Upland Software, Inc.UPLDEarnings & Financial Report
Upland Software, Inc. is a global provider of cloud-based enterprise work management solutions. It offers products covering project portfolio management, customer engagement, IT service management, and financial automation, serving businesses of all sizes across North America, Europe, and Asia-Pacific in tech, healthcare, and professional services sectors.
Revenue
$63.7M
Gross Profit
$45.6M
Operating Profit
$-1.1M
Net Profit
$-25.8M
Gross Margin
71.6%
Operating Margin
-1.7%
Net Margin
-40.6%
YoY Growth
-10.0%
EPS
$-0.97
Upland Software, Inc. Q1 FY2025 Financial Summary
Upland Software, Inc. reported revenue of $63.7M (down 10.0% YoY) for Q1 FY2025, with a net profit of $-25.8M (up 73.1% YoY) (-40.6% margin). Cost of goods sold was $18.0M, operating expenses totaled $46.7M.
Key Financial Metrics
| Total Revenue | $63.7M |
|---|---|
| Net Profit | $-25.8M |
| Gross Margin | 71.6% |
| Operating Margin | -1.7% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
Upland Software, Inc. Q1 FY2025 revenue of $63.7M breaks down across 2 segments, led by Products at $61.8M (97.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Products | $61.8M | 97.1% |
| Professional Services | $1.9M | 2.9% |
Upland Software, Inc. Revenue by Segment — Quarterly Trend
Upland Software, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Products and Professional Services) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Products | — | — | — | $61.8M |
| Professional Services | — | — | $1.7M | $1.9M |
Upland Software, Inc. Annual Revenue by Year
Upland Software, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $216.9M).
| Year | Annual Revenue |
|---|---|
| 2025 | $216.9M |
| 2024 | $274.8M |
| 2023 | $297.9M |
| 2022 | $317.3M |
Upland Software, Inc. Quarterly Revenue & Net Profit History
Upland Software, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $49.3M | -27.5% | N/A | N/A |
| Q3 FY2025 | $50.5M | -24.2% | $-1.1M | -2.2% |
| Q2 FY2025 | $53.4M | -23.0% | $-13.0M | -24.4% |
| Q1 FY2025 | $63.7M | -10.0% | $-25.8M | -40.6% |
| Q4 FY2024 | $68.0M | -5.8% | N/A | N/A |
| Q3 FY2024 | $66.7M | -10.0% | $-1.7M | -2.6% |
| Q2 FY2024 | $69.3M | -6.9% | $-11.4M | -16.5% |
| Q1 FY2024 | $70.7M | -8.2% | $-96.1M | -135.9% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $70.7M | $69.3M | $66.7M | $68.0M | $63.7M | $53.4M | $50.5M | $49.3M |
| YoY Growth | -8.2% | -6.9% | -10.0% | -5.8% | -10.0% | -23.0% | -24.2% | -27.5% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $754.9M | $739.9M | $554.9M | $529.5M | $457.0M | $441.7M | $409.1M | $413.2M |
| Liabilities | $615.8M | $613.0M | $432.2M | $424.6M | $370.1M | $358.0M | $328.8M | $332.5M |
| Equity | $20.1M | $6.5M | $907000 | $-18.3M | $-37.8M | $-42.4M | $-47.3M | $-48.4M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $5.1M | $5.5M | $4.3M | $9.3M | $8.3M | $3.3M | $6.9M | $7.3M |