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Upland Software, Inc. (UPLD) 10-Year Financial Performance & Capital Metrics

UPLD • • Industrial / General
TechnologyApplication SoftwareHuman Capital ManagementWorkforce Management
AboutUpland Software, Inc. provides cloud-based enterprise work management software in the United States, the United Kingdom, Canada, and internationally. It offers a family of software applications under the Upland brand in the areas of marketing, sales, contact center, project management, information technology, business operations, and human resources and legal. The company also provides professional services, such as implementation, data extraction, integration and configuration, and training services, as well as customer support services. It serves large global corporations, various government agencies, and small and medium-sized businesses, as well as financial, consulting, technology, manufacturing, media, telecommunication, political, healthcare, life sciences, retail and hospitality, and non-profit industries through direct and indirect sales organizations. The company was formerly known as Silverback Enterprise Group, Inc. and changed its name to Upland Software, Inc. in November 2013. Upland Software, Inc. was incorporated in 2010 and is headquartered in Austin, Texas.Show more
  • Revenue $275M -7.7%
  • EBITDA -$47M +48.5%
  • Net Income -$113M +37.3%
  • EPS (Diluted) -4.26 +26.2%
  • Gross Margin 70.49% +4.2%
  • EBITDA Margin -17.22% +44.2%
  • Operating Margin -37.23% +32.4%
  • Net Margin -41.02% +32.1%
  • ROE -64.63% -19.5%
  • ROIC -18.52% +10.8%
  • Debt/Equity 2.78 +41.2%
  • Interest Coverage -11.44 -30.4%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 7/9
  • ✓Share count reduced 13.4% through buybacks
  • ✓Trading at only 0.4x book value

✗Weaknesses

  • ✗High debt to equity ratio of 2.8x
  • ✗Weak momentum: RS Rating 14 (bottom 14%)
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y15.58%
5Y4.3%
3Y-3.1%
TTM-15.54%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM65.34%

EPS CAGR

10Y-
5Y-
3Y-
TTM61.2%

ROCE

10Y Avg-8.12%
5Y Avg-9.65%
3Y Avg-13.82%
Latest-17.81%

Peer Comparison

Workforce Management
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Sector-Specific
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AGYSAgilysys, Inc.3.16B112.71137.4516.07%8.12%8.21%1.66%0.18
QHQuhuo Limited1.02M1.0315.85-17.71%0.08%0.52%0.26
UPLDUpland Software, Inc.43.05M1.49-0.35-7.74%-18.43%-64.63%54.26%2.78
RYDERyde Group Ltd.34.11M0.31-0.363.27%-136.6%-8.23%0.03
ASANAsana, Inc.1.8B11.42-10.2910.94%-28.32%-116.32%0.52%1.18
TEAMAtlassian Corporation22.17B131.96-134.6519.66%-3.38%-13.4%6.38%0.92

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+69.91M74.77M97.95M149.88M222.64M291.78M302.02M317.3M297.85M274.79M
Revenue Growth %0.08%0.07%0.31%0.53%0.49%0.31%0.04%0.05%-0.06%-0.08%
Cost of Goods Sold+26.67M27.57M33.65M48.59M69.12M98.45M99.45M103.74M96.36M81.09M
COGS % of Revenue0.38%0.37%0.34%0.32%0.31%0.34%0.33%0.33%0.32%0.3%
Gross Profit+43.24M47.2M64.31M101.3M153.52M193.33M202.56M213.56M201.49M193.7M
Gross Margin %0.62%0.63%0.66%0.68%0.69%0.66%0.67%0.67%0.68%0.7%
Gross Profit Growth %0.04%0.09%0.36%0.58%0.52%0.26%0.05%0.05%-0.06%-0.04%
Operating Expenses+51.01M50.14M60.35M88.16M177.83M217.15M237.24M253.79M365.41M296M
OpEx % of Revenue0.73%0.67%0.62%0.59%0.8%0.74%0.79%0.8%1.23%1.08%
Selling, General & Admin31.17M30.45M38.6M52.98M83.25M114.15M132M129.88M125.61M115.76M
SG&A % of Revenue0.45%0.41%0.39%0.35%0.37%0.39%0.44%0.41%0.42%0.42%
Research & Development15.78M14.92M15.79M21.32M29.04M39M42.69M46.19M49.38M47.37M
R&D % of Revenue0.23%0.2%0.16%0.14%0.13%0.13%0.14%0.15%0.17%0.17%
Other Operating Expenses-544K-678K289K-1.78M65.54M63.99M62.55M77.72M190.43M132.87M
Operating Income+-10.22M-8.52M-11.14M-4.7M-24.31M-23.81M-34.68M-40.23M-163.92M-102.3M
Operating Margin %-0.15%-0.11%-0.11%-0.03%-0.11%-0.08%-0.11%-0.13%-0.55%-0.37%
Operating Income Growth %0.44%0.17%-0.31%0.58%-4.17%0.02%-0.46%-0.16%-3.07%0.38%
EBITDA+-1.77M1.27M778K16.64M10.31M23.35M18.25M15.92M-91.93M-47.31M
EBITDA Margin %-0.03%0.02%0.01%0.11%0.05%0.08%0.06%0.05%-0.31%-0.17%
EBITDA Growth %0.84%1.72%-0.39%20.39%-0.38%1.26%-0.22%-0.13%-6.78%0.49%
D&A (Non-Cash Add-back)8.45M9.79M11.91M21.35M34.62M47.16M52.93M56.15M71.98M54.99M
EBIT-10.77M-9.81M-10.85M-7.78M-29.86M-23.92M-34.93M-41.01M-163.68M-101.15M
Net Interest Income+-1.86M-2.78M-6.58M-13.27M-22.31M-31.53M-31.63M-29.14M-18.68M-8.94M
Interest Income0000000000
Interest Expense1.86M2.78M6.58M13.27M22.31M31.53M31.63M29.14M18.68M8.94M
Other Income/Expense-2.4M-3.46M-6.29M-15.05M-27.87M-31.64M-31.88M-29.93M-18.45M-7.8M
Pretax Income+-12.63M-11.98M-17.43M-19.76M-52.18M-55.45M-66.56M-70.15M-182.37M-110.09M
Pretax Margin %-0.18%-0.16%-0.18%-0.13%-0.23%-0.19%-0.22%-0.22%-0.61%-0.4%
Income Tax+1.04M1.53M1.3M-9.81M-6.8M-4.23M-8.34M-1.74M-2.49M2.64M
Effective Tax Rate %1.08%1.13%1.07%0.5%0.87%0.92%0.87%0.98%0.99%1.02%
Net Income+-13.66M-13.51M-18.73M-9.95M-45.37M-51.22M-58.21M-68.41M-179.87M-112.73M
Net Margin %-0.2%-0.18%-0.19%-0.07%-0.2%-0.18%-0.19%-0.22%-0.6%-0.41%
Net Income Growth %0.32%0.01%-0.39%0.47%-3.56%-0.13%-0.14%-0.18%-1.63%0.37%
Net Income (Continuing)-13.66M-13.51M-18.73M-10.84M-45.37M-51.22M-58.21M-68.41M-179.87M-112.73M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+-0.91-0.82-1.02-0.50-1.96-1.92-1.92-2.23-5.77-4.26
EPS Growth %0.78%0.1%-0.24%0.51%-2.92%0.02%0%-0.16%-1.59%0.26%
EPS (Basic)-0.91-0.82-1.02-0.50-1.96-1.92-1.92-2.23-5.77-4.26
Diluted Shares Outstanding14.94M16.47M18.41M19.99M23.1M26.63M30.3M31.53M32.07M27.79M
Basic Shares Outstanding14.94M16.47M18.41M19.99M23.1M26.63M30.3M31.53M32.07M27.79M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+35.05M47.3M51.69M66.1M238.88M317.54M262.99M321.3M300.23M118.39M
Cash & Short-Term Investments18.47M28.76M22.33M16.74M175.02M250.03M189.16M248.65M236.56M56.43M
Cash Only18.47M28.76M22.33M16.74M175.02M250.03M189.16M248.65M236.56M56.43M
Short-Term Investments0000000000
Accounts Receivable13.97M15.25M26.5M44.53M56.05M49.03M55.3M52.91M45.24M42.85M
Days Sales Outstanding72.9574.4798.76108.4591.8961.3466.8360.8655.4456.92
Inventory0002.63M05.78M010.96M00
Days Inventory Outstanding---19.78-21.44-38.56--
Other Current Assets2.6M3.29M2.86M2.63M3.06M09.82M542K18.43M19.12M
Total Non-Current Assets+87.37M103.29M229.57M417.99M657.95M693.68M766.02M792.16M569.79M411.13M
Property, Plant & Equipment6M4.36M2.93M2.83M11.97M12.9M9.12M7.55M4.86M2.88M
Fixed Asset Turnover11.65x17.16x33.46x53.02x18.59x22.61x33.11x42.03x61.27x95.35x
Goodwill47.42M69.1M154.61M226.21M346.13M383.6M457.47M477.04M353.78M260.98M
Intangible Assets31.53M28.51M70.04M179.57M282.73M279.98M279.92M248.85M182.35M123.9M
Long-Term Investments2.02M978K1.2M-24.51M02.43M043.58M15.93M10.69M
Other Non-Current Assets2.42M1.32M2M9.38M17.11M-30.35M19.5M-46.05M12.88M12.68M
Total Assets+122.41M150.59M281.26M484.09M896.83M1.01B1.03B1.11B870.02M529.52M
Asset Turnover0.57x0.50x0.35x0.31x0.25x0.29x0.29x0.28x0.34x0.52x
Asset Growth %-0.1%0.23%0.87%0.72%0.85%0.13%0.02%0.08%-0.22%-0.39%
Total Current Liabilities+34M39.7M75.14M107.65M129.37M121.42M156.44M151.21M130.65M120.42M
Accounts Payable2.55M1.27M3.89M3.49M5.9M5.39M20.36M14.94M8.14M9.39M
Days Payables Outstanding34.8716.7942.1726.2531.182074.7352.5630.8242.26
Short-Term Debt1.5M2.19M2.3M6.01M3.19M3.17M3.17M3.14M3.17M3.22M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities2.44M2.54M5.16M6.58M11.56M8.14M9.83M16.07M7.17M6.23M
Current Ratio1.03x1.19x0.69x0.61x1.85x2.62x1.68x2.12x2.30x0.98x
Quick Ratio1.03x1.19x0.69x0.59x1.85x2.57x1.68x2.05x2.30x0.98x
Cash Conversion Cycle---101.98-62.78-46.86--
Total Non-Current Liabilities+28.14M51.88M114.7M288.24M554.6M583.18M556.27M541.09M495.44M304.18M
Long-Term Debt22.37M45.74M108.84M273.71M521.88M518.44M515.16M511.85M473.5M286.97M
Capital Lease Obligations00005.86M8.39M6.77M4.95M1.6M762K
Deferred Tax Liabilities2.82M3.4M3.26M13.31M25.68M24.09M22.79M18.42M16.02M11.35M
Other Non-Current Liabilities2.95M2.49M1.03M640K676K30.68M9.49M1.17M461K428K
Total Liabilities62.14M91.58M189.84M395.89M683.97M704.61M712.72M692.3M626.09M424.6M
Total Debt+23.87M47.93M111.14M279.73M533.47M533.3M528.65M523.13M480.62M291.96M
Net Debt5.39M19.17M88.82M262.99M358.44M283.28M339.49M274.48M244.06M235.53M
Debt / Equity0.40x0.81x1.22x3.17x2.51x1.74x1.67x1.24x1.97x2.78x
Debt / EBITDA-37.74x142.86x16.81x51.72x22.84x28.97x32.86x--
Net Debt / EBITDA-15.10x114.16x15.80x34.75x12.13x18.60x17.24x--
Interest Coverage-5.50x-3.07x-1.69x-0.35x-1.09x-0.76x-1.10x-1.38x-8.77x-11.44x
Total Equity+60.27M59.01M91.42M88.2M212.86M306.62M316.29M421.16M243.93M104.92M
Equity Growth %-0.16%-0.02%0.55%-0.04%1.41%0.44%0.03%0.33%-0.42%-0.57%
Book Value per Share4.033.584.974.419.2111.5110.4413.367.613.78
Total Shareholders' Equity60.27M59.01M91.42M88.2M212.86M306.62M316.29M421.16M243.93M104.92M
Common Stock2K2K2K2K3K3K3K3K3K3K
Retained Earnings-48.89M-62.4M-81.13M-84.78M-131.05M-182.37M-240.59M-309M-488.87M-601.6M
Treasury Stock0000000000
Accumulated OCI-3.29M-3.15M-2.4M-7.5M-1.22M-26.23M-11.51M11.11M6.17M-21.99M
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-1.5M3.88M7.72M7.35M12.08M35.62M41.74M29.98M49.94M24.24M
Operating CF Margin %-0.02%0.05%0.08%0.05%0.05%0.12%0.14%0.09%0.17%0.09%
Operating CF Growth %-2.28%3.58%0.99%-0.05%0.64%1.95%0.17%-0.28%0.67%-0.51%
Net Income-13.66M-13.51M-18.73M-9.95M-45.37M-51.22M-58.21M-68.41M-179.87M-112.73M
Depreciation & Amortization8.45M9.79M11.91M21.35M34.62M47.16M52.93M56.15M71.98M54.99M
Stock-Based Compensation2.74M4.33M9.98M14.13M25.75M41.69M53.87M41.6M22.87M15.27M
Deferred Taxes207K529K-262K268K-9.43M-7.53M-11.18M-7.08M-4.21M-3.66M
Other Non-Cash Items1.36M1.28M191K3.55M9.24M7.82M6.71M26.95M138.46M86.42M
Working Capital Changes-595K1.45M4.62M-22M-2.73M-2.31M-2.38M-19.23M709K-16.04M
Change in Receivables741K-361K-4.71M-5.21M3.16M10.36M-1.67M9.69M8.92M-328K
Change in Inventory-923K1.06M5.27M-20.41M-9.69M-16.41M-17.16M000
Change in Payables157K-1.45M1.25M-3.4M-73K-3.08M10.87M-7.17M-6.9M1.34M
Cash from Investing+-9.41M-13.23M-110.78M-161.69M-217.76M-68.97M-93.53M-63.22M-1.22M-882K
Capital Expenditures-1.75M-1.08M-451K-935K-1.74M-1.31M-1.11M-866K-1.22M-882K
CapEx % of Revenue0.02%0.01%0%0.01%0.01%0%0%0%0%0%
Acquisitions----------
Investments----------
Other Investing-791K-408K-55K0000000
Cash from Financing+-1.22M19.52M96.18M149.92M363.77M107.9M-8.18M94.15M-61.38M-202.31M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing-359K-2.08M-8.75M-18.26M-29.35M-14.71M-2.06M-11.09M-6.93M-2.95M
Net Change in Cash----------
Free Cash Flow+-3.25M2.8M7.26M6.41M10.34M34.3M40.62M29.11M48.72M23.36M
FCF Margin %-0.05%0.04%0.07%0.04%0.05%0.12%0.13%0.09%0.16%0.08%
FCF Growth %-11.28%1.86%1.6%-0.12%0.61%2.32%0.18%-0.28%0.67%-0.52%
FCF per Share-0.220.170.390.320.451.291.340.921.520.84
FCF Conversion (FCF/Net Income)0.11x-0.29x-0.41x-0.74x-0.27x-0.70x-0.72x-0.44x-0.28x-0.22x
Interest Paid1.52M2.46M6.01M12.43M23.86M29.92M29.43M29.12M32.14M28.9M
Taxes Paid314K488K1.78M3.35M3.56M3.19M2.85M3.88M7.11M2.02M

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-20.76%-22.66%-24.9%-11.08%-30.14%-19.72%-18.69%-18.55%-54.09%-64.63%
Return on Invested Capital (ROIC)-11.85%-8.89%-6.46%-1.33%-3.95%-3.08%-4.18%-4.47%-20.77%-18.52%
Gross Margin61.85%63.13%65.65%67.58%68.96%66.26%67.07%67.31%67.65%70.49%
Net Margin-19.54%-18.07%-19.12%-6.64%-20.38%-17.55%-19.27%-21.56%-60.39%-41.02%
Debt / Equity0.40x0.81x1.22x3.17x2.51x1.74x1.67x1.24x1.97x2.78x
Interest Coverage-5.50x-3.07x-1.69x-0.35x-1.09x-0.76x-1.10x-1.38x-8.77x-11.44x
FCF Conversion0.11x-0.29x-0.41x-0.74x-0.27x-0.70x-0.72x-0.44x-0.28x-0.22x
Revenue Growth8.26%6.95%31.01%53.02%48.54%31.06%3.51%5.06%-6.13%-7.74%

Revenue by Segment

2015201620172018201920202021202220232024
Product---140.48M----287.63M266.52M
Product Growth----------7.34%
Subscription And Support---40.5M51.7M69.6M83.1M98.3M281.55M260.69M
Subscription And Support Growth----27.65%34.62%19.40%18.29%186.42%-7.41%
Professional Services---2.8M2.1M3.3M2.2M3M10.22M8.27M
Professional Services Growth-----25.00%57.14%-33.33%36.36%240.70%-19.07%
Perpetual License--------6.08M5.84M
Perpetual License Growth----------3.95%
Subscription Contracts---114.8M------
Subscription Contracts Growth----------

Revenue by Geography

2015201620172018201920202021202220232024
UNITED STATES56.78M-79.84M106.63M140.88M206.32M205.88M211.44M201.25M187.76M
UNITED STATES Growth---33.55%32.12%46.45%-0.21%2.70%-4.82%-6.70%
CANADA4.28M4.09M4.38M5.39M10.5M14.83M13.87M17.3M13.64M12.79M
CANADA Growth--4.44%7.07%23.20%94.70%41.18%-6.47%24.76%-21.15%-6.24%

Frequently Asked Questions

Growth & Financials

Upland Software, Inc. (UPLD) reported $235.6M in revenue for fiscal year 2024. This represents a 935% increase from $22.8M in 2012.

Upland Software, Inc. (UPLD) saw revenue decline by 7.7% over the past year.

Upland Software, Inc. (UPLD) reported a net loss of $43.4M for fiscal year 2024.

Dividend & Returns

Upland Software, Inc. (UPLD) has a return on equity (ROE) of -64.6%. Negative ROE indicates the company is unprofitable.

Upland Software, Inc. (UPLD) generated $26.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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