Upland Software Q2 Revenue Falls, Misses EPS

Upland Software reported Q2 2025 revenue of $53.38 million, a 23% year-over-year decline, while missing EPS estimates with a non-GAAP profit of $0.15 per share, which was 18.2% below analyst consensus. The company issued Q3 2025 revenue guidance of $49.8 million, slightly under Wall Street expectations, and narrowed its full-year 2025 sales outlook to between $211.8 million and $223.8 million. Adjusted EBITDA margin improved by 500 basis points year-over-year to 25%, although operating margin deteriorated to -13.2% from -7.7% the previous year. Management highlighted positive core organic growth and momentum in AI product sales. Despite operational improvements, long-term sales performance remains weak, and Upland's financial health is now considered 'fair performance' by some analysts. The stock has declined over the past year amid ongoing concerns about demand generation and sustained growth.