---
schema_version: "secwatch.filing_event.v1"
accession: "0001505155-24-000012"
form_type: "8-K"
ticker: "UPLD"
cik: "0001505155"
company_name: "Upland Software, Inc."
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T19:07:39.563297+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Upland Q4 revenue $72.2M (-8% YoY); FY24 guidance implies continued decline

## Summary
- Q4 total revenue $72.2M (-8% YoY); subscription revenue $68.2M (-8% YoY).
- GAAP net loss per share $0.56 (vs $0.75 loss in Q4'22); Adjusted EBITDA $14.1M (19% margin), down from $24.3M (31%).
- Q1 2024 revenue guidance $65-71M (midpoint -12% YoY); FY24 revenue guidance $259-283M (midpoint -9% YoY).
- Adjusted EBITDA guide Q1 $11.3-14.3M (-27% YoY); FY24 $49-61M (-15% YoY).
- Cash on hand $236.6M; repurchased $10.8M of common stock in Q4.

## SEC filing metadata
- accession: 0001505155-24-000012
- form_type: 8-K
- ticker: UPLD
- cik: 0001505155
- company_name: Upland Software, Inc.
- filed_at: 2024-02-22T23:59:59+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/1505155/000150515524000012/0001505155-24-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1505155/000150515524000012/upld-20240222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001505155-24-000012
- JSON: https://secwatch.observer/filing/0001505155-24-000012.json
- Plain text: https://secwatch.observer/filing/0001505155-24-000012.txt

## Key facts
- Earnings Releases
  Upland Software, Inc. reported financial results for year ended December 31, 2023.
  - Period: year ended December 31, 2023
  - Result: reported results
  source text: Upland Software Reports Fourth Quarter 2023 Financial Results February 22, 2024, 04:01 PM Eastern Standard Time AUSTIN, Texas--(BUSINESS WIRE)-- Upland Software, Inc. (Nasdaq: UPLD), a leader in cloud-based tools for digital transformation, today announced financial and operating results for the fourth quarter 2023 and issued guidance for its first quarter and full year of 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1505155/000150515524000012/0001505155-24-000012-index.htm
- Earnings Releases
  Upland Software, Inc. reported quarter ended December 31, 2023 results: revenue $72.2 million.
  - Period: quarter ended December 31, 2023
  - Revenue: $72.2 million
  - Result: reported results
  source text: Total revenue was $72.2 million, a decrease of 8% from $78.8 million in the fourth quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1505155/000150515524000012/0001505155-24-000012-index.htm

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