UPLD on Nasdaq

Upland Software, Inc.

Upland is a leader in AI-powered knowledge and content management software.4 From its latest annual report

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Last updated Oct 19, 2026.

Overview

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  • TickerUPLD on Nasdaq2
  • IndustryServices-Prepackaged Software2
  • HeadquartersAustin, United States2
  • Incorporated inTX3
  • Business address900 S. Capital Of Texas Hwy, Las Cimas Iv, Suite 300, Austin, Tx 787463
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI549300NS277POYJ63W892
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 48452152

Upland is a leader in AI-powered knowledge and content management software. Our solutions help enterprises unlock critical knowledge, automate content workflows, and drive measurable ROI in the following business functions:4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

74.8%Gross margin5
2.0%Operating margin5
-17.9%Net margin5
-21.1%Revenue growth, 20255
$24.4MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Subscription And Support brought in 95% of the revenue Upland Software, Inc. broke down this way in fiscal 2025.

  1. Subscription And Support$205.1M595%down 21% from 2024
  2. Professional services and other$6.5M53%down 21% from 2024
  3. Perpetual License$5.3M52%down 10% from 2024
Products and services by year
Products and services202320242025
Subscription And Support$281.6M$260.7M$205.1M
Professional services and other$10.2M$8.3M$6.5M
Perpetual License$6.1M$5.8M$5.3M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue25¢$54.8M
  • Research and development17¢$36.5M
  • Other costs58¢$125.4M
  • Income tax0¢$232.0K

Out of $216.9M in revenue.5 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending5¢$1.4M
  • Kept or used elsewhere95¢$24.4M

Out of $25.8M of cash from operations.5

Financial statements

Revenue67895$216.9M in 2025−3% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $222.6M$222.6M20192020: $291.8M$291.8M2020+31%2021: $302.0M$302.0M2021+4%2022: $317.3M$317.3M2022+5%2023: $297.9M$297.9M2023−6%2024: $274.8M$274.8M2024−8%2025: $216.9M$216.9M2025−21%
Gross profit67895$162.1M in 2025+6% since 2019
0$100.0M$200.0M$300.0M2019: $153.5M$153.5M20192020: $193.3M$193.3M2020+26%2021: $202.6M$202.6M2021+5%2022: $213.6M$213.6M2022+5%2023: $201.5M$201.5M2023−6%2024: $193.7M$193.7M2024−4%2025: $162.1M$162.1M2025−16%
Operating income67895$4.4M in 2025
-$200.0M-$150.0M-$100.0M-$50.0M0$50.0M2019: -$24.3M-$24.3M20192020: -$23.8M-$23.8M2020−2%2021: -$34.7M-$34.7M2021+46%2022: -$40.2M-$40.2M2022+16%2023: -$163.9M-$163.9M2023+307%2024: -$102.3M-$102.3M2024−38%2025: $4.4M$4.4M2025
Net income67895-$38.9M in 2025−14% since 2019
-$200.0M-$150.0M-$100.0M-$50.0M02019: -$45.4M-$45.4M20192020: -$51.2M-$51.2M2020+13%2021: -$58.2M-$58.2M2021+14%2022: -$68.4M-$68.4M2022+18%2023: -$179.9M-$179.9M2023+163%2024: -$112.7M-$112.7M2024−37%2025: -$38.9M-$38.9M2025−65%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Total revenue$216.9M$274.8M$297.9M
Total cost of revenue$54.8M$81.1M$96.4M
Gross profit$162.1M$193.7M$201.5M
Sales and marketing$44.1M$66.3M$64.3M
Research and development$36.5M$47.4M$49.4M
General and administrative$38.0M$49.5M$61.3M
Depreciation and amortization$26.9M$45.6M$58.6M
Acquisition and divestiture related expenses$9.7M$19.0K$3.1M
Impairment of goodwill and other intangibles$2.5M$87.2M$128.8M
Total operating expenses$157.7M$296.0M$365.4M
Income (loss) from operations$4.4M-$102.3M-$163.9M
Interest expense, net-$15.8M-$8.9M-$18.7M
Non-cash loss on divestitures of businesses-$24.4M$0$0
Loss on debt extinguishment-$2.3M$0$0
Other income (expense), net-$652.0K$1.1M$236.0K
Total other expense, net-$43.1M-$7.8M-$18.4M
Loss before benefit from (provision for) income taxes-$38.7M-$110.1M-$182.4M
Benefit from (provision for) income taxes-$232.0K-$2.6M$2.5M
Net loss-$38.9M-$112.7M-$179.9M
Preferred stock dividends-$5.8M-$5.6M-$5.3M
Net loss attributable to common stockholders, basic-$44.8M-$118.3M-$185.2M
Net loss attributable to common stockholders, diluted-$44.8M-$118.3M-$185.2M
Net loss per common share, basic (in dollars per share)-$1.56-$4.26-$5.77
Net loss per common share, diluted (in dollars per share)-$1.56-$4.26-$5.77
Weighted-average common shares outstanding, basic (in shares)28.6M shares27.8M shares32.1M shares
Weighted-average common shares outstanding, diluted (in shares)28.6M shares27.8M shares32.1M shares

Compare Upland Software, Inc. with another company

Leadership

Who has led Upland Software, Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (15)

Former names

  • Silverback Acquisition CorpNov 10, 2010 to Nov 10, 20103

Timeline

  1. May 4, 2026New chief executive Sean Nathaniel becomes CEO13
  2. Nov 5, 2014New chief executive John T. McDonald becomes CEO14
  3. Jul 7, 2010Founded Upland Software, Inc. is founded2

Filings

321 filings to the SEC since October 2021: 7 annual reports, 17 quarterly reports, 46 major events, 188 insider forms, 19 large holders, 44 other. The latest 20:

  1. Sep 21, 20264 EDGAR
  2. Sep 21, 20264 EDGAR
  3. Sep 21, 20264 EDGAR
  4. Aug 18, 20264 EDGAR
  5. Aug 18, 20263 EDGAR
  6. Aug 14, 202610-Q EDGAR
  7. Aug 14, 20268-K EDGAR
  8. Aug 11, 20264 EDGAR
  9. Aug 10, 20264 EDGAR
  10. Aug 7, 2026144 EDGAR
  11. Aug 6, 2026144 EDGAR
  12. Aug 6, 20264 EDGAR
  13. Aug 5, 2026144 EDGAR
  14. Aug 5, 20268-K EDGAR
  15. Aug 4, 2026144 EDGAR
  16. Aug 4, 20264 EDGAR
  17. Aug 3, 20263 EDGAR
  18. Aug 3, 2026144 EDGAR
  19. Jul 31, 2026144 EDGAR
  20. Jul 21, 20268-K EDGAR

The 321 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

31 open-market trades by officers, directors and large owners since October 2021: 12 buys and 19 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 7, 2026Mattox TimothyDirectorSale847$4.28$3.6KForm 4
Aug 6, 2026Mattox TimothyDirectorSale1,000$4.27$4.3KForm 4
Aug 5, 2026Mattox TimothyDirectorSale1,000$4.53$4.5KForm 4
Aug 4, 2026Mattox TimothyDirectorSale1,000$4.33$4.3KForm 4
Aug 3, 2026Mattox TimothyDirectorSale1,000$4.45$4.5KForm 4
Jul 31, 2026Mattox TimothyDirectorSale1,000$4.48$4.5KForm 4
Sep 11, 2025MCDONALD JOHN TDirectorSale14,438$2.36$34.1KForm 4
Mar 17, 2025Mattox TimothyDirectorSale20,000$3.19$63.8KForm 4
Dec 17, 2024Mattox TimothyDirectorSale2,768$4.56$12.6KForm 4
Nov 14, 2024Mattox TimothyDirectorSale18,000$2.50$45.0KForm 4
Nov 13, 2024Mattox TimothyDirectorSale2,000$2.64$5.3KForm 4
Aug 9, 2024MCDONALD JOHN TDirectorBuy66,365$1.96$130.1KForm 4
Aug 8, 2024MCDONALD JOHN TDirectorBuy33,635$1.98$66.6KForm 4
Nov 21, 2023COURTER STEPHEN EDirectorSale20,448$4.43$90.6KForm 4
Nov 7, 2023Doman DanChief Operating & Product OfcrSale13,996$4.80$67.2KForm 4
Mar 13, 2023MCDONALD JOHN TDirectorBuy10,000$4.75$47.5KForm 4
Mar 10, 2023MCDONALD JOHN TDirectorBuy10,000$4.80$48.0KForm 4
Dec 19, 2022Burk IanChief Business OfficerSale6,266$7.52$47.1KForm 4
Nov 7, 2022Gill Kinloch IIICLO and SecretarySale8,300$7.32$60.8KForm 4
Oct 13, 2022COURTER STEPHEN EDirectorSale3,500$7.06$24.7KForm 4

All 31 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 27. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Ameriprise Financial Inc137,919$644.1K0.0%New
Vanguard Capital Management LLC120,376$562.2K0.0%New
Rice Hall James & Associates, LLC101,143$472.3K0.0%New
CastleKnight Management LP77,720$363.0K0.0%New
BlackRock, Inc.54,961$256.7K0.0%New
D. E. Shaw & Co., Inc.47,867$223.5K0.0%New
RBF Capital, LLC42,754$199.7K0.0%New
Geode Capital Management, LLC35,839$167.4K0.0%New
Two Sigma Investments, LP26,790$125.1K0.0%New
Man Group plc25,265$118.0K0.0%New
Renaissance Technologies LLC24,584$114.8K0.0%New
Vanguard Portfolio Management LLC23,341$109.0K0.0%New
Russell Investments Group, Ltd.21,530$100.5K0.0%New
Jane Street Group, LLC15,585$72.8K0.0%New
Vanguard Fiduciary Trust Co14,350$67.0K0.0%New
UBS Group AG11,658$54.4K0.0%New
Barclays PLC3,164$14.8K0.0%New
Fmr LLC1,720$8.0K0.0%New
Tower Research Capital LLC (TRC)1,002$4.7K0.0%New
Vanguard Global Advisers, LLC966$4.5K0.0%New
Osaic Holdings, Inc.378$1.8K0.0%New
Acadian Asset Management LLC112,368$5240.0%New
Morgan Stanley60$2800.0%New
CoreCap Advisors, LLC50$2340.0%New
Bnp Paribas Financial Markets15$700.0%New

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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