Filing Flows › Upland Software (UPLD) › Q2 2026 › vs Q1 2026
Upland Software (UPLD) Q2 2026 vs Q1 2026 (quarter over quarter)
Upland Software's revenue rose $451K (+0.9%) from $48.7M in Q1 2026 to $49.1M in Q2 2026. The biggest changes: Total product revenue +$504K (+1%); Professional Services −$53K (-4%).
Upland Software, Q2 2026: revenue $49.1M (-8% year over year), operating margin -60.4%, net loss $35.3M, operating cash flow $5.4M. The chart draws each line against Q1 2026, the increases inside each band.
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Subscription and Support | $46.2M | $46.1M | $61K | +0.1% |
| Perpetual License | $1.7M | $1.3M | $443K | +34% |
| Total product revenue | $47.9M | $47.4M | $504K | +1% |
| Professional Services | $1.3M | $1.3M | −$53K | -4% |
| Revenue | $49.1M | $48.7M | $451K | +0.9% |
| Net loss | $35.3M | $1.2M | $34.1M | 29× |
| Costs & expenses | $84.5M | $49.9M | $34.5M | +69% |
| Operating costs | $78.8M | $43.6M | $35.2M | +81% |
| Interest & other, net | $4.8M | $5.3M | −$510K | -10% |
| Income tax | $841K | $986K | −$145K | -15% |
| Cost of revenue | $11.7M | $11.9M | −$264K | -2% |
| Research & development | $7.8M | $8.0M | −$278K | -3% |
| Sales & marketing | $9.5M | $9.5M | $37K | +0.4% |
| General & admin | $9.1M | $8.5M | $527K | +6% |
| Other operating costs | $40.8M | $5.7M | $35.2M | +622% |
| Operating cash sources | $40.7M | $6.8M | $33.9M | +495% |
| Depreciation & amortization | $6.4M | $6.6M | −$194K | -3% |
| Share-based compensation | $830K | $961K | −$131K | -14% |
| Working capital & other | $33.4M | −$752K | $34.2M | — |
| Net loss absorbed | $35.3M | $1.2M | $34.1M | 29× |
| Operating cash flow | $5.4M | $5.6M | −$233K | -4% |
Questions
How much did Upland Software's revenue grow quarter over quarter in Q2 2026?
Upland Software's revenue rose $451K (+0.9%) from $48.7M in Q1 2026 to $49.1M in Q2 2026.
What drove Upland Software's revenue change in Q2 2026?
Total product revenue +$504K (+1%); Professional Services −$53K (-4%).