Upland Software, Inc. (UPLD) Financial Statements
Industry: Prepackaged Software (Services)
In fiscal 2025, Upland Software reported revenue of $216.9M, down 21.1% from $274.8M the year before. Net income was -$38.9M (a -17.9% net margin), or -$15.60 per diluted share. Gross margin was 74.8% and operating margin was 2.0%. Operating activities generated $25.8M of cash, leaving $24.4M of free cash flow. At fiscal year end, Upland Software held $413.2M in total assets against $332.5M in total liabilities, including $29.4M of cash and equivalents.
Open the full interactive Upland Software financials → Quarterly statements, key ratios, valuation history and price charts.
Upland Software Key Stats
| Share Price | $3.12 |
|---|---|
| Market Cap | $9.2M |
| Revenue YoY Growth | -21.1% |
| 52-Week Range | $3.12 – $25.20 |
| Shares Outstanding | 2.9 million (basic, 2026 Q2) |
Upland Software Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $291.8M | $302.0M | $317.3M | $297.9M | $274.8M | $216.9M |
| Cost of Goods Sold | $98.4M | $99.5M | $103.7M | $96.4M | $81.1M | $54.8M |
| Gross Profit | $193.3M | $202.6M | $213.6M | $201.5M | $193.7M | $162.1M |
| Operating Income | -$23.8M | -$34.7M | -$40.2M | -$163.9M | -$102.3M | $4.4M |
| Pre-Tax Income | -$55.5M | -$66.6M | -$70.2M | -$182.4M | -$110.1M | -$38.7M |
| Income Tax | -$4.2M | -$8.3M | -$1.7M | -$2.5M | $2.6M | $232,000 |
| Net Income | -$51.2M | -$58.2M | -$68.4M | -$179.9M | -$112.7M | -$38.9M |
| Diluted EPS | -$19.20 | -$19.20 | -$22.30 | -$57.70 | -$42.60 | -$15.60 |
Upland Software Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $50.5M | $49.3M | $48.7M | $49.1M |
| Net Income | -$1.1M | $1.1M | -$1.2M | -$35.3M |
| Diluted EPS | -$0.90 | $0.04 | -$0.90 | -$12.53 |
Upland Software Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $250.0M | $189.2M | $248.7M | $236.6M | $56.4M | $29.4M |
| Current Assets | $317.5M | $263.0M | $321.3M | $300.2M | $118.4M | $75.3M |
| Total Assets | $1.01B | $1.03B | $1.11B | $870.0M | $529.5M | $413.2M |
| Current Liabilities | $121.4M | $156.4M | $151.2M | $130.6M | $120.4M | $93.8M |
| Total Long-Term Debt | $521.6M | $518.3M | $515.0M | $476.7M | $290.2M | $232.4M |
| Total Liabilities | $704.6M | $712.7M | $692.3M | $626.1M | $424.6M | $332.5M |
| Shareholders' Equity | $306.6M | $316.3M | $308.9M | $126.3M | -$18.3M | -$48.4M |
Upland Software Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $35.6M | $41.7M | $30.0M | $49.9M | $24.2M | $25.8M |
| Cash From Investing | -$69.0M | -$93.5M | -$63.2M | -$1.2M | -$882,000 | $8.8M |
| Cash From Financing | $107.9M | -$8.2M | $94.2M | -$61.4M | -$202.3M | -$63.4M |
| Free Cash Flow | $34.5M | $40.6M | $29.1M | $48.7M | $23.4M | $24.4M |
Figures from Upland Software's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Upland Software financials page for every line item.
Upland Software Company Profile
| Ticker | UPLD |
|---|---|
| Exchange | Nasdaq |
| Industry | Prepackaged Software (Services) |
| Headquarters | Austin, Texas |
| Incorporated in | Texas |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001505155 |
Frequently Asked Questions
What was Upland Software's revenue in fiscal 2025?
Upland Software (UPLD) reported revenue of $216.9M for fiscal 2025.
What is Upland Software's annual revenue history?
Upland Software's annual revenue by fiscal year: 2020: $291.8M; 2021: $302.0M; 2022: $317.3M; 2023: $297.9M; 2024: $274.8M; 2025: $216.9M.
What was Upland Software's net income in fiscal 2025?
Upland Software reported net income of -$38.9M for fiscal 2025.
What was Upland Software's earnings per share (EPS) in fiscal 2025?
Upland Software's diluted EPS was -$15.60 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Upland Software generate in fiscal 2025?
Upland Software generated $24.4M of free cash flow in fiscal 2025.
What was Upland Software's revenue last quarter?
In its most recent reported quarter (2026 Q2), Upland Software reported revenue of $49.1M.
How much debt does Upland Software have?
Upland Software reported $232.4M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Upland Software are outstanding?
Upland Software reported a weighted average of 2.9 million basic shares outstanding in 2026 Q2.
What is Upland Software's market cap?
Based on its latest closing price, Upland Software (UPLD) has a market capitalization of about $9.2M.
When does Upland Software's fiscal year end?
Upland Software's fiscal year end, as registered with the SEC, is December 31.
Where is Upland Software headquartered?
Upland Software lists its business address in Austin, Texas in its SEC filings.