NASDAQ · UPLD

Upland Software, Inc.

Technology · Software - Application

$3.81▼ 3.67% ($0.15)at close

As of 4:00 PM ET

52-week

$3.10$27.50

Market cap

$11.17M

P/E

No multiple

What the market price implies · Reverse DCF

To support a price of $3.81, this model requires revenue to grow by -2.73%/yr over the next 10 years, compounded annually.

Historical revenue grew by -7.95%/yr over the past 4 years. The required annual growth rate is 5.22 percentage points higher.

Selected forecast · Base scenario

0.8%/yr · actual 10-year annualized revenue growth

Year 1 growth: 0%

Market-implied · Base operating assumptions + edited margins

-2.73%/yr · flat 10-year annualized revenue growth

Reverse DCF solves revenue growth itself using Base operating assumptions and your edited margins. Changing forecast growth alone does not change the implied rate. This is a model-implied requirement, not an analyst forecast.

Valuation

Recommended · Revenue & margin DCF

Price used

$3.81

Estimated value / share

$35.54

Base scenario

This estimate is 834.12% above the price used.

USD · TTM ending 2026-06-30

This estimate is at least 3× the price used. Review the growth, margin and investment assumptions behind the gap.

Year 1 growth 0% · Ending margin 0% · Discount rate 5.84%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 17, 2026, 8:00 PM UTC
Financial statement period: TTM ending 2026-06-30
Data refreshed: Sep 18, 2026, 12:09 AM UTC · cache

Why this method?

There is not a stable run of positive FCFF to anchor a direct cash-flow CAGR, so the model should start from revenue and margin assumptions instead.

Is FCFF positive and has it been for 3+ consecutive years? Only 1 consecutive positive FCFF years are available.

Price vs Fundamentals

Why The Stock Is Moving

Likely fundamental deteriorationModerate confidence

1Y Price: -84.19%Revenue (TTM): -21.48%FCF (TTM): 4.03%

What changed

The stock fell 84.19% over the last year. Revenue declined 21.48% over the trailing twelve months. Operating margin moved from -5.31% to -6.14%. Free cash flow grew 4.03% over the trailing twelve months.

What the market seems to be pricing

The market appears to be responding to weaker operating momentum rather than only rerating the stock.

What would invalidate this read

Operating margin stands at -6.14%. Revenue declined 21.48% — this read reverses if that trend stabilizes. If margins and cash flow stabilize while the stock stays depressed, the gap shifts from fundamental damage toward pure multiple compression.

Performance

Return analysis

Company profile

Upland Software, Inc. delivers cloud-hosted enterprise work management solutions to a global clientele, with significant operations across the United States, the United Kingdom, and Canada.

CEOSean Nathaniel

SectorTechnology

IndustrySoftware - Application

Employees760

IPO dateNov 6, 2014

https://www.uplandsoftware.com

Market multiples

Forward P/E—

EV/EBITDA26.67

Enterprise value$246.72M

Stock splits

Jun 17, 2026↓ Reverse

Every 10 shares became 1

-90%

Profitability & growth

Revenue growth-7.95%

Gross margin (FY2025)62.37%▼8.1ppvs FY2024

Operating margin (FY2025)7.66%▲44.9ppvs FY2024

ROEN/A

Analyst consensus

RatingBuy

Target price$12.50▲228.52%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Nov 5, 2026

Q4 FY26 · EPS est $1.63 · Revenue est $48.37M

View