Upland Software Inc
For the period ended Dec 31, 2024. Filed Mar 12, 2025.
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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.
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Consolidated Financial Statements Consolidated Balance Sheets
Consolidated Balance Sheets
| (in thousands, except share and per share amounts) | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $56,426 | $236,559 |
| Restricted cash | 626 | — |
| Accounts receivable, net of allowance for credit losses | 38,647 | 38,765 |
| Deferred commissions, current | 8,361 | 10,429 |
| Unbilled receivables | 3,441 | 2,701 |
| Income tax receivable, current | 762 | 3,775 |
| Prepaid expenses and other current assets | 10,129 | 8,004 |
| Total current assets | 118,392 | 300,233 |
| Tax credits receivable | 951 | 1,657 |
| Property and equipment, net | 1,518 | 1,932 |
| Operating lease right-of-use asset | 1,364 | 2,929 |
| Intangible assets, net | 123,903 | 182,349 |
| Goodwill | 260,976 | 353,778 |
| Deferred commissions, noncurrent | 12,147 | 12,568 |
| Interest rate swap assets | 9,742 | 14,270 |
| Other assets | 529 | 308 |
| Total assets | $529,522 | $870,024 |
| LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $9,388 | $8,137 |
| Accrued compensation | 6,226 | 7,174 |
| Accrued expenses and other current liabilities | 6,876 | 7,050 |
| Deferred revenue | 93,706 | 102,763 |
| Operating lease liabilities, current | 1,000 | 2,351 |
| Current maturities of notes payable (includes unamortized discount of $2,176 and $2,228 at December 31, 2024 and December 31, 2023, respectively) | 3,224 | 3,172 |
| Total current liabilities | 120,420 | 130,647 |
| Notes payable, less current maturities (includes unamortized discount of $1,280 and $3,148 at December 31, 2024 and December 31, 2023, respectively) | 286,970 | 473,502 |
| Deferred revenue, noncurrent | 4,670 | 3,860 |
| Operating lease liabilities, noncurrent | 762 | 1,597 |
| Noncurrent deferred tax liability, net | 11,347 | 16,025 |
| Other long-term liabilities | 428 | 461 |
| Total liabilities | 424,597 | 626,092 |
| Mezzanine Equity: | ||
| Series A Convertible Preferred stock, 0.0001 par value; 5,000,000 shares authorized: 115,000 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively | 123,230 | 117,638 |
| Stockholders’ equity: | ||
| Common stock, $0.0001 par value; 75,000,000 shares authorized as of December 31, 2024 and December 31, 2023, respectively; 28,168,267 and 29,908,407 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively | 3 | 3 |
| Additional paid-in capital | 605,286 | 608,995 |
| Accumulated other comprehensive (loss) income | (21,990) | 6,168 |
| Accumulated deficit | (601,604) | (488,872) |
| Total stockholders’ (deficit) equity | (18,305) | 126,294 |
| Total liabilities, convertible preferred stock and stockholders’ (deficit) equity | $529,522 | $870,024 |
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