UPWK
Upwork Inc.21.44
+0.06+0.28%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A reaffirms H2 ramp, adds details
Q&A reinforced the prepared script's back-half 2026 ramp while framing Q1 as a planned bridge quarter due to Lyfted integration costs and marketplace focus on ramping larger clients. Management highlighted incremental details like Ooma Recruiter's live impact on hiring speed, Business Plus campaigns yielding clients spending 2.5x average GSV, and broader variable freelancer fee rollout starting Q1 to lift revenue. Enterprise green shoots emerged with two new Lyfted clients won and existing ones pursuing RFPs via healthy pipeline. No AI talent bottlenecks surfaced. Q&A added color, not curveballs. Watch Lyfted mid-year onboarding for acceleration.
Key Stats
Market Cap
2.84BP/E (TTM)
12.32Basic EPS (TTM)
1.74Dividend Yield
0%Recent Filings
8-K
8-K
Upwork authorizes $300M buyback
Upwork's board authorized a $300 million share repurchase program on February 18, 2026, targeting its common stock via open market, private deals, or accelerated repurchases. No expiration date applies; execution hinges on market conditions. Repurchases signal confidence. No repurchase obligation exists.
10-K
FY2025 results
Upwork's FY2025 delivered $788M revenue, up 2% y/y, with Marketplace growing 3% to $683M on 18.7% take rate expansion from ads and monetization, while Enterprise dipped 2% to $105M amid Lifted platform transition and paused new client wins. GSV held flat at $4.0B as active clients fell 6% but spend per client rose 7%, signaling deeper engagement. Q4 repurchases accelerated under the 2025 program, exhausting $36M of $100M authorization with $64M remaining, bolstering liquidity at $673M cash/investments against $361M Notes due 2026. Net income hit $115M but Adjusted EBITDA soared 35% to $226M on cost cuts. Customers sidestepping platforms dent quarterly momentum.
8-K
Q4 revenue up 4%, AI GSV surges
Upwork posted Q4 revenue of $198.4M, up 4% YoY, with full-year 2025 hitting record $787.8M and adjusted EBITDA soaring 35% to $225.6M. AI-driven GSV topped $300M annualized, while SMB and enterprise segments gained traction. Bylaws tweaked for smoother stockholder nominations. Guides 2026 revenue to $835M-$850M.
8-K
Upwork names new CAO
Upwork appointed Sabrina Mekhalfa as Chief Accounting Officer, effective December 15, 2025. She brings experience from Velocity Global and UserTesting. Compensation includes $365,000 base salary, 50% target bonus, $175,000 sign-on cash, and $850,000 RSUs vesting quarterly over three years. New hire. Severance terms favor change-in-control protection.
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