Upland Software Inc
For the period ended Dec 31, 2024. Filed Mar 12, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 12, 2025
UPLD$3.82-3.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
| (in thousands, except share and per share amounts) | Year Ended December 31, | ||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue: | |||
| Subscription and support | $260,685 | $281,554 | $297,887 |
| Perpetual license | 5,837 | 6,077 | 6,948 |
| Total product revenue | 266,522 | 287,631 | 304,835 |
| Professional services | 8,272 | 10,221 | 12,468 |
| Total revenue | 274,794 | 297,852 | 317,303 |
| Cost of revenue: | |||
| Subscription and support | 76,037 | 88,894 | 93,948 |
| Professional services | 5,055 | 7,467 | 9,793 |
| Total cost of revenue | 81,092 | 96,361 | 103,741 |
| Gross profit | 193,702 | 201,491 | 213,562 |
| Operating expenses: | |||
| Sales and marketing | 66,301 | 64,342 | 59,416 |
| Research and development | 47,365 | 49,375 | 46,187 |
| General and administrative | 49,463 | 61,264 | 70,462 |
| Depreciation and amortization | 45,622 | 58,614 | 43,669 |
| Acquisition-related expenses | 19 | 3,060 | 21,556 |
| Impairment of goodwill | 87,227 | 128,755 | 12,500 |
| Total operating expenses | 295,997 | 365,410 | 253,790 |
| Loss from operations | (102,295) | (163,919) | (40,228) |
| Other expense: | |||
| Interest expense, net | (8,939) | (18,684) | (29,145) |
| Other income (expense), net | 1,142 | 236 | (781) |
| Total other expense | (7,797) | (18,448) | (29,926) |
| Loss before benefit from (provision for) income taxes | (110,092) | (182,367) | (70,154) |
| Benefit from (provision for) income taxes | (2,640) | 2,493 | 1,741 |
| Net loss | $(112,732) | $(179,874) | $(68,413) |
| Preferred stock dividends | (5,592) | (5,347) | (1,846) |
| Net loss attributable to common shareholders | $(118,324) | $(185,221) | $(70,259) |
| Net loss per common share: | |||
| Net loss per common share, basic and diluted | $(4.26) | $(5.77) | $(2.23) |
| Weighted-average common shares outstanding, basic and diluted | 27,789,248 | 32,074,906 | 31,528,881 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.