Overview

* Upland Q3 2025 revenue beats analyst expectations despite 24% yr/yr decline

* Adjusted EBITDA for Q3 meets analyst estimates, margin expands significantly

* Company refinances debt, extends maturity to 2031, secures $30 mln revolver

Outlook

* Upland expects Q4 2025 revenue between $46.4 mln and $52.4 mln

* Company forecasts Q4 2025 Adjusted EBITDA between $13.8 mln and $16.8 mln

* Upland anticipates FY 2025 revenue between $214 mln and $220 mln

Result Drivers

* DIVESTITURES - Revenue decline attributed to divestitures completed earlier this year

* AI PRODUCT TRACTION - New multi-year customer wins with significant contract values, per CEO Jack McDonald

* CUSTOMER EXPANSION - 97 new customers added, 168 existing customer relationships expanded

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $50.50 $49.90

Revenue mln mln (3

Analysts

)

Q3 EPS -$0.09

Q3 Net -$1.10

Income mln

Q3 Meet $16 mln $16 mln

Adjusted (3

EBITDA Analysts

)

Q3 Free $6.70

Cash mln

Flow

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the software peer group is "buy"

* Wall Street's median 12-month price target for Upland Software Inc ( UPLD ) is $4.50, about 57.3% above its November 5 closing price of $1.92

* The stock recently traded at 3 times the next 12-month earnings vs. a P/E of 3 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)