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Side-by-side financial comparison of Upland Software, Inc. (UPLD) and VIEMED HEALTHCARE, INC. (VMD). Click either name above to swap in a different company.

VIEMED HEALTHCARE, INC. is the larger business by last-quarter revenue ($76.2M vs $49.3M, roughly 1.5× Upland Software, Inc.). On growth, VIEMED HEALTHCARE, INC. posted the faster year-over-year revenue change (25.5% vs -27.5%). VIEMED HEALTHCARE, INC. produced more free cash flow last quarter ($9.7M vs $7.2M). Over the past eight quarters, VIEMED HEALTHCARE, INC.'s revenue compounded faster (22.7% CAGR vs -16.5%).

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.

Viemed Healthcare, Inc. is a medical technology firm specializing in respiratory care solutions. It develops, manufactures and distributes portable ventilators, respiratory therapy devices and related support services, catering to acute care, post-acute care and home care segments across North America, Europe and key Asia-Pacific markets for patients with respiratory conditions.

UPLD vs VMD — Head-to-Head

Bigger by revenue
VMD
VMD
1.5× larger
VMD
$76.2M
$49.3M
UPLD
Growing faster (revenue YoY)
VMD
VMD
+53.0% gap
VMD
25.5%
-27.5%
UPLD
More free cash flow
VMD
VMD
$2.5M more FCF
VMD
$9.7M
$7.2M
UPLD
Faster 2-yr revenue CAGR
VMD
VMD
Annualised
VMD
22.7%
-16.5%
UPLD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
UPLD
UPLD
VMD
VMD
Revenue
$49.3M
$76.2M
Net Profit
$5.6M
Gross Margin
76.5%
57.9%
Operating Margin
14.5%
11.0%
Net Margin
7.4%
Revenue YoY
-27.5%
25.5%
Net Profit YoY
30.7%
EPS (diluted)
$0.01
$0.14

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
UPLD
UPLD
VMD
VMD
Q4 25
$49.3M
$76.2M
Q3 25
$50.5M
$71.9M
Q2 25
$53.4M
$63.1M
Q1 25
$63.7M
$59.1M
Q4 24
$68.0M
$60.7M
Q3 24
$66.7M
$58.0M
Q2 24
$69.3M
$55.0M
Q1 24
$70.7M
$50.6M
Net Profit
UPLD
UPLD
VMD
VMD
Q4 25
$5.6M
Q3 25
$-1.1M
$3.5M
Q2 25
$-13.0M
$3.2M
Q1 25
$-25.8M
$2.6M
Q4 24
$4.3M
Q3 24
$-1.7M
$3.9M
Q2 24
$-11.4M
$1.5M
Q1 24
$-96.1M
$1.6M
Gross Margin
UPLD
UPLD
VMD
VMD
Q4 25
76.5%
57.9%
Q3 25
76.9%
57.5%
Q2 25
74.8%
58.3%
Q1 25
71.6%
56.3%
Q4 24
70.8%
59.5%
Q3 24
70.5%
59.3%
Q2 24
70.5%
59.8%
Q1 24
70.2%
58.9%
Operating Margin
UPLD
UPLD
VMD
VMD
Q4 25
14.5%
11.0%
Q3 25
10.6%
7.8%
Q2 25
-13.2%
8.1%
Q1 25
-1.7%
6.5%
Q4 24
-2.9%
10.6%
Q3 24
-5.0%
9.7%
Q2 24
-7.7%
6.6%
Q1 24
-129.6%
4.4%
Net Margin
UPLD
UPLD
VMD
VMD
Q4 25
7.4%
Q3 25
-2.2%
4.9%
Q2 25
-24.4%
5.0%
Q1 25
-40.6%
4.4%
Q4 24
7.1%
Q3 24
-2.6%
6.7%
Q2 24
-16.5%
2.7%
Q1 24
-135.9%
3.2%
EPS (diluted)
UPLD
UPLD
VMD
VMD
Q4 25
$0.01
$0.14
Q3 25
$-0.09
$0.09
Q2 25
$-0.51
$0.08
Q1 25
$-0.97
$0.06
Q4 24
$-0.30
$0.10
Q3 24
$-0.12
$0.10
Q2 24
$-0.47
$0.04
Q1 24
$-3.37
$0.04

Balance Sheet & Financial Strength

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

Metric
UPLD
UPLD
VMD
VMD
Cash + ST InvestmentsLiquidity on hand
$29.4M
$13.5M
Total DebtLower is stronger
$232.4M
Stockholders' EquityBook value
$-48.4M
$141.5M
Total Assets
$413.2M
$199.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
UPLD
UPLD
VMD
VMD
Q4 25
$29.4M
$13.5M
Q3 25
$22.8M
$11.1M
Q2 25
$41.0M
$20.0M
Q1 25
$33.7M
$10.2M
Q4 24
$56.4M
$17.5M
Q3 24
$59.7M
$11.3M
Q2 24
$232.4M
$8.8M
Q1 24
$231.6M
$7.3M
Total Debt
UPLD
UPLD
VMD
VMD
Q4 25
$232.4M
Q3 25
Q2 25
Q1 25
Q4 24
$290.2M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
UPLD
UPLD
VMD
VMD
Q4 25
$-48.4M
$141.5M
Q3 25
$-47.3M
$133.6M
Q2 25
$-42.4M
$139.7M
Q1 25
$-37.8M
$134.8M
Q4 24
$-18.3M
$131.4M
Q3 24
$907.0K
$125.0M
Q2 24
$6.5M
$119.4M
Q1 24
$20.1M
$116.3M
Total Assets
UPLD
UPLD
VMD
VMD
Q4 25
$413.2M
$199.2M
Q3 25
$409.1M
$202.4M
Q2 25
$441.7M
$184.6M
Q1 25
$457.0M
$178.1M
Q4 24
$529.5M
$177.1M
Q3 24
$554.9M
$169.5M
Q2 24
$739.9M
$163.9M
Q1 24
$754.9M
$154.9M

Cash Flow & Capital Efficiency

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

Metric
UPLD
UPLD
VMD
VMD
Operating Cash FlowLast quarter
$7.3M
$18.4M
Free Cash FlowOCF − Capex
$7.2M
$9.7M
FCF MarginFCF / Revenue
14.7%
12.7%
Capex IntensityCapex / Revenue
0.2%
11.5%
Cash ConversionOCF / Net Profit
3.27×
TTM Free Cash FlowTrailing 4 quarters
$24.4M
$11.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
UPLD
UPLD
VMD
VMD
Q4 25
$7.3M
$18.4M
Q3 25
$6.9M
$18.4M
Q2 25
$3.3M
$12.3M
Q1 25
$8.3M
$2.9M
Q4 24
$9.3M
$15.0M
Q3 24
$4.3M
$12.7M
Q2 24
$5.5M
$10.2M
Q1 24
$5.1M
$1.2M
Free Cash Flow
UPLD
UPLD
VMD
VMD
Q4 25
$7.2M
$9.7M
Q3 25
$6.7M
$10.7M
Q2 25
$2.7M
$4.1M
Q1 25
$7.9M
$-12.6M
Q4 24
$9.0M
$3.2M
Q3 24
$4.2M
$1.7M
Q2 24
$5.2M
$1.2M
Q1 24
$4.9M
$-4.8M
FCF Margin
UPLD
UPLD
VMD
VMD
Q4 25
14.7%
12.7%
Q3 25
13.2%
14.9%
Q2 25
5.0%
6.5%
Q1 25
12.4%
-21.4%
Q4 24
13.3%
5.2%
Q3 24
6.3%
3.0%
Q2 24
7.5%
2.3%
Q1 24
7.0%
-9.5%
Capex Intensity
UPLD
UPLD
VMD
VMD
Q4 25
0.2%
11.5%
Q3 25
0.4%
10.6%
Q2 25
1.2%
12.9%
Q1 25
0.7%
26.2%
Q4 24
0.5%
19.5%
Q3 24
0.2%
19.0%
Q2 24
0.4%
16.3%
Q1 24
0.3%
11.9%
Cash Conversion
UPLD
UPLD
VMD
VMD
Q4 25
3.27×
Q3 25
5.23×
Q2 25
3.88×
Q1 25
1.09×
Q4 24
3.47×
Q3 24
3.29×
Q2 24
6.94×
Q1 24
0.73×

Financial Flow Comparison

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

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