Upland Software, Inc.
For the period ended Dec 31, 2025. Filed Mar 3, 2026.
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FY2025 · Filed Mar 3, 2026
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 Statements of Operations
| (in thousands, except share and per share amounts) | Year Ended December 31, | ||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenue: | |||
| Subscription and support | $205,073 | $260,685 | $281,554 |
| Perpetual license | 5,280 | 5,837 | 6,077 |
| Total product revenue | 210,353 | 266,522 | 287,631 |
| Professional services | 6,523 | 8,272 | 10,221 |
| Total revenue | 216,876 | 274,794 | 297,852 |
| Cost of revenue: | |||
| Subscription and support | 50,882 | 76,037 | 88,894 |
| Professional services and other | 3,876 | 5,055 | 7,467 |
| Total cost of revenue | 54,758 | 81,092 | 96,361 |
| Gross profit | 162,118 | 193,702 | 201,491 |
| Operating expenses: | |||
| Sales and marketing | 44,113 | 66,301 | 64,342 |
| Research and development | 36,511 | 47,365 | 49,375 |
| General and administrative | 38,025 | 49,463 | 61,264 |
| Depreciation and amortization | 26,850 | 45,622 | 58,614 |
| Acquisition and divestiture related expenses | 9,720 | 19 | 3,060 |
| Impairment of goodwill and other intangibles | 2,469 | 87,227 | 128,755 |
| Total operating expenses | 157,688 | 295,997 | 365,410 |
| Income (loss) from operations | 4,430 | (102,295) | (163,919) |
| Other income (expense): | |||
| Interest expense, net | (15,785) | (8,939) | (18,684) |
| Loss on divestitures of businesses | (24,364) | — | — |
| Loss on debt extinguishment | (2,301) | — | — |
| Other income (expense), net | (652) | 1,142 | 236 |
| Total other expense, net | (43,102) | (7,797) | (18,448) |
| Loss before benefit from (provision for) income taxes | (38,672) | (110,092) | (182,367) |
| Benefit from (provision for) income taxes | (232) | (2,640) | 2,493 |
| Net loss | $(38,904) | $(112,732) | $(179,874) |
| Preferred stock dividends | (5,848) | (5,592) | (5,347) |
| Net loss attributable to common stockholders | $(44,752) | $(118,324) | $(185,221) |
| Net loss per common share: | |||
| Net loss per common share, basic and diluted | $(1.56) | $(4.26) | $(5.77) |
| Weighted-average common shares outstanding, basic and diluted | 28,615,649 | 27,789,248 | 32,074,906 |
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