Upland Software, Inc. (UPLD)

Upland Software Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	251.76	274.79	297.85	317.3	302.02	291.78
Revenue Growth (YoY)	-12.09%	-7.74%	-6.13%	5.06%	3.51%	31.05%
Cost of Revenue	71.05	81.09	96.36	103.74	99.45	98.45
Gross Profit	180.71	193.7	201.49	213.56	202.56	193.33
Selling, General & Admin	101.21	115.76	125.61	129.88	125.7	114.15
Research & Development	44.05	47.37	49.38	46.19	42.69	39
Operating Expenses	182.96	208.75	233.6	219.73	209.71	190.07
Operating Income	-2.26	-15.05	-32.1	-6.17	-7.14	3.26
Interest Expense	-5.5	-8.94	-18.68	-29.15	-31.63	-31.53
Currency Exchange Gain (Loss)	-0.86	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	-8.58	-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	-32.52	-	-	-	-	-
Other Unusual Items	-	-	-	-	-6.3	-
Pretax Income	-43.58	-110.09	-182.37	-70.15	-66.56	-55.45
Income Tax Expense	0.46	2.64	-2.49	-1.74	-8.34	-4.23
Net Income	-44.04	-112.73	-179.87	-68.41	-58.21	-51.22
Preferred Dividends & Other Adjustments	5.72	5.59	5.35	1.85	-	-
Net Income to Common	-49.76	-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)	-6.84%	-13.36%	1.73%	4.07%	13.76%	15.29%
EPS (Basic)	-1.78	-4.26	-5.77	-2.23	-1.92	-1.92
EPS (Diluted)	-1.78	-4.26	-5.77	-2.23	-1.92	-1.92
Free Cash Flow	23.76	23.36	48.72	29.11	40.62	34.51
Free Cash Flow Per Share	0.85	0.84	1.52	0.92	1.34	1.30
Gross Margin	71.78%	70.49%	67.65%	67.31%	67.07%	66.26%
Operating Margin	-0.90%	-5.48%	-10.78%	-1.94%	-2.37%	1.12%
Profit Margin	-19.77%	-43.06%	-62.19%	-22.14%	-19.27%	-17.55%
Free Cash Flow Margin	9.44%	8.50%	16.36%	9.18%	13.45%	11.83%
EBITDA	42.95	39.94	39.88	49.97	45.79	50.43
EBITDA Margin	17.06%	14.53%	13.39%	15.75%	15.16%	17.28%
D&A For EBITDA	45.2	54.99	71.99	56.15	52.93	47.16
EBIT	-2.26	-15.05	-32.1	-6.17	-7.14	3.26
EBIT Margin	-0.90%	-5.48%	-10.78%	-1.94%	-2.37%	1.12%
Revenue as Reported	251.76	274.79	297.85	317.3	302.02	291.78
Advertising Expenses	-	2.3	2	0.8	0.9	0.1

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q