What Upwork's Quarter ended Sep 30, 2026 10-Q says: 6 signals
Upwork filed its latest 10-Q with the SEC on Nov 2, 2026. It discusses acquisition completed, cloud investment and customer churn.
Public (UPWK)Internet Marketplace Platforms10,000+ employeesupwork.comLinkedIn
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What changed at Upwork this week? Use Autobound signals for upwork.com.- Filed
- Nov 2, 2026
- Period
- Quarter ended Sep 30, 2026
- Filings
- 3
- Signals
- 19
Source: Autobound Signal API · 93 signals tracked for Upwork · updated
10-Q · latest 10
What Upwork's 10-Q filings say
- SEC EDGAR
10-Q · Quarter ended Sep 30, 2026
Filed · 6 signals
Upwork Incurred $5.7M in Deal Costs for Lifted's Acquisition of WorkMotion Software
Upwork's subsidiary Lifted acquired WorkMotion Software GmbH, incurring $5.7 million in transaction-related professional fees during Q3 2026.
$5.7M
transaction-related costs in connection with Lifted's acquisition of WorkMotion Software GmbH
Upwork initiates 2026 Restructuring plan to reduce cost structure and improve operational efficiency
In May 2026, Upwork initiated the 2026 Restructuring plan to reduce its cost structure and improve operational efficiency, contributing to adjusted EBITDA growth.
Upwork Advances Uma AI Work Agent and Variable Marketplace Pricing Models
Upwork is expanding its platform ecosystem through its proprietary AI work agent, Uma, alongside tailored offerings like Business Plus and variable pricing models.
20%
Marketplace take rate reached 20.0% for the three months ended September 30, 2026
AIUma
Upwork Incurred $18.1 Million in 2026 Restructuring Charges to Improve Operational Efficiency
Upwork initiated a restructuring plan in May 2026 and incurred $18.1 million in restructuring charges during the nine months ended September 30, 2026, including $4.3 million in the third quarter.
$18.1M
charges related to the 2026 Restructuring for the nine months ended September 30, 2026
Upwork maintains cloud hosting infrastructure on Amazon Web Services as part of cost of revenue
Upwork relies on Amazon Web Services (AWS) for third-party hosting, which forms a primary component of its cost of revenue.
AWSAmazon Web Services
Upwork Active Clients Declined 10% to 717,000 as of September 30, 2026
Active clients decreased 10% year-over-year from 794,000 to 717,000 due to lower client acquisition and retention driven by AI impacts, SEO changes, and macroeconomic conditions.
-10%
decrease in active clients
AI
- SEC EDGAR
10-Q
Filed · 4 signals
Upwork secures new $150M revolving credit facility to fund strategic initiatives.
Upwork entered a new credit agreement for a $150M revolving credit facility, providing significant capital for future growth, strategic initiatives, or potential acquisitions.
$150M
Revolving Credit Facility borrowing capacity
Bank of America, N.A.BofA Securities, Inc.Wells Fargo Securities, LLC
Upwork flags risk that $361M debt service could limit cash flow and operational flexibility
The company explicitly warns that servicing its $361.0 million in outstanding notes could reduce available cash for operations and limit its ability to fund strategic initiatives.
$361M
Aggregate principal amount of outstanding Notes
- SEC EDGAR
10-Q
Filed · 9 signals
Upwork announces $19M-$23M restructuring plan with layoffs on May 7, 2026
The company is reducing its workforce and realigning investments to improve operational efficiency.
$21M
Estimated pre-tax charges for restructuring plan including workforce reduction
Upwork announces restructuring plan on May 7, 2026, cutting 10% of global workforce for $11M-$14M.
The company is incurring $11M to $14M in charges for a restructuring plan to reduce operating costs, which includes a 10% reduction of its global workforce.
$14M
Maximum expected charges for the Restructuring Plan
10%
Reduction of global workforce
Showing 10 of 19 filing signals. The Signal API returns all of them.
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Upwork earnings headlines
From earnings call transcripts (Signal API type earnings-transcripts).
| Call date | What the company said |
|---|---|
| Raising full-year revenue and profitability guidance significantlyThe company increased its full-year 2025 revenue and adjusted EBITDA guidance, reflecting strong business momentum and financial health to support new investments and strategic projects. | |
| Rebuilding core search & recommendation tech stack with AIThe company is actively rebuilding its core search and recommendation engine, a project expected to drive $100M in incremental GSV. This indicates significant investment in AI/ML platforms, data infrastructure, and engineering resources. | |
| Committing to investments in new 'Lifted' business despite margin impactManagement is accepting a 2 percentage point margin dilution to fund the growth of its new enterprise business, showing a clear willingness to spend on strategic priorities and absorb costs for long-term growth. | |
| Prioritizing 2026 growth investments over short-term margin expansionThe CFO explicitly stated they will slow margin expansion next year to invest in strong organic growth drivers, including the 'Lifted' subsidiary. This is a clear signal of available budget and a willingness to spend on strategic projects, even at the cost of 2 points of margin dilution. | |
| Rebuilding core search and recommendation tech stack with AIThe company is undertaking a major project to rebuild its search and recommendation engine using AI. This is a significant engineering and technology investment that may require new tools, platforms, or infrastructure. | |
| Seeing 36% QoQ growth in premium SMB client adoptionRapid adoption of the 'Business Plus' plan indicates strong traction with higher-value SMBs. This growth requires scalable systems to support this expanding customer segment, creating potential needs for marketing, sales, and customer success tools. |
Signal API · MCP
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Page updated , the date of the newest row on this page.
Source. Quarterly reports (Form 10-Q) filed with the SEC. Every card links to the filing on EDGAR.
Method. Insights are extracted from the filing text and grouped by category. Numbers are quoted from the filing.
Data as of .