Quarterly ResultMay 1, 2026, 09:26 AM
UPLD Q1 Net Loss $(1.2M) vs $(25.8M) YoY; Revenue $48.7M
AI Summary
Upland Software, Inc. reported a significant reduction in net loss for Q1 2026, narrowing to $(1.2) million from $(25.8) million in Q1 2025. This improvement led to a net loss per common share of $(0.09), down from $(0.97) year-over-year, despite a 23.4% decrease in total revenue to $48.7 million. The company's debt structure includes a $240 million senior secured term loan and an interest rate cap agreement.
Key Highlights
- Q1 2026 Net Loss improved 95.2% to $(1.2) million from $(25.8) million in Q1 2025.
- Q1 2026 Net Loss Per Share improved to $(0.09) from $(0.97) in Q1 2025.
- Total Revenue for Q1 2026 decreased 23.4% to $48.7 million from $63.7 million YoY.
- Net cash provided by operating activities was $5.6 million in Q1 2026, down 32.5% YoY.
- Total long-term debt stood at $223.5 million as of March 31, 2026.
- Interest expense, net, increased to $(4.5) million in Q1 2026 from $(2.4) million.
- Company adopted new accounting standards (ASU 2025-05, 2024-04) with no material impact.
Price Impact
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