Upland Software Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	235.59	274.79	297.85	317.3	302.02	291.78
Revenue Growth (YoY)	-15.54%	-7.74%	-6.13%	5.06%	3.51%	31.05%
Cost of Revenue	63.02	81.09	96.36	103.74	99.45	98.45
Gross Profit	172.57	193.7	201.49	213.56	202.56	193.33
Selling, General & Admin	92.33	115.76	125.61	129.88	125.7	114.15
Research & Development	40.49	47.37	49.38	46.19	42.69	39
Operating Expenses	165.39	208.75	233.6	219.73	209.71	190.07
Operating Income	7.18	-15.05	-32.1	-6.17	-7.14	3.26
Interest Expense	-12.05	-8.94	-18.68	-29.15	-31.63	-31.53
Currency Exchange Gain (Loss)	-0.38	1.1	0.3	-1	0.05	0.2
Other Non Operating Income (Expenses)	0.04	0.04	-0.06	0.22	-0.3	-0.31
EBT Excluding Unusual Items	-5.2	-22.85	-50.55	-36.1	-39.02	-28.38
Merger & Restructuring Charges	-0.02	-0.02	-3.06	-21.56	-21.23	-27.08
Impairment of Goodwill	-2.47	-87.23	-128.76	-12.5	-	-
Gain (Loss) on Sale of Assets	-33.77	-	-	-	-	-
Other Unusual Items	-2.3	-	-	-	-6.3	-
Pretax Income	-43.76	-110.09	-182.37	-70.15	-66.56	-55.45
Income Tax Expense	-0.33	2.64	-2.49	-1.74	-8.34	-4.23
Net Income	-43.43	-112.73	-179.87	-68.41	-58.21	-51.22
Preferred Dividends & Other Adjustments	5.78	5.59	5.35	1.85	-	-
Net Income to Common	-49.21	-118.32	-185.22	-70.26	-58.21	-51.22
Shares Outstanding (Basic)	28	28	32	32	30	27
Shares Outstanding (Diluted)	28	28	32	32	30	27
Shares Change (YoY)	-1.22%	-13.36%	1.73%	4.07%	13.76%	15.29%
EPS (Basic)	-1.74	-4.26	-5.77	-2.23	-1.92	-1.92
EPS (Diluted)	-1.74	-4.26	-5.77	-2.23	-1.92	-1.92
Free Cash Flow	26.24	23.36	48.72	29.11	40.62	34.51
Free Cash Flow Per Share	0.93	0.84	1.52	0.92	1.34	1.30
Gross Margin	73.25%	70.49%	67.65%	67.31%	67.07%	66.26%
Operating Margin	3.05%	-5.48%	-10.78%	-1.94%	-2.37%	1.12%
Profit Margin	-20.89%	-43.06%	-62.19%	-22.14%	-19.27%	-17.55%
Free Cash Flow Margin	11.14%	8.50%	16.36%	9.18%	13.45%	11.83%
EBITDA	46.13	39.94	39.88	49.97	45.79	50.43
EBITDA Margin	19.58%	14.53%	13.39%	15.75%	15.16%	17.28%
D&A For EBITDA	38.95	54.99	71.99	56.15	52.93	47.16
EBIT	7.18	-15.05	-32.1	-6.17	-7.14	3.26
EBIT Margin	3.05%	-5.48%	-10.78%	-1.94%	-2.37%	1.12%
Revenue as Reported	235.59	274.79	297.85	317.3	302.02	291.78
Advertising Expenses	-	2.3	2	0.8	0.9	0.1

Updated Nov 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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