Filing Flows › Upland Software (UPLD) › Q3 2026 › vs Q2 2026
Upland Software (UPLD) Q3 2026 vs Q2 2026 (quarter over quarter)
Upland Software's revenue fell $1.6M (-3%) from $49.1M in Q2 2026 to $47.5M in Q3 2026. The biggest changes: Total product revenue −$1.5M (-3%); Professional Services −$165K (-13%).
Upland Software, Q3 2026: revenue $47.5M (-6% year over year), operating margin 11.2%, net loss $451K, operating cash flow $2.8M. The chart draws each line against Q2 2026, the increases inside each band.
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Subscription and Support | $45.3M | $46.2M | −$893K | -2% |
| Perpetual License | $1.2M | $1.7M | −$558K | -32% |
| Total product revenue | $46.4M | $47.9M | −$1.5M | -3% |
| Professional Services | $1.1M | $1.3M | −$165K | -13% |
| Revenue | $47.5M | $49.1M | −$1.6M | -3% |
| Net loss | $451K | $35.3M | −$34.9M | -99% |
| Costs & expenses | $48.0M | $84.5M | −$36.5M | -43% |
| Operating costs | $42.2M | $78.8M | −$36.6M | -46% |
| Interest & other, net | $4.9M | $4.8M | $146K | +3% |
| Income tax | $855K | $841K | $14K | +2% |
| Cost of revenue | $11.5M | $11.7M | −$151K | -1% |
| Research & development | $7.8M | $7.8M | $15K | +0.2% |
| Sales & marketing | $9.0M | $9.5M | −$533K | -6% |
| General & admin | $8.4M | $9.1M | −$667K | -7% |
| Other operating costs | $5.5M | $40.8M | −$35.3M | -86% |
| Operating cash sources | $7.0M | $7.3M | −$242K | -3% |
| Depreciation & amortization | $6.3M | $6.4M | −$135K | -2% |
| Share-based compensation | $723K | $830K | −$107K | -13% |
| Net loss absorbed | $451K | $35.3M | −$34.9M | -99% |
| Working capital & other | $3.8M | −$33.4M | $37.2M | — |
| Operating cash flow | $2.8M | $5.4M | −$2.6M | -49% |
Questions
How much did Upland Software's revenue grow quarter over quarter in Q3 2026?
Upland Software's revenue fell $1.6M (-3%) from $49.1M in Q2 2026 to $47.5M in Q3 2026.
What drove Upland Software's revenue change in Q3 2026?
Total product revenue −$1.5M (-3%); Professional Services −$165K (-13%).