Upland Software UPLD
NASDAQ UPLD
$3.71 -0.29 (-7.25%)
At close: Sep 4, 2026 · 4:00 PM EDT

Upland Software (UPLD) Operating Expenses (2013 - 2026)

Upland Software's (UPLD) quarterly Operating Expenses came in at $67.2 million in Q2 2026, up 42.96% on a YoY basis from $47.0 million in Q2 2025, and up 111.83% quarter-over-quarter from $31.7 million in Q1 2026.

Analysis

Upland Software (UPLD) Operating Expenses (2013 - 2026) Analysis & Trends

Upland Software (UPLD) has reported Operating Expenses for 14 consecutive years, with $67.2 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses rose 42.96% year-over-year to $67.2 million; the trailing twelve-month figure through Jun 2026 stood at $162.9 million (down 16.05% YoY), and the FY2025 full-year result was $157.7 million, down 46.73% from the prior year.
  • Operating Expenses rose to $67.2 million in Q2 2026 per UPLD's latest filing, from $31.7 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $189.0 million in Q1 2023 and bottomed at $30.5 million in Q4 2025.
  • Historically, Operating Expenses has averaged $65.1 million across 5 years, with a median of $56.1 million in 2022.
  • The sharpest annual moves came in 2023 and 2025: Operating Expenses surged 174.89% in 2023, then slumped 66.99% in 2025.
  • Over 5 years, Operating Expenses stood at $66.1 million in 2022, then dropped by 12.5% to $57.9 million in 2023, then declined by 13.34% to $50.1 million in 2024, then tumbled by 39.07% to $30.5 million in 2025, then soared by 119.89% to $67.2 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $67.2 million, $31.7 million, and $30.5 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Atlassian 49.32 Bn 48.08 Bn 1.53 Bn 1.32 Bn
2 Dropbox 7.65 Bn 6.54 Bn 506.50 Mn 341.70 Mn
3 Open Text 5.80 Bn 4.84 Bn 1.01 Bn 691.79 Mn
4 Box 4.83 Bn 4.38 Bn 253.97 Mn 221.33 Mn
5 Asana 2.03 Bn 1.81 Bn 186.10 Mn 227.32 Mn
6 Cheetah Mobile 99.06 Mn -64.30 Mn 24.15 Mn -28.25 Mn
7 Upland Software 10.97 Mn -20.70 Mn 37.47 Mn 67.17 Mn
Historic Data

Historic Data

Download Data
DateValue
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