secwatch.observer — SEC 8-K summary
======================================

Issuer:     Upland Software, Inc. (UPLD)
CIK:        0001505155
Form:       8-K
Filed at:   2025-11-06T23:59:59+00:00
Accession:  0001505155-25-000104
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1505155/000150515525000104/0001505155-25-000104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1505155/000150515525000104/upld-20251106.htm
  HTML page:      https://secwatch.observer/filing/0001505155-25-000104

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