Upland Software Inc (UPLD) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Upland Software Inc $4.67, price $3.54, upside +31.8%, quality 50 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $3.12 – $420.30 · fair‑value band $2.08 – $8.11 · the $3.54 price screens below the $4.67 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.
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Upland Software, Inc., together with its subsidiaries, provides an AI-powered knowledge and content management software under the Upland brand name in the United States, the United Kingdom, Canada, and internationally.
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Upland Software, Inc., together with its subsidiaries, provides an AI-powered knowledge and content management software under the Upland brand name in the United States, the United Kingdom, Canada, and internationally. It offers knowledge management solutions to help organizations capture, organize, and distribute information to employees and customers; content lifecycle and workflow automation solutions that support document management, compliance, and processes in various industries; and tools for content capture, storage, retrieval, and automated processing, as well as secure digital faxing to replace traditional fax infrastructure. The company also provides project and portfolio management, customer reference management, and IT spending management solutions for resource planning, governance, and operational oversight in organizations; and professional services, such as implementation, data extraction, integration, and configuration, and training on its applications. It serves financial services, consulting services, technology, manufacturing, media, telecommunications, government, insurance, non-profit, healthcare, life sciences, retail, and hospitality industries. The company was formerly known as Silverback Enterprise Group, Inc. and changed its name to Upland Software, Inc. in November 2013. Upland Software, Inc. was incorporated in 2010 and is headquartered in Austin, Texas.
Stock analysis
Upland Software Inc (UPLD) currently trades at $3.54, while our model-based Fair Value estimate is $4.67, implying the stock looks roughly 24.2% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $41.74 per share, and 7 of the 7 models we run sit above the $3.54 price.
Bear case: the Asset-Based group reads lowest at $18.42, and 0 of the 7 models stay below the price. Evidence for this calculation is medium.
Scenario range: $2.08 (bear) to $8.11 (bull), the price of $3.54 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 50/100 (solid quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Upland Software Inc reported revenue of $217M in FY2025 versus $302M in FY2021, a compound −7.9%/yr. Reported net income was −$38.9M in FY2025.
Key figures
Market cap $14.1M · P/S ratio 0.07 · EPS (TTM) $−6.80 · Net margin −17.9% · Return on equity −17.3% · Return on assets (EBIT) −8.2% · Operating margin 10.4% · Revenue (TTM) $202M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 86% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −6% fair-value upside, at 32%, UPLD screens cheaper than that median.
Fair Value models
Bear $2.08Fair Value $4.67Bull $8.11
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.23/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−21.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−11.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−5.8%
Start year 2020 (pandemic). Over 10 years: +12.0% a year
Revenue growth 13 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+18.9%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−10.9% (2019) → −37.2% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Software - Application · 720 stocks
Beats the industry median on 7/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside+32% · Top 25%
Profitability
Return on assets3% · Above median
Net margin (TTM)−7% · Below median
Operating margin (TTM)10% · Above median
Growth and dividend
Revenue growth−24% · Bottom 25%
Balance sheet
Debt / equity2.78× · Highest 25%
Valuation Multiplesvs Software - Application median · lower = cheaper
P/B0.17× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Upland Software Inc (UPLD) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $4.67 versus a price of $3.54, about +32% upside (undervalued).
What is the fair value of UPLD?
Our model-based fair value for Upland Software Inc is $4.67 (as of Sep 23, 2026), built from audited fundamentals. The current price: $3.54.
What is the quality score of UPLD?
Upland Software Inc has a Quality Score of 50/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Upland Software Inc (UPLD)?
Our model-based price target is the fair value of $4.67 (as of Sep 23, 2026) from 7 valuation models. Cautious scenario $2.08, optimistic scenario $8.11. It is a calculation from audited fundamentals, not an analyst target.
What is the Upland Software Inc stock forecast for 2026?
Our models put fair value at $4.67, about +32% upside versus a price of $3.54 (undervalued). Cautious scenario $2.08, optimistic scenario $8.11. The calculation is refreshed regularly with new filings.
What is the revenue of Upland Software Inc (UPLD)?
Upland Software Inc reported trailing-twelve-month revenue of about $202M (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of Upland Software Inc (UPLD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Upland Software Inc it is $4.67 per share (as of Sep 23, 2026), against a price of $3.54. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Upland Software Inc stock overvalued or undervalued in 2026?
As of Sep 23, 2026, UPLD trades below its calculated fair value: price $3.54, fair value $4.67, a gap of about +32% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of UPLD?
No. The price is what the market pays today ($3.54); the fair value is what the company's own numbers justify ($4.67). For Upland Software Inc the two are $1.13 per share apart. That gap is exactly why we show both numbers side by side.
How much is Upland Software Inc worth?
The market values Upland Software Inc at about $14.1M (market capitalisation, as of Sep 23, 2026). Per share that is $3.54; our models calculate a fair value of $4.67 per share.
What do the bullish and bearish scenarios say about UPLD?
Our models span a range for Upland Software Inc: cautious scenario $2.08, base $4.67, optimistic $8.11 per share (as of Sep 23, 2026, price $3.54). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of UPLD?
The PEG ratio of Upland Software Inc is 1.25 (P/E divided by earnings growth, as of Sep 23, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Upland Software Inc (UPLD)?
Balance-sheet figures for Upland Software Inc (as of Sep 23, 2026): return on equity −17.3%, debt of 2.78 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is UPLD from its 52-week high?
Upland Software Inc trades at $3.54, about 86% below its 52-week high of $26.10 and 13% above the low of $3.12 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $4.67 is for.
Which stocks are comparable to Upland Software Inc?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Upland Software Inc stock attractive at the current price?
The data as of Sep 23, 2026: price $3.54, calculated fair value $4.67 (+32%), Quality Score 50/100, from 7 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of UPLD calculated?
We run Upland Software Inc through 7 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $4.67, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. Upland Software Inc currently trades 32 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Upland Software Inc (UPLD)?
The closing price on Sep 23, 2026 was $3.54. Our model-based fair value is $4.67, about +32% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Upland Software Inc right now?
The model range is unusually wide ($2.08 to $8.11). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (50/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Upland Software Inc
How large is the market capitalisation of Upland Software Inc (UPLD)?
The market capitalisation of Upland Software Inc is $14.1M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Upland Software Inc (UPLD)?
The price-to-sales ratio of Upland Software Inc is 0.07 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Upland Software Inc (UPLD)?
Earnings per share at Upland Software Inc are $−6.80. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Upland Software Inc (UPLD)?
The net margin of Upland Software Inc is −17.9% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Upland Software Inc (UPLD)?
The return on equity (ROE) of Upland Software Inc is −17.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Upland Software Inc (UPLD)?
On an EBIT basis the return on assets of Upland Software Inc is −8.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Upland Software Inc (UPLD)?
The operating margin of Upland Software Inc is 10.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Upland Software Inc (UPLD)?
Revenue at Upland Software Inc is growing −23.5% versus a year earlier (3y avg −11.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Upland Software Inc (UPLD) generate?
The free cash flow of Upland Software Inc is $24.4M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Upland Software Inc (UPLD) carry?
The net debt of Upland Software Inc is $206M (fiscal year 2025, ≈ 8.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Sep 23, 2026