Financial Performance - Q4 2025 adjusted EBITDA was $15.3 million, resulting in an adjusted EBITDA margin of 31%, an increase from 22% in Q4 2024 [4][10] - Free cash flow for Q4 was $7.2 million, contributing to a full-year free cash flow of $24.4 million, exceeding the target of $20 million [4][11] - Annual net dollar retention rate was 96% in 2025, consistent with the prior year [1] Customer Metrics - Upland Software welcomed 110 new customers in Q4, including 15 major customers, and expanded relationships with 199 existing customers, with 27 major expansions [4][5] - The core organic growth rate was flat in Q4 2025, with a target of 1% to 2% growth for 2026, showing an improving trend from negative growth in previous years [1][14] Product Recognition - Upland Software earned 49 badges in G2's Winter 2026 market reports, indicating strong customer validation [5] - The company was recognized as a Major Player in the IDC MarketScape Worldwide General-Purpose Knowledge Discovery Software, 2025 Vendor Assessment [5] - Inclusion in the Gartner Market Guide for RFP Response Management Applications highlights the impact of Upland's AI-powered software [6] Leadership Transition - Sean Nathaniel will join Upland Software as the new CEO, transitioning from Jack McDonald, who will become Chairman [7][9] - Nathaniel's experience with AI initiatives and familiarity with the company's products and customers is expected to drive future growth [8][9] Guidance and Future Outlook - For Q1 2026, total revenue is expected to be between $47 million and $50 million, reflecting a 24% decline at the midpoint due to divestitures [12] - Full-year 2026 total revenue is projected to be between $194.2 million and $206.2 million, indicating an 8% decline at the midpoint from 2025 [13] - Adjusted EBITDA for 2026 is expected to be between $52.6 million and $58.6 million, with a margin of 28% at the midpoint [13][15]

Core Viewpoint - BlackRock's actively managed ETF, BAI, has gained significant attention and performance, driven by a focus on long-term winners in the artificial intelligence sector, including both well-known and lesser-known companies integral to the AI ecosystem [2][3][4]. Investment Strategy - The BAI ETF has skyrocketed over 65% in the past six months, highlighting the strong performance of AI-related stocks [4]. - Diversification is emphasized as crucial for investors, with a recommendation to explore various market opportunities beyond the dominant MAG7 tech stocks [5][6]. Market Trends - There is a growing interest in sectors such as infrastructure and reshoring efforts, particularly in semiconductor manufacturing, which require different investment strategies compared to AI [9]. - The current market environment has led to increased interest in alternative assets like gold and Bitcoin, driven by macroeconomic factors such as inflation and geopolitical concerns [12][13]. Portfolio Construction - BlackRock suggests a three-bucket approach to portfolio construction: low-cost market ETFs, thematic and factor-based strategies for alpha generation, and risk management strategies [14][15]. - Buffer ETFs are gaining traction as a protective measure against market selloffs while allowing for upside participation, catering to investors who are cautious about entering the market at record highs [16][19].

Hello and welcome to cbc. com. I'm Frank Colin, anchor worldwide exchange.We are looking at ETF net inflows for the year that are now over $1 trillion. And I'm joined by Todd Rosenluth of Vetify to talk about all the action in ETFs. Todd, thank you so much for joining us.>> It's a pleasure to be with you. >> All right, based on the pace that we're at, we're at 1.06% trillion according to your data. We're well on pace to pass last year's record of 1.12% trillion.What does that say about ETFs and investor app ...