Upland Software (UPLD) Cost of Revenue (2013 - 2026)
Upland Software's (UPLD) quarterly Cost of Revenue came in at $11.7 million in Q2 2026, down 13.14% on a YoY basis from $13.4 million in Q2 2025, and down 2.21% quarter-over-quarter from $11.9 million in Q1 2026.
Analysis
Upland Software (UPLD) Cost of Revenue (2013 - 2026) Analysis & Trends
Upland Software (UPLD) has reported Cost of Revenue for 14 consecutive years, with $11.7 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Cost of Revenue fell 13.14% year-over-year to $11.7 million; the trailing twelve-month figure through Jun 2026 stood at $46.9 million (down 34.02% YoY), and the FY2025 full-year result was $54.8 million, down 32.47% from the prior year.
- Cost of Revenue declined to $11.7 million in Q2 2026 per UPLD's latest filing, from $11.9 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $26.7 million in Q4 2022 and bottomed at $11.6 million in Q4 2025.
- Historically, Cost of Revenue has averaged $20.0 million across 5 years, with a median of $20.8 million in 2024.
- The sharpest annual moves came in 2022 and 2025: Cost of Revenue grew 6.16% in 2022, then plunged 41.61% in 2025.
- Over 5 years, Cost of Revenue stood at $26.7 million in 2022, then dropped by 11.23% to $23.7 million in 2023, then retreated by 16.22% to $19.9 million in 2024, then slumped by 41.61% to $11.6 million in 2025, then increased by 0.62% to $11.7 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $11.7 million, $11.9 million, and $11.6 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Atlassian | 49.32 Bn | 48.08 Bn | 1.53 Bn | 238.45 Mn |
| 2 | Dropbox | 7.65 Bn | 6.54 Bn | 506.50 Mn | 125.00 Mn |
| 3 | Open Text | 5.80 Bn | 4.84 Bn | 1.01 Bn | 337.55 Mn |
| 4 | Box | 4.83 Bn | 4.38 Bn | 253.97 Mn | 67.18 Mn |
| 5 | Asana | 2.03 Bn | 1.81 Bn | 186.10 Mn | 30.33 Mn |
| 6 | Cheetah Mobile | 99.06 Mn | -64.30 Mn | 24.15 Mn | 13.40 Mn |
| 7 | Upland Software | 10.97 Mn | -20.70 Mn | 37.47 Mn | 11.67 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.67 Mn |
| Mar 31, 2026 | 11.93 Mn |
| Dec 31, 2025 | 11.60 Mn |
| Sep 30, 2025 | 11.68 Mn |
| Jun 30, 2025 | 13.44 Mn |
| Mar 31, 2025 | 18.05 Mn |
| Dec 31, 2024 | 19.86 Mn |
| Sep 30, 2024 | 19.71 Mn |
| Jun 30, 2024 | 20.47 Mn |
| Mar 31, 2024 | 21.05 Mn |
| Dec 31, 2023 | 23.71 Mn |
| Sep 30, 2023 | 22.94 Mn |
| Jun 30, 2023 | 24.18 Mn |
| Mar 31, 2023 | 25.54 Mn |
| Dec 31, 2022 | 26.71 Mn |
| Sep 30, 2022 | 25.73 Mn |
| Jun 30, 2022 | 26.55 Mn |
| Mar 31, 2022 | 24.76 Mn |
| Dec 31, 2021 | 25.20 Mn |
| Sep 30, 2021 | 24.82 Mn |