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      "text": "Connects\nVirtual tokens that are required for talent to bid on projects and ads products on our work marketplace.",
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      "text": "GSV per Active Client\nGSV per Active Client is calculated by dividing total GSV during the four quarters ended on the date of measurement by the number of active clients on the date of measurement.",
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      "text": "Enterprise Client\nWe define an Enterprise Client as a client that has entered into a contract for its use of our Enterprise Solutions or Managed Services offerings.",
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      "text": "Active Clients\nWe define an Active Client as a client that has had spend activity on our work marketplace during the 12 months preceding the date of measurement.",
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      "text": "Adjusted EBITDA\nWe define adjusted EBITDA as net income (loss) adjusted for stock-based compensation expense; depreciation and amortization; other income (expense), net, which includes interest expense; income tax benefit (provision); and, if applicable, certain other gains, losses, benefits, or charges that are non-cash or are significant and the result of isolated events or transactions that have not occurred frequently in the past and are not expected to occur regularly in the future.",
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      "text": "Enterprise Revenue\nWe define Enterprise Revenue as revenue from our Enterprise offerings, including all client fees, subscriptions, and talent service fees from our Enterprise Solutions offering, previously referred to as Upwork Enterprise, and our Managed Services offering.",
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      "text": "Free Cash Flow\nWe define free cash flow as cash provided by (used in) operations less purchases of property, plant & equipment and cash outflows from internally developed software.",
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      "text": "Gross Services Volume (GSV)\nWe define gross services volume, or GSV, as the total amount that clients spend on our offerings as well as additional fees we charge to talent and clients for other services.",
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