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NASDAQ · SERVICES-PREPACKAGED SOFTWARE · SMALL CAP

Upland Software, Inc. UPLD

14 fiscal years on record · USD · FY2025 reported · SEC filings only
$216.9M
▼ 21.1% YoY
$-38.9M
$24.4M
▲ 4.7% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Upland Software, Inc. provides AI-powered knowledge and content management software. The company services customers of varying size, from large global corporations and government agencies to small and medium-sized businesses, and has more than 1,100 enterprise customers, with no customer representing more than 10% of its revenue. As of December 31, 2025, the company had 760 full-time employees, with the majority located in the United States, Canada, India, the United Kingdom, and Australia. Upland organizes its solutions around two business functions: Knowledge Management solutions that help organizations capture, organize and distribute information to employees and customers through AI-driven search and content recommendations, and Content Lifecycle and Workflow Automation solutions that support document management, compliance and process efficiency across various industries. The company was incorporated in Delaware in 2010 and maintains its principal executive offices in Austin, Texas.

Written from the business description in Upland Software, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 3 March 2026. Every sentence was checked against that document before publication.

Growth

USD 216.9M
Revenue, FY2025 · full 14-year series below
Revenue $M Net income $M
FY2025 · Revenue 216.9 · Net income -38.9
150M300M-100M-200M
201220152018202120242025
Compound annual growth
−11.9%
−5.8%
+12.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −5.8% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−18 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating 2.0% · Net -17.9%
-20%-40%-60%
201220182025
ROE
FY2023 · ROE -82.7%
-50%
201220182025
Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.

Return on equity has no reading this year — return on capital employed, just below, still does: 1%.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 24.4
20M40M
201220182025

Total assetsUSD 413.2M
EquityUSD -48.4M
CashUSD 29.4M
Gross debtUSD 232.4M
Net debtUSD 203.0M
Current ratio0.80×

Equity was zero or negative — liabilities equaled or exceeded assets. No ratio is shown.

The 14-year record

14 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
UPLD, 14-year financial record
Metric 20252024202320222021202020192018201720162015201420132012
Revenue $B0.20.30.30.30.30.30.20.10.10.10.10.10.00.0
Operating income $B0.0−0.1−0.2−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EBITDA $B0.0−0.0−0.10.00.00.00.00.00.00.0−0.0−0.00.0−0.0
Income tax $B0.00.0−0.0−0.0−0.0−0.0−0.0−0.00.00.00.0−0.00.0−0.0
Net income $B−0.0−0.1−0.2−0.1−0.1−0.1−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B0.00.00.00.00.00.00.00.00.00.0−0.00.0−0.00.0
EPS, diluted $−1.56−4.26−5.77−2.23−1.92−1.92−1.96−0.54−1.02−0.82−0.91−4.43−7.77−3.39
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend——————————————
ROE %——−82.7−21.9−18.7−19.7−30.2−12.1−24.9−22.7−20.8———
Shares out B0.030.030.030.030.030.030.030.020.020.020.020.020.00◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 68 reconciliationsAUDITED

Reconciled in 14 of the 14 fiscal years we could check. 12 checks were skipped: the balance sheet is not tagged before 2013. Five checks were skipped: EPS is not tagged before 2012. Five checks were skipped: revenue is not tagged before 2012.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityServices-Prepackaged Software
Listed onNASDAQ
Incorporated inTexas
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2012

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