Company research
Upstart Holdings, Inc.
CIK 1647639Updated Sep 24, 2026
SecurityUPST · NASDAQ · equity
UPST price & chart
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NASDAQ:UPST on TradingView ↗In the news
UPST IMPORTANT DEADLINE: ROSEN, SKILLED INVESTOR COUNSEL, Encourages Upstart Holdings, Inc. Investors to Secure Counsel Before Important June 8 Deadline in Securities Class Action – UPST ↗
UPST Investors Have Opportunity to Lead Upstart Holdings, Inc. Securities Fraud Lawsuit with the Schall Law Firm ↗
UPST Investors Have Opportunity to Lead Upstart Holdings, Inc. Securities Fraud Lawsuit with the Schall Law Firm ↗
Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 2,974,805,000Source | 2,366,958,000Source | 2,017,100,000Source | 1,936,054,000Source |
| Property, Plant and Equipment, NetUSD | 44,174,000Source | 39,013,000Source | 42,655,000Source | 44,168,000Source |
| GoodwillUSD | 67,062,000Source | 67,062,000Source | 67,062,000Source | 67,062,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 8,289,000Source | 9,431,000Source | 11,356,000Source | 15,631,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 652,388,000Source | 788,422,000Source | — | — |
| Operating Lease, Right-of-Use AssetUSD | 16,410,000Source | 43,455,000Source | 54,694,000Source | 86,335,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 2,175,990,000Source | 1,733,740,000Source | 1,381,795,000Source | 1,263,619,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 10,000Source | 9,000Source | 9,000Source | 8,000Source |
| Additional Paid in CapitalUSD | 1,156,361,000Source | 1,044,366,000Source | 917,872,000Source | 714,871,000Source |
| Retained Earnings (Accumulated Deficit)USD | -357,556,000Source | -411,157,000Source | -282,576,000Source | -42,444,000Source |
| Stockholders' Equity Attributable to ParentUSD | 798,815,000Source | 633,218,000Source | 635,305,000Source | 672,435,000Source |
| Liabilities and EquityUSD | 2,974,805,000Source | 2,366,958,000Source | 2,017,100,000Source | 1,936,054,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | — | 0Source | 0Source | 0Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | -108,665,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 24,835,000Source | 20,549,000Source | 24,903,000Source | 13,513,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 131,950,000Source | 133,400,000Source | 175,039,000Source | 125,945,000Source |
| Deferred Income Tax Expense (Benefit)USD | 0Source | 0Source | 0Source | -583,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -147,725,000Source | 186,331,000Source | -160,493,000Source | -674,681,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | 0Source | 0Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -177,171,000Source | -237,726,000Source | -118,455,000Source | -114,125,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 347,000Source | 837,000Source | 1,527,000Source | 8,825,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | 22,000Source | 15,000Source | 16,000Source |
| Payments for Repurchase of Common StockUSD | — | 0Source | 0Source | 177,883,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 405,645,000Source | 559,871,000Source | 214,268,000Source | 130,032,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 80,749,000Source | 508,476,000Source | -64,680,000Source | -658,774,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,057,012,000Source | 976,263,000Source | 467,787,000Source | 532,467,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 43,483,000Source | 43,119,000Source | 36,547,000Source | 12,473,000Source |
| Income Taxes Paid, NetUSD | 590,000Source | 258,000Source | -658,000Source | — |
| Additional Financial Items | ||||
| AmortizationUSD | 0Source | 0Source | 4,300,000Source | 4,300,000Source |
| Share-based Payment Arrangement, ExpenseUSD | 131,950,000Source | 133,400,000Source | 175,039,000Source | 125,945,000Source |
| DepreciationUSD | 23,700,000Source | 18,600,000Source | 20,600,000Source | 13,500,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | 7,246,000Source | 33,361,000Source | — | — |
| General and Administrative ExpenseUSD | 253,740,000Source | 230,935,000Source | 212,388,000Source | 185,290,000Source |
| GoodwillUSD | 67,062,000Source | 67,062,000Source | 67,062,000Source | 67,062,000Source |
| Income Tax Expense (Benefit)USD | 728,000Source | 185,000Source | 107,000Source | -409,000Source |
| Net Income (Loss) Attributable to ParentUSD | 53,601,000Source | -128,581,000Source | -240,132,000Source | -108,665,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | — | 0Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 53,601,000Source | — | — | -108,665,000Source |
| Operating ExpensesUSD | 1,001,226,000Source | 809,384,000Source | 770,087,000Source | 956,307,000Source |
| Other Nonoperating Income (Expense)USD | 24,324,000Source | 18,793,000Source | 21,206,000Source | 9,473,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | 0Source | 0Source |
| Proceeds from Stock Options ExercisedUSD | — | 21,414,000Source | 12,881,000Source | 12,354,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | — | — | — | 907,272,000Source |
| Operating Income (Loss)USD | 42,631,000Source | -172,856,000Source | -256,525,000Source | -113,863,000Source |
| Other Nonoperating Income (Expense)USD | 24,324,000Source | 18,793,000Source | 21,206,000Source | 9,473,000Source |
| Income Tax Expense (Benefit)USD | 728,000Source | 185,000Source | 107,000Source | -409,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | — | 0Source |
| Net Income (Loss) Attributable to ParentUSD | 53,601,000Source | -128,581,000Source | -240,132,000Source | -108,665,000Source |
| Earnings Per Share, BasicUSD per share | 0.56Source | -1.44Source | -2.87Source | -1.31Source |
| Earnings Per Share, DilutedUSD per share | 0.45Source | -1.44Source | -2.87Source | -1.31Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 96,030,558Source | 89,450,038Source | 83,765,896Source | 82,771,268Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 107,492,735Source | 89,450,038Source | 83,765,896Source | 82,771,268Source |
| Additional Financial Items | ||||
| Business Combination, Acquisition Related CostsUSD | — | — | 0Source | 0Source |
| Current Income Tax Expense (Benefit)USD | 728,000Source | 185,000Source | 107,000Source | 174,000Source |
| General and Administrative ExpenseUSD | 253,740,000Source | 230,935,000Source | 212,388,000Source | 185,290,000Source |
| Income (Loss) Attributable to Parent, before TaxUSD | 54,329,000Source | -128,396,000Source | -240,025,000Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 54,300,000Source | -128,400,000Source | -240,000,000Source | -109,100,000Source |
| Interest ExpenseUSD | — | — | 34,894,000Source | 10,843,000Source |
| InterestExpenseOperatingUSD | 31,664,000Source | 40,433,000Source | — | — |
| Interest Income (Expense), NetUSD | 93,846,000Source | 1,062,000Source | -46,869,000Source | — |
| Interest Income, OperatingUSD | 204,230,000Source | 186,360,000Source | 168,996,000Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 53,601,000Source | — | — | -108,665,000Source |
| Operating ExpensesUSD | 1,001,226,000Source | 809,384,000Source | 770,087,000Source | 956,307,000Source |
| Preferred Stock Dividends, Income Statement ImpactUSD | — | — | — | 0Source |
| Research and Development ExpenseUSD | 257,602,000Source | 253,653,000Source | 280,138,000Source | 237,247,000Source |
| Selling and Marketing ExpenseUSD | 301,507,000Source | 166,800,000Source | 127,143,000Source | 345,776,000Source |