---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-036453"
form_type: "8-K"
ticker: "UPLD"
cik: "0001505155"
company_name: "Upland Software, Inc."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T00:02:25.365337+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Upland Q3 revenue down 7% YoY to $74.1M; net loss widens; Q4 adj EBITDA guide down 42%

## Summary
- GAAP net loss $8.7M ($0.31 per share) vs loss of $6.5M ($0.22) a year ago.
- Adjusted EBITDA $16.2M (22% margin) vs $24.9M (31% margin) in Q3 2022.
- Q4 2023 revenue guidance $69-75M; adj EBITDA $12.6-15.6M (20% margin at midpoint).
- Board authorized $10M increase to share repurchase program; no expiration date.
- Operating cash flow benefited from $20.5M one-time interest rate swap liquidation.

## SEC filing metadata
- accession: 0001628280-23-036453
- form_type: 8-K
- ticker: UPLD
- cik: 0001505155
- company_name: Upland Software, Inc.
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1505155/000162828023036453/0001628280-23-036453-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1505155/000162828023036453/upld-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-036453
- JSON: https://secwatch.observer/filing/0001628280-23-036453.json
- Plain text: https://secwatch.observer/filing/0001628280-23-036453.txt

## Key facts
- Earnings Releases
  Upland Software, Inc. reported third quarter 2023 results: revenue Total revenue was $74.1 million, net income GAAP net loss was $8.7 million, EPS GAAP net loss per share attributable to common stockholders was $0.31 per share. Guidance reaffirmed.
  - Period: third quarter 2023
  - Revenue: Total revenue was $74.1 million
  - Net income: GAAP net loss was $8.7 million
  - EPS: GAAP net loss per share attributable to common stockholders was $0.31 per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: and operating results for the third quarter 2023 and issued guidance for its fourth quarter and full year of 2023. Third Quarter 2023 Financial Highlights • Total revenue was $74.1 million, a decrease of 7% from $79.5 million in the third quarter of 2022. • Subscription and support revenue was $70.0 million, a decrease of 7% from $75.1 million in the third quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/1505155/000162828023036453/0001628280-23-036453-index.htm

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