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Upwork10-Q: Bookings decline

Upwork reports slowdown in new client acquisition and reduced spend from existing clients.

What happened

The company is experiencing a slowdown in new client acquisition and expansion of existing client spend due to the macroeconomic environment. This creates pressure to improve sales efficiency, marketing ROI, and customer retention to counteract declining growth metrics.

Source

SEC EDGARMay 7, 2026

Quarterly report (Form 10-Q)

Upwork 10-Q

Filing excerpt

In recent periods, we have experienced a slowdown in acquisition of new clients and expansion of existing client spend, as well as a reduction in GSV per active client, which we believe is primarily due to the uncertain and challenging macroeconomic environment...

sec.gov/Archives/edgar/data/1627475/000162747526000034/upwk-20260331.htmRead the full source

Other signals in this filing (8)

Extracted by Autobound

From the Signal API record
Signal
10-Q: Bookings decline

What this signalsFilings often name leadership changes, deals and spending plans.

Fiscal year end
03/31
Filed
May 7, 2026

More 10-Q signals at other companies

The full record

From the Signal API record

Details

CIK
1627475
Accession number
0001627475-26-000034
Timeframe
Current quarter
Filing year
2026
Fiscal year
0
Why it matters
Sales effectiveness tools
Signal category
Revenue

Extraction

Confidence
High
Relevance
80%
Sentiment
Negative
Detected
May 12, 2026
signal_type
sec-10q
signal_subtype
bookingsDecline

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The API returns more than this page shows

This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/05af8b9b-44f6-4c54-ad31-1e29b20574e7 returns this record as JSON. POST /v1/companies/enrich returns every signal for upwork.com.

{
  "signal_id": "05af8b9b-44f6-4c54-ad31-1e29b20574e7",
  "signal_type": "sec-10q",
  "signal_subtype": "bookingsDecline",
  "detected_at": "2026-05-12T09:24:55.546+00:00",
  "company": {
    "name": "Upwork",
    "domain": "upwork.com"
  },
  "data": {
    "detail": "The company is experiencing a slowdown in new client acquisition and expansion of existing client spend due to the macroeconomic environment. This creates pressure to improve sales efficiency, marketing ROI, and customer retention to counteract declining growth metrics.",
    "metrics": {
      "timeframe": "current_quarter"
    },
    "summary": "Upwork reports slowdown in new client acquisition and reduced spend from existing clients.",
    "excerpts": "In recent periods, we have experienced a slowdown in acquisition of new clients and expansion of existing client spend, as well as a reduction in GSV per active client, which we believe is primarily due to the uncertain and challenging macroeconomic environment...",
    "relevance": 0.8,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1627475/000162747526000034/upwk-20260331.htm",
    "filing_date": "2026-05-07",
    "filing_year": 2026,
    "fiscal_year": 0,
    "fiscal_year_end": "03/31",
    "sales_relevance": "Sales effectiveness tools",
    "signal_category": "revenue"
  }
}

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