Upland Software Q2 Loss Widens on $35.2M Goodwill Impairment; Guides FY26 Revenue Down 11%
UPLD sits 49% above its 52-week low of $4 on elevated volume (4.6× avg).
Summary
Upland Software's Q2 loss widened to $35.3 million on a $35.2 million goodwill impairment, with revenue down 8% to $49.1 million. The company issued full-year 2026 guidance for an 11% revenue decline but maintained a 27% Adjusted EBITDA margin.
Key Events · Earnings and Guidance · UPLD
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Q2 Net Loss Widens on Impairment
GAAP net loss was $35.3 million, compared to $13.0 million a year ago, primarily due to a $35.2 million non-cash goodwill impairment recorded in June 2026.
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Revenue Declines 8%
Total revenue was $49.1 million, down from $53.4 million in Q2 2025, driven by divestitures completed in 2025.
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Non-GAAP Profitability Improves
Non-GAAP net income rose 18% to $6.6 million, and Adjusted EBITDA was $12.8 million (26% of revenue), up from $13.6 million (25%) a year ago.
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FY26 Guidance: Revenue Down 11%
Full-year 2026 revenue is expected to be $190.1–$196.1 million, an 11% decline at the midpoint, with Adjusted EBITDA of $49.8–$52.8 million.
Analysis · UPLD · Technology
A $35.2 million non-cash goodwill impairment drove Upland Software to a Q2 GAAP net loss of $35.3 million. Revenue fell 8% year-over-year to $49.1 million, largely reflecting 2025 divestitures. On a non-GAAP basis, net income rose 18% to $6.6 million, and Adjusted EBITDA came in at $12.8 million (26% margin). Looking ahead, the company guided Q3 revenue to $45.7–$48.7 million and full-year 2026 revenue to $190.1–$196.1 million, an 11% decline at the midpoint. Cash on hand stood at $31.0 million. The impairment and revenue decline reflect ongoing portfolio rationalization, while the company emphasizes AI-driven customer growth and cost discipline.
At the time of this filing, UPLD was trading at $5.96 on NASDAQ in the Technology sector, with a market capitalization of approximately $17.9M. The 52-week trading range was $4.00 to $39.10. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.