---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-031458"
form_type: "8-K"
ticker: "ULYX"
cik: "0001603652"
company_name: "Urgent.ly Inc."
filed_at: "2024-03-14T23:59:59+00:00"
generated_at: "2026-06-04T19:33:56.620659+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Urgent.ly Q4 revenue falls 13% YoY; full-year gross profit up 88%, debt cut sharply

## Summary
- Q4 revenue $45.1M (-13% YoY); gross profit $10.2M (+21%); gross margin 23% vs 16%.
- Full-year 2023 revenue $184.7M (-2%); gross profit $37.9M (+88%); gross margin 21% vs 11%.
- Q4 GAAP operating loss $23.8M (vs $8.4M loss); full-year GAAP operating loss $46.1M, improved 14%.
- Non-GAAP operating loss for 2023 improved 57% to $21.0M; Q4 non-GAAP loss $7.9M.
- Net principal debt reduced from $142.2M to $71.8M in Q4; in Jan 2024 repaid another $17.5M, now at $54.3M.

## SEC filing metadata
- accession: 0000950170-24-031458
- form_type: 8-K
- ticker: ULYX
- cik: 0001603652
- company_name: Urgent.ly Inc.
- filed_at: 2024-03-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1603652/000095017024031458/0000950170-24-031458-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1603652/000095017024031458/uly-20240314.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-031458
- JSON: https://secwatch.observer/filing/0000950170-24-031458.json
- Plain text: https://secwatch.observer/filing/0000950170-24-031458.txt

## Key facts
- Earnings Releases
  Urgent.ly Inc. reported financial results for fourth quarter and full-year ended December 31, 2023.
  - Period: fourth quarter and full-year ended December 31, 2023
  - Result: reported results
  source text: On March 14, 2024, Urgent.ly Inc. issued a press release announcing its financial results for the three and twelve months ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1603652/000095017024031458/0000950170-24-031458-index.htm

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