{"schema_version":"secwatch.filing_event.v1","accession":"0001505155-24-000038","form_type":"8-K","ticker":"UPLD","cik":"0001505155","company_name":"Upland Software, Inc.","filed_at":"2024-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.718621+00:00","generated_at":"2026-06-03T00:21:41.429513+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 Q1 revenue down 8% YoY to $70.7M; guides FY24 revenue down 8% at midpoint","bullets":["Total revenue $70.7M, down 8% YoY; subscription revenue $67.1M, also down 8%.","GAAP net loss $96.1M ($3.37/share), improved from $140M loss in Q1 2023 due to lower goodwill impairment ($87.2M vs $128.8M).","Adjusted EBITDA $13.1M (19% margin), down from $17.6M (23%) in Q1 2023; free cash flow $4.9M vs $15.6M.","Q2 2024 guidance: revenue $64.4M-$70.4M (down 10% at midpoint YoY); Adj. EBITDA $11.8M-$14.8M (down 20%).","FY 2024 guidance: revenue $264.7M-$282.7M (down 8% at midpoint); Adj. EBITDA $50.8M-$59.8M (down 14%)."],"urls":{"canonical":"https://secwatch.observer/filing/0001505155-24-000038","json":"https://secwatch.observer/filing/0001505155-24-000038.json","markdown":"https://secwatch.observer/filing/0001505155-24-000038.md","text":"https://secwatch.observer/filing/0001505155-24-000038.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1505155/000150515524000038/0001505155-24-000038-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1505155/000150515524000038/upld-20240502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T00:21:41.429513+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":"b299939ed9828809631313814b9202801738d8d6","claim":"Upland Software, Inc. reported the quarter ended March 31, 2024 results: revenue $70.7 million, net income $96.1 million, EPS $3.37 per share.","evidence_excerpt":"and operating results for the first quarter 2024 and issued guidance for its second quarter and full year of 2024. First Quarter 2024 Financial Highlights • Total revenue was $70.7 million, a decrease of 8% from $77.1 million in the first quarter of 2023. • Subscription and support revenue was $67.1 million, a decrease of 8% from $72.9 million in the first quarter","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1505155/000150515524000038/0001505155-24-000038-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2024"},{"label":"Revenue","value":"$70.7 million"},{"label":"Net income","value":"$96.1 million"},{"label":"EPS","value":"$3.37 per share"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}