Upland Software, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $74.8m $98.0m $149.9m $222.6m $291.8m $302.0m $317.3m $297.9m $274.8m $216.9m
Cost of Revenue $65.0m $85.8m $48.6m $69.1m $98.4m $99.5m $103.7m $96.4m $81.1m $54.8m
Gross Profit $47.2m $64.3m $101.3m $153.5m $193.3m $202.6m $213.6m $201.5m $193.7m $162.1m
Operating Expenses $55.7m $75.4m $106.9m $177.8m $217.1m $237.2m $253.8m $365.4m $296.0m $157.7m
Operating Income (Loss) ($8.5m) ($11.1m) ($5.6m) ($24.3m) ($23.8m) ($34.7m) ($40.2m) ($163.9m) ($102.3m) $4.4m
Additional Financial Items
Amortization of Intangible Assets $7.2m $9.6m $19.0m $32.4m $44.9m $50.9m $54.6m $70.6m $53.8m $31.2m
Foreign Currency Transaction Gain (Loss), before Tax $64k $382k ($305k) ($58k) ($272k) ($25k) $12k $538k $999k $873k
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0 $12.5m $128.8m $87.2m
Income (Loss) from Continuing Operations before Income Taxes, Domestic ($14.2m) ($22.7m) ($23.4m) ($41.2m) ($43.9m) ($54.0m) ($40.8m) ($117.2m) ($76.1m) ($27.4m)
Preferred Stock Dividends and Other Adjustments $0 $0 $1.8m $5.3m $5.6m $5.8m
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest ($12.0m) ($17.4m) ($20.6m) ($52.2m) ($55.5m) ($66.6m) ($70.2m) ($182.4m) ($110.1m) ($38.7m)
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest ($13.5m) $11.1m $5.6m $24.3m $23.8m $34.7m $40.2m $163.9m $102.3m $4.4m
Net Income (Loss) Attributable to Parent ($13.5m) ($18.7m) ($10.8m) ($45.4m) ($51.2m) ($58.2m) ($68.4m) ($179.9m) ($112.7m) ($38.9m)
Net Income (Loss) Available to Common Stockholders, Basic ($13.5m) ($58.2m) ($70.3m) ($185.2m) ($118.3m) ($44.8m)
Earnings Per Share, Basic ($0.82) ($1.02) ($0.54) ($1.96) ($1.92) ($1.92) ($2.23) ($5.77) ($4.26) ($1.56)
Earnings Per Share, Diluted ($0.82) ($1.02) ($0.54) ($1.96) ($1.92) ($1.92) ($2.23) ($5.77) ($4.26) ($1.56)
Weighted Average Number of Shares Outstanding, Basic 26.6m 30.3m 31.5m 32.1m 27.8m 28.6m
Weighted Average Number of Shares Outstanding, Diluted 26.6m 30.3m 31.5m 32.1m 27.8m 28.6m
Other income (expense):
Research and Development Expense $14.9m $15.8m $21.3m $29.4m $39.0m $42.7m $46.2m $49.4m $47.4m $36.5m
Selling and Marketing Expense $12.2m $15.3m $20.9m $35.2m $46.1m $55.1m $59.4m $64.3m $66.3m $44.1m
General and Administrative Expense $18.3m $23.3m $32.0m $48.1m $68.1m $76.9m $70.5m $61.3m $49.5m $38.0m
Other Nonoperating Income (Expense) ($678k) $289k ($1.8m) ($3.2m) ($111k) ($253k) ($781k) $236k $1.1m ($652k)
Interest Expense (non-operating) $8.9m
Business Combination, Acquisition Related Costs $5.6m $15.1m $18.7m $39.7m $27.1m $21.2m $21.6m $3.1m $19k
Current Income Tax Expense (Benefit) $1.0m $1.6m $2.8m $2.4m $2.9m $2.7m $5.7m $2.5m $6.3m $5.5m
Operating Lease, Expense $2.9m $1.4m $1.4m
Income Tax Expense (Benefit) $1.5m $1.3m ($9.8m) ($6.8m) ($4.2m) ($8.3m) ($1.7m) ($2.5m) $2.6m $232k
Nonoperating Income (Expense) ($3.5m) ($6.3m) ($15.1m) ($27.9m) ($31.6m) ($31.9m) ($29.9m) ($18.4m) ($7.8m) ($43.1m)
Interest Income (Expense), Net ($2.8m) ($6.6m) ($13.3m) ($22.3m) ($31.5m) ($31.6m) ($29.1m) ($18.7m)
Interest Income (Expense), Nonoperating, Net ($15.8m)