Upland Software was founded in 2010 and is headquartered in Austin, US

CEO

CFO

Upland Software has offices in Austin, London, Woodbridge Township, San Francisco and in 5 other locations

Austin, US (HQ)

1850 Frost Bank Tower 401 Congress Ave

Medford, US

101 10 Cabot Rd

Brooklyn, US

520 45 Main St

Toronto, CA

222 Lesmill Rd

Laval, CA

275 Boulevard Armand Frappier

Lincoln, US

1701 Cushman Dr

Upland Software's revenue was reported to be $20.8 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 20.8 m |

## Gross profit (Q1, 2017) | 13.7 m |

## Gross profit margin (Q1, 2017), % | 66% |

## Net income (Q1, 2017) | (5.6 m) |

## EBIT (Q1, 2017) | (3.6 m) |

## Market capitalization (25-Jul-2017) | 429.7 m |

## Cash (31-Mar-2017) | 19.4 m |

Upland Software's current market capitalization is $429.7 m.

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Revenue | 64.6 m | 17.6 m | 19.4 m |

## Revenue growth, % | (73%) | 10% | |

## Cost of goods sold | 7 m | 7.2 m | |

## Gross profit | 10.6 m | 12.2 m | |

## Gross profit Margin, % | 60% | 63% | |

## Sales and marketing expense | 3.1 m | 3 m | |

## R&D expense | 3.8 m | 3.2 m | |

## General and administrative expense | 3.9 m | 4.9 m | |

## Operating expense total | 59.8 m | 13.4 m | 12.8 m |

## EBIT | (18.3 m) | (2.8 m) | (590 k) |

## EBIT margin, % | (28%) | (16%) | (3%) |

## Interest expense | (473 k) | (849 k) | |

## Pre tax profit | (3.4 m) | (1 m) | |

## Income tax expense | (854 k) | (961 k) | |

## Net Income | (20.1 m) | (13.7 m) | (13.5 m) |

USD | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|

## Revenue | 16.3 m | 17.5 m | 17.7 m | 17.1 m | 17.6 m | 18.6 m | 19.2 m | 20.8 m |

## Cost of goods sold | 5.8 m | 6.6 m | 6.6 m | 6.4 m | 6.9 m | 6.7 m | 6.8 m | 7 m |

## Gross profit | 10.5 m | 10.9 m | 11.1 m | 10.7 m | 10.7 m | 11.8 m | 12.4 m | 13.7 m |

## Gross profit Margin, % | 64% | 62% | 63% | 62% | 61% | 64% | 65% | 66% |

## Sales and marketing expense | 3.8 m | 3.5 m | 3.4 m | 2.9 m | 3.1 m | 3 m | 3.1 m | 3.2 m |

## R&D expense | 3.8 m | 3.9 m | 4.2 m | 3.9 m | 3.9 m | 4.1 m | 3.7 m | 3.5 m |

## General and administrative expense | 3.6 m | 5.1 m | 4.7 m | 4.5 m | 4.1 m | 4.5 m | 4.7 m | 5.9 m |

## Operating expense total | 11.1 m | 12.6 m | 12.3 m | 11.3 m | 11.1 m | 11.6 m | 11.5 m | 12.6 m |

## EBIT | (1.7 m) | (3.1 m) | (2.5 m) | (1.8 m) | (4.2 m) | (2.5 m) | (1.3 m) | (3.6 m) |

## EBIT margin, % | (10%) | (18%) | (14%) | (11%) | (24%) | (13%) | (7%) | (17%) |

## Interest expense | (397 k) | (347 k) | (576 k) | (462 k) | (561 k) | (662 k) | (709 k) | (935 k) |

## Pre tax profit | (2 m) | (4 m) | (3.1 m) | (2.1 m) | (5.5 m) | (3.4 m) | (2.1 m) | (4.7 m) |

## Income tax expense | (438 k) | (190 k) | (308 k) | (951 k) | ||||

## Net Income | (2.4 m) | (3.7 m) | (3.3 m) | (2.3 m) | (5.6 m) | (3.6 m) | (2.4 m) | (5.6 m) |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Cash | 31 m | 18.5 m | 28.8 m |

## Accounts Receivable | 15.3 m | ||

## Inventories | 6.3 m | ||

## Current Assets | 47.6 m | 35 m | 47.3 m |

## PP&E | 3.9 m | 6 m | 4.4 m |

## Goodwill | 45.1 m | 47.4 m | 69.1 m |

## Total Assets | 135.8 m | 122.4 m | 150.6 m |

## Accounts Payable | 2.3 m | 2.5 m | 1.3 m |

## Total Debt | 2.2 m | ||

## Current Liabilities | 45.4 m | 34 m | 39.7 m |

## Total Liabilities | 91.6 m | ||

## Additional Paid-in Capital | 108.3 m | 112.4 m | 124.6 m |

## Retained Earnings | (35.2 m) | (48.9 m) | (62.4 m) |

## Total Equity | 60.3 m | 59 m | |

## Debt to Equity Ratio | 0 x | ||

## Debt to Assets Ratio | 0 x | ||

## Financial Leverage | 2 x | 2.6 x |

USD | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|

## Cash | 3.2 m | 26.6 m | 29.1 m | 28.7 m | 13.6 m | 18.2 m | 17.5 m | 19.4 m |

## Accounts Receivable | 13.6 m | 14.7 m | 12.2 m | |||||

## Current Assets | 23.6 m | 43.8 m | 44 m | 40.9 m | 29.7 m | 34.5 m | 34.4 m | 35.2 m |

## PP&E | 3.9 m | 4.1 m | 4.2 m | 4.5 m | 6 m | 5.7 m | 5.6 m | 4.4 m |

## Goodwill | 33.1 m | 44 m | 44.3 m | 43.1 m | 64.8 m | 67.8 m | 68.4 m | 82.8 m |

## Total Assets | 95 m | 128.7 m | 127.8 m | 121 m | 136.5 m | 144.6 m | 141.9 m | 158.7 m |

## Accounts Payable | 4.8 m | 3.1 m | 2.7 m | 2.2 m | 2.1 m | 1.2 m | 2.6 m | 1.9 m |

## Current Liabilities | 60.6 m | 40.7 m | 33 m | 30.6 m | 41.5 m | 43 m | 39.7 m | 42.6 m |

## Additional Paid-in Capital | 9 m | 108.9 m | 109.8 m | 110.4 m | 118.9 m | 119.8 m | 123.4 m | 127 m |

## Retained Earnings | (32.6 m) | (39 m) | (42.3 m) | (44.6 m) | (54.5 m) | (58 m) | (60.4 m) | (68 m) |

## Total Equity | 65.3 m | 62.8 m | 61.6 m | 59 m | 60.1 m | 55.9 m | ||

## Financial Leverage | 2 x | 1.9 x | 2.2 x | 2.5 x | 2.4 x | 2.8 x |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Net Income | (20.1 m) | (13.7 m) | (13.5 m) |

## Depreciation and Amortization | 7.5 m | 8.5 m | 9.8 m |

## Accounts Receivable | (1.6 m) | 741 k | (361 k) |

## Inventories | (2.1 m) | (32 m) | |

## Accounts Payable | 639 k | 157 k | (1.5 m) |

## Cash From Operating Activities | 26.3 m | (12.5 m) | 3.9 m |

## Purchases of PP&E | (861 k) | (956 k) | (670 k) |

## Cash From Investing Activities | (7.1 m) | (9.4 m) | (13.2 m) |

## Long-term Borrowings | (10.9 m) | (23.9 m) | (7.2 m) |

## Cash From Financing Activities | 32.4 m | (1.2 m) | 19.5 m |

## Interest Paid | 1.4 m | 1.5 m | 2.5 m |

## Income Taxes Paid | 252 k | 314 k | 488 k |

USD | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|

## Net Income | (2.4 m) | (3.7 m) | (3.3 m) | (2.3 m) | (5.6 m) | (3.6 m) | (2.4 m) | (5.6 m) |

## Depreciation and Amortization | 1.1 m | 1 m | 1.1 m | 1.1 m | 1.5 m | 1.5 m | 1.3 m | 1.2 m |

## Accounts Receivable | 13.6 m | 14.7 m | 12.2 m | |||||

## Accounts Payable | 4.8 m | 3.1 m | 2.7 m | 2.2 m | 2.1 m | 1.2 m | 2.6 m | 1.9 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 60.7 k |

## Financial Leverage | 2.8 x |

Source: 18 public H-1B filings from Upland Software