Upland Software Q2 Loss Widens to $35.3M on Goodwill Impairment
UPLD sits 49% above its 52-week low of $4 on elevated volume (4.6× avg).
Summary
Upland Software reported a Q2 net loss of $35.3 million, including a $35.2 million goodwill impairment, with revenue down 8% to $49.1 million. The company faces a Nasdaq delisting risk but remains compliant with debt covenants.
Key Events · Earnings and Guidance · UPLD
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Q2 Net Loss Widens
Net loss of $35.3 million for Q2 2026, compared to $13.0 million in Q2 2025, driven by a $35.2 million goodwill impairment charge.
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Revenue Declines 8%
Total revenue fell to $49.1 million from $53.4 million, primarily due to divested product lines and Sunset Assets.
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Goodwill Impairment
A $35.2 million non-cash goodwill impairment was recorded due to sustained stock price decline and lower long-range forecasts.
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Nasdaq Delisting Risk
Received a Nasdaq deficiency notice on July 31, 2026 for failing the $15 million minimum market value of publicly held shares requirement; compliance deadline is January 27, 2027.
Analysis · UPLD · Technology
A $35.2 million goodwill impairment drove Upland Software's Q2 2026 net loss to $35.3 million. Revenue declined 8% year-over-year to $49.1 million. The company remains in compliance with debt covenants and has $31.7 million in cash, but faces a Nasdaq delisting risk due to a market value deficiency.
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.