Education
About Us
Working with TipRanks
Follow Us
Upland Software (UPLD)
NASDAQ:UPLD
Top Page
Upland Software
(NASDAQ:UPLD)
55Neutral
Positive Factors
Debt Management
The company paid down $177M of debt, reducing annualized interest expense by about $7M, which should improve cash generation potential.
Financial Performance
Upland reported steady results with recurring revenue exceeding guidance and core organic growth showing improvement.
Negative Factors
Deal Activity
Upland is winning fewer deals in a more scrutinized macroeconomic environment.
Revenue Challenges
Divesting two non-core assets resulted in a revenue headwind to future reported revenue results.
Upland Software (UPLD) vs. S&P 500 (SPY)
Market Cap
$80.90M
Dividend YieldN/A
Average Volume (3M)108.11K
Price to Earnings (P/E)―
Beta (1Y)2.41
Revenue Growth-8.17%
EPS Growth63.63%
CountryUS
Employees998
SectorTechnology
Sector Strength65
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.23
Shares Outstanding28,484,280
10 Day Avg. Volume67,033
30 Day Avg. Volume108,105
Financial Highlights & Ratios
PEG Ratio-0.08
Price to Book (P/B)-4.55
Price to Sales (P/S)0.00
P/FCF Ratio3.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$4.25Price Target Upside49.65% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
Upland Software Business Overview & Revenue Model
Company DescriptionUpland Software, Inc. is a provider of cloud-based enterprise work management software. Headquartered in Austin, Texas, the company offers a comprehensive suite of solutions designed to help organizations streamline their operations and enhance productivity. Upland Software's products cover various sectors, including project management, IT management, marketing, and customer experience management, catering to a wide range of industries.
How the Company Makes MoneyUpland Software generates revenue primarily through a subscription-based model, offering its software solutions as a service (SaaS) to businesses. Customers pay recurring fees to access Upland's suite of enterprise work management tools, which entails ongoing updates and customer support. Additionally, the company may earn revenue through professional services such as consulting, training, and implementation support, which help clients effectively integrate and utilize its software solutions. Upland's revenue is further bolstered by strategic partnerships and acquisitions that expand its product offerings and customer base, allowing it to enhance its market presence and drive growth.
Upland Software Financial Statement Overview
Summary
Upland Software is facing financial challenges with declining revenues, persistent losses, and negative equity. These factors indicate potential risks to financial stability. While the company shows strength in gross profit margins and cash management, the overall financial health is concerning due to high leverage and negative profitability metrics. Strategic measures are needed to address these financial strains to ensure long-term viability.Income Statement
Upland Software has faced a decline in revenue over the past years, with a notable decrease from $317.3 million in 2022 to $274.8 million in 2024. Gross profit margin stands at 70.5% for 2024, indicating cost efficiency in production. However, the company struggles with profitability, reflected by negative EBIT and net income margins, with a net loss of $118.3 million in 2024. This trend shows financial strain and challenges in managing expenses relative to revenue.45
Neutral
Balance Sheet
The balance sheet reveals a worrying situation with negative stockholders' equity of -$18.3 million in 2024, indicating liabilities exceeding assets. The debt-to-equity ratio cannot be calculated due to negative equity, which signals high financial leverage. The equity ratio is also negative, further highlighting potential solvency issues. These factors suggest significant financial risk and instability.30
Negative
Cash Flow
Cash flow analysis shows a positive trend in free cash flow generation, with $23.4 million in 2024, although operating cash flow has decreased from $49.9 million in 2023 to $24.2 million in 2024. The free cash flow to net income ratio is positive, indicating effective cash management despite losses. However, the decrease in operating cash flow suggests declining cash-generating capacity, which could impact future operations.55
Neutral
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 274.79M | 297.85M | 317.30M | 302.02M | 291.78M | Gross Profit |
| 193.70M | 201.49M | 213.56M | 202.56M | 193.33M | EBIT |
| -102.30M | -163.92M | -6.95M | -13.70M | 3.15M | EBITDA |
| -46.17M | -96.99M | 15.14M | 18.00M | 22.04M | Net Income Common Stockholders |
| -118.32M | -179.87M | -68.41M | -58.21M | -51.22M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 56.43M | 236.56M | 248.65M | 189.16M | 250.03M | Total Assets |
| 529.52M | 870.02M | 1.11B | 1.03B | 1.01B | Total Debt |
| 291.96M | 480.62M | 523.13M | 528.65M | 533.30M | Net Debt |
| 235.53M | 244.06M | 274.48M | 339.49M | 283.28M | Total Liabilities |
| 424.60M | 626.09M | 692.30M | 712.72M | 704.61M | Stockholders Equity |
| -18.30M | 243.93M | 421.16M | 316.29M | 306.62M |
| Cash Flow | Free Cash Flow | |||
| 23.36M | 48.72M | 29.11M | 40.62M | 34.30M | Operating Cash Flow |
| 24.24M | 49.94M | 29.98M | 41.74M | 35.62M | Investing Cash Flow |
| -882.00K | -1.22M | -63.22M | -93.53M | -68.97M | Financing Cash Flow |
| -202.31M | -61.38M | 94.15M | -8.18M | 107.90M |
Upland Software Technical Analysis
Positive
2.84
Price Trends
2.71
Positive
3.47
Negative
3.06
Negative
Market Momentum
-0.06
Negative
62.79
Neutral
57.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UPLD, the sentiment is Positive. The current price of 2.84 is above the 20-day moving average (MA) of 2.36, above the 50-day MA of 2.71, and below the 200-day MA of 3.06, indicating a neutral trend. The MACD of -0.06 indicates Negative momentum. The RSI at 62.79 is Neutral, neither overbought nor oversold. The STOCH value of 57.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for UPLD.
Upland Software Risk Analysis
Upland Software disclosed 47 risk factors in its most recent earnings report. Upland Software reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Upland Software Peers Comparison
Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $11.39B | 10.50 | -6.42% | 2.97% | 7.77% | -11.17% | |
59 Neutral | $98.35M | ― | -30.88% | ― | 18.51% | -714.65% | |
55 Neutral | $80.90M | ― | -208.78% | ― | -8.17% | 63.63% | |
54 Neutral | $82.98M | ― | -282.24% | ― | -2.55% | 10.18% | |
53 Neutral | $95.18M | ― | -223.65% | ― | 221.24% | 13.36% | |
41 Neutral | $81.06M | ― | -137.76% | ― | -23.04% | 11.60% |
* Technology Sector Average
Performance Comparison
UPLD
Upland Software
2.84
-0.09
-3.07%
LPSN
Liveperson
0.85
0.19
28.79%
DUOT
Duos Technologies Group
7.12
4.57
179.22%
RSSS
Research Solutions
3.03
0.19
6.69%
PSQH
PSQ Holdings
2.10
-1.90
-47.50%
Upland Software Earnings Call Summary
Earnings Call Date:May 12, 2025
(Q1-2025)
| % Change Since: 19.83%|
Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment Neutral
The earnings call reflects a mixed performance, with strong financial metrics such as exceeding revenue and EBITDA expectations and successful debt reduction. However, challenges include flat core organic growth in Q1 and a projected revenue decline. The company's strategic focus on high-margin products and AI innovation is promising, but execution will be key moving forward.Q1-2025 Updates
Positive Updates
Revenue and Adjusted EBITDA Beat Expectations
Q1 revenue and adjusted EBITDA exceeded guidance midpoints, with adjusted EBITDA reaching $13.1 million and a 21% margin, up from 20% in 2024.
Free Cash Flow Exceeds Expectations
Q1 free cash flow was $7.9 million, higher than expected.
New Customer Wins and Expansions
Upland welcomed 107 new customers, including 19 major ones, and expanded relationships with 245 existing customers, 26 of which were major expansions.
AI-Enabled Product Recognition
Upland earned 76 badges in G2’s Spring 2025 report across its solutions, with notable recognition for AI-enabled products like Upland BA Insight and Upland InterFAX.
Improved Debt Position
Upland paid down $34.2 million of debt in Q1 2025, in addition to $189 million in 2024, reducing net leverage to an expected 3.7x by year-end.
Adjusted EBITDA Margin Growth
Adjusted EBITDA margin expected to expand to 26% in Q2 and 27% for the full year 2025, compared to 20% in 2024.
Negative Updates
Flat Core Organic Growth in Q1
Core organic growth rate was flat in Q1, although it is expected to move to 2% in Q2.
Revenue Decline Due to Divestitures
Divestiture of mobile messaging product lines lowered 2025 revenue guidance midpoint by $25 million.
Projected Revenue Decline
For the full year 2025, a report total revenue decline of 20% at the midpoint from 2024 is expected.
Termination of Chief Sales Officer
The company terminated its Chief Sales Officer in April, leading to changes in go-to-market strategy.
Company Guidance
During Upland Software's Q1 2025 earnings call, the company reported beating both revenue and adjusted EBITDA guidance midpoints, with Q1 adjusted EBITDA at $13.1 million and a margin of 21%. Despite a flat core organic growth rate in Q1, the company anticipates a 2% increase in Q2 and further growth throughout 2025. The call highlighted a significant expansion in adjusted EBITDA margins to 26% projected for Q2 and further increases expected in the second half of the year. Free cash flow was reported at $7.9 million, surpassing expectations. The company welcomed 107 new customers, including 19 major ones, and expanded relationships with 245 existing customers. Upland also completed divestitures, reducing its 2025 revenue guidance by $25 million but maintaining adjusted EBITDA guidance. The company emphasized its focus on high-margin, high-growth markets, projecting a full-year adjusted EBITDA margin of 27% and a decline in total revenue of 20% from 2024.Upland Software Corporate Events
Executive/Board Changes
Upland Software Eliminates Chief Sales Officer Role
Neutral
Apr 4, 2025
On April 1, 2025, Upland Software, Inc. eliminated the Chief Sales Officer position and terminated Oliver Yates, the CSO, without cause. Mr. Yates’s departure was not due to any disputes or disagreements with the company, including issues related to accounting or financial reporting, and he will receive severance as per his employment agreement.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.