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UPLDUpland Software, Inc.
$4.10$12M
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HomeStocksUPLDBalance Sheet

Upland Software, Inc. (UPLD) Balance Sheet

14Y historyFree accessUpdated daily

The company's financial position is increasingly precarious, as evidenced by a current ratio that has deteriorated to 0.84 in 2026Q1, down from 2.30 in 2023Q4.

UPLD Balance Sheet

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly
MetricTTMDec'25Dec'24Dec'23Dec'22Dec'21Dec'20Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Total Current Assets73.51M75.25M118.39M300.23M321.3M262.99M317.54M238.88M66.1M51.69M47.3M35.05M47.62M18.29M14.28M
Cash & Short-Term Investments29.78M29.4M56.43M236.56M248.65M189.16M250.03M175.02M16.74M22.33M28.76M18.47M30.99M4.7M3.89M
Cash Only29.78M29.4M56.43M236.56M248.65M189.16M250.03M175.02M16.74M22.33M28.76M18.47M30.99M4.7M3.89M
Short-Term Investments000000000000000
Accounts Receivable23.62M31.42M42.85M45.24M52.91M55.3M49.03M56.05M44.53M26.5M15.25M13.97M14.56M11.03M9.49M
Days Sales Outstanding49.6652.8756.9255.4460.8666.8361.3491.89108.4598.7674.4772.9582.2997.7152.15
Inventory2M00010.96M05.78M02.63M000000
Days Inventory Outstanding3.75---38.56-21.44-19.78------
Other Current Assets10.99M14.44M19.12M18.43M542K9.82M03.06M2.63M2.86M3.29M2.6M000
Total Non-Current Assets330.24M337.92M411.13M569.79M792.16M766.02M693.68M657.95M417.99M229.57M103.29M87.37M88.15M76.56M53.53M
Property, Plant & Equipment3.22M3.53M2.88M4.86M7.55M9.12M12.9M11.97M2.83M2.93M4.36M6M3.93M3.94M1.41M
Fixed Asset Turnover55.30x61.47x95.35x61.27x42.03x33.11x22.61x18.59x53.02x33.46x17.16x11.65x16.43x10.45x16.18x
Goodwill258.28M259.63M260.98M353.78M477.04M457.47M383.6M346.13M226.21M154.61M69.1M47.42M45.15M33.63M21.09M
Intangible Assets55.36M62.32M123.9M182.35M248.85M279.92M279.98M282.73M179.57M70.04M28.51M31.53M34.75M34.75M26.39M
Long-Term Investments8.9M863K10.69M15.93M43.58M02.43M0-24.51M1.2M978K2.02M000
Other Non-Current Assets12.54M11.58M12.68M12.88M-46.05M19.5M-30.35M17.11M9.38M2M1.32M2.42M4.32M4.24M4.64M
Total Assets402.66M413.18M529.52M870.02M1.11B1.03B1.01B896.83M484.09M281.26M150.59M122.41M135.77M94.85M67.81M
Asset Turnover0.48x0.52x0.52x0.34x0.28x0.29x0.29x0.25x0.31x0.35x0.50x0.57x0.48x0.43x0.34x
Asset Growth %-100.43%-21.97%-39.14%-21.86%8.21%1.76%12.76%85.26%72.12%86.77%23.02%-9.83%43.14%39.88%-
Total Current Liabilities87.23M93.76M120.42M130.65M151.21M156.44M121.42M129.37M107.65M75.14M39.7M34M45.45M29.56M25.23M
Accounts Payable2.29M2.14M9.39M8.14M14.94M20.36M5.39M5.9M3.49M3.89M1.27M2.55M2.26M1.28M1.84M
Days Payables Outstanding17.379.5742.2630.8252.5674.732031.1826.2542.1716.7934.8735.6534.6992.02
Short-Term Debt4.13M7.74M3.22M3.17M3.14M3.17M3.17M3.19M6.01M2.3M2.19M1.5M10.96M5.25M3.8M
Deferred Revenue (Current)287.7M74.77M93.71M102.76M106.47M102.85M87.55M76.56M57.63M43.81M23.55M19.93M21.18M16.62M15.69M
Other Current Liabilities3.98M4.36M6.23M7.17M16.07M9.83M8.14M11.56M6.58M5.16M2.54M2.44M2.37M2.73M0
Current Ratio0.84x0.80x0.98x2.30x2.12x1.68x2.62x1.85x0.61x0.69x1.19x1.03x1.05x0.62x0.57x
Quick Ratio0.82x0.80x0.98x2.30x2.05x1.68x2.57x1.85x0.59x0.69x1.19x1.03x1.05x0.62x0.57x
Cash Conversion Cycle36.04---46.86-62.78-101.98------
Total Non-Current Liabilities237.24M238.71M304.18M495.44M541.09M556.27M583.18M554.6M288.24M114.7M51.88M28.14M18.92M30.63M19.27M
Long-Term Debt223.54M224.67M286.97M473.5M511.85M515.16M518.44M521.88M273.71M108.84M45.74M22.37M12.41M23.44M10.92M
Capital Lease Obligations8.09M1.97M762K1.6M4.95M6.77M8.39M5.86M0000000
Deferred Tax Liabilities30.44M6.72M11.35M16.02M18.42M22.79M24.09M25.68M13.31M3.26M3.4M2.82M3.01M3.08M4.29M
Other Non-Current Liabilities519K505K428K461K1.17M9.49M30.68M676K640K1.03M2.49M2.95M3.32M3.7M3.24M
Total Liabilities324.47M332.47M424.6M626.09M692.3M712.72M704.61M683.97M395.89M189.84M91.58M62.14M64.37M60.19M44.49M
Total Debt230.28M235.19M291.96M480.62M523.13M528.65M533.3M533.47M279.73M111.14M47.93M23.87M23.37M28.68M14.72M
Net Debt200.5M205.8M235.53M244.06M274.48M339.49M283.28M358.44M262.99M88.82M19.17M5.39M-7.62M23.98M10.83M
Debt / Equity2.95x2.91x2.78x1.97x1.24x1.67x1.74x2.51x3.17x1.22x0.81x0.40x0.33x0.83x0.63x
Debt / EBITDA6.90x4.82x--32.86x28.97x22.84x51.72x16.81x142.86x37.74x--29.39x-
Net Debt / EBITDA6.01x4.22x--17.24x18.60x12.13x34.75x15.80x114.16x15.10x--24.57x-
Interest Coverage0.41x-1.45x-11.32x-8.76x-1.41x-1.10x-0.76x-1.34x-0.59x-1.65x-3.53x-5.79x-9.35x-1.81x-7.28x
Total Equity78.19M80.71M104.92M243.93M421.16M316.29M306.62M212.86M88.2M91.42M59.01M60.27M71.4M34.66M23.31M
Equity Growth %-205.56%-23.08%-56.99%-42.08%33.16%3.15%44.04%141.34%-3.52%54.91%-2.09%-15.58%106.02%48.66%-
Book Value per Share26.8228.2037.7676.05133.58104.40115.1392.1544.1349.6535.8240.34146.0134.45233.91
Total Shareholders' Equity78.19M80.71M104.92M243.93M421.16M316.29M306.62M212.86M88.2M91.42M59.01M60.27M71.4M34.66M23.31M
Common Stock3K3K3K3K3K3K3K3K2K2K2K2K2K0104K
Retained Earnings-641.74M-640.51M-601.6M-488.87M-309M-240.59M-182.37M-131.05M-84.78M-81.13M-62.4M-48.89M-35.23M-15.11M-4.08M
Treasury Stock000000000000000
Accumulated OCI-17.31M-15.14M-21.99M6.17M11.11M-11.51M-26.23M-1.22M-7.5M-2.4M-3.15M-3.29M-1.72M-773K-104K
Minority Interest000000000000000

Key Metrics

Growth RegimeContracting
ProfitabilityNegative
Balance SheetVulnerable
Cash FlowDeteriorating
Top Statement Risk

Eroding equity and liquidity

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q1)

Balance Sheet Erosion Accelerates Rapidly

According to recent quarterly filings, UPLD's total assets have plummeted from $870.0 million in 2023Q4 to $402.7 million in 2026Q1, reflecting a significant contraction in the company's resource base as it struggles to maintain its operational footprint amidst persistent revenue declines and ongoing structural instability.

The consistent reduction in total assets suggests that the company is shedding value or failing to replace depreciating assets, which may indicate a long-term contraction of the business model. Investors should monitor whether this trajectory represents a strategic downsizing or an involuntary liquidation of the company's core software assets.

Liquidity Buffers Remain Critically Thin

As reported in financial statements, UPLD's current ratio has deteriorated from 2.30 in 2023Q4 to 0.84 in 2026Q1, signaling that the company's ability to cover short-term obligations with liquid assets has become increasingly compromised as cash reserves dwindle relative to current liabilities.

A current ratio consistently below 1.0 suggests that the company may face significant challenges in meeting its near-term financial commitments without external financing or further asset divestitures. This lack of a liquidity buffer leaves the firm highly susceptible to operational shocks or unexpected increases in working capital requirements.

Goodwill Dominates Shrinking Asset Base

Based on UPLD's reported figures, goodwill accounts for approximately $258.3 million of the $402.7 million total asset base as of 2026Q1, which implies that the company's valuation is heavily reliant on intangible assets that may be subject to future impairment charges if performance continues to lag.

The high concentration of goodwill relative to total assets suggests that the company's balance sheet is sensitive to the perceived value of past acquisitions, which may no longer be generating the expected economic returns. This reliance on intangibles warrants further investigation into the potential for significant write-downs that could further erode the company's equity position.

Equity Base Facing Severe Pressure

As indicated by the provided data, UPLD's equity has declined from $243.9 million in 2023Q4 to $78.2 million in 2026Q1, a trend driven by the accumulation of massive retained earnings deficits that now total over $641 million, signaling a profound erosion of shareholder value over time.

The persistent growth of the retained earnings deficit suggests that the company has been unable to generate consistent profitability, effectively consuming its equity base to fund operations. Investors should consider the implications of this capital depletion on the company's long-term solvency and its ability to sustain operations without further dilutive financing.

UPLD — Frequently Asked Questions

Quick answers to the most common questions about buying UPLD stock.

What are the total assets of Upland Software, Inc. (UPLD)?

As of 2025, Upland Software, Inc. (UPLD) had total assets of $413.2M including $75.3M in current assets.

How much debt does Upland Software, Inc. (UPLD) have?

Upland Software, Inc. (UPLD) carries total debt of $235.2M, offset by $29.4M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.

What is the book value or shareholders' equity of Upland Software, Inc.?

Upland Software, Inc. (UPLD) has total shareholders' equity (book value) of $80.7M ($28.20 book value per share). Book value represents the net worth of the company belonging to common stock holders.

What is Upland Software, Inc.'s current ratio and liquidity?

Upland Software, Inc. (UPLD) reported a current ratio of 0.80x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.