Upland Software (UPLD) Financial Statements & Analysis

Upland Software (UPLD) Income Statement

Upland Software reported revenue of $216.88M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 21.1% from $274.79M a year earlier. Upland Software posted a net loss of $38.90M, compared with a net loss of $118.32M a year earlier. Gross margin was 62.4% and operating margin 7.7%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $49.14M, down 7.9% from the same quarter a year earlier.

Upland Software Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Upland Software, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	216.88	274.79	297.85	317.30	302.02	291.78	222.64	149.89	97.95
Cost of Revenue	81.61	81.09	96.36	103.74	99.45	98.45	69.12	48.59	33.65
Gross Profit	135.27	193.70	201.49	213.56	202.56	193.33	153.52	101.30	64.31
Operating Expenses
Research & Development	36.51	47.37	49.38	46.19	42.69	39.00	29.04	21.32	15.80
Selling, General & Administrative	82.14	115.76	125.61	129.88	125.70	114.15	83.25	52.98	38.60
Operating Expenses	118.65	296.00	365.41	253.79	237.24	190.07	177.83	88.16	60.35
Operating Income	16.62	-102.30	-163.92	-40.23	-34.68	3.26	-24.31	-4.70	-11.14
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	15.79	-8.94	-18.68	29.15	-31.63	-31.53	22.31	13.27	6.58
Other Income/Expense	-55.29	-7.80	-18.45	-29.93	-31.88	-0.31	-27.87	-15.05	-6.29
Income
Income Before Tax	-38.67	-110.09	-182.37	-70.15	-66.56	-55.45	-52.18	-19.76	-17.43
Income Tax Expense	0.23	2.64	-2.49	-1.74	-8.34	-4.23	-6.81	-9.81	1.30
Net Income	-38.90	-118.32	-185.22	-68.41	-58.21	-51.22	-45.37	-9.95	-18.73
Net Income - Continuous Operations	-38.90	-112.73	-179.87	-68.41	-58.21	-51.22	-45.37	-9.95	-18.73
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	9.25	39.94	39.88	15.14	45.79	50.43	4.76	13.57	0.53
EBIT	16.62	-15.05	-32.10	-41.01	-7.14	3.26	-	-	-
Depreciation & Amortization	32.14	54.99	71.99	56.15	52.93	47.16	34.62	21.35	11.91
Earnings Per Share
Basic EPS	-16.00	-43.00	-58.00	-22.00	-19.00	-2.00	-20.00	-5.00	-10.00
Diluted EPS	-16.00	-43.00	-58.00	-22.00	-19.00	-2.00	-20.00	-5.00	-10.00
Basic Shares Outstanding	2.86	2.78	3.21	3.15	3.03	26.63	2.31	2.00	1.84
Diluted Shares Outstanding	2.86	2.78	3.21	3.15	3.03	26.63	2.31	2.00	1.84

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Upland Software Financial Statements

What was Upland Software's revenue in fiscal 2025?

Upland Software reported revenue of $216.88M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 21.1% from $274.79M a year earlier.

Is Upland Software profitable?

No. Upland Software reported a net loss of $38.90M in fiscal 2025. In fiscal 2024 it lost $118.32M.

What is Upland Software's operating margin?

Upland Software's operating income was $16.62M on revenue of $216.88M in fiscal 2025, an operating margin of 7.7%, compared with -37.2% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition