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Upland Software (Upland Software) Gross Margin % : 70.24% (As of Mar. 2024)


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What is Upland Software Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Upland Software's Gross Profit for the three months ended in Mar. 2024 was $49.7 Mil. Upland Software's Revenue for the three months ended in Mar. 2024 was $70.7 Mil. Therefore, Upland Software's Gross Margin % for the quarter that ended in Mar. 2024 was 70.24%.


The historical rank and industry rank for Upland Software's Gross Margin % or its related term are showing as below:

UPLD' s Gross Margin % Range Over the Past 10 Years
Min: 61.85   Med: 66.67   Max: 68.96
Current: 68.49


During the past 12 years, the highest Gross Margin % of Upland Software was 68.96%. The lowest was 61.85%. And the median was 66.67%.

UPLD's Gross Margin % is ranked better than
76.55% of 2631 companies
in the Software industry
Industry Median: 41.74 vs UPLD: 68.49

Upland Software had a gross margin of 70.24% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Upland Software was -0.20% per year.


Upland Software Gross Margin % Historical Data

The historical data trend for Upland Software's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Upland Software Gross Margin % Chart

Upland Software Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 68.96 66.26 67.07 67.31 67.65

Upland Software Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 66.86 67.55 69.05 67.15 70.24

Competitive Comparison of Upland Software's Gross Margin %

For the Software - Application subindustry, Upland Software's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Upland Software's Gross Margin % Distribution in the Software Industry

For the Software industry and Technology sector, Upland Software's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Upland Software's Gross Margin % falls into.



Upland Software Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Upland Software's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=201.5 / 297.852
=(Revenue - Cost of Goods Sold) / Revenue
=(297.852 - 96.361) / 297.852
=67.65 %

Upland Software's Gross Margin for the quarter that ended in Mar. 2024 is calculated as


Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=49.7 / 70.736
=(Revenue - Cost of Goods Sold) / Revenue
=(70.736 - 21.049) / 70.736
=70.24 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Upland Software  (NAS:UPLD) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Upland Software had a gross margin of 70.24% for the quarter that ended in Mar. 2024 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Upland Software Gross Margin % Related Terms

Thank you for viewing the detailed overview of Upland Software's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Upland Software (Upland Software) Business Description

Traded in Other Exchanges
Address
401 Congress Avenue, Suite 1850, Frost Bank Tower, Austin, TX, USA, 78701-3788
Upland Software Inc is a provider of cloud-based enterprise work management software. The company provides a family of cloud-based enterprise work management software applications for the information technology, process excellence, finance, professional services and marketing functions within organizations. It services customers ranging from corporations and Government agencies to small- and medium-sized businesses engaged in the field of financial services, retail, technology, manufacturing, education, consumer goods, media, and telecommunications, Government, food and beverage, healthcare and life sciences, chemicals and travel and hospitality.
Executives
Stephen E Courter director C/O CADIZ INC., 550 SOUTH HOPE STREET, 2850, LOS ANGELES X1 90071
Dan Doman officer: Chief Product Officer 401 CONGRESS AVENUE, SUITE 1850, AUSTIN TX 78701
Matthew Harnden Smith officer: General Counsel and Secretary 3950 SHACKLEFORD RD., SUITE 400, DULUTH GA 30096
Yates Oliver Robert Macfarlane officer: Chief Sales Officer C/O UPLAND SOFTWARE, INC., 401 CONGRESS AVENUE, SUITE 1850, AUSTIN TX 78701
Karen Cummings officer: Executive VP & Senior GM C/O OMTOOL, LTD., 8A INDUSTRIAL WAY, SALEM NH 03079
Michael Douglass Hill officer: CFO 401 CONGRESS AVE, SUITE 1850, AUSTIN TX 78701
Paul Kenneth Miller officer: Chief Operating Officer 401 CONGRESS AVENUE, SUITE 1850, AUSTIN TX 78701
Kinloch Iii Gill officer: CLO 401 CONGRESS AVE., STE. 1850, AUSTIN TX 78701
John T Mcdonald director, officer: CEO C/O UPLAND SOFTWARE INC., 401 CONGRESS AVE., SUITE 1850, AUSTIN TX 78701
Ian Burk officer: Chief Business Officer 401 CONGRESS AVENUE, SUITE 1850, AUSTIN TX 78701
Hggc Fund Iv Gp, Ltd. 10 percent owner 1950 UNIVERSITY AVENUE, SUITE #%), PALO ALTO CA 94303
Ulysses Aggregator, Lp 10 percent owner 1950 UNIVERSITY AVENUE, SUITE 350, PALO ALTO CA 94303
Chung David H S director 10900 NE 8TH STREET, SUITE 800, BELLEVUE WA 98004
Rodney C Favaron director 401 CONGRESS AVE., SUITE 1850, AUSTIN TX 78701
Fz-llc Devfactory 10 percent owner 705 AL THURAYA TOWER I, PO BOX 502091 MEDIA CITY, DUBAI C0 00000