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Upwork posts flat Q1 2026 revenue, boosts full-year adjusted EBITDA forecast amid AI and SMB growth.

Company Fundamentals
07 May 2026
GlobeNewsWire
View Source
Bullish
pluang ai news

Upwork reported Q1 2026 revenue of $195.5 million, up 1% year-over-year, with gross services volume nearly flat at $987.1 million. The company highlighted a 5% increase in gross services volume per active client, driven by AI-related work and small-to-medium business (SMB) growth. Despite a 17% drop in GAAP net income to $31.5 million, adjusted EBITDA rose 3% to $57.4 million. Upwork announced a 24% workforce reduction to improve efficiency and raised its full-year 2026 adjusted EBITDA guidance to $250-$260 million, reflecting confidence in its AI and enterprise growth strategies.

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