Filing Flows › Upland Software (UPLD) › Q2 2026
Upland Software (UPLD) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 14, 2026
Upland Software (UPLD) reported revenue of $49.1M for the second quarter 2026 (Q2 2026), -8% from a year earlier and +0.9% from the quarter before. Operating margin was -60.4%, net loss $35.3M (71.9% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $49.1M | +0.9% | -8% |
| Operating profit | −$29.7M | -688% | — |
| Net earnings | −$35.3M | — | — |
| Operating cash flow | $5.4M | -4% | +63% |
| Free cash flow | $5.3M | — | +99% |
What changed
Revenue was $49.1M in Q2 2026, down 8% year over year and up 1% from the previous quarter. Subscription and Support was the largest line at 94% of revenue. Subscription and Support lost $4.3M year over year (down 9%), 102% of the total change.
Gross margin was 76.3%, up 1.4 points from Q2 2025. Operating costs exceeded revenue by $29.7M, an operating margin of -60.4%. Operating expenses grew 43% against a revenue fall of 8%. The fastest-growing cost line was Other operating costs (+152%). The quarter ended with a net loss of $35.3M, wider than the previous quarter's $1.2M loss.
Operating cash flow was $5.4M (up 63% year over year). Non-cash charges added back $6.4M of depreciation and amortization and $830K of share-based compensation. Working capital and other items added $33.4M. After purchase of property and equipment ($87K), free cash flow as the company reports it was $5.3M.
Questions
What was Upland Software's revenue in the second quarter 2026?
Upland Software (UPLD) reported revenue of $49.1M for the second quarter 2026 (Q2 2026), -8% from a year earlier and +0.9% from the quarter before.
Was Upland Software profitable in the second quarter 2026?
Operating loss was $29.7M (-60.4% of revenue) and net loss $35.3M.
Source: Upland Software 10-Q on SEC EDGAR.