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

Upland Software, Inc. is the larger business by last-quarter revenue ($49.3M vs $39.3M, roughly 1.3× NIP Group Inc.).

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.

NIPG vs UPLD — Head-to-Head

Bigger by revenue
UPLD
UPLD
1.3× larger
UPLD
$49.3M
$39.3M
NIPG

Income Statement — Q2 FY2024 vs Q4 FY2025

Metric
NIPG
NIPG
UPLD
UPLD
Revenue
$39.3M
$49.3M
Net Profit
$-4.7M
Gross Margin
6.0%
76.5%
Operating Margin
-13.0%
14.5%
Net Margin
-11.9%
Revenue YoY
-27.5%
Net Profit YoY
EPS (diluted)
$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
NIPG
NIPG
UPLD
UPLD
Q4 25
$49.3M
Q3 25
$50.5M
Q2 25
$53.4M
Q1 25
$63.7M
Q4 24
$68.0M
Q3 24
$66.7M
Q2 24
$39.3M
$69.3M
Q1 24
$70.7M
Net Profit
NIPG
NIPG
UPLD
UPLD
Q4 25
Q3 25
$-1.1M
Q2 25
$-13.0M
Q1 25
$-25.8M
Q4 24
Q3 24
$-1.7M
Q2 24
$-4.7M
$-11.4M
Q1 24
$-96.1M
Gross Margin
NIPG
NIPG
UPLD
UPLD
Q4 25
76.5%
Q3 25
76.9%
Q2 25
74.8%
Q1 25
71.6%
Q4 24
70.8%
Q3 24
70.5%
Q2 24
6.0%
70.5%
Q1 24
70.2%
Operating Margin
NIPG
NIPG
UPLD
UPLD
Q4 25
14.5%
Q3 25
10.6%
Q2 25
-13.2%
Q1 25
-1.7%
Q4 24
-2.9%
Q3 24
-5.0%
Q2 24
-13.0%
-7.7%
Q1 24
-129.6%
Net Margin
NIPG
NIPG
UPLD
UPLD
Q4 25
Q3 25
-2.2%
Q2 25
-24.4%
Q1 25
-40.6%
Q4 24
Q3 24
-2.6%
Q2 24
-11.9%
-16.5%
Q1 24
-135.9%
EPS (diluted)
NIPG
NIPG
UPLD
UPLD
Q4 25
$0.01
Q3 25
$-0.09
Q2 25
$-0.51
Q1 25
$-0.97
Q4 24
$-0.30
Q3 24
$-0.12
Q2 24
$-0.47
Q1 24
$-3.37

Balance Sheet & Financial Strength

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

Metric
NIPG
NIPG
UPLD
UPLD
Cash + ST InvestmentsLiquidity on hand
$6.8M
$29.4M
Total DebtLower is stronger
$3.8M
$232.4M
Stockholders' EquityBook value
$-48.4M
Total Assets
$305.3M
$413.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NIPG
NIPG
UPLD
UPLD
Q4 25
$29.4M
Q3 25
$22.8M
Q2 25
$41.0M
Q1 25
$33.7M
Q4 24
$56.4M
Q3 24
$59.7M
Q2 24
$6.8M
$232.4M
Q1 24
$231.6M
Total Debt
NIPG
NIPG
UPLD
UPLD
Q4 25
$232.4M
Q3 25
Q2 25
Q1 25
Q4 24
$290.2M
Q3 24
Q2 24
$3.8M
Q1 24
Stockholders' Equity
NIPG
NIPG
UPLD
UPLD
Q4 25
$-48.4M
Q3 25
$-47.3M
Q2 25
$-42.4M
Q1 25
$-37.8M
Q4 24
$-18.3M
Q3 24
$907.0K
Q2 24
$6.5M
Q1 24
$20.1M
Total Assets
NIPG
NIPG
UPLD
UPLD
Q4 25
$413.2M
Q3 25
$409.1M
Q2 25
$441.7M
Q1 25
$457.0M
Q4 24
$529.5M
Q3 24
$554.9M
Q2 24
$305.3M
$739.9M
Q1 24
$754.9M

Cash Flow & Capital Efficiency

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

Metric
NIPG
NIPG
UPLD
UPLD
Operating Cash FlowLast quarter
$7.3M
Free Cash FlowOCF − Capex
$7.2M
FCF MarginFCF / Revenue
14.7%
Capex IntensityCapex / Revenue
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
NIPG
NIPG
UPLD
UPLD
Q4 25
$7.3M
Q3 25
$6.9M
Q2 25
$3.3M
Q1 25
$8.3M
Q4 24
$9.3M
Q3 24
$4.3M
Q2 24
$5.5M
Q1 24
$5.1M
Free Cash Flow
NIPG
NIPG
UPLD
UPLD
Q4 25
$7.2M
Q3 25
$6.7M
Q2 25
$2.7M
Q1 25
$7.9M
Q4 24
$9.0M
Q3 24
$4.2M
Q2 24
$5.2M
Q1 24
$4.9M
FCF Margin
NIPG
NIPG
UPLD
UPLD
Q4 25
14.7%
Q3 25
13.2%
Q2 25
5.0%
Q1 25
12.4%
Q4 24
13.3%
Q3 24
6.3%
Q2 24
7.5%
Q1 24
7.0%
Capex Intensity
NIPG
NIPG
UPLD
UPLD
Q4 25
0.2%
Q3 25
0.4%
Q2 25
1.2%
Q1 25
0.7%
Q4 24
0.5%
Q3 24
0.2%
Q2 24
0.4%
Q1 24
0.3%

Financial Flow Comparison

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

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