---
schema_version: "secwatch.filing_event.v1"
accession: "0001505155-25-000085"
form_type: "8-K"
ticker: "UPLD"
cik: "0001505155"
company_name: "Upland Software, Inc."
filed_at: "2025-07-31T23:59:59+00:00"
generated_at: "2026-05-17T22:18:07.381984+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Upland Q2 revenue down 23% to $53.4M; Adj EBITDA margin expands to 25%

## Summary
- GAAP net loss of $13.0M ($0.51 EPS loss) vs $11.4M loss prior year; revenue decline due to divestitures.
- Adjusted EBITDA of $13.6M (25% margin) flat vs $13.6M (20% margin) in Q2 2024.
- Completed post-quarter refinancing: $240M term loan, $30M revolver, maturity July 2031; paid down $18M.
- Q3 2025 guide: revenue $46.8-$52.8M, Adj EBITDA $14.5-$17.5M (32% margin midpoint).
- FY 2025 guide: revenue $211.8-$223.8M, Adj EBITDA $55.8-$61.8M (27% margin midpoint).

## SEC filing metadata
- accession: 0001505155-25-000085
- form_type: 8-K
- ticker: UPLD
- cik: 0001505155
- company_name: Upland Software, Inc.
- filed_at: 2025-07-31T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1505155/000150515525000085/0001505155-25-000085-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1505155/000150515525000085/upld-20250731.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001505155-25-000085
- JSON: https://secwatch.observer/filing/0001505155-25-000085.json
- Plain text: https://secwatch.observer/filing/0001505155-25-000085.txt

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