---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-038037"
form_type: "8-K"
ticker: null
cik: "0001389002"
company_name: "MARIN SOFTWARE INC"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T07:39:11.296048+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Marin Software Q2 revenue drops 8% to $4.4M; cuts 37% of workforce in restructuring

## Summary
- Net revenue $4.4M, down 8% YoY from $4.7M; GAAP operating loss $6.0M (margin -137%).
- Non-GAAP operating loss $4.8M (margin -111%); cash and equivalents $19.0M at June 30, 2023.
- Reducing global workforce by ~64 employees (37%) and 14 contractors, total ~40% reduction from 195 to 117.
- Estimated cash restructuring costs $1.0M-$1.5M, primarily severance; expects completion by Q3 2023.
- Pre-tax annualized cost savings of $10.0M-$13.0M from restructuring and other planned savings.

## SEC filing metadata
- accession: 0000950170-23-038037
- form_type: 8-K
- cik: 0001389002
- company_name: MARIN SOFTWARE INC
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 2.05, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1389002/000095017023038037/0000950170-23-038037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1389002/000095017023038037/mrin-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-038037
- JSON: https://secwatch.observer/filing/0000950170-23-038037.json
- Plain text: https://secwatch.observer/filing/0000950170-23-038037.txt

## Key facts
- Earnings Releases
  MARIN SOFTWARE INC reported the second quarter ended June 30, 2023 results: revenue $4.4 million.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $4.4 million
  - Result: reported results
  source text: a brand new help center with an updated design, improved categorization, and an easier-to-use feedback system. Second Quarter 2023 Financial Updates: • Net revenues totaled $4.4 million, a year-over-year decrease of 8% when compared to $4.7 million in the second quarter of 2022. • GAAP loss from operations was ($6.0) million, resulting in a GAAP operating margin
  evidence_url: https://www.sec.gov/Archives/edgar/data/1389002/000095017023038037/0000950170-23-038037-index.htm
- Restructurings & Charges
  MARIN SOFTWARE INC announced a restructuring with charges of approximately $1.0 million to $1.5 million affecting global employees (approximately 64 employees, representing approximately 37% of its global employees as of June 30, 2023).
  - Type: restructuring
  - Charge: approximately $1.0 million to $1.5 million
  - Affected area: global employees
  - Headcount: approximately 64 employees, representing approximately 37% of its global employees as of June 30, 2023
  source text: Company expects to substantially complete the 2023 Restructuring Plan by the end of the quarter ending September 30, 2023. The Company estimates that it will incur approximately $1.0 million to $1.5 million of cash expenditures in connection with the 2023 Restructuring Plan, substantially all of which relates to severance costs. The Company expects to recognize the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1389002/000095017023038037/0000950170-23-038037-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.