Upland Software Reports Q3 Revenue Down 24% to $50.5 Million
Upland Software Inc. reported third quarter 2025 total revenue of $50.5 million, down 24% from $66.7 million in the third quarter of 2024, primarily due to divestitures completed earlier in the year. Subscription and support revenue was $47.7 million, decreasing 25% from $63.8 million in the prior-year period. For the fourth quarter of 2025, the company expects total revenue between $46.4 million and $52.4 million, reflecting a projected year-over-year decline of 27% at the midpoint, also due to prior divestitures. Adjusted EBITDA for the fourth quarter is expected to be between $13.8 million and $16.8 million, with a margin of 31% at the midpoint, up from 22% in the fourth quarter of 2024. For the full year 2025, Upland expects total revenue between $214.0 million and $220.0 million, a decline of 21% at the midpoint from 2024, and Adjusted EBITDA between $56.5 million and $59.5 million, with a margin of 27% at the midpoint, up from 20% in 2024.
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