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AI brief of an SEC Form 8-K · Upland Software, Inc. (UPLD)

Upland Software Q3 revenue falls 6% to $47.5 million; non-GAAP net income down 41%

Negative Impact 4 of 5 earnings Written later

Upland Software reported third quarter 2026 total revenue of $47.5 million, down 6% from a year earlier, and a GAAP net loss of $0.5 million, compared with $1.1 million a year earlier. It guided to full-year 2026 total revenue of $190.1 to $193.1 million, a 12% decline at the midpoint, and outlined a three-phase plan targeting an adjusted EBITDA margin of approximately 35% in the first half of 2028. For shareholders, the headline revenue, profit and guidance measures point lower, although the GAAP loss narrowed and the company repaid debt.

Key points

  • Q3 2026 total revenue was $47.5 million, down from $50.5 million; Adjusted EBITDA was $12.6 million, or 27% of revenue, versus $16.0 million, or 32%, a year earlier.
  • Full-year 2026 total revenue is expected at $190.1 to $193.1 million; Q4 2026 total revenue is expected at $44.7 to $47.7 million.
  • Term loan balance was $225.4 million at September 30, 2026, down from $238.5 million at December 31, 2025; cash was $28.9 million and the $30.0 million revolver was undrawn.
  • On July 31, 2026, Nasdaq notified the company it no longer meets the $15 million minimum market value of publicly held shares; the company has until January 27, 2027 to regain compliance.

The filing

CompanyUpland Software, Inc. (UPLD)
Form8-K, current report
Filed with the SECNov 4, 2026, 4:03 PM ET
Accession number0001505155-26-000078

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 November 04, 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.