Upland Software Reports Q3 2026 Revenue Decline Amid Customer Churn and Divestitures
Upland Software (UPLD) reported third-quarter revenue of $47.5 million, a 6% year-over-year decline attributed to completed divestitures and customer churn. While subscription and support revenue remains the primary driver at 95% of total top line, core organic growth fell by 3.9%. The company is currently executing a three-phase strategic roadmap aimed at portfolio simplification and transitioning toward AI-driven enterprise workflows. Despite the revenue contraction, Upland improved its GAAP net loss to $0.5 million from $1.1 million in the prior year. Management focused on debt reduction, repaying $4.2 million in principal during the quarter, bringing the term loan balance down to $225.4 million. However, the company faces regulatory headwinds as Nasdaq has notified Upland that it no longer meets the minimum market value requirement for continued listing, providing a deadline of January 27, 2027, to regain compliance.
Tickers: $UPLD
Topics: Customer churn Debt repayment EBITDA margin Financial guidance Revenue decline