Coupa Software revenue rises 17.8% in fiscal Q2


Coupa Software Inc. (NASDAQ: COUP) reported revenue rose 17.8% year over year in its fiscal second quarter ended July 31. The San Mateo, California-based company provides business spend management software, including a contingent workforce vendor management system.

(US$ thousands) Q2 2023 Q2 2022 % change
Total revenue $211,103 $179,246 17.8%
Gross profit $127,794 $100,026 27.8%
Gross margin 60.5% 55.8%  
Net loss ($70,598) ($86,749) nm

Coupa reported subscription revenue rose 23.3% year over year to $192.7 million, a record for the company.


Coupa forecast third-quarter revenue of between $211.0 million and $214.0 million. It forecast full-year revenue of between $838.0 million and $844.0 million.

Share price and market cap

Shares in Coupa were up 13.23% to $63.21 as of 12:21 p.m. Eastern time; they were 25.06% above their 52-week low, according to The company had a market cap of $4.30 billion.