Upland Software Q2 revenue down 8% to $49.1 million; GAAP net loss $35.3 million
Upland Software reported second quarter 2026 revenue of $49.1 million, down 8% year over year, and a GAAP net loss of $35.3 million after a non-cash goodwill impairment. The company cut its full-year 2026 revenue and Adjusted EBITDA outlook relative to 2025, with both expected to decline at the midpoint, so shareholders face weaker reported results and a lower near-term earnings base.
Key points
- Q2 2026 total revenue was $49.1 million, down from $53.4 million, mainly due to divestitures completed in 2025.
- GAAP net loss was $35.3 million versus $13.0 million a year earlier, driven by a $35.2 million non-cash impairment of goodwill and other intangibles recorded in June 2026.
- Full-year 2026 revenue guidance is $190.1 million to $196.1 million, an 11% decline at the midpoint; Adjusted EBITDA guidance is $49.8 million to $52.8 million, a 12% decline at the midpoint.
- Adjusted EBITDA was $12.8 million in Q2 2026 versus $13.6 million a year earlier, and cash on hand was $31.0 million at June 30, 2026.
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 14, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.