The invention relates to an adjustable cup stand, which comprises a cup stand body, a fixing element, an elastic element and a lug boss, wherein the cup stand body can realize the vertical telescopic effect, the fixing element is used for fixing the cup stand body onto an external plate body, and comprises an upper fixing plate, a lower fixing plate and a sleeve ring positioned between the upper fixing plate and the lower fixing plate, the cup stand body is sleeved in the sleeve ring, an open edge of the upper end of the cup stand body is outwards folded to form a flanging, and the elastic body and the lug boss which are used for limiting the relative telescopic position of the cup stand body are arranged on the inner wall of the sleeve ring. Compared with the prior art, the adjustable cup stand has the following advantages that 1, the placing depth is effectively increased, and the stability for placing a cup is improved, so that the cup cannot easily fall down, and in addition, the adjustable cup stand is generally applicable to dinner tables and can also be used for business desks with needs; 2, the cup stand is downwards expanded, the effective use space of a user is saved, and the adjustable cup stand can be folded when being not used; 3, rivets are used for fixing, and the firmer effect is realized; 4, the structure of each part is simple, and the additional mold casting is not needed.