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

SI-BONE, Inc. is the larger business by last-quarter revenue ($56.3M vs $49.3M, roughly 1.1× Upland Software, Inc.). On growth, SI-BONE, Inc. posted the faster year-over-year revenue change (15.0% vs -27.5%). Upland Software, Inc. produced more free cash flow last quarter ($7.2M vs $440.0K). Over the past eight quarters, SI-BONE, Inc.'s revenue compounded faster (22.0% CAGR vs -16.5%).

Bone Clones, Inc. manufactures, distributes, and sells osteological reproductions of human and animal bones. Located in Chatsworth, California, Bone Clones provides these reproductions to museums, universities, medical schools, and other educational institutions.

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.

SIBN vs UPLD — Head-to-Head

Bigger by revenue
SIBN
SIBN
1.1× larger
SIBN
$56.3M
$49.3M
UPLD
Growing faster (revenue YoY)
SIBN
SIBN
+42.5% gap
SIBN
15.0%
-27.5%
UPLD
More free cash flow
UPLD
UPLD
$6.8M more FCF
UPLD
$7.2M
$440.0K
SIBN
Faster 2-yr revenue CAGR
SIBN
SIBN
Annualised
SIBN
22.0%
-16.5%
UPLD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SIBN
SIBN
UPLD
UPLD
Revenue
$56.3M
$49.3M
Net Profit
$-1.6M
Gross Margin
79.0%
76.5%
Operating Margin
-4.4%
14.5%
Net Margin
-2.9%
Revenue YoY
15.0%
-27.5%
Net Profit YoY
63.4%
EPS (diluted)
$-0.04
$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
SIBN
SIBN
UPLD
UPLD
Q4 25
$56.3M
$49.3M
Q3 25
$48.7M
$50.5M
Q2 25
$48.6M
$53.4M
Q1 25
$47.3M
$63.7M
Q4 24
$49.0M
$68.0M
Q3 24
$40.3M
$66.7M
Q2 24
$40.0M
$69.3M
Q1 24
$37.9M
$70.7M
Net Profit
SIBN
SIBN
UPLD
UPLD
Q4 25
$-1.6M
Q3 25
$-4.6M
$-1.1M
Q2 25
$-6.2M
$-13.0M
Q1 25
$-6.5M
$-25.8M
Q4 24
$-4.5M
Q3 24
$-6.6M
$-1.7M
Q2 24
$-8.9M
$-11.4M
Q1 24
$-10.9M
$-96.1M
Gross Margin
SIBN
SIBN
UPLD
UPLD
Q4 25
79.0%
76.5%
Q3 25
79.8%
76.9%
Q2 25
79.8%
74.8%
Q1 25
79.7%
71.6%
Q4 24
79.1%
70.8%
Q3 24
79.1%
70.5%
Q2 24
79.0%
70.5%
Q1 24
78.9%
70.2%
Operating Margin
SIBN
SIBN
UPLD
UPLD
Q4 25
-4.4%
14.5%
Q3 25
-11.1%
10.6%
Q2 25
-14.4%
-13.2%
Q1 25
-15.8%
-1.7%
Q4 24
-11.2%
-2.9%
Q3 24
-18.9%
-5.0%
Q2 24
-25.2%
-7.7%
Q1 24
-31.8%
-129.6%
Net Margin
SIBN
SIBN
UPLD
UPLD
Q4 25
-2.9%
Q3 25
-9.4%
-2.2%
Q2 25
-12.7%
-24.4%
Q1 25
-13.8%
-40.6%
Q4 24
-9.2%
Q3 24
-16.3%
-2.6%
Q2 24
-22.4%
-16.5%
Q1 24
-28.8%
-135.9%
EPS (diluted)
SIBN
SIBN
UPLD
UPLD
Q4 25
$-0.04
$0.01
Q3 25
$-0.11
$-0.09
Q2 25
$-0.14
$-0.51
Q1 25
$-0.15
$-0.97
Q4 24
$-0.10
$-0.30
Q3 24
$-0.16
$-0.12
Q2 24
$-0.22
$-0.47
Q1 24
$-0.27
$-3.37

Balance Sheet & Financial Strength

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

Metric
SIBN
SIBN
UPLD
UPLD
Cash + ST InvestmentsLiquidity on hand
$42.2M
$29.4M
Total DebtLower is stronger
$35.6M
$232.4M
Stockholders' EquityBook value
$177.5M
$-48.4M
Total Assets
$238.6M
$413.2M
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SIBN
SIBN
UPLD
UPLD
Q4 25
$42.2M
$29.4M
Q3 25
$26.5M
$22.8M
Q2 25
$34.1M
$41.0M
Q1 25
$41.2M
$33.7M
Q4 24
$34.9M
$56.4M
Q3 24
$30.2M
$59.7M
Q2 24
$25.6M
$232.4M
Q1 24
$32.0M
$231.6M
Total Debt
SIBN
SIBN
UPLD
UPLD
Q4 25
$35.6M
$232.4M
Q3 25
$35.5M
Q2 25
$35.5M
Q1 25
$35.5M
Q4 24
$35.5M
$290.2M
Q3 24
$36.2M
Q2 24
$36.1M
Q1 24
$36.1M
Stockholders' Equity
SIBN
SIBN
UPLD
UPLD
Q4 25
$177.5M
$-48.4M
Q3 25
$172.1M
$-47.3M
Q2 25
$170.3M
$-42.4M
Q1 25
$167.3M
$-37.8M
Q4 24
$167.0M
$-18.3M
Q3 24
$165.0M
$907.0K
Q2 24
$164.7M
$6.5M
Q1 24
$165.5M
$20.1M
Total Assets
SIBN
SIBN
UPLD
UPLD
Q4 25
$238.6M
$413.2M
Q3 25
$234.3M
$409.1M
Q2 25
$230.9M
$441.7M
Q1 25
$227.3M
$457.0M
Q4 24
$230.4M
$529.5M
Q3 24
$227.0M
$554.9M
Q2 24
$223.8M
$739.9M
Q1 24
$223.7M
$754.9M
Debt / Equity
SIBN
SIBN
UPLD
UPLD
Q4 25
0.20×
Q3 25
0.21×
Q2 25
0.21×
Q1 25
0.21×
Q4 24
0.21×
Q3 24
0.22×
Q2 24
0.22×
Q1 24
0.22×

Cash Flow & Capital Efficiency

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

Metric
SIBN
SIBN
UPLD
UPLD
Operating Cash FlowLast quarter
$1.7M
$7.3M
Free Cash FlowOCF − Capex
$440.0K
$7.2M
FCF MarginFCF / Revenue
0.8%
14.7%
Capex IntensityCapex / Revenue
2.3%
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-9.1M
$24.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SIBN
SIBN
UPLD
UPLD
Q4 25
$1.7M
$7.3M
Q3 25
$2.3M
$6.9M
Q2 25
$173.0K
$3.3M
Q1 25
$-4.9M
$8.3M
Q4 24
$1.2M
$9.3M
Q3 24
$302.0K
$4.3M
Q2 24
$-6.3M
$5.5M
Q1 24
$-7.6M
$5.1M
Free Cash Flow
SIBN
SIBN
UPLD
UPLD
Q4 25
$440.0K
$7.2M
Q3 25
$-620.0K
$6.7M
Q2 25
$-1.9M
$2.7M
Q1 25
$-7.0M
$7.9M
Q4 24
$-1.1M
$9.0M
Q3 24
$-2.7M
$4.2M
Q2 24
$-9.4M
$5.2M
Q1 24
$-9.7M
$4.9M
FCF Margin
SIBN
SIBN
UPLD
UPLD
Q4 25
0.8%
14.7%
Q3 25
-1.3%
13.2%
Q2 25
-4.0%
5.0%
Q1 25
-14.8%
12.4%
Q4 24
-2.2%
13.3%
Q3 24
-6.8%
6.3%
Q2 24
-23.6%
7.5%
Q1 24
-25.5%
7.0%
Capex Intensity
SIBN
SIBN
UPLD
UPLD
Q4 25
2.3%
0.2%
Q3 25
6.1%
0.4%
Q2 25
4.3%
1.2%
Q1 25
4.4%
0.7%
Q4 24
4.6%
0.5%
Q3 24
7.5%
0.2%
Q2 24
7.8%
0.4%
Q1 24
5.5%
0.3%

Financial Flow Comparison

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

Revenue Breakdown by Segment

SIBN
SIBN

US$53.5M95%
Non Us$2.9M5%

UPLD
UPLD

Segment breakdown not available.

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