Upland Software Inc Stock Research

Market Summary

USD4.22+0.06

Market Closed

1.44%

UPLD Alerts

1 major insider buys recently.

UPLD Stock Price

UPLD RSI Chart

UPLD Valuation

Market Cap

136.0M

Price/Earnings (Trailing)

-1.99

Price/Sales (Trailing)

0.43

EV/EBITDA

1.97

Price/Free Cashflow

4.67

UPLD Price/Sales (Trailing)

UPLD Profitability

EBT Margin

-22.11%

Return on Equity

-22.15%

Return on Assets

-6.14%

Free Cashflow Yield

21.41%

UPLD Fundamentals

UPLD Revenue

Revenue (TTM)

317.3M

Revenue Y/Y

4.07%

Revenue Q/Q

-0.93%

UPLD Earnings

Earnings (TTM)

-68.4M

Earnings Y/Y

-203.52%

Earnings Q/Q

-248.17%

Price Action

52 Week Range

4.0518.39

(Low)(High)

Last 7 days

-10.6%

Last 30 days

-51.8%

Last 90 days

-39.5%

Trailing 12 Months

-75.8%

UPLD Financial Health

Current Ratio

2.12

Debt/Equity

1.66

Debt/Cashflow

0.08

UPLD Investor Care

Shares Dilution (1Y)

3.62%

Diluted EPS (TTM)

-2.23

Peers (Alternatives to Upland Software)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MSFT	2.1T	204.1B	11.55%	-7.07%	30.98	10.24	10.38%	-5.25%
ORCL	237.2B	46.1B	1.96%	8.47%	26.96	5.15	11.29%	-14.28%
CRM	189.5B	31.4B	16.34%	-11.18%	911.01	6.04	19.41%	-85.60%
ADBE	173.2B	17.6B	7.52%	-13.23%	36.42	9.84	11.54%	-1.37%
ZM	20.4B	4.4B	-5.93%	-41.37%	196.74	4.64	7.15%	-92.46%
AZPN	12.1B	-	-7.60%	30.28%	44.35	17.39	-	-
MID-CAP
PLAN	9.6B	631.5M	-1.97%	16.85%	-45.68	15.19	33.30%	-26.60%
MANH	9.2B	767.1M	3.22%	4.63%	71.04	11.94	15.59%	16.73%
GWRE	6.4B	869.9M	7.80%	-18.19%	-32.37	7.38	13.87%	-103.37%
APPN	2.9B	468.0M	-7.97%	-36.63%	-19.31	6.23	26.74%	-70.26%
PING	2.4B	308.3M	1.17%	7.67%	-23.16	7.93	13.75%	-237.98%
SMALL-CAP
ZUO	1.2B	383.7M	7.01%	-39.43%	-9.85	3.22	14.43%	-50.89%
YEXT	1.1B	399.9M	31.21%	29.01%	-13.97	2.84	4.73%	8.15%
UPLD	136.0M	317.3M	-51.83%	-75.83%	-1.99	0.43	5.06%	-17.52%

Financials for Upland Software

Income Statement (Last 12 Months)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	1.0%	317,303,000	314,222,000	310,726,000	306,763,000	302,016,000
Gross Profit	0.7%	213,562,000	211,990,000	209,404,000	206,982,000	202,563,000
Operating Expenses	5.5%	253,790,000	240,453,000	243,055,000	238,908,000	237,240,000
S&GA Expenses	0.2%	59,416,000	59,288,000	59,291,000	58,258,000	55,097,000
R&D Expenses	1.3%	46,187,000	45,587,000	44,383,000	43,820,000	42,693,000
EBITDA	-26.5%	-57,281,000	-45,298,000	-52,062,000	-53,413,000	-
EBITDA Margin	-25.2%	-0.18	-0.14	-0.17	-0.17	-
Earnings Before Taxes	-23.1%	-70,154,000	-57,002,000	-63,796,000	-64,435,000	-66,556,000
EBT Margin	-21.9%	-0.22	-0.18	-0.21	-0.21	-
Interest Expenses	2.0%	-30,796,000	-31,413,000	-31,601,000	-31,626,000	-
Net Income	-28.6%	-68,413,000	-53,208,000	-57,710,000	-60,359,000	-58,212,000
Net Income Margin	-27.3%	-0.22	-0.17	-0.19	-0.20	-
Free Cahsflow	-19.9%	29,113,000	36,362,000	39,785,000	36,448,000	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	0.0%	1,113	1,114	1,030	1,063	1,029
Current Assets	4.1%	321	309	206	210	263
Cash Equivalents	2.9%	249	242	138	130	189
Net PPE	-10.3%	2.00	2.00	2.00	3.00	3.00
Goodwill	-0.5%	477	480	492	505	457
Liabilities	-0.2%	692	694	718	734	713
Current Liabilities	-0.7%	151	152	171	180	156
Long Term Debt	-	518	-	-	-	-
LT Debt, Current	-	3.00	-	-	-	-
LT Debt, Non Current	-	515	-	-	-	-
Shareholder's Equity	0.0%	309	309	312	329	316
Retained Earnings	-7.9%	-309	-286	-279	-263	-240
Additional Paid-In Capital	1.0%	607	601	594	580	568
Shares Outstanding	1.4%	32.00	32.00	32.00	31.00	31.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-19.5%	30.00	37.00	41.00	37.00	42.00
Share Based Compensation	-6.5%	42.00	44.00	49.00	48.00	54.00
Cashflow From Investing	0.0%	-63.22	-63.22	-63.26	-83.14	-93.53
Cashflow From Financing	0.1%	94.00	94.00	-11.41	-10.30	-8.18

Risks for UPLD

What is the probability of a big loss on UPLD?

84.2%

Probability that Upland Software stock will be more than 20% underwater in next one year

76.2%

Probability that Upland Software stock will be more than 30% underwater in next one year.

46.9%

Probability that Upland Software stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does UPLD drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Upland Software was unfortunately bought at previous high price.

Drawdowns

Returns for UPLD

Cumulative Returns on UPLD

-6.6%

7-Year Cumulative Returns

-32.0%

5-Year Cumulative Returns

-44.4%

3-Year Cumulative Returns

What are the long-term rolling returns for UPLD?

FIve years rolling returns for Upland Software.

Annualized Returns

Which funds bought or sold UPLD recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	sold off	-100	-11,000	-	-%
2023-02-28	Voya Investment Management LLC	unchanged	-	-12,347	85,653	-%
2023-02-24	NATIXIS	sold off	-100	-169,000	-	-%
2023-02-23	P2 Capital Partners, LLC	sold off	-100	-7,724,000	-	-%
2023-02-21	MACQUARIE GROUP LTD	sold off	-	-5,000	-	-%
2023-02-17	Coppell Advisory Solutions Corp.	new	-	2,852	2,852	-%
2023-02-15	JANE STREET GROUP, LLC	added	341	294,298	397,298	-%
2023-02-15	MetLife Investment Management, LLC	unchanged	-	-15,811	113,189	-%
2023-02-15	ALLIANCEBERNSTEIN L.P.	added	10.53	-8,459	254,541	-%
2023-02-15	Metropolitan Life Insurance Co/NY	unchanged	-	-2,031	12,969	-%

Latest Funds Activity

Are funds buying UPLD calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own UPLD

No. of Funds

UPLD Alerts

1 major insider buys recently.

Upland Software News

Schedule 13G FIlings of Upland Software

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	7.76%	2,465,451	SC 13G
Feb 08, 2023	marathon asset management ltd	4.01%	1,273,897	SC 13G/A
Jan 31, 2023	blackrock inc.	7.1%	2,247,557	SC 13G/A
Oct 21, 2022	mcdonald john t	5.2%	1,650,706	SC 13D/A
Aug 25, 2022	ulysses aggregator, lp	17.20%	6,571,428	SC 13D
Feb 08, 2022	cdam (uk) ltd	0.0%	0	SC 13G/A
Feb 03, 2022	blackrock inc.	6.1%	1,857,864	SC 13G/A
Jan 28, 2022	marathon asset mgmt ltd	9.2%	2,811,151	SC 13G
Jul 09, 2021	esw capital, llc	4.8%	1,443,344	SC 13G/A
May 26, 2021	esw capital, llc	6.0%	1,803,574	SC 13G

UPLD Fair Value

Upland Software fair value in different scenarios

The table shows the Fair Value estimates for Upland Software for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	3.71 -12.09%	5.50 30.33%	9.72 130.33%	18.40 336.02%	29.27 593.60%
Current Inflation	3.61 -14.45%	5.21 23.46%	8.85 109.72%	16.27 285.55%	25.52 504.74%
Very High Inflation	3.49 -17.30%	4.84 14.69%	7.83 85.55%	13.79 226.78%	21.18 401.90%

Historical Upland Software Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Upland Software

View All Filings

Date Filed	Form Type	Document
Mar 20, 2023	4	Insider Trading
Mar 20, 2023	4	Insider Trading
Mar 20, 2023	4	Insider Trading
Mar 20, 2023	4	Insider Trading
Mar 20, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading
Mar 02, 2023	S-8	Employee Benefits Plan
Mar 01, 2023	10-K	Annual Report
Feb 23, 2023	8-K	Current Report
Feb 22, 2023	4	Insider Trading

Latest Insider Trading transactions for UPLD

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-16	Miller Paul Kenneth	sold (taxes)	-37,118	4.72	-7,864	chief operating officer
2023-03-16	MCDONALD JOHN T	sold (taxes)	-59,962	4.72	-12,704	ceo
2023-03-16	Doman Dan	sold (taxes)	-49,121	4.72	-10,407	chief product officer
2023-03-16	Hill Michael Douglass	sold (taxes)	-52,174	4.72	-11,054	cfo & treasurer
2023-03-16	Gill Kinloch III	sold (taxes)	-36,008	4.72	-7,629	clo and secretary
2023-03-13	MCDONALD JOHN T	bought	47,500	4.75	10,000	ceo
2023-03-10	MCDONALD JOHN T	bought	48,000	4.8	10,000	ceo
2023-02-21	Doman Dan	acquired	-	-	100,000	chief product officer
2023-02-21	MCDONALD JOHN T	acquired	-	-	100,000	ceo
2023-02-21	Hill Michael Douglass	acquired	-	-	100,000	cfo & treasurer

About Upland Software

John T. McDonald

www.uplandsoftware.com

860

Upland Software, Inc. provides cloud-based enterprise work management software in the United States, the United Kingdom, Canada, and internationally. It offers a family of software applications under the Upland brand in the areas of marketing, sales, contact center, project management, information technology, business operations, and human resources and legal. The company also provides professional services, such as implementation, data extraction, integration and configuration, and training services, as well as customer support services. It serves large global corporations, various government agencies, and small and medium-sized businesses, as well as financial, consulting, technology, manufacturing, media, telecommunication, political, healthcare, life sciences, retail and hospitality, and non-profit industries through direct and indirect sales organizations. The company was formerly known as Silverback Enterprise Group, Inc. and changed its name to Upland Software, Inc. in November 2013. Upland Software, Inc. was incorporated in 2010 and is headquartered in Austin, Texas.

UPLD Income Statement

2022-12-31

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Total revenue	$ 317,303	$ 302,016	$ 291,778
Total cost of revenue	103,741	99,453	98,446
Gross profit	213,562	202,563	193,332
Operating expenses:
Sales and marketing	59,416	55,097	46,077
Research and development	46,187	42,693	39,002
General and administrative	70,462	76,901	68,072
Depreciation and amortization	43,669	41,315	36,919
Acquisition-related expenses	21,556	21,234	27,075
Impairment of goodwill	12,500	0	0
Total operating expenses	253,790	237,240	217,145
Loss from operations	(40,228)	(34,677)	(23,813)
Other expense:
Interest expense, net	(29,145)	(31,626)	(31,529)
Other expense, net	(781)	(253)	(111)
Total other expense	(29,926)	(31,879)	(31,640)
Loss before benefit from income taxes	(70,154)	(66,556)	(55,453)
Benefit from income taxes	1,741	8,344	4,234
Net loss	(68,413)	(58,212)	(51,219)
Preferred Stock Dividends and Other Adjustments	(1,846)	0	0
Net Income (Loss) Available to Common Stockholders, Basic	(70,259)	(58,212)	(51,219)
Net Income (Loss) Available to Common Stockholders, Diluted	$ (70,259)	$ (58,212)	$ (51,219)
Net loss per common share:
Net loss per common share, basic (in dollars per share)	$ (2.23)	$ (1.92)	$ (1.92)
Net loss per common share, diluted (in dollars per share)	$ (2.23)	$ (1.92)	$ (1.92)
Weighted-average common shares outstanding, basic (in shares)	31,528,881	30,295,769	26,632,116
Weighted-average common shares outstanding, diluted (in shares)	31,528,881	30,295,769	26,632,116
Total product revenue
Total revenue	$ 304,835	$ 289,771	$ 279,388
Subscription and support
Total revenue	297,887	287,621	277,504
Total cost of revenue	93,948	92,168	89,880
Perpetual license
Total revenue	6,948	2,150	1,884
Total cost of revenue	9,793	7,285	8,566
Professional services
Total revenue	$ 12,468	$ 12,245	$ 12,390

UPLD Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 248,653	$ 189,158
Accounts receivable, net of allowance for credit losses	47,594	50,499
Deferred commissions, current	10,961	9,824
Unbilled receivables	5,313	4,801
Prepaid expenses and other current assets	8,774	8,709
Total current assets	321,295	262,991
Tax credits receivable	2,411	3,345
Property and equipment, net	1,830	2,667
Operating lease right-of-use asset	5,719	6,454
Intangible assets, net	248,851	279,920
Goodwill	477,043	457,472
Deferred commissions, noncurrent	13,794	14,808
Interest rate swap assets	41,168	0
Other assets	1,348	1,350
Total assets	1,113,459	1,029,007
Current liabilities:
Accounts payable	14,939	20,362
Accrued compensation	7,393	9,829
Accrued expenses and other current liabilities	10,644	9,086
Deferred revenue	106,465	102,847
Liabilities due to sellers of businesses	5,429	7,607
Operating lease liabilities, current	3,205	3,546
Current maturities of notes payable (includes unamortized discount of $2,264 and $2,233 at December 31, 2022 and December 31, 2021, respectively)	3,136	3,167
Total current liabilities	151,211	156,444
Notes payable, less current maturities (includes unamortized discount of $5,203 and $7,287 at December 31, 2022 and December 31, 2021, respectively)	511,847	515,163
Deferred revenue, noncurrent	4,707	2,058
Operating lease liabilities, noncurrent	4,947	6,773
Noncurrent deferred tax liability, net	18,416	22,793
Interest rate swap liabilities	0	8,409
Other long-term liabilities	1,170	1,079
Total liabilities	692,298	712,719
Series A Convertible Preferred stock, 0.0001 par value; 5,000,000 shares authorized: 115,000 shares issued and outstanding as of December 31, 2022; no shares issued and outstanding as of December 31, 2021, respectively.	112,291	0
Stockholders’ equity:
Common stock, $0.0001 par value; 50,000,000 shares authorized: 32,221,855 and 31,096,548 shares issued and outstanding as of December 31, 2022 and December 31, 2021, respectively)	3	3
Additional paid-in capital	606,755	568,384
Accumulated other comprehensive income (loss)	11,110	(11,514)
Accumulated deficit	(308,998)	(240,585)
Total stockholders’ equity	308,870	316,288
Total liabilities, convertible preferred stock and stockholders’ equity	$ 1,113,459	$ 1,029,007