Loading...
•
Jun 30
Upland Q2 2025 Earnings Report
Upland Software reported its second quarter 2025 financial results, showing a decrease in total revenue primarily due to divestitures, but a return to positive core organic growth and an increase in Adjusted EBITDA margin.
Key Takeaways
Upland Software announced its Q2 2025 financial results, with total revenue at $53.4 million, a 23% decrease year-over-year, mainly due to strategic divestitures. Despite the revenue decline, the company achieved a return to positive core organic growth and significantly improved its Adjusted EBITDA margin to 25%, up from 20% in the prior year. GAAP net loss per share was $0.51.
Total revenue for Q2 2025 was $53.4 million, a 23% decrease from Q2 2024, primarily due to divestitures aimed at streamlining the business.
Adjusted EBITDA reached $13.6 million, representing 25% of total revenue, a 500 basis point increase in margin compared to 20% in Q2 2024.
GAAP net loss per share attributable to common stockholders was $0.51, compared to $0.47 in the second quarter of 2024.
The company reported a return to positive core organic growth and completed a successful refinancing post-quarter end, extending debt maturity to July 2031 and strengthening its balance sheet.
Upland
Upland
Upland Revenue by Segment
Revenue by Segment
Subscription and Support Revenue
CapyFin.comPerpetual License Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com Forward Guidance
For Q3 2025, Upland expects total revenue between $46.8 million and $52.8 million, and Adjusted EBITDA between $14.5 million and $17.5 million. For the full year 2025, total revenue is projected to be between $211.8 million and $223.8 million, with Adjusted EBITDA between $55.8 million and $61.8 million.
Positive Outlook
- Third quarter 2025 Adjusted EBITDA is expected to increase by 14% at the midpoint compared to Q3 2024.
- Third quarter 2025 Adjusted EBITDA margin is expected to be 32% at the midpoint, an increase of 1,100 basis points from Q3 2024.
- Full year 2025 Adjusted EBITDA is expected to increase by 6% at the midpoint compared to full year 2024.
- Full year 2025 Adjusted EBITDA margin is expected to be 27% at the midpoint, an increase of 700 basis points from full year 2024.
- The company completed a successful refinancing post-quarter end, extending debt maturity to July 2031 and strengthening its balance sheet.
Challenges Ahead
- Third quarter 2025 total revenue is expected to decline by 25% at the midpoint from Q3 2024, primarily due to divestitures.
- Full year 2025 total revenue is expected to decline by 21% at the midpoint from full year 2024, primarily due to divestitures.
- The guidance reflects the impact of divestitures completed to streamline and focus the business, leading to lower reported revenue figures.
Revenue & Expenses
Visualization of income flow from segment revenue to net income