New York, New York--(Newsfile Corp. - May 11, 2026) - Levi & Korsinsky notifies investors that it has commenced an investigation into Upwork Inc. ("Upwork Inc.") (NASDAQ: UPWK) concerning potential violations of the federal securities laws.

During the Q4 2025 earnings call on February 9, 2026, CEO Hayden Brown stated that revenue growth was "2.4%" and adjusted EBITDA margin was "29%" for the full year, and guided for "6%-8% revenue growth" in 2026. Within weeks, the Company cut its Q2 2026 guidance and revised revenue expectations downward.

On the same call, management stated the Company "embedded more AI functionality in the Marketplace" and estimated these "improvements contributed $100 million in incremental GSV in 2025" and "GSV from AI-related work surpassed $300 million on an annualized basis in Q4, up more than 50% from the prior year." When Q1 2026 results revealed the gap between prior statements and actual performance, UPWK shares fell 19%.

If you suffered a loss on your Upwork Inc. securities and would like to explore a potential recovery under the federal securities laws, Learn More About the Investigation or contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or call (212)363-7500 to speak to our team of experienced shareholder advocates.

WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.

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Source: Levi & Korsinsky, LLP