secwatch.observer — SEC 8-K summary
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Issuer:     Upland Software, Inc. (UPLD)
CIK:        0001505155
Form:       8-K
Filed at:   2025-05-12T23:59:59+00:00
Accession:  0001505155-25-000054
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Upland Q1 revenue $63.7M (-10% YoY); net loss narrows; divests mobile messaging unit
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- Q1 revenue $63.7M (-10% YoY); GAAP net loss $25.8M vs $96.1M loss a year ago.
- Adjusted EBITDA $13.1M (21% margin) flat YoY; free cash flow $7.9M vs $4.9M.
- Sold mobile messaging product lines post-quarter, lowering FY revenue guidance by ~$25M; Adj EBITDA guidance unchanged.
- Q2 revenue guidance $50.3-$56.3M (down 23% YoY); Adj EBITDA $12.1-$15.1M (flat).
- FY 2025 Adj EBITDA guidance $55-$64M (up 7% midpoint); margin expected to expand to 27% vs 20% in 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1505155/000150515525000054/0001505155-25-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1505155/000150515525000054/upld-20250512.htm
  HTML page:      https://secwatch.observer/filing/0001505155-25-000054

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer