UPLD (Upland Software, Inc.) Stock Financials & Earnings

UPLDUpland Software, Inc.

Mkt Cap$15M

Technology·Software - Application·🇺🇸 United States·NASDAQ

Revenue (TTM)$217M

Net Income (TTM)-$39M

EPS (TTM)-$1.58

Free Cash Flow (TTM)$24M

Gross Margin74.8%

Op. Margin2.0%

Net Margin-17.9%

FCF Margin11.3%

P/S Ratio (TTM)0.1x

P/E Ratio (TTM)—

YoY Rev Growth-21.1%

Employees—

Earnings Reports

Next: Q1 2026 · Mar 12

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$77M	$52M	-$137M
Q2 23	$74M	$50M	-$9M
Q3 23	$74M	$51M	-$8M
Q4 23	$72M	$48M	-$9M
Q1 24	$71M	$50M	-$92M
Q2 24	$69M	$37M	-$5M
Q3 24	$67M	$47M	-$3M
Q4 24	$68M	$48M	-$2M
Q1 25	$64M	$46M	-$1M
Q2 25	$53M	$40M	-$7M
Q3 25	$51M	$39M	$5M
Q4 25	$49M	$38M	$7M

Revenue Breakdown

Valuation

Operating Cash Flow

Capital Expenditures

CapEx

OpEx vs Revenue Growth (YoY)

Stock-Based Compensation

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 23	$13M	$17M	$14M
Q2 23	$12M	$16M	$16M
Q3 23	$13M	$15M	$17M
Q4 23	$12M	$14M	$17M
Q1 24	$12M	$13M	$17M
Q2 24	$12M	$14M	$17M
Q3 24	$11M	$11M	$16M
Q4 24	$11M	$11M	$16M
Q1 25	$12M	$12M	$14M
Q2 25	$10M	$10M	$11M
Q3 25	$8M	$9M	$10M
Q4 25	$7M	$7M	$10M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 23	-2.1%	-152.5%	-154.6
Q2 23	-7.1%	11.1%	4.0
Q3 23	-6.8%	13.6%	6.8
Q4 23	-8.4%	10.3%	1.9
Q1 24	-8.2%	-110.2%	-118.4
Q2 24	-6.9%	12.4%	5.5
Q3 24	-10.0%	15.7%	5.7
Q4 24	-5.8%	18.9%	13.2
Q1 25	-10.0%	-23.7%	-33.7
Q2 25	-23.0%	-1.7%	-24.7
Q3 25	-24.2%	18.2%	-6.1
Q4 25	-27.5%	21.9%	-5.6

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$258M	$0	$258M
Q2 23	$263M	$0	$263M
Q3 23	$240M	$0	$240M
Q4 23	$237M	$0	$237M
Q1 24	$232M	$0	$232M
Q2 24	$232M	$0	$232M
Q3 24	$60M	$0	$60M
Q4 24	$56M	$0	$56M
Q1 25	$34M	$0	$34M
Q2 25	$41M	$0	$41M
Q3 25	$23M	$0	$23M
Q4 25	$29M	$0	$29M

Shares Outstanding

Revenue Per Employee

Revenue / Employee