---
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"
generated_at: "2026-06-03T00:21:41.429513+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Upland Q1 revenue down 8% YoY to $70.7M; guides FY24 revenue down 8% at midpoint

## Summary
- 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%).

## SEC filing metadata
- 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
- 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/1505155/000150515524000038/0001505155-24-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1505155/000150515524000038/upld-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001505155-24-000038
- JSON: https://secwatch.observer/filing/0001505155-24-000038.json
- Plain text: https://secwatch.observer/filing/0001505155-24-000038.txt

## Key facts
- Earnings Releases
  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.
  - Period: the quarter ended March 31, 2024
  - Revenue: $70.7 million
  - Net income: $96.1 million
  - EPS: $3.37 per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1505155/000150515524000038/0001505155-24-000038-index.htm

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