---
schema_version: "secwatch.filing_event.v1"
accession: "0001505155-23-000007"
form_type: "8-K"
ticker: "UPLD"
cik: "0001505155"
company_name: "Upland Software, Inc."
filed_at: "2023-02-23T23:59:59+00:00"
generated_at: "2026-06-19T02:26:52.680096+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Upland Software Q4 revenue $78.8M (+4% YoY), guides Q1 revenue down 5% YoY; announces growth plan

## Summary
- Q4 total revenue $78.8M (+4% YoY, +7% constant currency); subscription & support $74.1M (+3%).
- GAAP net loss $22.7M (incl. $12.5M goodwill impairment); GAAP EPS loss $0.75 vs $0.24 loss YoY.
- Adjusted EBITDA $24.3M (31% margin) vs $25.1M (33% margin) in Q4 2021; free cash flow $5.7M.
- Q1 2023 guidance: revenue $72-78M (midpoint -5% YoY), Adj EBITDA $15.5-18.5M (23% margin). Full year 2023 revenue $288-312M, Adj EBITDA $63-75M.
- Appointed Oliver Yates as Chief Sales Officer, Michael Frannea as head of marketing; promoted Karen Cummings to EVP and Senior GM.

## SEC filing metadata
- accession: 0001505155-23-000007
- form_type: 8-K
- ticker: UPLD
- cik: 0001505155
- company_name: Upland Software, Inc.
- filed_at: 2023-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1505155/000150515523000007/0001505155-23-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1505155/000150515523000007/upld-20230221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001505155-23-000007
- JSON: https://secwatch.observer/filing/0001505155-23-000007.json
- Plain text: https://secwatch.observer/filing/0001505155-23-000007.txt

## Key facts
- Earnings Releases
  Upland Software, Inc. reported the fourth quarter of 2022 results: revenue $78.8 million, net income GAAP net loss was $22.7 million, EPS GAAP net loss per share attributable to common stockholders was $0.75 per share. Guidance initiated.
  - Period: the fourth quarter of 2022
  - Revenue: $78.8 million
  - Net income: GAAP net loss was $22.7 million
  - EPS: GAAP net loss per share attributable to common stockholders was $0.75 per share
  - Guidance: initiated
  - Result: reported results
  source text: and full year of 2023. The company also announced a comprehensive growth plan to drive long-term shareholder value. Fourth Quarter 2022 Financial Highlights • Total revenue was $78.8 million, an increase of 4% from $75.7 million in the fourth quarter of 2021. Total revenue growth includes a negative impact of 3% from changes in foreign currency exchange rates ("FX").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1505155/000150515523000007/0001505155-23-000007-index.htm
- Material Agreements
  Upland Software, Inc. amended Amendment No.1 to the Credit Agreement with Credit Suisse AG, Cayman Islands Breach, as administrative agent and collateral agent, and the several lenders party thereto (effective 2023-02-21).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Credit Suisse AG, Cayman Islands Breach, as administrative agent and collateral agent, and the several lenders party thereto
  - Effective: 2023-02-21
  source text: On February 21, 2023 , Upland Software, Inc. (the “Company”) entered into that certain Amendment No.1 to the Credit Agreement (the “Amendment”), which amends that certain Credit Agreement, dated as of August 6, 2019 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time prior to the date of the Amendment, the “Credit Agreement”), by and among the Company, Credit Suisse AG, Cayman Islands Breach, as administrative agent and collateral agent, and the several lenders party thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1505155/000150515523000007/0001505155-23-000007-index.htm

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