Filing Flows › Upland Software (UPLD) › Q4 2025
Upland Software (UPLD) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 3, 2026
Upland Software (UPLD) reported revenue of $49.3M for the fourth quarter 2025 (Q4 2025), -28% from a year earlier and -2% from the quarter before. Operating margin was 14.5%, net earnings $1.1M (2.2% of revenue).
Upland Software, Q4 2025: revenue $49.3M (-28% year over year), operating margin 14.5%, net earnings $1.1M, operating cash flow $7.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $49.3M | -2% | -28% |
| Gross profit | $37.7M | -3% | -22% |
| Operating profit | $7.2M | +34% | — |
| Net earnings | $1.1M | — | — |
| Operating cash flow | $7.3M | +6% | -22% |
| Free cash flow | $7.2M | — | -20% |
What changed
Revenue was $49.3M in Q4 2025, down 28% year over year and down 2% from the previous quarter. Total product revenue was the largest line at 97% of revenue.
Gross margin was 76.5%, up 5.7 points from a year earlier. Operating profit was $7.2M, a 14.5% margin (up 17.4 points year over year). Operating expenses fell 39% while revenue fell 28%. Net earnings were $1.1M. The effective tax rate was 64.7%.
Operating cash flow was $7.3M (down 22% year over year), 668% of net earnings. Non-cash charges added back $6.8M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items used $1.6M. After purchase of property and equipment ($87K), free cash flow as the company reports it was $7.2M.
Questions
What was Upland Software's revenue in the fourth quarter 2025?
Upland Software (UPLD) reported revenue of $49.3M for the fourth quarter 2025 (Q4 2025), -28% from a year earlier and -2% from the quarter before.
Was Upland Software profitable in the fourth quarter 2025?
Operating profit was $7.2M (14.5% of revenue) and net earnings $1.1M.
Source: Upland Software 10-K on SEC EDGAR.