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AI brief of an SEC Form 8-K · Upwork (UPWK)

Upwork Q2 revenue rises 1% to $194.9 million; net income up 47%; guidance raised

Positive Impact 4 of 5 earnings Written later

Upwork reported second-quarter 2025 revenue of $194.9 million, up 1% from a year earlier, and net income of $32.7 million, up 47%. The company raised its full-year 2025 revenue guidance to $765 million to $775 million and adjusted EBITDA guidance to $206 million to $214 million, and it announced the Bubty acquisition and an agreement to acquire Ascen.

Key points

  • Q2 2025 revenue was $194.9 million, up from $193.1 million; Marketplace revenue rose 2% while Enterprise revenue fell 8%
  • Diluted EPS was $0.24, compared with $0.17 in the second quarter of 2024
  • FY2025 guidance raised: revenue $765 million to $775 million, adjusted EBITDA $206 million to $214 million
  • Q3 2025 revenue guidance is $190 million to $195 million; Ascen acquisition expected to close in the second half of 2025

The filing

CompanyUpwork (UPWK)
Form8-K, current report
Filed with the SECAug 6, 2025, 4:10 PM ET
Accession number0001627475-25-000043

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.