Short answer
UPWORK, INC (UPWK) filed its Q1 2026 10-Q quarterly report on May 7, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $195M (up 1.4% year over year) with net income of $31M.
Q1 2026 key financials · XBRL
- Revenue
- $195M
- +1.4% YoY
- Net income
- $31M
- −16.6% YoY
- Operating margin
- 16.7%
- Gross margin
- 77.2%
- EPS (diluted)
- $0.24
- −11.1% YoY
Source: XBRL data from the UPWORK, INC (UPWK) Q1 2026 10-Q on SEC EDGAR. USD.
UPWORK, INC Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $195.5M, up 1% YoY from $192.7M
- Gross margin 77% vs 78% YoY; net income $31.5M vs $37.7M
- Marketplace strongest segment: $170.7M, up 3%; Enterprise weakest: $24.8M, down 6%
- GSV $987.1M vs $987.7M; active clients down 3%, GSV per client up 5%
- Outlook: gross margin below prior-year levels throughout 2026; Lifted investment expected to support Enterprise growth
Risk Factors
- No material-change statement or quarter-specific new risk identified in the provided excerpt
- AI governance exposure from inaccurate, biased, or infringing outputs and heightened regulatory scrutiny
- Payment-compliance risk from banking-partner failures, potentially disrupting customer fund collection and disbursement
- International operating risk across customers in over 180 countries, including conflicting privacy and worker-classification laws
- Competitive demand risk from AI tools replacing traditional talent tasks and reducing client platform usage
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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