Upwork (UPWK) Reports Q4 Revenue Drop, Earnings Decline

Upwork Inc. (UPWK) reported fourth-quarter revenue of $128.5 million, a 14% decline from the prior-year period, and net loss of $13.2 million, or $0.19 per share, versus a net loss of $11.3 million, or $0.17 per share, in the same quarter of 2025. The company attributed the results to softer demand in its core markets and continued economic headwinds, with active projects down 15% year-over-year. Management indicated it is accelerating cost optimization and focusing on high-growth regions to stabilize the outlook for the first quarter.