Filing Flows › Upland Software (UPLD) › How it makes money
How Upland Software (UPLD) makes money
Upland Software (UPLD) made $47.5M of revenue in the third quarter 2026 (Q3 2026), -6% from a year earlier. Total product revenue brought in $46.4M (98%); Professional Services brought in $1.1M (2%).
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Total product revenue | $46.4M | 97.7% | -3% | -5% |
| ↳ Subscription and Support | $45.3M | 95.2% | -2% | -5% |
| ↳ Perpetual License | $1.2M | 2.5% | -32% | +2% |
| Professional Services | $1.1M | 2.3% | -13% | -34% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $47.5M | 100.0% |
| Income tax | $855K | 1.8% |
| Operating cash flow | $2.8M | 5.8% |
| Free cash flow | $2.7M | 5.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $47.5M | -6% |
| Q2 2026 | $49.1M | -8% |
| Q1 2026 | $48.7M | -24% |
| Q4 2025 | $49.3M | -28% |
| Q3 2025 | $50.5M | -24% |
| Q2 2025 | $53.4M | -23% |
| Q1 2025 | $63.7M | -10% |
From Upland Software's 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does Upland Software make money?
Upland Software (UPLD) made $47.5M of revenue in the third quarter 2026 (Q3 2026), -6% from a year earlier. Total product revenue brought in $46.4M (98%); Professional Services brought in $1.1M (2%).
What is Upland Software's biggest business?
Total product revenue: $46.4M in the third quarter 2026, 98% of revenue, -5% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.