ATLANTA, GA (Globe Newswire – May 18, 2026) — Holzer & Holzer, LLC is investigating whether Upwork Inc. (“Upwork” or the “Company”) (NASDAQ: UPWK) complied with federal securities laws. On May 7, 2026, Upwork announced financial results for the first quarter of 2026, revealing the number of active clients had declined and that gross service volume was approximately flat year-over-year. During the earnings call held the same day the Company said that “accelerated AI adoption degraded the volume of client activity on the low end, impacting contracts of $500 and below.” The price of the Company’s stock dropped following this news.

If you purchased Upwork stock and suffered a loss on that investment, you are encouraged to contact Corey D. Holzer, Esq. at cholzer@holzerlaw.com or Joshua Karr, Esq. at jkarr@holzerlaw.com, call our toll-free number at (888) 508-6832, or visit our website at www.holzerlaw.com/case/upwork/ to discuss your legal rights.