Upland Software ( (UPLD) ) has released its Q4 earnings. Here is a breakdown of the information Upland Software presented to its investors.
Upland Software, Inc. is a provider of cloud-based software solutions aimed at enhancing digital transformation for businesses, offering a range of AI-powered tools for knowledge management, content lifecycle, workflow automation, and digital marketing.
In its fourth-quarter 2024 financial report, Upland Software announced a total revenue of $68.0 million, marking a 6% decline from the previous year. Despite the decrease in revenue, the company managed to reduce its GAAP net loss significantly from $16.0 million in Q4 2023 to $3.4 million in Q4 2024.
Key financial highlights include an adjusted EBITDA of $14.9 million, representing 22% of total revenue, an improvement from 19% in the previous year. The company also reported a free cash flow of $9.0 million, up from $8.6 million in the same quarter last year. Upland Software’s strategic focus on AI-enabled products resulted in notable product wins and an increase in its Core Organic Growth Rate to 2.5% for 2025.
Upland Software’s business highlights for the quarter include the acquisition of 110 new customers and the expansion of relationships with 291 existing customers. The company also strengthened its partnership with Konica Minolta Business Solutions and received significant industry recognition for its AI solutions.
Looking ahead, Upland Software expects a decline in revenue for the first quarter and full year of 2025 due to recent divestitures of non-strategic product lines. However, the company remains optimistic about improving its adjusted EBITDA margin to 24% for the full year, reflecting a strategic focus on core growth areas and operational efficiency.