secwatch.observer — SEC 8-K summary
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Issuer:     Upland Software, Inc. (UPLD)
CIK:        0001505155
Form:       8-K
Filed at:   2026-05-01T23:59:59+00:00
Accession:  0001505155-26-000034
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1505155/000150515526000034/0001505155-26-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1505155/000150515526000034/upld-20260501.htm
  HTML page:      https://secwatch.observer/filing/0001505155-26-000034

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