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Side-by-side financial comparison of Upland Software, Inc. (UPLD) and X4 Pharmaceuticals, Inc (XFOR). Click either name above to swap in a different company.

Upland Software, Inc. is the larger business by last-quarter revenue ($49.3M vs $28.8M, roughly 1.7× X4 Pharmaceuticals, 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.

X4 Pharmaceuticals, Inc. is a clinical-stage biotechnology company focused on developing novel targeted therapies for rare immunological diseases and oncology indications with high unmet medical needs. It operates primarily across the U.S. and European markets, with a lead pipeline candidate for WHIM syndrome and multiple other preclinical and clinical assets for immune disorders and cancer.

UPLD vs XFOR — Head-to-Head

Bigger by revenue
UPLD
UPLD
1.7× larger
UPLD
$49.3M
$28.8M
XFOR

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
UPLD
UPLD
XFOR
XFOR
Revenue
$49.3M
$28.8M
Net Profit
$282.0K
Gross Margin
76.5%
83.6%
Operating Margin
14.5%
-32.8%
Net Margin
1.0%
Revenue YoY
-27.5%
Net Profit YoY
100.5%
EPS (diluted)
$0.01
$0.04

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
XFOR
XFOR
Q4 25
$49.3M
Q3 25
$50.5M
Q2 25
$53.4M
Q1 25
$63.7M
$28.8M
Q4 24
$68.0M
Q3 24
$66.7M
Q2 24
$69.3M
Q1 24
$70.7M
$0
Net Profit
UPLD
UPLD
XFOR
XFOR
Q4 25
Q3 25
$-1.1M
Q2 25
$-13.0M
Q1 25
$-25.8M
$282.0K
Q4 24
Q3 24
$-1.7M
Q2 24
$-11.4M
Q1 24
$-96.1M
$-51.8M
Gross Margin
UPLD
UPLD
XFOR
XFOR
Q4 25
76.5%
Q3 25
76.9%
Q2 25
74.8%
Q1 25
71.6%
83.6%
Q4 24
70.8%
Q3 24
70.5%
Q2 24
70.5%
Q1 24
70.2%
Operating Margin
UPLD
UPLD
XFOR
XFOR
Q4 25
14.5%
Q3 25
10.6%
Q2 25
-13.2%
Q1 25
-1.7%
-32.8%
Q4 24
-2.9%
Q3 24
-5.0%
Q2 24
-7.7%
Q1 24
-129.6%
Net Margin
UPLD
UPLD
XFOR
XFOR
Q4 25
Q3 25
-2.2%
Q2 25
-24.4%
Q1 25
-40.6%
1.0%
Q4 24
Q3 24
-2.6%
Q2 24
-16.5%
Q1 24
-135.9%
EPS (diluted)
UPLD
UPLD
XFOR
XFOR
Q4 25
$0.01
Q3 25
$-0.09
Q2 25
$-0.51
Q1 25
$-0.97
$0.04
Q4 24
$-0.30
Q3 24
$-0.12
Q2 24
$-0.47
Q1 24
$-3.37
$-7.77

Balance Sheet & Financial Strength

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

Metric
UPLD
UPLD
XFOR
XFOR
Cash + ST InvestmentsLiquidity on hand
$29.4M
$40.3M
Total DebtLower is stronger
$232.4M
$75.0M
Stockholders' EquityBook value
$-48.4M
$22.9M
Total Assets
$413.2M
$130.0M
Debt / EquityLower = less leverage
3.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
UPLD
UPLD
XFOR
XFOR
Q4 25
$29.4M
Q3 25
$22.8M
Q2 25
$41.0M
Q1 25
$33.7M
$40.3M
Q4 24
$56.4M
Q3 24
$59.7M
Q2 24
$232.4M
Q1 24
$231.6M
$60.5M
Total Debt
UPLD
UPLD
XFOR
XFOR
Q4 25
$232.4M
Q3 25
Q2 25
Q1 25
$75.0M
Q4 24
$290.2M
Q3 24
Q2 24
Q1 24
$55.0M
Stockholders' Equity
UPLD
UPLD
XFOR
XFOR
Q4 25
$-48.4M
Q3 25
$-47.3M
Q2 25
$-42.4M
Q1 25
$-37.8M
$22.9M
Q4 24
$-18.3M
Q3 24
$907.0K
Q2 24
$6.5M
Q1 24
$20.1M
$1.0M
Total Assets
UPLD
UPLD
XFOR
XFOR
Q4 25
$413.2M
Q3 25
$409.1M
Q2 25
$441.7M
Q1 25
$457.0M
$130.0M
Q4 24
$529.5M
Q3 24
$554.9M
Q2 24
$739.9M
Q1 24
$754.9M
$112.2M
Debt / Equity
UPLD
UPLD
XFOR
XFOR
Q4 25
Q3 25
Q2 25
Q1 25
3.27×
Q4 24
Q3 24
Q2 24
Q1 24
53.09×

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
XFOR
XFOR
Operating Cash FlowLast quarter
$7.3M
$-12.4M
Free Cash FlowOCF − Capex
$7.2M
FCF MarginFCF / Revenue
14.7%
Capex IntensityCapex / Revenue
0.2%
0.0%
Cash ConversionOCF / Net Profit
-43.86×
TTM Free Cash FlowTrailing 4 quarters
$24.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
UPLD
UPLD
XFOR
XFOR
Q4 25
$7.3M
Q3 25
$6.9M
Q2 25
$3.3M
Q1 25
$8.3M
$-12.4M
Q4 24
$9.3M
Q3 24
$4.3M
Q2 24
$5.5M
Q1 24
$5.1M
$-33.6M
Free Cash Flow
UPLD
UPLD
XFOR
XFOR
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
$-33.7M
FCF Margin
UPLD
UPLD
XFOR
XFOR
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
UPLD
UPLD
XFOR
XFOR
Q4 25
0.2%
Q3 25
0.4%
Q2 25
1.2%
Q1 25
0.7%
0.0%
Q4 24
0.5%
Q3 24
0.2%
Q2 24
0.4%
Q1 24
0.3%
Cash Conversion
UPLD
UPLD
XFOR
XFOR
Q4 25
Q3 25
Q2 25
Q1 25
-43.86×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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