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

Upwork Q3 revenue falls to $185.6 million; CFO Erica Gessert to step down

Mixed Impact 4 of 5 earnings

Upwork reported third-quarter 2026 revenue of $185.6 million, down from $201.7 million a year earlier, while GAAP net income rose to $31.8 million and diluted EPS rose to $0.25 from $0.21. Free cash flow fell to $53.9 million from $69.4 million. CFO Erica Gessert will step down effective January 1, 2027, and Chief Business Officer Peter Sanborn was named her successor.

Key points

  • Third-quarter revenue was $185.6 million versus $201.7 million; GSV was $914.1 million versus $1,016.7 million.
  • GAAP net income was $31.8 million versus $29.3 million; diluted EPS was $0.25 versus $0.21.
  • Fourth-quarter 2026 revenue guidance is $169 million to $177 million; full-year 2026 guidance is $742 million to $750 million.
  • Erica Gessert resigns as CFO effective January 1, 2027, and will advise through March 31, 2027; Peter Sanborn, 43, will become CFO, and his compensation terms have not yet been determined.

The filing

CompanyUpwork (UPWK)
Form8-K, current report
Filed with the SECNov 2, 2026, 4:11 PM ET
Accession number0001627475-26-000053

Items reported: 2.02 Results of Operations5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.

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.