{"schema_version":"secwatch.filing_event.v1","accession":"0001505155-23-000046","form_type":"8-K","ticker":"UPLD","cik":"0001505155","company_name":"Upland Software, Inc.","filed_at":"2023-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.136453+00:00","generated_at":"2026-06-15T21:42:04.039718+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Upland Q1 revenue $77.1M (-2% YoY); GAAP net loss $140M on $128.8M goodwill impairment","bullets":["Total revenue $77.1M, down 2% YoY; subscription revenue $72.9M, down 1% (flat ex-FX). Beat Q1 guidance midpoint.","GAAP net loss $140.0M inclusive of $128.8M non-cash goodwill impairment; GAAP EPS loss $4.38 vs $0.73 loss YoY.","Adjusted EBITDA $17.6M (23% margin) vs $23.4M (30%) a year ago; free cash flow $15.6M, up from $8.0M.","Q2 2023 guidance: revenue $69.8-$75.8M, Adj EBITDA $15-$18M (23% margin); full-year 2023 reaffirmed.","Added 20 new major customers and 207 new customers in Q1; cash $257.7M."],"urls":{"canonical":"https://secwatch.observer/filing/0001505155-23-000046","json":"https://secwatch.observer/filing/0001505155-23-000046.json","markdown":"https://secwatch.observer/filing/0001505155-23-000046.md","text":"https://secwatch.observer/filing/0001505155-23-000046.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1505155/000150515523000046/0001505155-23-000046-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1505155/000150515523000046/upld-20230504.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T21:42:04.039718+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7ca5669e658e6a75ea229efd45c3fe651afabb24","claim":"Upland Software, Inc. reported the quarter ended March 31, 2023 results: revenue $77.1 million, net income $140.0 million, EPS $4.38 per share.","evidence_excerpt":"Total revenue was $77.1 million, a decrease of 2% from $78.7 million in the first quarter of 2022. Total revenue growth includes a negative impact of 2% from changes in foreign currency exchange rates (\"FX\"). Without FX, total revenue growth would have been flat. • Subscription and support revenue was $72.9 million, a decrease of 1% from $73.6 million in the first quarter of 2022. Subscription and support revenue growth includes a negative impact of 2% from FX. Without FX, subscription and support revenue growth would have been 1%. • GAAP net loss was $140.0 million compared to a GAAP net loss of $22.8 million in the first quarter of 2022. GAAP net loss attributable to common stockholders was $141.4 million compared to GAAP net loss attributable to common stockholders of $22.8 million in the first quarter of 2022. GAAP net loss per share attributable to common stockholders was $4.38 per share, compared to a GAAP net loss per share attributable to common stockholders of $0.73 per share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1505155/000150515523000046/0001505155-23-000046-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2023"},{"label":"Revenue","value":"$77.1 million"},{"label":"Net income","value":"$140.0 million"},{"label":"EPS","value":"$4.38 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"7d557c4b8e3e3eafbbd2f5edde5344a1611f5b9b","claim":"Upland Software, Inc. reported the quarter ending June 30, 2023 results: revenue between $69.8 and $75.8 million. Guidance initiated.","evidence_excerpt":"For the quarter ending June 30, 2023, Upland expects reported total revenue to be between $69.8 and $75.8 million, including subscription and support revenue between $65.7 and $70.7 million, for a decline in total revenue of 9% at the mid-point over the quarter-ended June 30, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1505155/000150515523000046/0001505155-23-000046-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ending June 30, 2023"},{"label":"Revenue","value":"between $69.8 and $75.8 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"95a656e26510a2ed94aabfbe2f5f57227ef2377f","claim":"Upland Software, Inc. reported the full year ending December 31, 2023 results: revenue between $288.0 and $312.0 million. Guidance reaffirmed.","evidence_excerpt":"For the full year ending December 31, 2023, Upland expects reported total revenue to be between $288.0 and $312.0 million, including subscription and support revenue between $269.0 and $289.0 million, for a decline in total revenue of 5% at the mid-point over the year ended December 31, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1505155/000150515523000046/0001505155-23-000046-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the full year ending December 31, 2023"},{"label":"Revenue","value":"between $288.0 and $312.0 million"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}