Upland Software, Inc.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $216.9M | $274.8M | $297.9M | $317.3M | $302.0M |
| Gross profit | $162.1M | $193.7M | $201.5M | $213.6M | $202.6M |
| Operating income | $4.4M | -$102.3M | -$163.9M | -$40.2M | -$34.7M |
| Operating expenses | $157.7M | $296.0M | $365.4M | $253.8M | $237.2M |
| Cost of revenue | $54.8M | $81.1M | $96.4M | $103.7M | $99.5M |
| Cash from operations | $25.8M | $24.2M | $49.9M | $30.0M | $41.7M |
| Capital expenditure | $1.4M | $882,000 | $1.2M | $866,000 | $1.1M |
| Free cash flow | $24.4M | $23.4M | $48.7M | $29.1M | $40.6M |
| Share repurchases | $137,000 | $10.8M | $14.2M | — | — |
| Impairments | $0 | $87.2M | $128.8M | $12.5M | $0 |
| Total assets | $413.2M | $529.5M | $870.0M | $1.1B | $1.0B |
| Total liabilities | $332.5M | $424.6M | $626.1M | $692.3M | $712.7M |
| Total debt | $238.5M | $293.6M | $482.1M | $522.5M | $527.9M |
Shares outstanding 29.4M · Free float 46.7%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.