Upland Software, Inc.(UPLD)Stock Analysis
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Rank #2,561 of 2,879 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
UPLD Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Upland Software, Inc. (UPLD), a Technology sector company. 13F Pro's AI-powered ranking engine scores UPLD at 25.0/100 on a 32-signal composite quality model, placing it at rank #2,561 of 2,879 stocks — the bottom half of the AI-ranked universe. Areas of concern include institutional flow (4.9) and revenue growth (9.0), which score below median versus the broader universe. Shareholder dilution risk is elevated at 28.5/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Upland Software, Inc. reports quarterly revenue of $48.7M, net income of $-1.2M, free cash flow of $5.5M. Top institutional holders of UPLD by reported 13-F value include AMERIPRISE FINANCIAL, VANGUARD CAPITAL MANAGEMENT, RICE HALL JAMES & ASSOCIATES,, based on the most recent SEC filings. UPLD trades on the Nasdaq exchange and files with the SEC under CIK 1505155. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate UPLD daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Upland Software, Inc. directly from SEC EDGAR. Upland Software, Inc.'s 13F Pro composite quality score has ranged between 23 and 44 since 2021, currently 25.0 — a declining long-term trajectory across 30 quarterly and live scoring snapshots.
Revenue
Q1 2026
$48.7M
Net Income
Q1 2026
$-1.2M
Free Cash Flow
Q1 2026
$5.5M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
-21.1% YoYNet Income
-134.5% YoYOperating Income
+104.3% YoYEPS (Diluted)
+63.4% YoYTotal Assets
-22.0% YoYTotal Debt
-18.2% YoYOp. Cash Flow
+6.4% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue | $216.9M -21.1% | $274.8M -7.7% | $297.9M -6.1% | $317.3M +5.1% | $302.0M +35.7% | $222.6M |
| Net Income | $-38.9M -134.5% | $112.7M +162.7% | $-179.9M -162.9% | $-68.4M -17.5% | $-58.2M -28.3% | $-45.4M |
| Operating Income | $4.4M +104.3% | $-102.3M +37.6% | $-163.9M -307.5% | $-40.2M -16.0% | $-34.7M -42.7% | $-24.3M |
| EPS (Diluted) | $-1.56 +63.4% | $-4.26 +26.2% | $-5.77 -158.7% | $-2.23 -16.1% | $-1.92 +2.0% | $-1.96 |
| Total Assets | $413.2M -22.0% | $529.5M -39.1% | $870.0M -21.9% | $1.11B +8.2% | $1.03B +14.7% | $896.8M |
| Total Debt | $240.1M -18.2% | $293.4M -38.9% | $479.8M -7.4% | $518.1M -0.6% | $521.5M -1.3% | $528.3M |
| Operating Cash Flow | $25.8M +6.4% | $24.2M -51.5% | $49.9M +66.6% | $30.0M -28.2% | $41.7M +245.6% | $12.1M |
AI Insight: UPLD Financial Trends
Upland's operating income turned positive and debt fell to $240M, but revenue has shrunk 29% from Q2 2024 to Q1 2026, masking structural top-line deterioration.
• Operating income swung from -$7M in Q2 2025 to +$5M in Q1 2026, marking three consecutive quarters of positive operating income.
• Revenue collapsed from $69M in Q2 2024 to $49M in Q1 2026, a 29% decline over eight quarters with no signs of stabilization.
• Total debt declined from $293M in Q4 2024 to $240M in Q4 2025, a $53M reduction over four quarters.
• Equity has deteriorated steadily from $6M in Q2 2024 to -$52M in Q1 2026, reflecting cumulative net losses eroding the balance sheet.
⚠ Revenue has not stabilized — Q1 2026 at $49M matches Q4 2025; any renewed decline would signal further customer attrition.
⚠ Operating CF dropped to $3M in Q2 2025 before recovering to $6–7M; sustainability of this recovery warrants close monitoring.
⚠ Equity deeply negative at -$52M with $240M debt; balance sheet health hinges entirely on continued debt paydown and profitability.
AI Insight: UPLD Ratio Trends
Upland's operating margin turned decisively positive in H2 2025, hitting 14.5% in Q4 2025, but net profitability remains elusive and volatile quarter to quarter.
• Operating margin improved from -13.2% in Q2 2025 to 14.5% in Q4 2025, a 27.7pp swing in two quarters.
• Q4 2025 marked the only quarter with positive NPM (2.2%) and positive ROA (1.1%) in the entire dataset.
• Net profit margin remains deeply negative in most quarters, swinging from -40.6% in Q1 2025 to +2.2% in Q4 2025 and back to -2.5% in Q1 2026.
⚠ Q1 2026 operating margin fell to 10.4% from Q4 2025's 14.5% — watch whether the Q4 2025 profitability peak holds.
⚠ ROE, D/E, and ROIC are almost entirely absent from the data; leverage and capital efficiency remain unassessable.
⚠ TTM NPM of -7.1% signals that one profitable quarter (Q4 2025) is not yet enough to shift the full-year earnings picture.
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Top Institutional Holders of UPLD
AMERIPRISE FINANCIAL INC
$902.9K1,355,641 shVANGUARD CAPITAL MANAGEMENT LLC
$801.7K1,203,774 shRICE HALL JAMES & ASSOCIATES, LLC
$649.0K974,448 shCastleKnight Management LP
$517.6K777,201 shD. E. Shaw & Co., Inc.
$438.3K658,110 shBlackRock, Inc.
$415.9K624,539 shGEODE CAPITAL MANAGEMENT, LLC
$299.8K450,094 shRBF Capital, LLC
$284.7K427,548 shTWO SIGMA INVESTMENTS, LP
$274.5K412,114 shVANGUARD PORTFOLIO MANAGEMENT LLC
$242.5K364,068 sh
| Fund | Value | Shares |
|---|---|---|
| AMERIPRISE FINANCIAL INC | $902.9K | 1,355,641 |
| VANGUARD CAPITAL MANAGEMENT LLC | $801.7K | 1,203,774 |
| RICE HALL JAMES & ASSOCIATES, LLC | $649.0K | 974,448 |
| CastleKnight Management LP | $517.6K | 777,201 |
| D. E. Shaw & Co., Inc. | $438.3K | 658,110 |
| BlackRock, Inc. | $415.9K | 624,539 |
| GEODE CAPITAL MANAGEMENT, LLC | $299.8K | 450,094 |
| RBF Capital, LLC | $284.7K | 427,548 |
| TWO SIGMA INVESTMENTS, LP | $274.5K | 412,114 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $242.5K | 364,068 |
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Is UPLD a good stock to buy?
13F Pro's AI-powered analysis of Upland Software, Inc. (UPLD) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for UPLD are available on the UPLD stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own UPLD?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling UPLD. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Upland Software, Inc.'s investment landscape.