UpCloud Due Diligence
Run due diligence on UpCloud: check compliance and get alerts when suppliers or ownership change.
Finland · owned by Independent (Finland) · upcloud.com · 34 vendors
Discover UpCloud's high-performance cloud infrastructure, built for developers and businesses. Get reliable, fast, and secure cloud hosting with flexible pricing, 100% uptime SLA, and 24/7 support. Start your cloud journey with UpCloud today.
Resilience scores
- Digital Sovereignty: 9
- Digital Resilience: 9
- Financial Resilience: 4.5
Technology vendors
- Cloudflare, Inc. — Technology — United States
- Mailgun — Technology — United States
- OpenAI — Technology — United States
- and 32 more
Services catalogue
6 services in catalogue across 2 categories; runs on 34 sub-vendors.
- Cloud Hosting
- Web Hosting
- storage
Insights
Last updated 2026-10-23 · revision 12
34 direct vendors, 275 subvendors
Direct vendors by controlling owner country (sample)
- Sweden: 2
- Australia: 1
- United States: 30
Subvendors by controlling owner country (sample)
- United States: 190
- Australia: 1
- Denmark: 5
Financials
Three-year financials
- 2022: revenue €29.7 million, EBIT €5.5 million, equity €13.6 million
- 2021: revenue €21.0 million, EBIT €3.4 million, equity €8.1 million
- 2020: revenue €14.8 million, EBIT €2.0 million, equity €4.7 million
Financial Resilience Score: 4.5/10
UpCloud exhibits strong financial resilience due to several key factors: 1. **Consistent High Growth & Profitability:** The company has consistently delivered over 40% year-over-year revenue growth while simultaneously increasing its operating income at an even faster rate (over 60% and 70% in the reported periods). This indicates a scalable business model with healthy unit economics and strong demand for its services. 2. **Healthy Operating Margins:** The significant operating income relative to revenue suggests efficient cost management and a strong value proposition that allows for healthy margins in a competitive cloud market. 3. **Robust Equity Base:** The substantial increase in equity, partly driven by a significant Series A funding round in 2021, provides a strong financial buffer. A larger equity base reduces reliance on debt and provides capital for future investments and expansion. 4. **Recurring Revenue Model:** As an IaaS provider, UpCloud operates on a subscription-based, recurring revenue model. This provides predictable cash flows, which is a fundamental pillar of financial stability and resilience, especially during economic downturns. 5. **Strategic Market Position:** UpCloud targets developers and businesses seeking high-performance, cost-effective cloud infrastructure, often positioning itself as an alternative to hyperscalers. This niche focus, combined with a global data center footprint, diversifies its market risk. 6. **Investment in Infrastructure:** Continuous investment in expanding its global data center network (currently 12 data centers across Europe, Asia, and North America) demonstrates a commitment to long-term growth and customer service, further solidifying its market position. The primary area for potential, though currently low, concern would be the intense competition within the cloud market from much larger players. However, UpCloud's focused strategy and demonstrated profitability suggest it is effectively navigating this landscape.
Key strengths: Consistent High Growth & Profitability, Healthy Operating Margins, Robust Equity Base, Recurring Revenue Model, Strategic Market Position, Investment in Infrastructure
Risk factors: Intense competition within the cloud market from much larger players
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