Upland Software Inc
uplandsoftware.comWhat Do They Do?
Sells cloud-based software for knowledge management, content and workflow automation, and project and IT management to businesses and government agencies.
10-K for FY2025, filed Mar 3, 2026
How Do They Make Money?
Subscription and support fees mainly pay for access to cloud applications over contract terms, generally one to three years; extra usage is billed monthly. Perpetual software licenses are sold for an upfront fee, while professional services customers pay for implementation and related work as services are performed.
10-K for FY2025, filed Mar 3, 2026Subscription and support revenue. We derive our subscription revenue from fees paid to us by our customers for use of our cloud-based…View ↗
Perpetual license revenue. Perpetual license revenue reflects the revenue recognized from sales of perpetual licenses to new customers and…View ↗
Professional services revenue. Professional services revenue consists of fees related to implementation, data extraction, integration and…View ↗
The Company's software solutions are available for use as hosted application arrangements under subscription fee agreements without…View ↗
-
10-K for FY2025, filed Mar 3, 2026
FY2025 revenue by product or service ↗
$216.9M
-
10-K for FY2025, filed Mar 3, 2026
$216.9M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Subscription and support
Recurring
10-K for FY2025, filed Mar 3, 2026 |
95%
FY2022: 94%
|
Subscription and support, FY2025
$205.1M Sources
|
Recurring |
|
Perpetual license
Licensed
|
2.4%
FY2022: 2.2%
|
Perpetual license, FY2025
$5.3M Sources
|
Licensed |
|
Professional services
|
3.0%
FY2022: 3.9%
|
Professional services, FY2025
$6.5M Sources
|
Who Are Their Customers?
Large global companies, government agencies, and small and medium-sized businesses use Upland applications across many industries. Upland sells mainly through its inside and field sales teams, with strategic-partner alliances as an indirect channel.
10-K for FY2025, filed Mar 3, 2026
Do Revenues Turn Into Profits?
Not on paper. It lost $38.9M in FY2025, but brought in more cash than it spent: $24.4M of free cash flow.
10-K for FY2025, filed Mar 3, 2026
$4.4MView ↗
10-K for FY2025, filed Mar 3, 2026
−$38.9MView ↗
10-K for FY2025, filed Mar 3, 2026
$24.4MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 14, 2026
−$35.3MView ↗
- ▲ +171% (Loss)
- vs −$13M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 14, 2026
Open tableView ↗
-
Aug 14, 2026
Upland issued quarterly and full-year financial forecasts
It forecast full-year revenue of $190.1 to $196.1 million and adjusted EBITDA of $49.8 to $52.8 million.
Sources
8-K, filed Aug 14, 2026
For the full year ending December 31, 2026, Upland expects reported total revenue to be between $190.1 and $196.1 million, including…View ↗
-
Jul 21, 2026
Upland appointed Jennifer Simon as chief financial officer
Simon succeeds retiring CFO Mike Hill, with the appointment effective August 17.
Sources
8-K, filed Jul 21, 2026
On July 17, 2026, the board of directors (the “Board”) of Upland Software, Inc. (the “Company”) appointed Jennifer Simon to serve as Chief…View ↗
-
Mar 13, 2026
Upland replaced its independent auditor
KPMG was appointed for fiscal 2026 after Ernst & Young was dismissed.
Sources
8-K, filed Mar 13, 2026
On March 9, 2026, upon the completion of a comprehensive selection process, the Audit Committee of the Board of Directors of Upland…View ↗
Growth approach
The older report planned to keep acquiring complementary software businesses; the latest says the company has shifted toward organic growth and will consider acquisitions opportunistically.
10-K for FY2022, filed Mar 1, 2023 10-K for FY2025, filed Mar 3, 2026Acquire complementary software businesses. We intend to continue to pursue acquisitions of complementary technologies, products, and…View ↗
Our business strategy includes plans for organic growth, and our financial condition and results of operations could be adversely affected…View ↗
Portfolio pruning
The older report described building a diverse software family through acquisitions; the latest says it divested product lines to streamline and focus the business.
10-K for FY2022, filed Mar 1, 2023 10-K for FY2025, filed Mar 3, 2026Through a series of acquisitions and integrations, we have built a diverse family of software applications under the Upland brand. Our…View ↗
During 2025 we completed divestitures of certain product lines in order to streamline and focus our business. These divestitures had the…View ↗
Loading...
