Saturday 17 October 2026 Export UPLD’s income statement to Excel — free account

Upland Software, Inc.

Upland Software, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $216.9 million, down 21.1% from fiscal 2024. In the quarter to June 2026, revenue fell 7.95%, EPS fell 145.7%, free cash flow grew 99.0% and total debt fell 13.0%, each against the same quarter a year earlier.

3.37 0.56 +19.93%

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Market cap: $8.3M
P/E: 0.0×
Fwd P/E: 10.1×
Dividend yield: —
F-score: 5/9
Altman Z: −1.61
Beneish M: −3.45
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.03

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	1	3	—	—

Insider Ownership 31.63%

Capital & Financial Ratios $m

Market Cap 8.30

Revenue 197.67

Net Income (36.57)

Free Cash Flow 24.72

Net Debt 188.05

Current Ratio 0.87

Debt/Equity (2.45)

P/E ratio 0.00

Fwd P/E 10.10

P/S ratio 0.05

P/B ratio 0.00

Past 5Y EPS Growth —

This Y EPS Growth (27.55%)

Next Y EPS Growth (15.09%)

Next Y revenue growth (10.96%)

Next 5Y EPS Growth (12.76%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 0.44%

10-year low 10-year high

EV/Sales against its own 10 years 1.22%

10-year low 10-year high

EV/FCF against its own 10 years 4.03%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	237	57	30	32
Receivables	45	43	31	27
Inventory	—	—	—	—
Other	—	—	—	—
	300	118	75	70

	2023	2024	2025	Q'26
Payables	8	9	2	2
ST’ Debt	—	—	—	—
Other	—	—	—	—
	131	120	94	80

Compound Annual Growth %

	10y	5y	3y
Sales	11.99%	(5.76%)	(11.91%)
Cash Flow	0.00%	(6.25%)	(4.88%)
Earnings	0.00%	0.00%	0.00%
Book Value	0.00%	0.00%	0.00%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	49	49	—	—	—
’25	64	53	51	49	217
’24	71	69	67	68	275
’23	77	74	74	72	298
’22	79	80	80	79	317
’21	74	76	76	76	302
’20	68	71	74	78	292

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	6	5	—	—	—
’25	8	3	7	7	26
’24	5	5	4	9	24
’23	16	7	18	9	50
’22	8	14	2	6	30
’21	13	11	5	13	42
’20	(5)	1	19	21	36

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	6	5	—	—	—
’25	8	3	7	7	24
’24	5	5	4	9	23
’23	16	7	18	9	49
’22	8	14	1	6	29
’21	12	11	5	13	41
’20	(6)	0	19	21	34

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.90)	(12.53)	—	—	—
’25	(9.70)	(5.10)	(0.90)	(0.10)	(15.60)
’24	(33.70)	(4.70)	(1.20)	(1.80)	(42.60)
’23	(43.80)	(5.10)	(3.10)	(5.60)	(57.70)
’22	(7.30)	(5.20)	(2.20)	(7.50)	(22.30)
’21	(6.90)	(6.30)	(3.60)	(2.40)	(19.20)
’20	(8.10)	(5.70)	(4.20)	(1.90)	(19.20)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	59.50	88.50	209.50	260.86	207.50	173.50	62.58	24.25	17.90	13.90	Analyst estimates 2026–2028 Powerpack
	High	106.00	255.59	383.00	548.70	514.80	530.00	216.20	97.10	56.40	49.80
People
People	Employees	251	375	667	832	810	865	1,006	1,061	998	760
	Revenue/emp, $m	0.30	0.26	0.22	0.27	0.36	0.35	0.32	0.28	0.28	0.29
Income, $m
Income, $m	Revenue	75	98	150	223	292	302	317	298	275	217
	Gross margin, %	63.13	65.65	67.58	68.96	66.26	67.07	67.31	67.65	70.49	74.75
	EBT	(12)	(17)	(21)	(52)	(55)	(67)	(70)	(182)	(110)	(39)
	EBT margin, %	(16.03)	(17.79)	(13.78)	(23.44)	(19.01)	(22.04)	(22.11)	(61.23)	(40.06)	(17.83)
	Net income	(14)	(19)	(11)	(45)	(51)	(58)	(68)	(180)	(113)	(39)
	Depreciation	10	12	24	38	52	62	81	214	154	43
Per share, $
Per share, $	Revenue	45.39	53.20	75.00	96.38	109.56	99.69	100.64	92.86	98.89	75.79
	Earnings	(8.20)	(10.20)	(5.00)	(19.60)	(19.20)	(19.20)	(22.30)	(57.70)	(42.60)	(15.60)
	Cash flow	2.35	4.19	3.68	5.23	13.37	13.78	9.51	15.57	8.72	9.02
	Capex	(0.65)	(0.24)	(0.47)	(0.75)	(0.49)	(0.37)	(0.27)	(0.38)	(0.32)	(0.47)
	Free cash flow	1.70	3.95	3.21	4.48	12.88	13.41	9.23	15.19	8.41	8.54
	Book value	35.82	49.65	43.68	92.15	115.13	104.40	97.96	39.37	(6.59)	(16.90)
	Shares, m	2	2	2	2	3	3	3	3	3	3
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	1.98	4.04	3.62	3.71	4.19	1.80	0.71	0.46	0.44	0.19
	P/B	2.51	4.33	6.22	3.88	3.99	1.72	0.73	1.07	0.00	0.00
	EV/Sales	2.21	4.92	5.34	5.26	5.11	2.88	1.54	1.25	1.28	1.09
	EV/FCF	59.02	66.88	126.97	113.32	43.45	21.40	16.82	7.65	15.01	9.64
Cash, $m
Cash, $m	Operating cash flow	4	8	7	12	36	42	30	50	24	26
	Capex	(1)	0	(1)	(2)	(1)	(1)	(1)	(1)	(1)	(1)
	Free cash flow	3	7	6	10	34	41	29	49	23	24
Balance, $m
Balance, $m	Working capital	8	(23)	(40)	110	196	107	170	170	(2)	(19)
	Total debt	46	109	274	522	518	515	512	474	287	225
	Net debt	17	87	257	347	268	326	263	237	230	195
	Shareholders’ equity	59	91	87	213	307	316	309	126	(18)	(48)
Returns, %
Returns, %	ROA	(9.90)	(8.67)	(2.84)	(6.58)	(5.37)	(5.71)	(6.56)	(18.68)	(16.91)	(9.49)
	ROIC	(7.01)	(3.91)	(1.02)	(2.71)	(2.59)	(3.37)	(4.40)	(28.20)	(30.21)	1.89
	ROE	(22.66)	(24.90)	(12.13)	(30.23)	(19.72)	(18.69)	(22.48)	(85.13)	(219.14)	134.24

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
MTBLY Moatable, Inc. Sponsored ADR	$8.9M	— (loss-making)	— (loss-making)	+22.41% (above 0%: growing)	n/m	−96.58% (below 0%: shrinking)	74.14%	(7.11%)	Compare
BIYA Baiya International Group Inc.	$8.6M	—	—	—	—	−3,434.08% (below 0%: shrinking)	—	—	Compare
UPLD Upland Software, Inc.	$8.3M	— (loss-making)	10.1×	−7.95% (below 0%: shrinking)	n/m	+98.98% (above 0%: growing)	76.25%	(60.43%)
AMOD Alpha Modus Holdings, Inc.	$8.0M	— (loss-making)	—	—	n/m	−72.95% (below 0%: shrinking)	—	0.00%	Compare
GETR Getaround, Inc.	$8.0M	— (loss-making)	—	−5.93% (below 0%: shrinking)	n/m	−22.69% (below 0%: shrinking)	92.28%	(73.67%)	Compare
MYSE Myseum.AI Inc.	$7.8M	— (loss-making)	—	−100.00% (below 0%: shrinking)	n/m	−8.11% (below 0%: shrinking)	0.00%	0.00%	Compare
NXTT Next Technology Holding Inc.	$7.7M	— (loss-making)	—	−15.91% (below 0%: shrinking)	n/m	0.00%	42.07%	(571.99%)	Compare
INUV Inuvo, Inc	$7.6M	— (loss-making)	3.5×	−66.76% (below 0%: shrinking)	n/m	−867.88% (below 0%: shrinking)	44.17%	(40.37%)	Compare
CYN Cyngn Inc.	$7.4M	— (loss-making)	— (loss-making)	+328.78% (above 0%: growing)	n/m	+27.05% (above 0%: growing)	38.41%	(4,674.05%)	Compare
Median of peers	$7.9M	—	—	−10.92%	—	−47.82%	43.12%	(40.37%)

All 237 Software Application stocks →

Upland Software, Inc. (UPLD) key facts

Concern: Upland Software, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $216.9 million, down 21.1% from fiscal 2024.
Upland Software, Inc. (UPLD) is a Software Application company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, UPLD traded at $3.37, a market capitalization of $8.3 million.
Return on equity was 134.2% and debt-to-equity -2.45.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is −1.61 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.