Upland Software annual free cash flow
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2025
Upland Software Free Cash Flow (FCF) History (UPLD)
Upland Software reported $24.4M in free cash flow for fiscal 2025, an increase of 4.67% from the previous fiscal year, with a free cash flow margin of 11.27%.
View full Upland Software company overviewUpland Software free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $24.4M | $1.1M | +4.67% | +11.27% |
| 2024 | 2024-12-31 | $23.4M | −$25.4M | −52.06% | +8.50% |
| 2023 | 2023-12-31 | $48.7M | $19.6M | +67.36% | +16.36% |
| 2022 | 2022-12-31 | $29.1M | −$11.5M | −28.33% | +9.18% |
| 2021 | 2021-12-31 | $40.6M | $6.1M | +17.73% | +13.45% |
| 2020 | 2020-12-31 | $34.5M | $23.5M | +212.67% | +11.83% |
| 2019 | 2019-12-31 | $11.0M | $4.6M | +72.11% | +4.96% |
| 2018 | 2018-12-31 | $6.4M | −$908,000 | −12.40% | +4.28% |
| 2017 | 2017-12-31 | $7.3M | $4.1M | +128.39% | +7.47% |
| 2016 | 2016-12-31 | $3.2M | $5.7M | — | +4.29% |
| 2015 | 2015-12-31 | −$2.5M | −$2.8M | — | −3.52% |
| 2014 | 2014-12-31 | $316,000 | $818,000 | — | +0.49% |
| 2013 | 2013-12-31 | −$502,000 | −$1.8M | — | −1.22% |
| 2012 | 2012-12-31 | $1.3M | — | — | +5.84% |
Upland Software quarterly free cash flow
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Q2.14
Q3.14
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Q2.16
Q3.16
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Q2.17
Q3.17
Q4.17
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Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
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Q4.22
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Q2.23
Q3.23
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Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $5.3M | $2.6M | +98.98% | +10.75% |
| Q1 2026 | 2026-03-31 | $5.5M | −$2.4M | −29.93% | +11.34% |
| Q4 2025 | 2025-12-31 | $7.2M | −$1.8M | −19.84% | +14.66% |
| Q3 2025 | 2025-09-30 | $6.7M | $2.5M | +59.00% | +13.22% |
| Q2 2025 | 2025-06-30 | $2.7M | −$2.5M | −48.90% | +4.97% |
| Q1 2025 | 2025-03-31 | $7.9M | $2.9M | +59.60% | +12.38% |
| Q4 2024 | 2024-12-31 | $9.0M | $418,000 | +4.86% | +13.26% |
| Q3 2024 | 2024-09-30 | $4.2M | −$13.6M | −76.36% | +6.30% |
| Q2 2024 | 2024-06-30 | $5.2M | −$1.5M | −22.83% | +7.49% |
| Q1 2024 | 2024-03-31 | $4.9M | −$10.7M | −68.37% | +6.98% |
| Q4 2023 | 2023-12-31 | $8.6M | $2.9M | +51.12% | +11.92% |
| Q3 2023 | 2023-09-30 | $17.8M | $16.3M | +1120.11% | +23.98% |
| Q2 2023 | 2023-06-30 | $6.7M | −$7.2M | −51.62% | +9.04% |
| Q1 2023 | 2023-03-31 | $15.6M | $7.6M | +94.01% | +20.26% |
| Q4 2022 | 2022-12-31 | $5.7M | −$7.2M | −56.01% | +7.22% |
| Q3 2022 | 2022-09-30 | $1.5M | −$3.4M | −70.14% | +1.83% |
| Q2 2022 | 2022-06-30 | $13.9M | $3.3M | +31.54% | +17.35% |
| Q1 2022 | 2022-03-31 | $8.0M | −$4.2M | −34.16% | +10.22% |
| Q4 2021 | 2021-12-31 | $12.9M | −$8.2M | −38.92% | +17.09% |
| Q3 2021 | 2021-09-30 | $4.9M | −$13.6M | −73.65% | +6.42% |
| Q2 2021 | 2021-06-30 | $10.6M | $10.2M | +2512.35% | +13.87% |
| Q1 2021 | 2021-03-31 | $12.2M | $17.8M | — | +16.52% |
| Q4 2020 | 2020-12-31 | $21.2M | $14.5M | +215.99% | +27.08% |
| Q3 2020 | 2020-09-30 | $18.5M | $19.2M | — | +24.96% |
| Q2 2020 | 2020-06-30 | $405,000 | $77,000 | +23.48% | +0.57% |
| Q1 2020 | 2020-03-31 | −$5.6M | −$10.3M | — | −8.24% |
| Q4 2019 | 2019-12-31 | $6.7M | $4.4M | +196.94% | +10.15% |
| Q3 2019 | 2019-09-30 | −$701,000 | −$1.6M | — | −1.27% |
| Q2 2019 | 2019-06-30 | $328,000 | −$3.8M | −92.05% | +0.62% |
| Q1 2019 | 2019-03-31 | $4.7M | $5.6M | — | +9.70% |
| Q4 2018 | 2018-12-31 | $2.3M | $397,000 | +21.33% | +5.00% |
| Q3 2018 | 2018-09-30 | $929,000 | $931,000 | — | +2.50% |
| Q2 2018 | 2018-06-30 | $4.1M | $3.3M | +423.60% | +11.48% |
| Q1 2018 | 2018-03-31 | −$901,000 | −$5.5M | — | −2.85% |
| Q4 2017 | 2017-12-31 | $1.9M | −$663,000 | −26.27% | +6.68% |
| Q3 2017 | 2017-09-30 | −$2,000 | −$155,000 | — | −0.01% |
| Q2 2017 | 2017-06-30 | $788,000 | −$106,000 | −11.86% | +3.38% |
| Q1 2017 | 2017-03-31 | $4.6M | $5.4M | — | +22.07% |
| Q4 2016 | 2016-12-31 | $2.5M | $6.2M | — | +13.03% |
| Q3 2016 | 2016-09-30 | $153,000 | −$510,000 | −76.92% | +0.80% |
| Q2 2016 | 2016-06-30 | $894,000 | −$233,000 | −20.67% | +4.81% |
| Q1 2016 | 2016-03-31 | −$798,000 | −$218,000 | — | −4.54% |
| Q4 2015 | 2015-12-31 | −$3.7M | −$3.9M | — | −20.85% |
| Q3 2015 | 2015-09-30 | $663,000 | $512,000 | +339.07% | +3.88% |
| Q2 2015 | 2015-06-30 | $1.1M | $5.1M | — | +6.38% |
| Q1 2015 | 2015-03-31 | −$580,000 | −$4.6M | — | −3.31% |
| Q4 2014 | 2014-12-31 | $192,000 | — | — | +1.17% |
| Q3 2014 | 2014-09-30 | $151,000 | — | — | +0.93% |
| Q2 2014 | 2014-06-30 | −$4.0M | — | — | −24.79% |
| Q1 2014 | 2014-03-31 | $4.0M | — | — | +25.56% |
Upland Software free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $34.5M to $24.4M, a compound annual decline of 6.66%. Upland Software's latest reported quarter, Q2 2026, generated $5.3M in free cash flow, an increase of 98.98% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Upland Software filings at SEC.gov ↗