Filing Flows › Upland Software (UPLD) › Q3 2026
Upland Software (UPLD) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Upland Software (UPLD) reported revenue of $47.5M for the third quarter 2026 (Q3 2026), -6% from a year earlier and -3% from the quarter before. Operating margin was 11.2%, net loss $451K (0.9% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $47.5M | -3% | -6% |
| Operating profit | $5.3M | — | -0.3% |
| Net earnings | −$451K | — | — |
| Operating cash flow | $2.8M | -49% | -60% |
| Free cash flow | $2.7M | — | -60% |
What changed
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.
Questions
What was Upland Software's revenue in the third quarter 2026?
Upland Software (UPLD) reported revenue of $47.5M for the third quarter 2026 (Q3 2026), -6% from a year earlier and -3% from the quarter before.
Was Upland Software profitable in the third quarter 2026?
Operating profit was $5.3M (11.2% of revenue) and net loss $451K.
Source: Upland Software 10-Q on SEC EDGAR.