Upland Expects 9% Revenue Decline in Q2 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 01 2026
0mins
For the quarter ending June 30, 2026, Upland expects reported total revenue to be between $47.1 and $50.1 million, including subscription and support revenue between $45.1 and $47.7 million, for a decline in total revenue of 9% at the midpoint from the quarter ended June 30, 2025. This year-over-year revenue decline is primarily due to divestitures completed in 2025. Second quarter 2026 Adjusted EBITDA is expected to be between $12.0 and $13.6 million, which at the midpoint is a decline of 6% from the quarter ended June 30, 2025. Second quarter 2026 Adjusted EBITDA margin is expected to be 26% at the midpoint as compared to the 25% Adjusted EBITDA margin for the quarter ended June 30, 2025.
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Analyst Views on UPLD
Wall Street analysts forecast UPLD stock price to fall
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 6.514
Low
3.50
Averages
4.33
High
5.00
Current: 6.514
Low
3.50
Averages
4.33
High
5.00
About UPLD
Upland Software, Inc. provides artificial intelligence (AI)-powered knowledge and content management software. The Company provides cloud-based software applications. Its solutions cover knowledge management, content lifecycle and workflow automation, and digital marketing. It provides knowledge management solutions designed to help organizations capture, organize, and distribute information to employees and customers. It also offers content lifecycle and workflow automation solutions that support document management, compliance, and process efficiency across various industries. Digital marketing solutions provide tools for audience engagement, campaign management, and content distribution across digital channels. The Company’s customers operate in a range of industries, including financial services, consulting services, technology, manufacturing, media, telecommunications, government, insurance, non-profit, healthcare, life sciences, legal, retail and hospitality.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Upland Software Announces 1-for-10 Reverse Stock Split
- Reverse Stock Split: Upland Software announced a 1-for-10 reverse stock split effective June 17, 2026, reducing the outstanding shares from approximately 29.4 million to about 2.9 million, which is aimed at increasing the share price to meet Nasdaq's minimum bid price requirement.
- Compliance Improvement: The primary purpose of this reverse split is to ensure Upland Software complies with Nasdaq's minimum bid price requirement, thereby maintaining its listing status and avoiding the risk of delisting due to a low stock price.
- Trading Arrangement: Following the reverse split, Upland's common stock will resume trading on Nasdaq under the existing symbol “UPLD” on June 17, 2026, ensuring that investor perception and liquidity remain unaffected.
- Market Reaction Expectations: By reducing the number of shares outstanding, Upland Software aims to enhance the share price, potentially improving investor confidence and the overall market capitalization of the company.
See More
Upland Software Announces 1-for-10 Reverse Stock Split
- Reverse Stock Split Plan: Upland Software announced a 1-for-10 reverse stock split effective June 17, 2026, primarily to comply with Nasdaq's minimum bid price requirement, which will reduce the outstanding shares from approximately 29.4 million to about 2.9 million.
- Shareholder Approval: At the annual meeting on June 3, 2026, shareholders approved the board's proposal to authorize a reverse split ratio ranging from one-for-five to one-for-thirty, ultimately selecting one-for-ten, indicating strong shareholder support for corporate governance.
- Equity Adjustment Impact: The reverse split will affect all issued common stock and related securities, including options and restricted stock awards, with adjustments made to ensure that the rights of shareholders remain intact and unaffected by the split.
- Cash Compensation Mechanism: Shareholders entitled to fractional shares due to the reverse split will receive cash compensation equal to the fractional share's value multiplied by the average closing price of the post-split common stock, ensuring fair treatment of all shareholders.
See More
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- Upland Software Performance Decline: Upland Software (NASDAQ:UPLD) has seen a 25.1% average decline in billings over the past year as customers hesitated to commit to its platform, with sales expected to decline again in the next 12 months, indicating a challenging demand environment.
- Everest Group Growth Challenges: Everest Group (NYSE:EG) has only achieved a 4.5% annual growth in net premiums over the last two years, trailing its peers, and is projected to experience a 6.3% sales decline in the next 12 months, reflecting limitations in its business scale.
- TaskUs Market Share Growth: TaskUs (NASDAQ:TASK) has demonstrated an impressive 18.1% annual revenue growth over the past five years, with a 19.4 percentage point increase in free cash flow margin, indicating that its past investments are beginning to deliver value, currently trading at $5.61 per share with a forward P/E of 4.3.
- Caution for Investors: While TaskUs shows growth potential, the performance declines of Upland and Everest serve as a reminder for investors to exercise caution when selecting value stocks to avoid value traps.
See More
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- Significant Revenue Decline: Upland Software reported a total revenue of $48.7 million for Q1, representing a 24% year-over-year decrease, indicating pressure in market competition that could impact future market share.
- Disappointing Financial Guidance: The company’s revenue guidance for Q2 came in 2.6% below analyst expectations, and it lowered its full-year revenue forecast to $197 million, reflecting management's cautious outlook on future performance, which may lead to decreased investor confidence.
- Increased Stock Volatility: Upland Software's shares have experienced 55 moves greater than 5% over the past year, with today's 5.8% drop indicating market concerns about the company's outlook, although this has not fundamentally changed perceptions of its business.
- Poor Long-term Investment Returns: The stock has fallen 59.5% since the beginning of the year, trading at $0.61 per share, which is 79.5% below its 52-week high of $2.96, resulting in significant capital losses for long-term investors, potentially affecting future investment decisions.
See More
Sean Nathaniel Begins Role as President and CEO of Upland Software Inc.
Leadership Announcement: Upland Software has announced the commencement of Sean Nathaniel as the new President and CEO of the company.
Strategic Vision: Nathaniel's leadership is expected to guide Upland Software towards new strategic initiatives and growth opportunities in the software industry.
See More
Upland Software Reports Q1 2026 Financial Results and Guidance
- Revenue Decline: Upland reported total revenue of $48.7 million for Q1 2026, a 24% decrease from $63.7 million in Q1 2025, primarily due to divestitures completed in 2025, indicating pressure in market competitiveness.
- Improved Net Loss: The GAAP net loss was $1.2 million, significantly improved from a net loss of $25.8 million in Q1 2025, demonstrating the company's effectiveness in cost control and operational optimization.
- Customer Growth: In Q1, Upland welcomed 107 new customers, including 7 major ones, and expanded relationships with 189 existing customers, showcasing positive progress in customer acquisition and retention.
- Future Outlook: For Q2 2026, total revenue is expected to range between $47.1 million and $50.1 million, reflecting a 9% decline year-over-year, indicating a cautious approach in navigating market challenges.
See More
Upland Software Announces 1-for-10 Reverse Stock Split
- Reverse Stock Split: Upland Software announced a 1-for-10 reverse stock split effective June 17, 2026, reducing the outstanding shares from approximately 29.4 million to about 2.9 million, which is aimed at increasing the share price to meet Nasdaq's minimum bid price requirement.
- Compliance Improvement: The primary purpose of this reverse split is to ensure Upland Software complies with Nasdaq's minimum bid price requirement, thereby maintaining its listing status and avoiding the risk of delisting due to a low stock price.
- Trading Arrangement: Following the reverse split, Upland's common stock will resume trading on Nasdaq under the existing symbol “UPLD” on June 17, 2026, ensuring that investor perception and liquidity remain unaffected.
- Market Reaction Expectations: By reducing the number of shares outstanding, Upland Software aims to enhance the share price, potentially improving investor confidence and the overall market capitalization of the company.
See More
Upland Software Announces 1-for-10 Reverse Stock Split
- Reverse Stock Split Plan: Upland Software announced a 1-for-10 reverse stock split effective June 17, 2026, primarily to comply with Nasdaq's minimum bid price requirement, which will reduce the outstanding shares from approximately 29.4 million to about 2.9 million.
- Shareholder Approval: At the annual meeting on June 3, 2026, shareholders approved the board's proposal to authorize a reverse split ratio ranging from one-for-five to one-for-thirty, ultimately selecting one-for-ten, indicating strong shareholder support for corporate governance.
- Equity Adjustment Impact: The reverse split will affect all issued common stock and related securities, including options and restricted stock awards, with adjustments made to ensure that the rights of shareholders remain intact and unaffected by the split.
- Cash Compensation Mechanism: Shareholders entitled to fractional shares due to the reverse split will receive cash compensation equal to the fractional share's value multiplied by the average closing price of the post-split common stock, ensuring fair treatment of all shareholders.
See More
Risks and Opportunities in Value Stock Investing
- Upland Software Performance Decline: Upland Software (NASDAQ:UPLD) has seen a 25.1% average decline in billings over the past year as customers hesitated to commit to its platform, with sales expected to decline again in the next 12 months, indicating a challenging demand environment.
- Everest Group Growth Challenges: Everest Group (NYSE:EG) has only achieved a 4.5% annual growth in net premiums over the last two years, trailing its peers, and is projected to experience a 6.3% sales decline in the next 12 months, reflecting limitations in its business scale.
- TaskUs Market Share Growth: TaskUs (NASDAQ:TASK) has demonstrated an impressive 18.1% annual revenue growth over the past five years, with a 19.4 percentage point increase in free cash flow margin, indicating that its past investments are beginning to deliver value, currently trading at $5.61 per share with a forward P/E of 4.3.
- Caution for Investors: While TaskUs shows growth potential, the performance declines of Upland and Everest serve as a reminder for investors to exercise caution when selecting value stocks to avoid value traps.
See More
Upland Software Reports Significant Revenue Drop in Q1
- Significant Revenue Decline: Upland Software reported a total revenue of $48.7 million for Q1, representing a 24% year-over-year decrease, indicating pressure in market competition that could impact future market share.
- Disappointing Financial Guidance: The company’s revenue guidance for Q2 came in 2.6% below analyst expectations, and it lowered its full-year revenue forecast to $197 million, reflecting management's cautious outlook on future performance, which may lead to decreased investor confidence.
- Increased Stock Volatility: Upland Software's shares have experienced 55 moves greater than 5% over the past year, with today's 5.8% drop indicating market concerns about the company's outlook, although this has not fundamentally changed perceptions of its business.
- Poor Long-term Investment Returns: The stock has fallen 59.5% since the beginning of the year, trading at $0.61 per share, which is 79.5% below its 52-week high of $2.96, resulting in significant capital losses for long-term investors, potentially affecting future investment decisions.
See More
Sean Nathaniel Begins Role as President and CEO of Upland Software Inc.
Leadership Announcement: Upland Software has announced the commencement of Sean Nathaniel as the new President and CEO of the company.
Strategic Vision: Nathaniel's leadership is expected to guide Upland Software towards new strategic initiatives and growth opportunities in the software industry.
See More
Upland Software Reports Q1 2026 Financial Results and Guidance
- Revenue Decline: Upland reported total revenue of $48.7 million for Q1 2026, a 24% decrease from $63.7 million in Q1 2025, primarily due to divestitures completed in 2025, indicating pressure in market competitiveness.
- Improved Net Loss: The GAAP net loss was $1.2 million, significantly improved from a net loss of $25.8 million in Q1 2025, demonstrating the company's effectiveness in cost control and operational optimization.
- Customer Growth: In Q1, Upland welcomed 107 new customers, including 7 major ones, and expanded relationships with 189 existing customers, showcasing positive progress in customer acquisition and retention.
- Future Outlook: For Q2 2026, total revenue is expected to range between $47.1 million and $50.1 million, reflecting a 9% decline year-over-year, indicating a cautious approach in navigating market challenges.
See More
