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Upland Software (UPLD) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Upland Software (UPLD) Q3 2026 earnings results →
Q3 2026 Revenue down 6% year over year to $47.5M · 1¢ of every $1 of revenue lost · operating margin 11.2%
Upland Software made $47.5M in Q3 2026 (-6% Y/Y): Total product revenue $46.4M, Professional Services $1.1M. Operating margin 11.2%, net loss $451K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $47.5M in Q3 2026, down 6% year over year and down 3% from the previous quarter. Subscription and Support was the largest line at 95% of revenue. Subscription and Support lost $2.5M year over year (down 5%), 82% of the total change.
Gross margin was 75.8%, down 1.1 points from Q3 2025. Operating profit was $5.3M, a 11.2% margin (up 0.6 points year over year). Operating expenses fell 8% while revenue fell 6%. The quarter ended with a net loss of $451K, narrower than the previous quarter's $35.3M loss. Net interest and other expense of $4.9M was the main reason.
Operating cash flow was $2.8M (down 60% year over year). Non-cash charges added back $6.3M of depreciation and amortization and $723K of share-based compensation. Working capital and other items used $3.8M. After purchase of property and equipment ($110K), free cash flow as the company reports it was $2.7M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $47.5M | -6% | 11.2% | −$451K | $2.8M |
| Q2 2026 | 10-Q | Aug 14, 2026 | $49.1M | -8% | -60.4% | −$35.3M | $5.4M |
| Q1 2026 | 10-Q | May 1, 2026 | $48.7M | -24% | 10.4% | −$1.2M | $5.6M |
| Q4 2025 | 10-K | Mar 3, 2026 | $49.3M | -28% | 14.5% | $1.1M | $7.3M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $50.5M | -24% | 10.6% | −$1.1M | $6.9M |
| Q2 2025 | 10-Q | Jul 31, 2025 | $53.4M | -23% | -13.2% | −$13.0M | $3.3M |
| Q1 2025 | 10-Q | May 12, 2025 | $63.7M | -10% | -1.7% | −$25.8M | $8.3M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Upland Software
Upland is a leader in AI-powered knowledge and content management software. Our solutions help enterprises unlock critical knowledge, automate content workflows, and drive measurable ROI in the following business functions: • Knowledge Management. Upland provides Knowledge Management solutions designed to help organizations capture, organize, and distribute information to employees and customers. These solutions support internal knowledge sharing, customer self-service, and contact center operations by enabling access to accurate and up-to-date information. Features include AI-driven search, content recommendations, and workflow integrations aimed at improving information accessibility and operational efficiency.
In its own words, from its 10-K, filed Mar 3, 2026.
Upland Software against its Services-Prepackaged Software peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -6% against the peers' median +14%. Operating margin: 11.2% against the peers' median 15.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| UPLD Upland Software | Q3 2026 | $47.5M | -6% | 11.2% |
| MSFT Microsoft | Q1 FY27 | $92.3B | +19% | 49.8% |
| ORCL Oracle | Q1 FY27 | $19.3B | +30% | 34.8% |
| CRM Salesforce | Q2 FY27 | $11.3B | +11% | 20.5% |
| ADBE Adobe | Q3 FY26 | $6.8B | +13% | 34.8% |
| XYZ Block | Q3 2026 | $6.7B | +10% | 6.4% |
| INTU Intuit | Q4 FY26 | $4.4B | +14% | 10.9% |
| NOW ServiceNow | Q3 2026 | $4.1B | +20% | 9.4% |
| SHOP Shopify | Q3 2026 | $3.7B | +32% | 15.2% |
Source: Upland Software 10-Q on SEC EDGAR · CIK 1505155 · Services-Prepackaged Software
Guidance and outlook
13F: who owns UPLD and who is buying
More on UPLD
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results