Financials Upland Software, Inc.

Stocks

UPLD

US91544A2087

Software

Market Closed - Nasdaq 16:00:00 2026-11-02 EST			5-day change	1st Jan Change
4.000 ^USD	+0.50%		+1.52%	-72.03%

08-18	Alert on CFO change incorrectly tagged to Upland Software withdrawn	RE
08-17	Upland Software, Inc. and Carahsoft Technology Corp. Partner to Expand Public Sector Impact	CI

Projected Income Statement: Upland Software, Inc.

Projected Income Statement - Annual - Upland Software, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	302	317.3	297.9	274.8	216.9	193.1	189
Change	-	5.06%	-6.13%	-7.74%	-21.08%	-10.96%	-2.15%
EBITDA ¹	96.66	97.1	64.44	55.64	58.01	51.33	52.69
Change	-	0.46%	-33.64%	-13.66%	4.27%	-11.51%	2.65%
EBIT ¹	-34.68	-40.23	-163.9	-102.3	4.43	23.3	31.5
Change	-	-16.01%	-307.47%	37.59%	104.33%	425.96%	35.19%
Interest Paid ¹	-31.63	-29.14	-18.68	-8.939	-15.78	-18	-18.5
Earnings before Tax (EBT) ¹	-66.56	-70.15	-182.4	-110.1	-38.67	-32.31	9.858
Change	-	-5.41%	-159.95%	39.63%	64.87%	16.45%	130.51%
Net income ¹	-58.21	-70.26	-185.2	-118.3	-44.75	-35.64	2.716
Change	-	-20.7%	-163.63%	36.12%	62.18%	20.36%	107.62%
Announcement Date	2/24/22	2/23/23	2/22/24	3/12/25	3/3/26	-	-

¹USD in Million

Estimates

Projected Income Statement - Quarterly - Upland Software, Inc.

Fiscal Period: December	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	76.05	75.73	78.72	80.23	79.55	78.81	77.06	74.5	74.12	72.18	70.74	69.34	66.69	68.03	63.66	53.38	50.53	49.31	48.69	49.14	47.24	48.03	47.35	48.38	46.72	47.42
Change	-	-0.42%	3.94%	1.92%	-0.85%	-0.93%	-2.23%	-3.32%	-0.5%	-2.62%	-2%	-1.97%	-3.82%	2%	-6.43%	-16.14%	-5.35%	-2.4%	-1.26%	0.93%	-3.87%	1.69%	-1.42%	2.17%	-3.42%	1.49%
EBITDA ¹	25.02	25.07	23.45	24.51	24.89	24.26	17.6	16.63	16.16	14.05	13.1	13.64	14	14.9	13.08	13.58	16.03	15.31	12.67	12.82	12.64	13.2	12.78	12.69	12.59	12.83
Change	-	0.21%	-6.47%	4.53%	1.55%	-2.51%	-27.46%	-5.53%	-2.81%	-13.04%	-6.75%	4.06%	2.68%	6.44%	-12.21%	3.84%	18.01%	-4.48%	-17.27%	1.18%	-1.39%	4.43%	-3.17%	-0.7%	-0.83%	1.94%
EBIT ¹	-5.742	-2.244	-14.78	-10.88	-0.554	-14.01	-137.4	-9.387	-7.719	-9.382	-91.64	-5.371	-3.311	-1.972	-1.052	-7.035	5.348	7.169	5.049	-29.69	6	7	7.1	7.2	7.9	9.3
Change	-	60.92%	-558.51%	26.35%	94.91%	-2,428.7%	-881.02%	93.17%	17.77%	-21.54%	-876.77%	94.14%	38.35%	40.44%	46.65%	-568.73%	176.02%	34.05%	-29.57%	-688.12%	120.21%	16.67%	1.43%	1.41%	9.72%	17.72%
Charge d'intérêts ¹	-7.971	-7.926	-7.762	-7.754	-7.354	-6.275	-5.461	-5.376	-2.525	-5.322	-4.958	-5.056	2.337	-1.262	-2.443	-4.136	-4.204	-5.002	-4.459	-4.526	-4.5	-4.5	-5	-4.5	-4.5	-4.5
Earnings before Tax (EBT) ¹	-14.36	-9.611	-22.96	-16.86	-7.569	-22.76	-141.5	-15.38	-10.14	-15.38	-96.68	-10.23	-1.203	-1.983	-27.19	-13.2	-1.381	3.102	-0.244	-34.48	0.85	1.56	1.538	1.652	1.797	2.291
Change	-	33.09%	-138.86%	26.54%	55.12%	-200.74%	-521.48%	89.13%	34.06%	-51.65%	-528.63%	89.42%	88.24%	-64.84%	-1,271.31%	51.46%	89.54%	324.62%	-107.87%	-14,029.92%	102.47%	83.53%	-1.41%	7.41%	8.78%	27.49%
Net income ¹	-11.02	-7.471	-22.83	-16.39	-7.059	-23.98	-141.4	-16.48	-10.01	-17.37	-97.5	-12.83	-3.139	-4.851	-25.85	-14.48	-2.592	-0.391	-1.23	-35.32	0.1	0.81	-0.024	0.652	0.797	1.291
Change	-	32.17%	-205.59%	28.2%	56.94%	-239.65%	-489.59%	88.34%	39.22%	-73.47%	-461.31%	86.84%	75.53%	-54.54%	-432.84%	43.97%	82.1%	84.92%	-214.58%	-2,771.38%	100.28%	710%	-102.96%	2,816.67%	22.24%	61.98%
Announcement Date	11/3/21	2/24/22	5/4/22	8/3/22	11/3/22	2/23/23	5/4/23	8/3/23	11/2/23	2/22/24	5/2/24	8/1/24	11/7/24	3/12/25	5/12/25	7/31/25	11/6/25	3/3/26	5/1/26	8/14/26	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Upland Software, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027
Net Debt	329	266	240	234	-	-	-
Change	-	-19.15%	-9.77%	-2.5%	-	-	-
Announcement Date	2/24/22	2/23/23	2/22/24	3/12/25	3/3/26	-	-

Estimates

Cash Flow Forecast: Upland Software, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	1.115	0.866	1.22	0.882	1.352	1	2
Change	-	-22.33%	40.88%	-27.7%	53.29%	-26.04%	100%
Free Cash Flow (FCF) ¹	40.62	29.11	48.72	23.36	24.45	18	20
Change	-	-28.33%	67.36%	-52.06%	4.67%	-26.37%	11.11%
Announcement Date	2/24/22	2/23/23	2/22/24	3/12/25	3/3/26	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Upland Software, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	32%	30.6%	21.63%	20.25%	26.75%	26.58%	27.89%
EBIT Margin (%)	-	-11.48%	-12.68%	-55.03%	-37.23%	2.04%	12.07%	16.67%
EBT Margin (%)	-	-22.04%	-22.11%	-61.23%	-40.06%	-17.83%	-16.73%	5.22%
Net margin (%)	-	-19.27%	-22.14%	-62.19%	-43.06%	-20.63%	-18.46%	1.44%
FCF margin (%)	-	13.45%	9.18%	16.36%	8.5%	11.27%	9.32%	10.58%
FCF / Net Income (%)	-	-69.78%	-41.44%	-26.31%	-19.74%	-54.63%	-50.51%	736.38%
Profitability
ROA	0.21%	-0.44%	-0.36%	-2.02%	-1.34%	2.2%	-	-
ROE	-19.72%	-18.69%	-18.55%	-54.09%	-64.63%	-41.91%	-	-
Financial Health
Leverage (Debt/EBITDA)	-	3.41x	2.74x	3.73x	4.2x	-	-	-
Debt / Free cash flow	-	8.1x	9.15x	4.93x	10.01x	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	0.37%	0.27%	0.41%	0.32%	0.62%	0.52%	1.06%
CAPEX / EBITDA (%)	-	1.15%	0.89%	1.89%	1.59%	2.33%	1.95%	3.8%
CAPEX / FCF (%)	-	2.74%	2.97%	2.5%	3.78%	5.53%	5.56%	10%
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EPS ¹	-	-19.2	-22.3	-57.7	-42.6	-15.6	-11.7	0.62
Change	-	-	-16.15%	-158.74%	26.17%	63.38%	25%	105.3%
Nbr of stocks (in thousands)	-	3,053	3,178	3,139	2,744	2,889	2,957	2,957
Announcement Date	-	2/24/22	2/23/23	2/22/24	3/12/25	3/3/26	-	-