Upland Software Q2 revenue falls 8% on divestitures

Upland Software

14/08/2026 14:14

Overview
AI software provider's Q2 revenue fell 8% yr/yr, mainly due to 2025 divestitures
Adjusted EBITDA for Q2 declined yr/yr; non-GAAP net income rose 18%
Company expects further revenue and adjusted EBITDA declines in Q3 and full year 2026

Outlook
Upland expects Q3 2026 revenue between $45.7 mln and $48.7 mln
Company sees full-year 2026 revenue between $190.1 mln and $196.1 mln
Upland expects Q3 2026 Adjusted EBITDA between $11.9 mln and $13.4 mln

Result Drivers
DIVESTITURES - Co said lower revenue and subscription revenue were primarily due to divestitures completed in 2025
GOODWILL IMPAIRMENT - Co said higher GAAP net loss was mainly due to a non-cash goodwill impairment recorded in June 2026
CUSTOMER GROWTH - Co added 81 new customers and expanded relationships with 200 existing customers in Q2

Company press release: ID:nBw7F8vWka

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$49.10 mln
$48.61 mln (2 Analysts)
Q2 Net Loss
 
$35.30 mln
 
Q2 Adjusted EBITDA
Slight Beat*
$12.80 mln
$12.74 mln (2 Analysts)
Q2 Free Cash Flow
 
$5.30 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Upland Software Inc is $12.50, about 104.9% above its August 13 closing price of $6.10
The stock recently traded at 1 times the next 12-month earnings vs. a P/E of 1 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)