UPLDNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
Upland Software, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 14, 2026
$3.32−0.05 (-1.48%)
Close on Oct 19, 2026
- Market cap
- $9.76M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
74.8%+8.5 pts over 5 years
Operating margin
2.0%+10.2 pts over 5 years
Net margin
-17.9%−0.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -21.1% | -11.9% | -5.8% | +12.0% | |
| Gross profit | -16.3% | -8.8% | -3.5% | +14.1% | |
| Free cash flow | +4.7% | -5.7% | -6.7% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -22.7% | -19.7% | 116.7% | |
| Return on assets | -9.9% | -5.4% | -8.3% | |
| Current ratio | 1.19 | 2.62 | 0.80 | |
| Debt to equity | 0.81 | 1.70 | -4.80 | |
| Net debt to EBITDA | 15.10× | 11.63× | 5.55× | |
| Interest coverage | – | – | – | |
| Capex to revenue | 0.9% | 0.4% | 0.6% | |
| Diluted shares | 2M | 3M | 3M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Upland Software generated $171.70M from operations and spent $5.44M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$171.70M
Used
$5.44M
Capital expenditure$5.44M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-17.9%
×Asset turnover0.46×
×Equity multiplier-14.14×
=Return on equity, FY2025116.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -17.9% | 0.46× | -14.14× | 116.7% |
| FY2024 | -41.0% | 0.39× | 12.96× | -208.8% |
| FY2023 | -60.4% | 0.30× | 4.56× | -82.7% |
| FY2022 | -21.6% | 0.30× | 3.43× | -21.9% |
| FY2021 | -19.3% | 0.30× | 3.28× | -18.7% |
| FY2020 | -17.6% | 0.31× | 3.67× | -19.7% |
| FY2019 | -20.4% | 0.32× | 4.60× | -30.2% |
| FY2018 | -7.2% | 0.39× | 4.28× | -12.1% |
| FY2017 | -19.1% | 0.45× | 2.87× | -24.9% |
| FY2016 | -18.1% | 0.55× | 2.29× | -22.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$38.90M
- Cash generatingOperating cash flow above zero$25.80M
- Return on assets improvedROA up on the prior year-13.0% → -7.3%
- Earnings backed by cashOperating cash flow above net income$25.80M vs -$38.90M
- Less leverageLong-term debt to assets fell54.2% → 54.4%
- Better liquidityCurrent ratio rose0.98 → 0.80
- No dilutionShare count did not rise3M → 3M
- Gross margin improvedGross margin up on the prior year70.49% → 74.75%
- More efficientAsset turnover rose0.32 → 0.41