---
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"
generated_at: "2026-06-12T07:58:19.388690+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Upland Software Q2 revenue $74.5M (-7% YoY); guides FY2023 revenue down 6% at midpoint

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001505155-23-000055
- JSON: https://secwatch.observer/filing/0001505155-23-000055.json
- Plain text: https://secwatch.observer/filing/0001505155-23-000055.txt

## Key facts
- Earnings Releases
  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.
  - Period: the quarter ended June 30, 2023
  - 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
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1505155/000150515523000055/0001505155-23-000055-index.htm
- Earnings Releases
  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.
  - Period: the quarter ending September 30, 2023
  - Revenue: reported total revenue to be between $70.4 and $76.4 million
  - Guidance: reaffirmed
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1505155/000150515523000055/0001505155-23-000055-index.htm

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