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Side-by-side financial comparison of Honest Company, Inc. (HNST) and Upland Software, Inc. (UPLD). Click either name above to swap in a different company.

Honest Company, Inc. is the larger business by last-quarter revenue ($78.1M vs $49.3M, roughly 1.6× Upland Software, Inc.). On growth, Honest Company, Inc. posted the faster year-over-year revenue change (-19.7% vs -27.5%). Over the past eight quarters, Honest Company, Inc.'s revenue compounded faster (-8.4% CAGR vs -16.5%).

The Honest Company, Inc. is an American digital-first consumer goods company, based in Los Angeles and founded by actress Jessica Alba, Christopher Gavigan, and Brian Lee. The company had $319 million in 2021 sales, and was valued at roughly $550 million as of February 2022. Carla Vernón, Chief Executive Officer, is one of the first Afro-Latina CEOs of a U.S. publicly traded company. The Honest Company has raised multiple rounds of venture capital, and went public via an initial public offeri...

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.

HNST vs UPLD — Head-to-Head

Bigger by revenue
HNST
HNST
1.6× larger
HNST
$78.1M
$49.3M
UPLD
Growing faster (revenue YoY)
HNST
HNST
+7.8% gap
HNST
-19.7%
-27.5%
UPLD
Faster 2-yr revenue CAGR
HNST
HNST
Annualised
HNST
-8.4%
-16.5%
UPLD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
HNST
HNST
UPLD
UPLD
Revenue
$78.1M
$49.3M
Net Profit
Gross Margin
42.6%
76.5%
Operating Margin
56.6%
14.5%
Net Margin
Revenue YoY
-19.7%
-27.5%
Net Profit YoY
EPS (diluted)
$0.00
$0.01

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
HNST
HNST
UPLD
UPLD
Q1 26
$78.1M
Q4 25
$88.0M
$49.3M
Q3 25
$92.6M
$50.5M
Q2 25
$93.5M
$53.4M
Q1 25
$97.3M
$63.7M
Q4 24
$99.8M
$68.0M
Q3 24
$99.2M
$66.7M
Q2 24
$93.0M
$69.3M
Net Profit
HNST
HNST
UPLD
UPLD
Q1 26
Q4 25
$-23.6M
Q3 25
$758.0K
$-1.1M
Q2 25
$3.9M
$-13.0M
Q1 25
$3.3M
$-25.8M
Q4 24
$-809.0K
Q3 24
$165.0K
$-1.7M
Q2 24
$-4.1M
$-11.4M
Gross Margin
HNST
HNST
UPLD
UPLD
Q1 26
42.6%
Q4 25
15.7%
76.5%
Q3 25
37.3%
76.9%
Q2 25
40.4%
74.8%
Q1 25
38.7%
71.6%
Q4 24
38.8%
70.8%
Q3 24
38.7%
70.5%
Q2 24
38.3%
70.5%
Operating Margin
HNST
HNST
UPLD
UPLD
Q1 26
56.6%
Q4 25
-27.5%
14.5%
Q3 25
0.3%
10.6%
Q2 25
3.1%
-13.2%
Q1 25
2.6%
-1.7%
Q4 24
-1.0%
-2.9%
Q3 24
0.1%
-5.0%
Q2 24
-4.3%
-7.7%
Net Margin
HNST
HNST
UPLD
UPLD
Q1 26
Q4 25
-26.8%
Q3 25
0.8%
-2.2%
Q2 25
4.1%
-24.4%
Q1 25
3.3%
-40.6%
Q4 24
-0.8%
Q3 24
0.2%
-2.6%
Q2 24
-4.4%
-16.5%
EPS (diluted)
HNST
HNST
UPLD
UPLD
Q1 26
$0.00
Q4 25
$-0.21
$0.01
Q3 25
$0.01
$-0.09
Q2 25
$0.03
$-0.51
Q1 25
$0.03
$-0.97
Q4 24
$-0.01
$-0.30
Q3 24
$0.00
$-0.12
Q2 24
$-0.04
$-0.47

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HNST
HNST
UPLD
UPLD
Cash + ST InvestmentsLiquidity on hand
$90.4M
$29.4M
Total DebtLower is stronger
$232.4M
Stockholders' EquityBook value
$169.1M
$-48.4M
Total Assets
$214.9M
$413.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HNST
HNST
UPLD
UPLD
Q1 26
$90.4M
Q4 25
$89.6M
$29.4M
Q3 25
$71.5M
$22.8M
Q2 25
$72.1M
$41.0M
Q1 25
$72.8M
$33.7M
Q4 24
$75.4M
$56.4M
Q3 24
$53.4M
$59.7M
Q2 24
$36.6M
$232.4M
Total Debt
HNST
HNST
UPLD
UPLD
Q1 26
Q4 25
$232.4M
Q3 25
Q2 25
Q1 25
Q4 24
$290.2M
Q3 24
Q2 24
Stockholders' Equity
HNST
HNST
UPLD
UPLD
Q1 26
$169.1M
Q4 25
$169.7M
$-48.4M
Q3 25
$190.2M
$-47.3M
Q2 25
$187.0M
$-42.4M
Q1 25
$180.4M
$-37.8M
Q4 24
$174.3M
$-18.3M
Q3 24
$133.9M
$907.0K
Q2 24
$129.7M
$6.5M
Total Assets
HNST
HNST
UPLD
UPLD
Q1 26
$214.9M
Q4 25
$225.4M
$413.2M
Q3 25
$241.5M
$409.1M
Q2 25
$249.0M
$441.7M
Q1 25
$265.3M
$457.0M
Q4 24
$247.4M
$529.5M
Q3 24
$209.2M
$554.9M
Q2 24
$200.2M
$739.9M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HNST
HNST
UPLD
UPLD
Operating Cash FlowLast quarter
$7.3M
Free Cash FlowOCF − Capex
$7.2M
FCF MarginFCF / Revenue
14.7%
Capex IntensityCapex / Revenue
0.6%
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$24.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HNST
HNST
UPLD
UPLD
Q1 26
Q4 25
$19.3M
$7.3M
Q3 25
$-504.0K
$6.9M
Q2 25
$-745.0K
$3.3M
Q1 25
$-2.9M
$8.3M
Q4 24
$-16.8M
$9.3M
Q3 24
$15.1M
$4.3M
Q2 24
$2.9M
$5.5M
Free Cash Flow
HNST
HNST
UPLD
UPLD
Q1 26
Q4 25
$18.1M
$7.2M
Q3 25
$-624.0K
$6.7M
Q2 25
$-826.0K
$2.7M
Q1 25
$-3.0M
$7.9M
Q4 24
$-17.2M
$9.0M
Q3 24
$15.0M
$4.2M
Q2 24
$2.9M
$5.2M
FCF Margin
HNST
HNST
UPLD
UPLD
Q1 26
Q4 25
20.5%
14.7%
Q3 25
-0.7%
13.2%
Q2 25
-0.9%
5.0%
Q1 25
-3.1%
12.4%
Q4 24
-17.2%
13.3%
Q3 24
15.1%
6.3%
Q2 24
3.1%
7.5%
Capex Intensity
HNST
HNST
UPLD
UPLD
Q1 26
0.6%
Q4 25
1.4%
0.2%
Q3 25
0.1%
0.4%
Q2 25
0.1%
1.2%
Q1 25
0.1%
0.7%
Q4 24
0.3%
0.5%
Q3 24
0.1%
0.2%
Q2 24
0.0%
0.4%
Cash Conversion
HNST
HNST
UPLD
UPLD
Q1 26
Q4 25
Q3 25
-0.66×
Q2 25
-0.19×
Q1 25
-0.90×
Q4 24
Q3 24
91.42×
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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