.1M (+40% YoY).
Upwork Q2 revenue $194.9M, net income $32.7M, raises FY2025 guidance, acquires Bubty and Ascen
Q2 revenue $194.9M (record, +1% YoY), GAAP net income $32.7M (+47%), diluted EPS $0.24 vs $0.17.
Upwork CAO Olivier Marie resigns; CFO Erica Gessert named interim principal accounting officer
Olivier Marie resigns as Chief Accounting Officer effective August 19, 2025; departure not due to management disagreements.
Upwork appoints Dana Evan and Glenn Kelman to board; shareholders elect directors and ratify PwC
Two directors depart: Elizabeth Nelson did not stand for re-election; Gregory Gretsch retired effective June 5, 2025.
Upwork Q1 revenue $192.7M, net income doubles; raises FY adjusted EBITDA guidance
Q1 rev $192.7M (+1% YoY); GAAP net income $37.7M ($0.27 EPS) doubled from $18.4M ($0.13) YoY.
Upwork Q4 revenue $191.5M (+4% YoY); adjusted EBITDA record $50.2M at 26% margin
GAAP net income $147.2M includes $140.3M non-cash tax benefit; diluted EPS $1.03.
Upwork Q3 revenue $193.8M (+10% YoY), record net income $27.8M, raises FY guidance, $100M buyback
GAAP diluted EPS $0.20, up 67% YoY; adjusted EBITDA $43.2M (+38% YoY); free cash flow $98.0M.
Upwork cuts 21% workforce, pre-announces Q3 beat with record 22% adjusted EBITDA margin
Workforce reduction of 21% as part of restructuring plan; expects $60M annualized cost savings.
Upwork reports record Q2 net income of $22.2M; revenue up 15% YoY to $193.1M
GAAP net income $22.2M (highest ever) vs net loss of $(4.0)M in Q2 2023; diluted EPS $0.17 vs $(0.03).
Upwork stockholders re-elect three directors; approve auditor and say-on-pay at annual meeting
Stockholders elected Hayden Brown, Gregory C. Gretsch, and Anilu Vazquez-Ubarri as directors for three-year terms; each received ~73-74M votes for.
Upwork Q1 2024 revenue $190.9M (+19% YoY); GAAP net income $18.4M; raises FY2024 guidance
Revenue $190.9M (+19% YoY); GAAP diluted EPS $0.13 (vs. $(0.15) loss); net income $18.4M.
Upwork Q4 net income $17.4M vs loss; guides FY24 revenue $760-780M
GAAP net income $17.4M ($0.13 diluted EPS) vs loss of $16.5M in Q4 2022.
Upwork Q3 GAAP net income $16.3M vs loss; raises FY2023 guidance; authorizes $100M buyback
Revenue $175.7M, +11% YoY; GAAP net income $16.3M ($0.12 EPS) vs ($24.8M) loss prior year.
Upwork Q2 revenue $168.6M (+7% YoY); raises FY23 adj. EBITDA guidance to $50-55M
Revenue $168.6M (+7% YoY); GAAP net loss ($4.0M) vs ($23.8M) YoY; adj. EBITDA $14.4M vs ($1.9M) YoY.
Upwork shareholders approve officer exculpation provision; Srinivasan and Steele re-elected
Stockholders approved restated certificate to exculpate officers from monetary liability for breach of duty of care (89.4M for, 4.5M against).
Upwork Q1 rev +14% to $160.9M; cuts 15% of staff; CSO departs
Revenue $160.9M (+14% YoY); GAAP net income $17.2M; adjusted EBITDA -$2.9M.
Upwork appoints Erica Gessert as CFO, effective April 25, 2023
Erica Gessert joins from PayPal, where she served as Chief Transformation Officer and SVP of Finance & Analytics.
Upwork repurchases ~$196.8M of 0.25% Convertible Notes for ~$157M cash
Repurchased approximately $196.8 million aggregate principal amount of its 0.25% Convertible Senior Notes due 2026.
Q4 revenue $161.4M (+18% YoY); GAAP net loss $(16.5)M; adjusted EBITDA $1.1M.
Upwork Q3 revenue up 24% to $158.6M; GAAP net loss $(24.8)M, adj EBITDA loss $(2.9)M
Revenue $158.6M (+24% YoY); GSV >$11B (+14% YoY).
Upwork amends bylaws to align with universal proxy rules and DGCL updates
Board adopted amended and restated bylaws effective October 18, 2022.
Upwork CFO Jeff McCombs to depart; Q3 guidance reaffirmed
CFO Jeff McCombs to leave Upwork; search for new CFO initiated with external firm.
Upwork Q2 2022 revenue $156.9M (+26% YoY); Enterprise up 45%
Revenue grew 26% YoY to $156.9M for Q2 2022.
Upwork appoints Olivier Marie as Chief Accounting Officer and Treasurer effective June 10, 2022
Marie, 52, promoted from Controller (role held since Jan 2021) and will serve as principal accounting officer.
Upwork stockholders elect three directors, ratify PwC, approve say-on-pay at annual meeting
Kevin Harvey, Thomas Layton, and Elizabeth Nelson elected to three-year terms expiring 2025.
Upwork Q1 2022: GSV surpasses $1B, revenue $141.3M (+24% YoY); suspends Russia/Belarus operations
GSV topped $1.0B (+27% YoY); revenue $141.3M (+24% YoY).
Upwork suspends Russia/Belarus operations, withdraws 2022 guidance due to Ukraine war impact
Suspends new business in Russia/Belarus; existing contracts end by May 1, 2022.
Upwork reports 2021 revenue up 35% to $503M, accelerates $1B revenue target to 2024
Full-year GSV grew 41% to $3.5B; revenue grew 35% to $503M.
Upwork Q3 2021 revenue of $128.1M (+32% YoY), GSV $904M (+38%), beat guidance
Revenue $128.1M (+32% YoY) above high end of guidance; GSV $904M (+38% YoY).
Upwork closes $575M 0.25% convertible notes offering, net proceeds ~$560M
Closed $575M aggregate principal of 0.25% Convertible Senior Notes due 2026; includes full exercise of $75M option.
Upwork prices $500M convertible note offering at 0.25% due 2026, terminates SVB loan
Priced $500.0M of 0.25% convertible senior notes due 2026; initial purchasers may buy $75.0M additional.
Upwork Q2 2021: Revenue $124.2M (+42% YoY), GSV $875.8M (+50%), positive adjusted EBITDA $7.3M
Revenue grew 42% YoY to $124.2M; Marketplace revenue up 46% to $114.5M.
the Board, at the recommendation of its nominating and governance committee, nominated each of Claire Bramley and David Lissy for election as a Class II director at the Annual Meeting.
As previously disclosed, Leela Srinivasan did not stand for re-election as a member of the board of directors
the Board, at the recommendation of its nominating and governance committee, nominated each of Claire Bramley and David Lissy for election as a Class II director at the Annual Meeting.
Anilu Vazquez-Ubarri resigned from the Board effective immediately prior to the election of directors at the Annual Meeting.
appointed Glenn Kelman to serve as a Class III director effective as of the date of the Annual Meeting.
Gregory C. Gretsch retired from the Board effective as of the date of the Annual Meeting.
nominated Dana L. Evan for election as a Class I director at the Annual Meeting.
Elizabeth Nelson did not stand for re-election as a member of the board of directors
On May 3, 2023, the Company announced that Eric Gilpin, the Company's Chief Sales Officer, will depart from the Company and that the Company has reached an agreement regarding Mr. Gilpin's resignation.
On March 22, 2023, Upwork Inc.’s (the “Company”) board of directors appointed Erica Gessert to become the Company’s Chief Financial Officer effective upon her first day of employment with the Company, which is expected to be April 25, 2023.
On September 21, 2022, the Company and Mr. McCombs entered into an agreement (the “McCombs Transition Agreement”) setting forth the terms of Mr. McCombs’ separation from the Company.
On June 9, 2022, Upwork Inc., or the Company, appointed Olivier Marie, age 52, as its Chief Accounting Officer, Treasurer, and principal accounting officer, effective June 10, 2022.
Max materiality 0.85 · Median 0.72 · Most common event earnings