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
Download Data
Historic 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 |