UPWK as of Nov 1 · 21:10 ET

UPWKNasdaqServices-Computer Processing & Data Preparation

Upwork, Inc · Brief

Next report

Today

Nov 2 · after closeest.Q3 FY26

Earnings

Expected move

Inputs

±13.7%implied · report alone

7.9010.40

straddle ±16.7%

spot 9.15exp Nov 20ATM strike 10ATM straddle 1.80IV 91%

Oct 30 closereport share · term structure

Expected move

Inputs

Implied vs realized

8 reportsHistory

5 of 8≥ implied

avg implied: ±14.6%
avg realized: ±14.2%

Nov 6 '24±9.4%▲+11.45%×1.21

Feb 12 '25±15.7%▲+6.60%×0.42

May 5 '25±12.7%▲+18.02%×1.42

Aug 6 '25±12.2%▲+13.64%×1.12

Q3 FY25±17.3%▲+13.24%×0.76

Feb 9 '26±15.7%▼−19.08%×1.22

Q1 FY26±16.4%▼−16.87%×1.03

Q2 FY26±17.1%▼−14.95%×0.87

quarterimplied−20%0+20%realized×

Q2 FY26±17.1%▼−14.95%×0.87

Q1 FY26±16.4%▼−16.87%×1.03

Feb '26±15.7%▼−19.08%×1.22

Q3 FY25±17.3%▲+13.24%×0.76

Aug '25±12.2%▲+13.64%×1.12

May '25±12.7%▲+18.02%×1.42

2 older reports

Feb '25±15.7%▲+6.60%×0.42

Nov '24±9.4%▲+11.45%×1.21

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Bull & bear

Nov 2 report · est.

Bull2

4disclosed supplier and customer ties in SEC filingsSEC filings

299managers reporting a position in the latest quarterly filings13F · Jun 30 '26

Bear2

3 of 24of the largest reporting managers cut their stake in the latest quarter13F · Jun 30 '26

4tracked funds holding UPWKN-PORT · Aug 31 '26

AI captions · Sep 28 '26once per report · top 2 per case

Linked exposure

UPWK report session

Customers 1

AAPLApple App Store×0.13

× = co-movement · max 501dSource: SEC filings · market data

Latest changes

30 daysAll changes

Oct 19impliedImplied move: ±17.1% into Nov 2 earnings (Oct 19 close).Source

Your note

privateThesis 0 · Decisions 0 · Observations 0

No thesis.