Upwork Inc. Files 8-K on Financials and Operations

TL;DR

Upwork dropped an 8-K detailing financials and operations - check it for the latest numbers.

AI Summary

Upwork Inc. filed an 8-K on October 23, 2024, reporting on its results of operations and financial condition. The filing also includes information on costs associated with exit or disposal activities, Regulation FD disclosures, and financial statements and exhibits. The company is incorporated in Delaware and its fiscal year ends on December 31.

Why It Matters

This 8-K filing provides crucial updates on Upwork's financial performance and operational activities, which can influence investor decisions.

Risk Assessment

Risk Level: low — This is a standard 8-K filing reporting on financial results and operations, not indicating any immediate or unusual risks.

Key Players & Entities

• UPWORK, INC (company) — Registrant
• Delaware (jurisdiction) — State of Incorporation
• October 23, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.0001 — nge on Which Registered Common Stock, $0.0001 par value per share UPWK The Nasdaq
• $17 million — imates that it will incur approximately $17 million to $22 million in pre-tax charges to it
• $22 million — will incur approximately $17 million to $22 million in pre-tax charges to its GAAP financia

Filing Documents

• d874056d8k.htm (8-K) — 31KB
• d874056dex991.htm (EX-99.1) — 41KB
• 0001193125-24-241498.txt ( ) — 233KB
• upwk-20241023.xsd (EX-101.SCH) — 3KB
• upwk-20241023_def.xml (EX-101.DEF) — 13KB
• upwk-20241023_lab.xml (EX-101.LAB) — 21KB
• upwk-20241023_pre.xml (EX-101.PRE) — 14KB
• d874056d8k_htm.xml (XML) — 5KB

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K contains forward-looking statements within the meaning of the federal securities laws. All statements contained in this Current Report on Form 8-K other than statements of historical fact are forward-looking statements, including statements regarding the number of positions affected by the Plan, the estimated restructuring expenses associated with the Plan, and the time frame for completion of and recognition of charges associated with the Plan. The Company has based these forward-looking statements largely on its current expectations and projections as of the date hereof about future events and trends that the Company believes may affect its financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. As such, they are subject to inherent uncertainties, known and unknown risks, and changes in circumstances that are difficult to predict and in many cases outside the Company's control, including possible changes in the size and timing of the related expenses, and you should not rely on such forward-looking statements as predictions of future events. The Company makes no representation that the projected results will be achieved or that future events and circumstances will occur, and actual results may differ materially and adversely from the Company's expectations. The forward-looking statements are made as of the date hereof, and the Company does not undertake, and expressly disclaims, any obligation to update or revise any forward-looking statements, to conform these statements to actual results, or to make changes in its expectations, except as required by law. Additional information regarding other risks and uncertainties that could cause actual results to differ materially from the Company's expectations is included under the caption "Risk Factors" in the Company's Quarterly Report on Form 10-Q filed with the SEC on Aug

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. UPWORK INC. Date: October 23, 2024 By: /s/ Erica Gessert Erica Gessert Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR