UPLAND SOFTWARE, INC.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-38.9M | $-112.7M | $-179.9M | $-68.4M | $-58.2M | $-51.2M | $-45.4M | $-10.8M |
| Depreciation & Amortization | $32.1M | $55.0M | $72.0M | $56.1M | $52.9M | $47.2M | $34.6M | $21.3M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $31.2M | $53.8M | $70.6M | $54.6M | $50.9M | $44.9M | $32.4M | $19.0M |
| Stock-Based Compensation | $9.1M | $15.3M | $22.9M | $41.6M | $53.9M | $41.7M | $25.8M | $14.1M |
| Net Cash from Operating Activities | $25.8M | $24.2M | $49.9M | $30.0M | $41.7M | $35.6M | $12.1M | $7.3M |
| Investing Activities | ||||||||
| Capital Expenditures | $1.4M | $882.0K | $1.2M | $866.0K | $1.1M | $1.1M | $1.0M | $935.0K |
| Business Acquisitions | — | $0 | $0 | $62.4M | $92.4M | $67.7M | $216.0M | $160.8M |
| Net Cash from Investing Activities | $8.8M | $-882.0K | $-1.2M | $-63.2M | $-93.5M | $-69.0M | $-217.8M | $-161.7M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-63.4M | $-202.3M | $-61.4M | $94.2M | $-8.2M | $107.9M | $363.8M | $149.9M |
| Net Change in Cash | $-27.0M | $-179.5M | $-12.1M | $59.5M | $-60.9M | $75.0M | $158.3M | $-5.6M |
| Free Cash Flow | $24.4M | $23.4M | $48.7M | $29.1M | $40.6M | $34.5M | $11.0M | $6.4M |