Revenue and Adjusted EBITDA Beat Expectations
Q1 revenue and adjusted EBITDA exceeded guidance midpoints, with adjusted EBITDA reaching $13.1 million and a 21% margin, up from 20% in 2024.
Free Cash Flow Exceeds Expectations
Q1 free cash flow was $7.9 million, higher than expected.
New Customer Wins and Expansions
Upland welcomed 107 new customers, including 19 major ones, and expanded relationships with 245 existing customers, 26 of which were major expansions.
AI-Enabled Product Recognition
Upland earned 76 badges in G2’s Spring 2025 report across its solutions, with notable recognition for AI-enabled products like Upland BA Insight and Upland InterFAX.
Improved Debt Position
Upland paid down $34.2 million of debt in Q1 2025, in addition to $189 million in 2024, reducing net leverage to an expected 3.7x by year-end.
Adjusted EBITDA Margin Growth
Adjusted EBITDA margin expected to expand to 26% in Q2 and 27% for the full year 2025, compared to 20% in 2024.