Short answer
UPWORK, INC (UPWK) filed its Q3 2025 10-Q quarterly report on Nov 4, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $202M (up 4.1% year over year) with net income of $29M.
Q3 2025 key financials · XBRL
- Revenue
- $202M
- +4.1% YoY · +3.5% QoQ
- Net income
- $29M
- +5.7% YoY · −10.4% QoQ
- Operating margin
- 14.8%
- Gross margin
- 77.3%
- EPS (diluted)
- $0.22
- +10.0% YoY · −4.3% QoQ
Source: XBRL data from the UPWORK, INC (UPWK) Q3 2025 10-Q on SEC EDGAR. USD.
UPWORK, INC Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- New risk: Launch of Lifted enterprise subsidiary in Aug 2025 introduces uncertainties in business strategy and execution
- Material update: Increased focus on AI-related risks as AI talent demand and AI integration expand across offerings and internal operations
- Regulatory risk: Potential DFPI requirements for larger cash reserves due to internet escrow licensing impacts payment operations and costs
- Operational risk: Customer circumvention of Upwork Marketplace to avoid fees may rise during economic downturns, harming revenue
- Financial risk: Two clients accounted for over 10% of Trade and receivables as of Dec 31, 2024, concentration risk if lost
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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