---
schema_version: "secwatch.filing_event.v1"
accession: "0001505155-26-000034"
form_type: "8-K"
ticker: "UPLD"
cik: "0001505155"
company_name: "Upland Software, Inc."
filed_at: "2026-05-01T23:59:59+00:00"
generated_at: "2026-05-15T00:17:32.341470+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Upland Q1 revenue $48.7M (-24% YoY); net loss narrows to $0.09/share; guides FY revenue decline ~9%

## Summary
- Total revenue $48.7M, down 24% YoY; subscription revenue $46.1M, down 23%, mainly from 2025 divestitures.
- GAAP net loss attributable to common $2.7M ($0.09/share) vs $27.3M ($0.97) last year; Adjusted EBITDA $12.7M (26% margin).
- Operating cash flow $5.6M; free cash flow $5.5M; cash on hand $29.8M.
- Outlook: Q2 revenue $47.1-$50.1M; FY revenue $192.5-$201.5M (both down ~9% at midpoint); Adj. EBITDA margin ~27%.
- New CEO Sean Nathaniel: 'solid Q1; beating guidance midpoints'; 107 new customers added in Q1.

## SEC filing metadata
- accession: 0001505155-26-000034
- form_type: 8-K
- ticker: UPLD
- cik: 0001505155
- company_name: Upland Software, Inc.
- filed_at: 2026-05-01T23:59:59+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/1505155/000150515526000034/0001505155-26-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1505155/000150515526000034/upld-20260501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001505155-26-000034
- JSON: https://secwatch.observer/filing/0001505155-26-000034.json
- Plain text: https://secwatch.observer/filing/0001505155-26-000034.txt

## Key facts
- Earnings Releases
  Upland Software, Inc. reported the quarter ended March 31, 2026 results: revenue $48.7 million, net income GAAP net loss attributable to common stockholders was $2.7 million, EPS GAAP net loss per share attributable to common stockholders was $0.09 per share. Guidance reaffirmed.
  - Period: the quarter ended March 31, 2026
  - Revenue: $48.7 million
  - Net income: GAAP net loss attributable to common stockholders was $2.7 million
  - EPS: GAAP net loss per share attributable to common stockholders was $0.09 per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: and operating results for the first quarter 2026 and issued guidance for its second quarter and full year of 2026. First Quarter 2026 Financial Highlights • Total revenue was $48.7 million, a decrease of 24% from $63.7 million in the first quarter of 2025, primarily due to divestitures completed in 2025. • Subscription and support revenue was $46.1 million, a
  evidence_url: https://www.sec.gov/Archives/edgar/data/1505155/000150515526000034/0001505155-26-000034-index.htm

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