Upland Software financials
$3.20−2.74%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $216.9M | $274.8M | $297.9M | $317.3M | $302.0M | $291.8M | $222.6M | $149.9M | $98.0M | $74.8M |
| Gross profit | $162.1M | $193.7M | $201.5M | $213.6M | $202.6M | $193.3M | $153.5M | $101.3M | $64.3M | $47.2M |
| Gross margin | 74.8% | 70.5% | 67.6% | 67.3% | 67.1% | 66.3% | 69.0% | 67.6% | 65.6% | 63.1% |
| Operating income | $4.4M | -$102.3M | -$163.9M | -$40.2M | -$13.4M | -$23.8M | -$24.3M | -$5.6M | -$11.1M | -$8.5M |
| Net income | -$44.8M | -$118.3M | -$185.2M | -$70.3M | -$58.2M | -$51.2M | -$45.4M | -$10.8M | -$18.7M | -$13.5M |
| Net margin | −20.6% | −43.1% | −62.2% | −22.1% | −19.3% | −17.6% | −20.4% | −7.2% | −19.1% | −18.1% |
| Diluted EPS | $-15.60 | $-42.60 | $-57.70 | $-22.30 | $-19.20 | $-19.20 | $-19.60 | $-5.40 | $-10.20 | $-8.20 |
| EBITDA | $47.2M | $52.1M | $50.0M | $62.2M | $48.4M | $55.1M | $50.0M | $34.5M | $15.9M | $6.9M |
| Operating cash flow | $25.8M | $24.2M | $49.9M | $30.0M | $41.7M | $35.6M | $12.1M | $7.3M | $7.7M | $3.9M |
| Free cash flow | $24.4M | $23.4M | $48.7M | $29.1M | $40.6M | $34.5M | $11.0M | $6.4M | $7.3M | $3.2M |
| Diluted shares | 2.9M | 2.8M | 3.2M | 3.2M | 3.0M | 2.7M | 2.3M | 2.0M | 1.8M | 1.6M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $29.4M | $56.4M | $236.6M | $248.7M | $189.2M | $250.0M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $232.4M | $290.2M | $476.7M | $515.0M | $518.3M | $522.0M |
| Total assets | $413.2M | $529.5M | $870.0M | $1.11B | $1.03B | $1.01B |
| Total liabilities | $332.5M | $424.6M | $626.1M | $692.3M | $712.7M | $704.6M |
| Shareholders' equity | -$48.4M | -$18.3M | $126.3M | $308.9M | $316.3M | $306.6M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology