Upland Software, Inc.
For the period ended Dec 31, 2025. Filed Mar 3, 2026.
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.
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.
See the whole filing, with its images and exhibitsContents
Consolidated Financial Statements Consolidated Balance Sheets
Consolidated Balance Sheets
| (in thousands, except share and per share amounts) | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $29,398 | $56,426 |
| Restricted cash | 626 | 626 |
| Accounts receivable, net of allowance for credit losses | 25,603 | 38,647 |
| Deferred commissions, current | 5,660 | 8,361 |
| Unbilled receivables | 3,981 | 3,441 |
| Income tax receivable, current | 1,832 | 762 |
| Prepaid expenses and other current assets | 8,154 | 10,129 |
| Total current assets | 75,254 | 118,392 |
| Tax credits receivable | 863 | 951 |
| Property and equipment, net | 1,815 | 1,518 |
| Operating lease right-of-use asset | 1,713 | 1,364 |
| Intangible assets, net | 62,317 | 123,903 |
| Goodwill | 259,631 | 260,976 |
| Deferred commissions, noncurrent | 7,865 | 12,147 |
| Interest rate derivatives | 15 | 9,742 |
| Other assets | 3,704 | 529 |
| Total assets | $413,177 | $529,522 |
| LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' DEFICIT | ||
| Current liabilities: | ||
| Accounts payable | $2,140 | $9,388 |
| Accrued compensation | 4,358 | 6,226 |
| Accrued expenses and other current liabilities | 3,938 | 6,876 |
| Deferred revenue | 74,768 | 93,706 |
| Operating lease liabilities, current | 817 | 1,000 |
| Current maturities of notes payable (includes unamortized discount of $1,133 and $2,176 at December 31, 2025 and December 31, 2024, respectively) | 7,739 | 3,224 |
| Total current liabilities | 93,760 | 120,420 |
| Notes payable, less current maturities (includes unamortized discount of $4,961 and $1,280 at December 31, 2025 and December 31, 2024, respectively) | 224,667 | 286,970 |
| Deferred revenue, noncurrent | 4,841 | 4,670 |
| Operating lease liabilities, noncurrent | 1,971 | 762 |
| Noncurrent deferred tax liability, net | 6,723 | 11,347 |
| Other long-term liabilities | 505 | 428 |
| Total liabilities | 332,467 | 424,597 |
| Commitments and contingencies (Note 9) | ||
| 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, 2025 and December 31, 2024, respectively | 129,078 | 123,230 |
| Stockholders’ deficit: | ||
| Common stock, $0.0001 par value; 75,000,000 shares authorized as of December 31, 2025 and December 31, 2024, respectively; 29,118,178 and 28,168,267 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 3 | 3 |
| Additional paid-in capital | 607,275 | 605,286 |
| Accumulated other comprehensive loss | (15,138) | (21,990) |
| Accumulated deficit | (640,508) | (601,604) |
| Total stockholders’ deficit | (48,368) | (18,305) |
| Total liabilities, convertible preferred stock and stockholders’ deficit | $413,177 | $529,522 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.