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Stocks · Technology · Services-Prepackaged Software

Upland Software, Inc.

UPLD Clue Score36
United States Fiscal year ends December CIK 0001505155
$3.60 +1.41% Close, 9 Oct 2026
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Price $3.60 −88.94% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue74.8Operating income−8.5Net income−13.5Fiscal year 2017Revenue98.0 +31.0%Operating income−11.1Net income−18.7Fiscal year 2018Revenue149.9 +53.0%Operating income−5.6Net income−10.8Fiscal year 2019Revenue222.6 +48.5%Operating income−24.3Net income−45.4EPS, diluted−1.96Fiscal year 2020Revenue291.8 +31.1%Operating income−23.8Net income−51.2EPS, diluted−1.92Fiscal year 2021Revenue302.0 +3.5%Operating income−34.7Net income−58.2EPS, diluted−1.92Fiscal year 2022Revenue317.3 +5.1%Operating income−40.2Net income−68.4EPS, diluted−2.23Fiscal year 2023Revenue297.9 −6.1%Operating income−163.9Net income−179.9EPS, diluted−5.77Fiscal year 2024Revenue274.8 −7.7%Operating income−102.3Net income−112.7EPS, diluted−4.26Fiscal year 2025Revenue216.9 −21.1%Operating income4.4Net income−38.9EPS, diluted−1.56
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 74.8 98.0 149.9 222.6 291.8 302.0 317.3 297.9 274.8 216.9
Growth +31.0% +53.0% +48.5% +31.1% +3.5% +5.1% −6.1% −7.7% −21.1%
Operating income −8.5 −11.1 −5.6 −24.3 −23.8 −34.7 −40.2 −163.9 −102.3 4.4
Net income −13.5 −18.7 −10.8 −45.4 −51.2 −58.2 −68.4 −179.9 −112.7 −38.9
Growth
EPS, diluted n/a n/a n/a −1.96 −1.92 −1.92 −2.23 −5.77 −4.26 −1.56
Growth

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin63.1%Operating margin−11.4%Net margin−18.1%Free cash flow margin4.3%Fiscal year 2017Gross margin65.6%Operating margin−11.4%Net margin−19.1%Free cash flow margin7.5%Fiscal year 2018Gross margin67.6%Operating margin−3.7%Net margin−7.2%Free cash flow margin4.3%Fiscal year 2019Gross margin69.0%Operating margin−10.9%Net margin−20.4%Free cash flow margin5.0%Fiscal year 2020Gross margin66.3%Operating margin−8.2%Net margin−17.6%Free cash flow margin11.8%Fiscal year 2021Gross margin67.1%Operating margin−11.5%Net margin−19.3%Free cash flow margin13.5%Fiscal year 2022Gross margin67.3%Operating margin−12.7%Net margin−21.6%Free cash flow margin9.2%Fiscal year 2023Gross margin67.6%Operating margin−55.0%Net margin−60.4%Free cash flow margin16.4%Fiscal year 2024Gross margin70.5%Operating margin−37.2%Net margin−41.0%Free cash flow margin8.5%Fiscal year 2025Gross margin74.8%Operating margin2.0%Net margin−17.9%Free cash flow margin11.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 63.1% 65.6% 67.6% 69.0% 66.3% 67.1% 67.3% 67.6% 70.5% 74.8%
Operating margin −11.4% −11.4% −3.7% −10.9% −8.2% −11.5% −12.7% −55.0% −37.2% 2.0%
Net margin −18.1% −19.1% −7.2% −20.4% −17.6% −19.3% −21.6% −60.4% −41.0% −17.9%
Free cash flow margin 4.3% 7.5% 4.3% 5.0% 11.8% 13.5% 9.2% 16.4% 8.5% 11.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow3.9Capital expenditure−0.7Free cash flow3.2Fiscal year 2017Operating cash flow7.7Capital expenditure−0.4Free cash flow7.3 +128.4%Fiscal year 2018Operating cash flow7.3Capital expenditure−0.9Free cash flow6.4 −12.4%Fiscal year 2019Operating cash flow12.1Capital expenditure−1.0Free cash flow11.0 +72.1%Fiscal year 2020Operating cash flow35.6Capital expenditure−1.1Free cash flow34.5 +212.7%Fiscal year 2021Operating cash flow41.7Capital expenditure−1.1Free cash flow40.6 +17.7%Fiscal year 2022Operating cash flow30.0Capital expenditure−0.9Free cash flow29.1 −28.3%Fiscal year 2023Operating cash flow49.9Capital expenditure−1.2Free cash flow48.7 +67.4%Fiscal year 2024Operating cash flow24.2Capital expenditure−0.9Free cash flow23.4 −52.1%Fiscal year 2025Operating cash flow25.8Capital expenditure−1.4Free cash flow24.4 +4.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 3.9 7.7 7.3 12.1 35.6 41.7 30.0 49.9 24.2 25.8
Capital expenditure −0.7 −0.4 −0.9 −1.0 −1.1 −1.1 −0.9 −1.2 −0.9 −1.4
Free cash flow 3.2 7.3 6.4 11.0 34.5 40.6 29.1 48.7 23.4 24.4
Growth +128.4% −12.4% +72.1% +212.7% +17.7% −28.3% +67.4% −52.1% +4.7%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash28.8Total debt47.9Net cash (debt)−19.2Shareholders’ equity59.0Debt to equity0.81Fiscal year 2017Cash22.3Total debt111.1Net cash (debt)−88.8Shareholders’ equity91.4Debt to equity1.22Fiscal year 2018Cash16.7Total debt279.7Net cash (debt)−263.0Shareholders’ equity87.3Debt to equity3.20Fiscal year 2019Cash175.0Total debt525.1Net cash (debt)−350.1Shareholders’ equity212.9Debt to equity2.47Fiscal year 2020Cash250.0Total debt521.6Net cash (debt)−271.6Shareholders’ equity306.6Debt to equity1.70Fiscal year 2021Cash189.2Total debt518.3Net cash (debt)−329.2Shareholders’ equity316.3Debt to equity1.64Fiscal year 2022Cash248.7Total debt515.0Net cash (debt)−266.3Shareholders’ equity308.9Debt to equity1.67Fiscal year 2023Cash236.6Total debt476.7Net cash (debt)−240.1Shareholders’ equity126.3Debt to equity3.77Fiscal year 2024Cash56.4Total debt290.2Net cash (debt)−233.8Shareholders’ equity−18.3Fiscal year 2025Cash29.4Total debt232.4Net cash (debt)−203.0Shareholders’ equity−48.4
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 28.8 22.3 16.7 175.0 250.0 189.2 248.7 236.6 56.4 29.4
Total debt 47.9 111.1 279.7 525.1 521.6 518.3 515.0 476.7 290.2 232.4
Net cash (debt) −19.2 −88.8 −263.0 −350.1 −271.6 −329.2 −266.3 −240.1 −233.8 −203.0
Shareholders’ equity 59.0 91.4 87.3 212.9 306.6 316.3 308.9 126.3 −18.3 −48.4
Debt to equity 0.81 1.22 3.20 2.47 1.70 1.64 1.67 3.77 n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Cash flow

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Operations
3.9 7.7 7.3 12.1 35.6 41.7 30.0 49.9 24.2 25.8
Growth +99.1% −4.8% +64.4% +195.0% +17.2% −28.2% +66.6% −51.5% +6.4%
9.8 11.9 21.3 34.6 47.2 52.9 56.1 72.0 55.0 32.1
Investment
−0.7 −0.4 −0.9 −1.0 −1.1 −1.1 −0.9 −1.2 −0.9 −1.4
calc 3.2 7.3 6.4 11.0 34.5 40.6 29.1 48.7 23.4 24.4
Growth +128.4% −12.4% +72.1% +212.7% +17.7% −28.3% +67.4% −52.1% +4.7%
calc n/a n/a n/a 0.48 1.30 1.34 0.92 1.52 0.84 0.85
−13.2 −110.8 −161.7 −217.8 −69.0 −93.5 −63.2 −1.2 −0.9 8.8
Financing
19.5 96.2 149.9 363.8 107.9 −8.2 94.2 −61.4 −202.3 −63.4

Lines marked calc are worked out here from filed figures; point at one for how. Capital expenditure, dividends and buybacks are shown as money out, so negative.