# UPLAND SOFTWARE, INC. (UPLD) · Edgar & Edgarette company card

> Upland Software (UPLD) saw revenue fall 21.1% in FY2025 to $217 million, operating margin 2.0% against a 0.9% median for prepackaged software, equity -11.7% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1505155 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/UPLD) · [JSON](https://www.pops4.com/boards/company/UPLD.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $217M |
| Revenue growth, 1 year | -21.1% |
| Revenue growth per year | -7.9% |
| Operating margin | 2.0% (prior year -37.2%) |
| Net margin | -17.9% |
| Operating cash flow | $26M |
| Capital spending | $1M |
| Free cash flow | $24M |
| Cash | $29M |
| Long-term debt | $232M |
| Total assets | $413M |
| Total equity | −$48M |
| Equity ÷ assets | -11.7% |
| Return on equity | — |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -5.43 (distress zone)
- Piotroski F: 5 of 9 (middling)
- Beneish M: -3.54 (below the −1.78 line)
- Health Harbor boat: Weathered boat · two warning signs · filed auditor change in the last 12 months; liabilities exceed assets (often from years of share buybacks, not always distress)
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $216.9M (FY2025), total debt $232.4M. Experience: revenue down 21.1% on the year, down 7.9% a year over 4 years; operating margin 2.0%, up from -37.2%. Soundness: equity -11.7% of assets (liabilities exceed assets). Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $148.3M and $212.8M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $135.3M to $234.0M. A statistical range, not company guidance. Against peers (140 filers, $50M+ revenue, services-prepackaged software): operating margin 2.0% against a 0.9% median; growth -21.1% against 13.0%.

Range logged 2026-11-01, receipt 51a757fe62f0a152, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 3.01 Exchange listing notice or transfer: 2, latest 2026-08-05 ([filing](https://www.sec.gov/Archives/edgar/data/1505155/000150515526000062/0001505155-26-000062-index.htm))
- Item 4.01 Auditor change: 1, latest 2026-03-13 ([filing](https://www.sec.gov/Archives/edgar/data/1505155/000150515526000009/0001505155-26-000009-index.htm))
- Item 5.02 Director or officer change: 4, latest 2026-07-21 ([filing](https://www.sec.gov/Archives/edgar/data/1505155/000150515526000059/0001505155-26-000059-index.htm))

## Recent filings

- 8-K · filed 2026-11-09 · 1.01 Entry into a Material Definitive Agreement; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1505155/000150515526000083/0001505155-26-000083-index.htm)
- 10-Q · filed 2026-11-04 · [filing](https://www.sec.gov/Archives/edgar/data/1505155/000150515526000079/0001505155-26-000079-index.htm)
- 8-K · filed 2026-11-04 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1505155/000150515526000078/0001505155-26-000078-index.htm)
- 10-Q · filed 2026-08-14 · [filing](https://www.sec.gov/Archives/edgar/data/1505155/000150515526000070/0001505155-26-000070-index.htm)
- 8-K · filed 2026-08-14 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1505155/000150515526000068/0001505155-26-000068-index.htm)
- 8-K · filed 2026-08-05 · 3.01 Notice of Delisting or Failure to Satisfy a Listing Rule · [filing](https://www.sec.gov/Archives/edgar/data/1505155/000150515526000062/0001505155-26-000062-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001505155.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1505155

## Cite

POPS4, Edgar & Edgarette: UPLAND SOFTWARE, INC. (UPLD) company card, from the company's own SEC filings, accessed 2026-11-10, https://www.pops4.com/boards/company/UPLD. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.