Quarterly ResultMay 1, 2026, 09:18 AM
UPLD Q1 Revenue $48.7M, Net Loss $1.2M; EPS $(0.09)
AI Summary
Upland Software, Inc. reported Q1 2026 financial results, with total revenue of $48.7 million, a 24% decrease year-over-year primarily due to divestitures completed in 2025. The company significantly improved its GAAP net loss to $1.2 million from $25.8 million in the prior year, resulting in a GAAP net loss per share of $(0.09). Adjusted EBITDA was $12.7 million, and free cash flow stood at $5.5 million. Upland also announced new customer acquisitions, expansions, and launched new AI-powered knowledge and content management solutions, while providing guidance for Q2 and full year 2026.
Key Highlights
- Total revenue was $48.7 million, a 24% decrease from Q1 2025, primarily due to divestitures.
- GAAP net loss significantly improved to $1.2 million from $25.8 million in Q1 2025.
- GAAP net loss per share was $(0.09), an improvement from $(0.97) in Q1 2025.
- Adjusted EBITDA was $12.7 million, or 26% of total revenue.
- Free cash flow was $5.5 million for the quarter.
- Welcomed 107 new customers and expanded relationships with 189 existing customers.
- Q2 2026 revenue guidance is $47.1M-$50.1M, with Adjusted EBITDA $12.0M-$13.6M.
- Full year 2026 revenue guidance is $192.5M-$201.5M, with Adjusted EBITDA $51.7M-$56.3M.