{"schema_version":"secwatch.filing_event.v1","accession":"0001505155-23-000055","form_type":"8-K","ticker":"UPLD","cik":"0001505155","company_name":"Upland Software, Inc.","filed_at":"2023-08-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.129601+00:00","generated_at":"2026-06-12T07:58:19.388690+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Upland Software Q2 revenue $74.5M (-7% YoY); guides FY2023 revenue down 6% at midpoint","bullets":["Total revenue $74.5M, down 7% YoY from $80.2M; subscription & support $70.5M (-6%).","GAAP net loss $15.1M ($0.51 per share) vs $16.4M loss YoY; adjusted EBITDA $16.6M (22% margin) vs $24.5M (31%).","Free cash flow $6.7M vs $13.9M; cash on hand $262.6M.","Q3 rev guidance $70.4-$76.4M (midpoint -8% YoY); adj EBITDA $14.5-$17.5M.","FY2023 rev guidance $292.1-$304.1M (midpoint -6% YoY); adj EBITDA $63.2-$69.2M (22% margin)."],"urls":{"canonical":"https://secwatch.observer/filing/0001505155-23-000055","json":"https://secwatch.observer/filing/0001505155-23-000055.json","markdown":"https://secwatch.observer/filing/0001505155-23-000055.md","text":"https://secwatch.observer/filing/0001505155-23-000055.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1505155/000150515523000055/0001505155-23-000055-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1505155/000150515523000055/upld-20230803.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T07:58:19.388690+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":"612b0d27767135f86fca56a973d4064fde1047b2","claim":"Upland Software, Inc. reported the quarter ended June 30, 2023 results: revenue Total revenue was $74.5 million, net income GAAP net loss was $15.1 million, EPS GAAP net loss per share attributable to common stockholders was $0.51 per share. Guidance reaffirmed.","evidence_excerpt":"and operating results for the second quarter 2023 and issued guidance for its third quarter and full year of 2023. Second Quarter 2023 Financial Highlights • Total revenue was $74.5 million, a decrease of 7% from $80.2 million in the second quarter of 2022. • Subscription and support revenue was $70.5 million, a decrease of 6% from $75.0 million in the second","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1505155/000150515523000055/0001505155-23-000055-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended June 30, 2023"},{"label":"Revenue","value":"Total revenue was $74.5 million"},{"label":"Net income","value":"GAAP net loss was $15.1 million"},{"label":"EPS","value":"GAAP net loss per share attributable to common stockholders was $0.51 per share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"db5cf5418a44124a24004d79773ce4acd23786be","claim":"Upland Software, Inc. reported the quarter ending September 30, 2023 results: revenue reported total revenue to be between $70.4 and $76.4 million. Guidance reaffirmed.","evidence_excerpt":"For the quarter ending September 30, 2023, Upland expects reported total revenue to be between $70.4 and $76.4 million, including subscription and support revenue between $65.5 and $70.5 million, for a decline in total revenue of 8% at the mid-point over the quarter-ended September 30, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1505155/000150515523000055/0001505155-23-000055-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ending September 30, 2023"},{"label":"Revenue","value":"reported total revenue to be between $70.4 and $76.4 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"}