Upland Software, Inc. — Form 8-K
Filed August 14, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 72/100
What the filing says
Upland Software (market cap ~$47.8M) reported Q2 2026 revenue of $49.1M (down 8% from $53.4M in Q2 2025), primarily due to 2025 divestitures. GAAP net loss was $35.3M vs. $13.0M in Q2 2025, driven by a non-cash goodwill impairment of $35.2M recorded in June 2026. Non-GAAP net income was $6.6M (+18% YoY). The company guided full-year 2026 revenue to $190.1–$196.1M (down 11% YoY) and Adjusted EBITDA to $49.8–$52.8M (down 12% YoY). Cash on hand was $31.0M; debt outstanding totaled ~$223.8M (current + noncurrent).
Why this rating
Goodwill impairment of $35.2M is 74% of market cap—massive write-down signaling prior overpayment or deterioration. Recurring revenue decline and full-year guidance miss compound concern. Offsetting: positive non-GAAP earnings, solid FCF, AI traction. Material but not bankruptcy-level.
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