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UPWK

UPWORK, INC
9.68post+$0.00 (+0.00%)at close +$0.00 (+0.00%)
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as of 22:17:49 UTCnext report Nov 4 · 91d
Earnings Room‹ back to UPWK

The report

fiscal Q3 2026 · from the company's notice
Nov 4after close91days out

Expected movement

market-implied · at the Aug 4 close
±32.1%is what the chain prices between now and the expiry below. Not a view we hold.

That span is 164days, so it covers the report plus the ordinary movement around it. The chain doesn't yet quote a second expiry we can separate the two with; the range narrows onto the report as it approaches.

expiry Jan 15 · first after the reportATM strike 10straddle 3.65ATM IV 71%× 0.85 straddle-to-rangespot 9.68

Blast radius

3 linked · N-PORT + EDGAR

If UPWK moves ±32.1% over this report, these carry part of it. Fund rows are arithmetic on published holding weights — what an index fund does by construction. Company rows are named by filings and their coefficient measured against two years of daily returns.

Positioning

4 expiries · as of the Aug 3 close

Contracts already committed, not just traded today — puts against calls, sized by expiry. The tick is today's volume moving against that stance; the arrow, how much built up since the prior session.

OI ΔPutsOI
Expiry
OICallsOI Δ
▲ +0%
4.1k
Aug 21
18d
3.9k
▲ +0%
▲ +5%
255
Sep 18
46d
347
▲ +74%
▼ −0%
1.3k
Oct 16
74d
4.1k
▼ −0%
▲ +0%
15.2k
Jan 15
165d
9.5k
▲ +2%

The record

expected in pale · actual in full color
6/8reports moved further than the options market had pricedtypically ±15.7% realized vs ±14.1% priced
May 7 '26±16.4%16.9%×1.03
Feb 9 '26±15.7%19.1%×1.22
Nov 3 '25±17.3%+13.2%×0.76
Aug 6 '25±12.2%+13.6%×1.12
May 5 '25±12.7%+18.0%×1.42
Feb 12 '25±15.7%+6.6%×0.42
Nov 6 '24±9.4%+11.4%×1.21
Oct 23 '24±13.3%+26.7%×2.01
pale = implied the day beforeink = the next day's close× = realized ÷ implied
2-quarter memory
Q1 FY26 · reported 0.24 · rev $195M
record note

The note composes when the report lands. Nothing is written for a quarter that hasn't been read.