Upland Software (UPLD) Operating Expenses (2013 - 2026)
Upland Software's (UPLD) quarterly Operating Expenses came in at $31.7 million in Q1 2026, down 32.05% YoY from $46.7 million in Q1 2025, and up 3.8% on a QoQ basis from $30.5 million in Q4 2025.
Upland Software (UPLD) Operating Expenses (2013 - 2026) Analysis & Trends
Upland Software (UPLD) has 14 years of Operating Expenses data on file, last reported at $31.7 million in Q1 2026.
- Quarterly Operating Expenses fell 32.05% year-over-year to $31.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $142.7 million (down 29.1% YoY) and the FY2025 annual result came in at $157.7 million, down 46.73% from the prior year.
- Operating Expenses climbed to $31.7 million in Q1 2026, from $30.5 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $189.0 million in Q1 2023 to a low of $30.5 million in Q4 2025.
- A 5-year average of $65.0 million and a median of $54.4 million in 2022 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses jumped 174.89% — and 2025, when it sank 66.99%.
- Tracing UPLD's Operating Expenses over 5 years: stood at $66.1 million in 2022, then decreased by 12.5% to $57.9 million in 2023, then slipped by 13.34% to $50.1 million in 2024, then sank by 39.07% to $30.5 million in 2025, then rose by 3.8% to $31.7 million in 2026.
- The last three Operating Expenses figures came in at $31.7 million (Q1 2026), $30.5 million (Q4 2025), and $33.5 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -16.33 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 1.22 Bn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 6.22 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 12.30 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 2.66 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 1.25 Bn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 4.34 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 3.67 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 4.54 Bn |
| 10 | Upland Software | 15.82 Mn | -15.85 Mn | 37.47 Mn | 67.17 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 67.17 Mn |
| Mar 31, 2026 | 31.71 Mn |
| Dec 31, 2025 | 30.55 Mn |
| Sep 30, 2025 | 33.50 Mn |
| Jun 30, 2025 | 46.98 Mn |
| Mar 31, 2025 | 46.66 Mn |
| Dec 31, 2024 | 50.14 Mn |
| Sep 30, 2024 | 50.30 Mn |
| Jun 30, 2024 | 54.24 Mn |
| Mar 31, 2024 | 141.33 Mn |
| Dec 31, 2023 | 57.85 Mn |
| Sep 30, 2023 | 58.90 Mn |
| Jun 30, 2023 | 59.71 Mn |
| Mar 31, 2023 | 188.95 Mn |
| Dec 31, 2022 | 66.11 Mn |
| Sep 30, 2022 | 54.38 Mn |
| Jun 30, 2022 | 64.56 Mn |
| Mar 31, 2022 | 68.74 Mn |
| Dec 31, 2021 | 52.78 Mn |
| Sep 30, 2021 | 56.98 Mn |