Upland Software Reports 28% Revenue Drop in Q4 2025 Amid Divestitures

Event summary

  • Upland Software reported $49.3M in Q4 2025 revenue, a 28% YoY decline due to divestitures in Q1 and Q2 2025.
  • Subscription and support revenue dropped 27% YoY to $46.7M.
  • GAAP net income was $1.1M, improving from a $3.4M loss in Q4 2024.
  • Adjusted EBITDA margin expanded to 31% from 22% YoY.
  • Company added 110 new customers, including 15 major accounts, and expanded relationships with 199 existing customers.

The big picture

Upland Software's Q4 2025 results reflect the impact of strategic divestitures, with revenue declines offset by improved profitability metrics. The company's focus on AI-powered knowledge and content management solutions is gaining traction, as evidenced by customer expansions and industry recognitions. However, sustaining growth in a competitive software market remains a key challenge.

What we're watching

Strategic Focus
Whether Upland can sustain growth in AI-powered solutions amid continued divestitures.
Financial Health
The pace at which Upland can improve revenue growth while maintaining strong EBITDA margins.
Customer Retention
How the company's expansion of existing customer relationships will impact long-term revenue stability.

Related topics

Divestiture