Upland Software, Inc. (UPLD) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: November 06, 2025

Risk Assessment Details

Potential Dilution: 36.49% of current shares
Recent Dilution: 5.37% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
29M
Potential Supply
11M
Additional shares possible
Splits
None
Past 2 years

Summary

UPLD currently has 28.8M outstanding shares. with moderate dilution risk from 10.5M authorized shares representing 36.5% potential dilution. The company has minimally diluted shareholders by 5.37% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Nov 06, 2025

10-Q filing | 28.8M shares outstanding

29M 11M
May 12, 2025

10-Q filing | 28.2M shares outstanding

28M 11M
Mar 12, 2025

10-K filing | 27.8M shares outstanding

28M 11M
Nov 07, 2024

10-Q filing | 27.3M shares outstanding

27M 12M
Aug 01, 2024

10-Q filing | 27.3M shares outstanding

27M 12M
May 02, 2024

10-Q filing | 28.9M shares outstanding

29M 10M
Feb 22, 2024

10-K filing | 28.9M shares outstanding

29M 10M
Nov 02, 2023

10-Q filing | 32.6M shares outstanding

33M 6.7M
Aug 03, 2023

10-Q filing | 32.5M shares outstanding

32M 6.8M
May 09, 2023

10-Q filing | 32.3M shares outstanding

32M 7M
Mar 01, 2023

10-K filing | 31.5M shares outstanding

32M 7.8M
Nov 03, 2022

10-Q filing | 31.7M shares outstanding

32M 7.6M
Oct 21, 2022

S-3 filing: Upland Software, Inc. is offering for resale up to 115,000 shares of Series A Preferred Stock and up to 7,908,572 shares of common stock issuable as Conversion Shares by the selling stockholders.

31M 7.9M
Aug 23, 2022

8-K filing: Upland Software, Inc. closed the issuance and sale of 115,000 shares of Series A Convertible Preferred Stock to Ulysses Aggregator, LP for $115,000,000, with the proceeds to be used for general corporate purposes and transaction-related fees and expenses. ($115.0M proceeds)

31M 0
Aug 09, 2022

10-Q filing | 31.4M shares outstanding

31M 0
Jul 14, 2022

8-K filing: Upland Software, Inc. entered into a Securities Purchase Agreement with Ulysses Aggregator, LP to issue and sell 115,000 shares of new Series A Preferred Stock at $1,000 per share for an aggregate purchase price of $115,000,000. ($115.0M proceeds)

31M 0
May 04, 2022

10-Q filing | 31.2M shares outstanding

31M 0
Feb 24, 2022

10-K filing | 30.3M shares outstanding

30M 0
Nov 03, 2021

10-Q filing | 30.4M shares outstanding

30M 0
Aug 04, 2021

10-Q filing | 30.1M shares outstanding

30M 0
May 05, 2021

10-Q filing | 30.1M shares outstanding

30M 0
Feb 25, 2021

10-K filing | 30.0M shares outstanding

30M 0
Nov 06, 2020

10-Q filing | 29.5M shares outstanding

29M 0
Aug 28, 2020

8-K filing: Upland Software, Inc. closed the sale of an additional 525,000 shares of common stock on August 27, 2020, as the underwriters exercised their over-allotment option related to the previously disclosed public offering that closed on August 14, 2020.

25M 0
Aug 14, 2020

8-K filing: Upland Software, Inc. closed a public offering on August 14, 2020, issuing and selling 3,500,000 shares of common stock at $34.00 per share, resulting in estimated proceeds of $113.0 million. ($119.0M proceeds)

25M 0
Aug 07, 2020

10-Q filing | 25.4M shares outstanding

25M 0
May 08, 2020

10-Q filing | 25.3M shares outstanding

25M 0
Mar 02, 2020

10-K filing | 25.2M shares outstanding

25M 0
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