---
schema_version: "secwatch.filing_event.v1"
accession: "0001505155-25-000104"
form_type: "8-K"
ticker: "UPLD"
cik: "0001505155"
company_name: "Upland Software, Inc."
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-16T23:38:30.263135+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Upland Q3 revenue falls 24% to $50.5M; adj EBITDA margin expands to 32% from 21%

## Summary
- Total revenue $50.5M (-24% YoY) due to divestitures; subscription revenue $47.7M (-25%).
- GAAP net loss $1.1M vs $1.7M loss a year ago; adj EBITDA $16.0M (32% margin vs 21%).
- Free cash flow $6.7M; cash $22.8M; debt refinanced extending maturity to July 2031.
- Q4 2025 guidance: revenue $46.4-$52.4M; adj EBITDA $13.8-$16.8M (31% margin at midpoint).
- Full-year 2025 revenue guidance $214-$220M; adj EBITDA $56.5-$59.5M (27% margin, +700 bps YoY).

## SEC filing metadata
- accession: 0001505155-25-000104
- form_type: 8-K
- ticker: UPLD
- cik: 0001505155
- company_name: Upland Software, Inc.
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1505155/000150515525000104/0001505155-25-000104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1505155/000150515525000104/upld-20251106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001505155-25-000104
- JSON: https://secwatch.observer/filing/0001505155-25-000104.json
- Plain text: https://secwatch.observer/filing/0001505155-25-000104.txt

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