Forward-Looking Statements
The materials and accompanying webcast (the “Presentations”) on this website relating to the 2025 investor day of Upwork Inc. (together with its wholly owned subsidiaries, the “Company,” “we,” “us,” or “our”) contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include all statements other than statements of historical fact, including any statements regarding our future operating results and financial position, including financial outlook and future growth targets, information or predictions concerning the future of our business or strategy, market opportunity and market size, future products, features, or functionality, anticipated events and trends, potential growth or growth prospects, our competitive position, technological and market trends, industry environment, the economy, our plans with respect to share repurchases, the expected impact and timing of strategic initiatives, including the launch of Lifted, our enterprise-focused subsidiary, and its acquisitions of Bubty B.V. and Ascen Inc., and other future conditions.
We have based these forward-looking statements largely on our current expectations and projections as of the date of the Presentations about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short- and long-term business operations and objectives, and financial needs. As such, they are subject to inherent uncertainties, known and unknown risks, assumptions, and changes in circumstances that are difficult to predict and in many cases outside our control, and you should not place undue reliance on such forward-looking statements. Moreover, we operate in a very competitive and rapidly changing environment, and new risks emerge from time to time. We make no representation that the plans, intentions, expectations, or results disclosed in these forward-looking statements will be achieved or that future events and circumstances will occur, and actual results or events may differ materially and adversely from our expectations. The forward-looking statements are made as of the date of the Presentations, and we do not undertake, and expressly disclaim, any obligation to update or revise any forward-looking statements, conform these statements to actual results, or make changes in our expectations, except as required by law. Additional information regarding the risks and uncertainties that could cause actual results to differ materially from our expectations is included under the caption “Risk Factors” in our Quarterly Report on Form 10-Q for the three months ended September 30, 2025, filed with the SEC on November 4, 2025, and in our other SEC filings, which are available on our Investor Relations website at investors.upwork.com and on the SEC’s website at www.sec.gov.
Future Products, Features, and Functionality
The information in the Presentations on new products, features, and functionality is intended to outline our general product direction and should not be relied upon in making a purchasing or investment decision. The information on new products, features, and functionality is for informational purposes only and shall not be incorporated into any contract. The information on new products, features, and functionality is not a commitment, promise, or legal obligation to deliver any material, code or functionality. The development, release, and timing of any product, features or functionality described for our products remain at our sole discretion.
Non-GAAP Financial Measures
To supplement financial results prepared in accordance with accounting principles generally accepted in the United States (“GAAP”), the Presentations present certain non-GAAP financial measures. Investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures as analytical tools, and investors should not consider them in isolation or as substitutes for the most directly comparable financial measures prepared in accordance with GAAP. The non-GAAP financial measures we use may be different from the non-GAAP financial measures used by other companies, including companies in our industry, limiting their usefulness for comparison purposes. Refer to the Appendix in the 2025 investor day presentation for an explanation of the non-GAAP financial measures we use and reconciliations to their most directly comparable GAAP financial measures.
Trademarks, Trade Names, and Service Marks
Upwork, the Upwork logo, “Uma™, Upwork’s Mindful AI,” Lifted, the Lifted logo, and other registered or common law trade names, trademarks, or service marks of Upwork appearing in the Presentations are the property of Upwork. The Presentations may also contain additional trade names, trademarks, and service marks of other companies, including names, logos, and brands. All third-party trademarks are property of their respective owners, and any references to third-party trademarks are for identification purposes only and shall be considered nominative fair use under trademark law.