Upland Software, Inc. balance sheet

At the end of fiscal 2025, Upland Software, Inc. had total assets of $413m, total liabilities of $332m and shareholders' equity of −$48.4m. It held $29.4m in cash against $240m of debt.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Upland Software, Inc.: balance sheet, annual
Fiscal year	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	4	5	31	18	29	22	17	175	250	189	249	237	56	29	31
Receivables	—	11	15	14	15	27	41	51	44	50	48	39	39	26	20
Total current assets	—	18	48	35	47	52	67	239	318	263	321	300	118	75	70
Goodwill	21	34	45	47	69	155	225	346	384	457	477	354	261	260	223
Total assets	—	95	136	122	151	281	483	897	1,011	1,029	1,113	870	530	413	357
Accounts payable	—	1	2	3	1	4	3	6	5	20	15	8	9	2	2
Deferred revenue (current)	—	17	21	20	24	44	58	77	88	103	106	103	94	75	66
Total current liabilities	—	30	45	34	40	75	108	129	121	156	151	131	120	94	80
Short-term debt	—	5	11	2	2	2	6	3	3	3	3	3	3	8	—
Long-term debt	—	23	12	22	46	109	274	522	518	515	512	474	287	225	220
Total debt	0	34	34	25	50	114	286	539	533	528	522	482	294	240	224
Total liabilities	—	60	64	62	92	190	396	684	705	713	692	626	425	332	314
Shareholders' equity	−4	−16	71	60	59	91	87	213	307	316	309	126	−18	−48	−90
Non-controlling interests and other (assets − liabilities − equity)	—	51	—	—	—	—	—	—	—	—	112	118	123	129	132
Shares outstanding	—	15m	15m	16m	18m	21m	21m	25m	30m	31m	32m	30m	28m	29m	3m

US$ millions unless shown otherwise. Fiscal quarters.

Upland Software, Inc.: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	32	39	26	20	19	26	24	20
Total current assets	118	118	84	83	65	75	74	70
Goodwill	269	261	260	261	259	260	258	223
Total assets	555	530	457	442	409	413	403	357
Accounts payable	9	9	2	3	2	2	2	2
Deferred revenue (current)	93	94	83	72	67	75	74	66
Total current liabilities	119	120	101	90	84	94	87	80
Short-term debt	—	3	—	—	—	8	—	—
Long-term debt	294	287	253	252	229	225	224	220
Total debt	294	290	253	252	229	232	224	220
Total liabilities	432	425	370	358	329	332	324	314
Shareholders' equity	1	−18	−38	−42	−47	−48	−52	−90
Non-controlling interests and other (assets − liabilities − equity)	122	123	125	126	128	129	131	132
Shares outstanding	27m	28m	28m	29m	29m	3m	29m	3m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Upland Software, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Upland Software, Inc.