Upland Software, Inc. income statement
In fiscal 2025, Upland Software, Inc. reported revenue of $217m, down 21.1% on the year before, operating income of $4.4m (a 2.0% margin) and net income of −$38.9m, or −$1.56 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 23 | 41 | 65 | 70 | 75 | 98 | 150 | 223 | 292 | 302 | 317 | 298 | 275 | 217 | 198 |
| Cost of revenue | — | — | — | — | 28 | 34 | 49 | 69 | 98 | 99 | 104 | 96 | 81 | 55 | 47 |
| Gross profit | 15 | 28 | 41 | 43 | 47 | 64 | 101 | 154 | 193 | 203 | 214 | 201 | 194 | 162 | 151 |
| Research and development | 5 | 10 | 26 | 16 | 15 | 16 | 21 | 29 | 39 | 43 | 46 | 49 | 47 | 37 | 31 |
| Selling and marketing | 6 | 11 | 15 | 13 | 12 | 15 | 21 | 35 | 46 | 55 | 59 | 64 | 66 | 44 | 39 |
| General and administrative | 5 | 7 | 14 | 18 | 18 | 23 | 32 | 48 | 68 | 77 | 70 | 61 | 49 | 38 | 34 |
| Operating income | −4 | −5 | −18 | −10 | −9 | −11 | −6 | −24 | −24 | −35 | −40 | −164 | −102 | 4 | −12 |
| Interest expense | — | — | — | — | — | — | — | — | — | — | 29 | 19 | 9 | — | — |
| Net interest income | −1 | −3 | −2 | −2 | −3 | −7 | −13 | −22 | −32 | −32 | −29 | −19 | — | — | — |
| Income before tax | −4 | −8 | −20 | −13 | −12 | −17 | −21 | −52 | −55 | −67 | −70 | −182 | −110 | −39 | −33 |
| Income tax | −0 | 1 | −0 | 1 | 2 | 1 | −10 | −7 | −4 | −8 | −2 | −2 | 3 | 0 | 4 |
| Net income | −3 | −9 | −20 | −14 | −14 | −19 | −11 | −45 | −51 | −58 | −68 | −180 | −113 | −39 | −37 |
| Diluted EPS | −$0.28 | −$0.65 | −$1.48 | −$0.91 | −$0.82 | −$1.02 | −$0.54 | −$1.96 | −$1.92 | −$1.92 | −$2.23 | −$5.77 | −$4.26 | −$1.56 | — |
| Diluted shares (average) | 9m | 14m | 15m | 15m | 16m | 18m | 20m | 23m | 27m | 30m | 32m | 32m | 28m | 29m | — |
| EBITDA | −1 | 1 | −11 | −2 | 1 | 1 | 16 | 10 | 23 | 18 | 16 | −92 | −47 | 37 | 13 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 67 | 68 | 64 | 53 | 51 | 49 | 49 | 49 |
| Cost of revenue | 20 | 20 | 18 | 13 | 12 | 12 | 12 | 12 |
| Gross profit | 47 | 48 | 46 | 40 | 39 | 38 | 37 | 37 |
| Research and development | 11 | 11 | 12 | 10 | 8 | 7 | 8 | 8 |
| Selling and marketing | 16 | 16 | 14 | 11 | 10 | 10 | 9 | 10 |
| General and administrative | 11 | 11 | 12 | 10 | 9 | 7 | 9 | 9 |
| Operating income | −3 | −2 | −1 | −7 | 5 | 7 | 5 | −30 |
| Interest expense | −2 | 1 | 2 | 4 | — | — | — | — |
| Income before tax | −1 | −2 | −27 | −13 | −1 | 3 | −0 | −34 |
| Income tax | 1 | 1 | −1 | −0 | −0 | 2 | 1 | 1 |
| Net income | −2 | −3 | −26 | −13 | −1 | 1 | −1 | −35 |
| Diluted EPS | −$1.20 | −$0.19 | −$0.97 | −$5.08 | −$0.90 | $0.00 | −$0.90 | −$12.53 |
| EBITDA | 8 | 12 | 9 | −0 | 12 | 14 | 12 | −24 |
Compare with peers
- Mitek Systems Inc income statement
- Meridian Holdings Inc. income statement
- Soundhound AI, Inc. income statement
- Kaltura Inc income statement
- I3 Verticals, Inc. income statement
Head to head: MITK vs UPLDMRDN vs UPLDSOUN vs UPLD
More: Application Software stocks compared, Technology sector, rankings of US companies