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Upstart Holdings, Inc.

EDGAR

UPST Current report (8-K) · filed 2026-10-20

Annual consolidated revenue for 2025: about USD 1.044B, using the latest reported figures. The previous period, 2024, was about USD 636.5M.

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Watchlist

Latest quarter

Revenue

365 million USD

2026 Q2 · USD

Exact inputs and evidence

Revenue: 364708000 USD Source

Operating margin

4.01%

2026 Q2 · %

Exact inputs and evidence

Operating Income: 14639000 USD Source
Revenue: 364708000 USD Source

Operating cash flow

-137 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating Cash Flow: -269929000 USD Source
Operating Cash Flow: -133297000 USD Source

Free cash flow

-139 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating Cash Flow: -269929000 USD Source
Operating Cash Flow: -133297000 USD Source
Capital Expenditure: 4808000 USD Source
Capital Expenditure: 2750000 USD Source

Cash and cash equivalents: 456 million USD 2026-06-30 Source
Exact value

455957000 USD
Long-term debt including current maturities: Not available
Shares outstanding: 97.3 million shares 2026-06-30 Source
Exact value

97306813 shares

Reported share-count change

1.26% · 1.22 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence

96091343 shares · 2025-06-30· Source
97306813 shares · 2026-06-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

1.25 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Revenue: 277105000 USD · 2025-07-01 – 2025-09-30 Source
Revenue: 1043857000 USD · 2025-01-01 – 2025-12-31 Source
Revenue: 747767000 USD · 2025-01-01 – 2025-09-30 Source
Revenue: 308214000 USD · 2026-01-01 – 2026-03-31 Source
Revenue: 364708000 USD · 2026-04-01 – 2026-06-30 Source

Net income

60.3 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Net income: 31805000 USD · 2025-07-01 – 2025-09-30 Source
Net income: 53601000 USD · 2025-01-01 – 2025-12-31 Source
Net income: 34965000 USD · 2025-01-01 – 2025-09-30 Source
Net income: -6646000 USD · 2026-01-01 – 2026-03-31 Source
Net income: 16539000 USD · 2026-04-01 – 2026-06-30 Source

Operating cash flow

-284 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Operating cash flow: -256277000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: -133648000 USD · 2025-01-01 – 2025-06-30 Source
Operating cash flow: -147725000 USD · 2025-01-01 – 2025-12-31 Source
Operating cash flow: -256277000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: -133297000 USD · 2026-01-01 – 2026-03-31 Source
Operating cash flow: -269929000 USD · 2026-01-01 – 2026-06-30 Source
Operating cash flow: -133297000 USD · 2026-01-01 – 2026-03-31 Source

Capital expenditure

5.04 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Capital expenditure: 190000 USD · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 115000 USD · 2025-01-01 – 2025-06-30 Source
Capital expenditure: 347000 USD · 2025-01-01 – 2025-12-31 Source
Capital expenditure: 190000 USD · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 2750000 USD · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 4808000 USD · 2026-01-01 – 2026-06-30 Source
Capital expenditure: 2750000 USD · 2026-01-01 – 2026-03-31 Source

Free cash flow

-289 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Operating cash flow: -256277000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: -133648000 USD · 2025-01-01 – 2025-06-30 Source
Operating cash flow: -147725000 USD · 2025-01-01 – 2025-12-31 Source
Operating cash flow: -256277000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: -133297000 USD · 2026-01-01 – 2026-03-31 Source
Operating cash flow: -269929000 USD · 2026-01-01 – 2026-06-30 Source
Operating cash flow: -133297000 USD · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 190000 USD · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 115000 USD · 2025-01-01 – 2025-06-30 Source
Capital expenditure: 347000 USD · 2025-01-01 – 2025-12-31 Source
Capital expenditure: 190000 USD · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 2750000 USD · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 4808000 USD · 2026-01-01 – 2026-06-30 Source
Capital expenditure: 2750000 USD · 2026-01-01 – 2026-03-31 Source

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-20.

Financial data available through: 2025-12-31.

Coverage by financial measure

Revenue: 7 of 11 periods available· newest 2025-12-31
Operating income: 7 of 11 periods available· newest 2025-12-31
Net income: 7 of 11 periods available· newest 2025-12-31
Operating cash flow: 7 of 11 periods available· newest 2025-12-31
Capital expenditure: 7 of 11 periods available· newest 2025-12-31
Total assets: 6 of 11 periods available· newest 2025-12-31
Total liabilities: 6 of 11 periods available· newest 2025-12-31
current assets: No compatible figures in this window
current liabilities: No compatible figures in this window
Cash and cash equivalents: 3 of 11 periods available· newest 2025-12-31
long term debt: No compatible figures in this window
Shares outstanding: 6 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
+64%

Prior period

USD 636.53 million

2024-01-01 – 2024-12-31
Current period

USD 1.04 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

1043857000 − 636528000 = 407329000 USD

636528000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
1043857000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · Upstart Holdings, Inc. · 2025-12-31 Upstart Holdings, Inc. (edgar:1647639) Year-over-year change in Revenue: 407329000 USD Concept: fundies:Revenue Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T23:23:14Z Snapshot: ca0e640291d283e31cd085dc5f031d4808aa3fcec275282fa6d28a8b9cdc6dad Dimensions: Consolidated View: https://fundies.io/companies/edgar/1647639?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 1043857000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763926000027/upst-20251231.htm#1198809 Filing: 000164763926000027 Input fundies:Revenue: 636528000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763926000027/upst-20251231.htm#1198195 Filing: 000164763926000027
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Net income
+USD 182.18 million

Prior period

−USD 128.58 million

2024-01-01 – 2024-12-31
Current period

USD 53.6 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

53601000 − -128581000 = 182182000 USD

-128581000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
53601000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Net income · Upstart Holdings, Inc. · 2025-12-31 Upstart Holdings, Inc. (edgar:1647639) Year-over-year change in Net income: 182182000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T23:23:14Z Snapshot: ca0e640291d283e31cd085dc5f031d4808aa3fcec275282fa6d28a8b9cdc6dad Dimensions: Consolidated View: https://fundies.io/companies/edgar/1647639?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:NetIncome: 53601000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763926000027/upst-20251231.htm#1374768 Filing: 000164763926000027 Input fundies:NetIncome: -128581000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763926000027/upst-20251231.htm#1373995 Filing: 000164763926000027
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Operating cash flow
-179.3%

Prior period

USD 186.33 million

2024-01-01 – 2024-12-31
Current period

−USD 147.73 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

-147725000 − 186331000 = -334056000 USD

186331000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
-147725000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · Upstart Holdings, Inc. · 2025-12-31 Upstart Holdings, Inc. (edgar:1647639) Year-over-year change in Operating cash flow: -334056000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T23:23:14Z Snapshot: ca0e640291d283e31cd085dc5f031d4808aa3fcec275282fa6d28a8b9cdc6dad Dimensions: Consolidated View: https://fundies.io/companies/edgar/1647639?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: -147725000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763926000027/upst-20251231.htm#1426750 Filing: 000164763926000027 Input fundies:OperatingCashFlow: 186331000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763926000027/upst-20251231.htm#1426101 Filing: 000164763926000027
The citation records this snapshot. The page link may show a newer release later.
Capital expenditure
-58.5%

Prior period

USD 837,000

2024-01-01 – 2024-12-31
Current period

USD 347,000

2025-01-01 – 2025-12-31

Exact inputs and evidence

347000 − 837000 = -490000 USD

837000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
347000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Capital expenditure · Upstart Holdings, Inc. · 2025-12-31 Upstart Holdings, Inc. (edgar:1647639) Year-over-year change in Capital expenditure: -490000 USD Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T23:23:14Z Snapshot: ca0e640291d283e31cd085dc5f031d4808aa3fcec275282fa6d28a8b9cdc6dad Dimensions: Consolidated View: https://fundies.io/companies/edgar/1647639?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:CapitalExpenditure: 347000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763926000027/upst-20251231.htm#1450263 Filing: 000164763926000027 Input fundies:CapitalExpenditure: 837000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763926000027/upst-20251231.htm#1449704 Filing: 000164763926000027
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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

Revenue USD 1.04 billion 100% of revenue
Operating costs Derived USD 1 billion 96% of revenue
Operating income USD 42.63 million 4.1% of revenue
Tax, interest and other Derived −USD 10.97 million −1.1% of revenue
Net income USD 53.6 million 5.1% of revenue

Cash

Operating cash flow −USD 147.73 million −14% of revenue
Capital expenditure USD 347,000 0% of revenue
Free cash flow Derived −USD 148.07 million −14% of revenue

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2019 Operating loss: operating costs were 103% of revenue.
2020 95%
2021 16%83%
2022 Operating loss: operating costs were 114% of revenue.
2023 Operating loss: operating costs were 150% of revenue.
2024 Operating loss: operating costs were 127% of revenue.
2025 Net income was higher than operating income, so the split is not drawn.

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2019 2019-01-01 – 2019-12-31	159847000	164422000 Derived	-4575000	-4109000 Derived	-466000	27578000 Derived	Source 2019-01-01 – 2019-12-31: 159847000 USD Inspect Revenue Open source 2019-01-01 – 2019-12-31: -4575000 USD Inspect Operating Income Open source 2019-01-01 – 2019-12-31: -466000 USD Inspect Net Income Open source 2019-01-01 – 2019-12-31: 31582000 USD Inspect Operating Cash Flow Open source 2019-01-01 – 2019-12-31: 4004000 USD Inspect Capital Expenditure Open source
2020 2020-01-01 – 2020-12-31	228600000	216835000 Derived	11765000	5782000 Derived	5983000	14342000 Derived	Source 2020-01-01 – 2020-12-31: 228600000 USD Inspect Revenue Open source 2020-01-01 – 2020-12-31: 11765000 USD Inspect Operating Income Open source 2020-01-01 – 2020-12-31: 5983000 USD Inspect Net Income Open source 2020-01-01 – 2020-12-31: 15697000 USD Inspect Operating Cash Flow Open source 2020-01-01 – 2020-12-31: 1355000 USD Inspect Capital Expenditure Open source
2021 2021-01-01 – 2021-12-31	848589000	707708000 Derived	140881000	5438000 Derived	135443000	159926000 Derived	Source 2021-01-01 – 2021-12-31: 848589000 USD Inspect Revenue Open source 2021-01-01 – 2021-12-31: 140881000 USD Inspect Operating Income Open source 2021-01-01 – 2021-12-31: 135443000 USD Inspect Net Income Open source 2021-01-01 – 2021-12-31: 168353000 USD Inspect Operating Cash Flow Open source 2021-01-01 – 2021-12-31: 8427000 USD Inspect Capital Expenditure Open source
2022 2022-01-01 – 2022-12-31	842444000	956307000 Derived	-113863000	-5198000 Derived	-108665000	-666685000 Derived	Source 2022-01-01 – 2022-12-31: 842444000 USD Inspect Revenue Open source 2022-01-01 – 2022-12-31: -113863000 USD Inspect Operating Income Open source 2022-01-01 – 2022-12-31: -108665000 USD Inspect Net Income Open source 2022-01-01 – 2022-12-31: -657860000 USD Inspect Operating Cash Flow Open source 2022-01-01 – 2022-12-31: 8825000 USD Inspect Capital Expenditure Open source
2023 2023-01-01 – 2023-12-31	513562000	770087000 Derived	-256525000	-16393000 Derived	-240132000	-113239000 Derived	Source 2023-01-01 – 2023-12-31: 513562000 USD Inspect Revenue Open source 2023-01-01 – 2023-12-31: -256525000 USD Inspect Operating Income Open source 2023-01-01 – 2023-12-31: -240132000 USD Inspect Net Income Open source 2023-01-01 – 2023-12-31: -111712000 USD Inspect Operating Cash Flow Open source 2023-01-01 – 2023-12-31: 1527000 USD Inspect Capital Expenditure Open source
2024 2024-01-01 – 2024-12-31	636528000	809384000 Derived	-172856000	-44275000 Derived	-128581000	185494000 Derived	Source 2024-01-01 – 2024-12-31: 636528000 USD Inspect Revenue Open source 2024-01-01 – 2024-12-31: -172856000 USD Inspect Operating Income Open source 2024-01-01 – 2024-12-31: -128581000 USD Inspect Net Income Open source 2024-01-01 – 2024-12-31: 186331000 USD Inspect Operating Cash Flow Open source 2024-01-01 – 2024-12-31: 837000 USD Inspect Capital Expenditure Open source
2025 2025-01-01 – 2025-12-31	1043857000	1001226000 Derived	42631000	-10970000 Derived	53601000	-148072000 Derived	Source 2025-01-01 – 2025-12-31: 1043857000 USD Inspect Revenue Open source 2025-01-01 – 2025-12-31: 42631000 USD Inspect Operating Income Open source 2025-01-01 – 2025-12-31: 53601000 USD Inspect Net Income Open source 2025-01-01 – 2025-12-31: -147725000 USD Inspect Operating Cash Flow Open source 2025-01-01 – 2025-12-31: 347000 USD Inspect Capital Expenditure Open source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 1B 2025

Values and sources

Revenue values and source evidence
Period	Series	Value(USD)	Source evidence
20192019-12-31	Revenue	159847000	Revenue: 159847000 Open source
20202020-12-31	Revenue	228600000	Revenue: 228600000 Open source
20212021-12-31	Revenue	848589000	Revenue: 848589000 Open source
20222022-12-31	Revenue	842444000	Revenue: 842444000 Open source
20232023-12-31	Revenue	513562000	Revenue: 513562000 Open source
20242024-12-31	Revenue	636528000	Revenue: 636528000 Open source
20252025-12-31	Revenue	1043857000	Revenue: 1043857000 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

64% 2025

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20192019-12-31	Year over year	No prior comparable period	Revenue: 159847000 Open source
20202020-12-31	Year over year	43%	Revenue: 228600000 Open source Revenue: 159847000 Open source
20212021-12-31	Year over year	271.2%	Revenue: 848589000 Open source Revenue: 228600000 Open source
20222022-12-31	Year over year	-0.7%	Revenue: 842444000 Open source Revenue: 848589000 Open source
20232023-12-31	Year over year	-39%	Revenue: 513562000 Open source Revenue: 842444000 Open source
20242024-12-31	Year over year	23.9%	Revenue: 636528000 Open source Revenue: 513562000 Open source
20252025-12-31	Year over year	64%	Revenue: 1043857000 Open source Revenue: 636528000 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 4.1% 2025

Net margin 5.1% 2025

Free cash flow margin -14.2% 2025

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
20192019-12-31	Operating margin	-2.9%	Operating Income: -4575000 Open source Revenue: 159847000 Open source
20202020-12-31	Operating margin	5.1%	Operating Income: 11765000 Open source Revenue: 228600000 Open source
20212021-12-31	Operating margin	16.6%	Operating Income: 140881000 Open source Revenue: 848589000 Open source
20222022-12-31	Operating margin	-13.5%	Operating Income: -113863000 Open source Revenue: 842444000 Open source
20232023-12-31	Operating margin	-50%	Operating Income: -256525000 Open source Revenue: 513562000 Open source
20242024-12-31	Operating margin	-27.2%	Operating Income: -172856000 Open source Revenue: 636528000 Open source
20252025-12-31	Operating margin	4.1%	Operating Income: 42631000 Open source Revenue: 1043857000 Open source
20192019-12-31	Net margin	-0.3%	Net Income: -466000 Open source Revenue: 159847000 Open source
20202020-12-31	Net margin	2.6%	Net Income: 5983000 Open source Revenue: 228600000 Open source
20212021-12-31	Net margin	16%	Net Income: 135443000 Open source Revenue: 848589000 Open source
20222022-12-31	Net margin	-12.9%	Net Income: -108665000 Open source Revenue: 842444000 Open source
20232023-12-31	Net margin	-46.8%	Net Income: -240132000 Open source Revenue: 513562000 Open source
20242024-12-31	Net margin	-20.2%	Net Income: -128581000 Open source Revenue: 636528000 Open source
20252025-12-31	Net margin	5.1%	Net Income: 53601000 Open source Revenue: 1043857000 Open source
20192019-12-31	Free cash flow margin	17.3%	Revenue: 159847000 Open source Operating Cash Flow: 31582000 Open source Capital Expenditure: 4004000 Open source
20202020-12-31	Free cash flow margin	6.3%	Revenue: 228600000 Open source Operating Cash Flow: 15697000 Open source Capital Expenditure: 1355000 Open source
20212021-12-31	Free cash flow margin	18.8%	Revenue: 848589000 Open source Operating Cash Flow: 168353000 Open source Capital Expenditure: 8427000 Open source
20222022-12-31	Free cash flow margin	-79.1%	Revenue: 842444000 Open source Operating Cash Flow: -657860000 Open source Capital Expenditure: 8825000 Open source
20232023-12-31	Free cash flow margin	-22%	Revenue: 513562000 Open source Operating Cash Flow: -111712000 Open source Capital Expenditure: 1527000 Open source
20242024-12-31	Free cash flow margin	29.1%	Revenue: 636528000 Open source Operating Cash Flow: 186331000 Open source Capital Expenditure: 837000 Open source
20252025-12-31	Free cash flow margin	-14.2%	Revenue: 1043857000 Open source Operating Cash Flow: -147725000 Open source Capital Expenditure: 347000 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

USD -147.7M 2025

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20192019-12-31	Operating cash flow	31582000	Operating Cash Flow: 31582000 Open source
20202020-12-31	Operating cash flow	15697000	Operating Cash Flow: 15697000 Open source
20212021-12-31	Operating cash flow	168353000	Operating Cash Flow: 168353000 Open source
20222022-12-31	Operating cash flow	-657860000	Operating Cash Flow: -657860000 Open source
20232023-12-31	Operating cash flow	-111712000	Operating Cash Flow: -111712000 Open source
20242024-12-31	Operating cash flow	186331000	Operating Cash Flow: 186331000 Open source
20252025-12-31	Operating cash flow	-147725000	Operating Cash Flow: -147725000 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD -148.1M 2025

Values and sources

Free cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20192019-12-31	Free cash flow	27578000	Operating Cash Flow: 31582000 Open source Capital Expenditure: 4004000 Open source
20202020-12-31	Free cash flow	14342000	Operating Cash Flow: 15697000 Open source Capital Expenditure: 1355000 Open source
20212021-12-31	Free cash flow	159926000	Operating Cash Flow: 168353000 Open source Capital Expenditure: 8427000 Open source
20222022-12-31	Free cash flow	-666685000	Operating Cash Flow: -657860000 Open source Capital Expenditure: 8825000 Open source
20232023-12-31	Free cash flow	-113239000	Operating Cash Flow: -111712000 Open source Capital Expenditure: 1527000 Open source
20242024-12-31	Free cash flow	185494000	Operating Cash Flow: 186331000 Open source Capital Expenditure: 837000 Open source
20252025-12-31	Free cash flow	-148072000	Operating Cash Flow: -147725000 Open source Capital Expenditure: 347000 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

73.1% 2025

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
2019-12-31	Liabilities / assets	Not reported	No source recorded
20202020-12-31	Liabilities / assets	37.1%	Total Liabilities: 177003000 Open source Total Assets: 477255000 Open source
20212021-12-31	Liabilities / assets	55.7%	Total Liabilities: 1013377000 Open source Total Assets: 1820455000 Open source
20222022-12-31	Liabilities / assets	65.3%	Total Liabilities: 1263619000 Open source Total Assets: 1936054000 Open source
20232023-12-31	Liabilities / assets	68.5%	Total Liabilities: 1381795000 Open source Total Assets: 2017100000 Open source
20242024-12-31	Liabilities / assets	73.2%	Total Liabilities: 1733740000 Open source Total Assets: 2366958000 Open source
20252025-12-31	Liabilities / assets	73.1%	Total Liabilities: 2175990000 Open source Total Assets: 2974805000 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

Not enough comparable data to show this history.

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
2019-12-31	Current assets / current liabilities	Not reported	No source recorded
2020-12-31	Current assets / current liabilities	Not reported	No source recorded
2021-12-31	Current assets / current liabilities	Not reported	No source recorded
2022-12-31	Current assets / current liabilities	Not reported	No source recorded
2023-12-31	Current assets / current liabilities	Not reported	No source recorded
2024-12-31	Current assets / current liabilities	Not reported	No source recorded
2025-12-31	Current assets / current liabilities	Not reported	No source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2019 2019-01-01 – 2019-12-31	−USD 466,000 Exact value Exact value: -466000 USD 2019-01-01 – 2019-12-31: -466000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Upstart Holdings, Inc. · 2019-12-31 Upstart Holdings, Inc. (edgar:1647639) Net Income: -466000 USD Concept: fundies:NetIncome Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T23:23:14Z Snapshot: ca0e640291d283e31cd085dc5f031d4808aa3fcec275282fa6d28a8b9cdc6dad Dimensions: Consolidated View: https://fundies.io/companies/edgar/1647639/explain?concept=fundies%3ANetIncome&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:NetIncome: -466000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763922000009/upst-20211231.htm#3371950 Filing: 000164763922000009 The citation records this snapshot. The page link may show a newer release later.	USD 31.58 million Exact value Exact value: 31582000 USD 2019-01-01 – 2019-12-31: 31582000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Upstart Holdings, Inc. · 2019-12-31 Upstart Holdings, Inc. (edgar:1647639) Operating Cash Flow: 31582000 USD Concept: fundies:OperatingCashFlow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T23:23:14Z Snapshot: ca0e640291d283e31cd085dc5f031d4808aa3fcec275282fa6d28a8b9cdc6dad Dimensions: Consolidated View: https://fundies.io/companies/edgar/1647639/explain?concept=fundies%3AOperatingCashFlow&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 31582000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763922000009/upst-20211231.htm#1851129 Filing: 000164763922000009 The citation records this snapshot. The page link may show a newer release later.	USD 4 million Exact value Exact value: 4004000 USD 2019-01-01 – 2019-12-31: 4004000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Upstart Holdings, Inc. · 2019-12-31 Upstart Holdings, Inc. (edgar:1647639) Capital Expenditure: 4004000 USD Concept: fundies:CapitalExpenditure Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T23:23:14Z Snapshot: ca0e640291d283e31cd085dc5f031d4808aa3fcec275282fa6d28a8b9cdc6dad Dimensions: Consolidated View: https://fundies.io/companies/edgar/1647639/explain?concept=fundies%3ACapitalExpenditure&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 4004000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763922000009/upst-20211231.htm#1878077 Filing: 000164763922000009 The citation records this snapshot. The page link may show a newer release later.	USD 27.58 million Calculation and evidence 31582000 − 4004000 USD Exact free cash flow: 27578000 USD 2019-01-01 – 2019-12-31: 31582000 USD · Inspect Operating Cash Flow · Source 2019-01-01 – 2019-12-31: 4004000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Upstart Holdings, Inc. · 2019-12-31 Upstart Holdings, Inc. (edgar:1647639) Free cash flow: 27578000 USD Concept: free-cash-flow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T23:23:14Z Snapshot: ca0e640291d283e31cd085dc5f031d4808aa3fcec275282fa6d28a8b9cdc6dad Dimensions: Consolidated View: https://fundies.io/companies/edgar/1647639?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 31582000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763922000009/upst-20211231.htm#1851129 Filing: 000164763922000009 Input fundies:CapitalExpenditure: 4004000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763922000009/upst-20211231.htm#1878077 Filing: 000164763922000009 The citation records this snapshot. The page link may show a newer release later.
2020 2020-01-01 – 2020-12-31	USD 5.98 million Exact value Exact value: 5983000 USD 2020-01-01 – 2020-12-31: 5983000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Upstart Holdings, Inc. · 2020-12-31 Upstart Holdings, Inc. (edgar:1647639) Net Income: 5983000 USD Concept: fundies:NetIncome Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T23:23:14Z Snapshot: ca0e640291d283e31cd085dc5f031d4808aa3fcec275282fa6d28a8b9cdc6dad Dimensions: Consolidated View: https://fundies.io/companies/edgar/1647639/explain?concept=fundies%3ANetIncome&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:NetIncome: 5983000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763923000021/upst-20221231.htm#3338416 Filing: 000164763923000021 The citation records this snapshot. The page link may show a newer release later.	USD 15.7 million Exact value Exact value: 15697000 USD 2020-01-01 – 2020-12-31: 15697000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Upstart Holdings, Inc. · 2020-12-31 Upstart Holdings, Inc. (edgar:1647639) Operating Cash Flow: 15697000 USD Concept: fundies:OperatingCashFlow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T23:23:14Z Snapshot: ca0e640291d283e31cd085dc5f031d4808aa3fcec275282fa6d28a8b9cdc6dad Dimensions: Consolidated View: https://fundies.io/companies/edgar/1647639/explain?concept=fundies%3AOperatingCashFlow&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 15697000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763923000021/upst-20221231.htm#1863675 Filing: 000164763923000021 The citation records this snapshot. The page link may show a newer release later.	USD 1.36 million Exact value Exact value: 1355000 USD 2020-01-01 – 2020-12-31: 1355000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Upstart Holdings, Inc. · 2020-12-31 Upstart Holdings, Inc. (edgar:1647639) Capital Expenditure: 1355000 USD Concept: fundies:CapitalExpenditure Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T23:23:14Z Snapshot: ca0e640291d283e31cd085dc5f031d4808aa3fcec275282fa6d28a8b9cdc6dad Dimensions: Consolidated View: https://fundies.io/companies/edgar/1647639/explain?concept=fundies%3ACapitalExpenditure&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 1355000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763923000021/upst-20221231.htm#1890732 Filing: 000164763923000021 The citation records this snapshot. The page link may show a newer release later.	USD 14.34 million Calculation and evidence 15697000 − 1355000 USD Exact free cash flow: 14342000 USD 2020-01-01 – 2020-12-31: 15697000 USD · Inspect Operating Cash Flow · Source 2020-01-01 – 2020-12-31: 1355000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Upstart Holdings, Inc. · 2020-12-31 Upstart Holdings, Inc. (edgar:1647639) Free cash flow: 14342000 USD Concept: free-cash-flow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T23:23:14Z Snapshot: ca0e640291d283e31cd085dc5f031d4808aa3fcec275282fa6d28a8b9cdc6dad Dimensions: Consolidated View: https://fundies.io/companies/edgar/1647639?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 15697000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763923000021/upst-20221231.htm#1863675 Filing: 000164763923000021 Input fundies:CapitalExpenditure: 1355000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763923000021/upst-20221231.htm#1890732 Filing: 000164763923000021 The citation records this snapshot. The page link may show a newer release later.
2021 2021-01-01 – 2021-12-31	USD 135.44 million Exact value Exact value: 135443000 USD 2021-01-01 – 2021-12-31: 135443000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Upstart Holdings, Inc. · 2021-12-31 Upstart Holdings, Inc. (edgar:1647639) Net Income: 135443000 USD Concept: fundies:NetIncome Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T23:23:14Z Snapshot: ca0e640291d283e31cd085dc5f031d4808aa3fcec275282fa6d28a8b9cdc6dad Dimensions: Consolidated View: https://fundies.io/companies/edgar/1647639/explain?concept=fundies%3ANetIncome&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:NetIncome: 135443000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763924000009/upst-20231231.htm#2922258 Filing: 000164763924000009 The citation records this snapshot. The page link may show a newer release later.	USD 168.35 million Exact value Exact value: 168353000 USD 2021-01-01 – 2021-12-31: 168353000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Upstart Holdings, Inc. · 2021-12-31 Upstart Holdings, Inc. (edgar:1647639) Operating Cash Flow: 168353000 USD Concept: fundies:OperatingCashFlow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T23:23:14Z Snapshot: ca0e640291d283e31cd085dc5f031d4808aa3fcec275282fa6d28a8b9cdc6dad Dimensions: Consolidated View: https://fundies.io/companies/edgar/1647639/explain?concept=fundies%3AOperatingCashFlow&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 168353000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763924000009/upst-20231231.htm#1680728 Filing: 000164763924000009 The citation records this snapshot. The page link may show a newer release later.	USD 8.43 million Exact value Exact value: 8427000 USD 2021-01-01 – 2021-12-31: 8427000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Upstart Holdings, Inc. · 2021-12-31 Upstart Holdings, Inc. (edgar:1647639) Capital Expenditure: 8427000 USD Concept: fundies:CapitalExpenditure Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T23:23:14Z Snapshot: ca0e640291d283e31cd085dc5f031d4808aa3fcec275282fa6d28a8b9cdc6dad Dimensions: Consolidated View: https://fundies.io/companies/edgar/1647639/explain?concept=fundies%3ACapitalExpenditure&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 8427000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763924000009/upst-20231231.htm#1692713 Filing: 000164763924000009 The citation records this snapshot. The page link may show a newer release later.	USD 159.93 million Calculation and evidence 168353000 − 8427000 USD Exact free cash flow: 159926000 USD 2021-01-01 – 2021-12-31: 168353000 USD · Inspect Operating Cash Flow · Source 2021-01-01 – 2021-12-31: 8427000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Upstart Holdings, Inc. · 2021-12-31 Upstart Holdings, Inc. (edgar:1647639) Free cash flow: 159926000 USD Concept: free-cash-flow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T23:23:14Z Snapshot: ca0e640291d283e31cd085dc5f031d4808aa3fcec275282fa6d28a8b9cdc6dad Dimensions: Consolidated View: https://fundies.io/companies/edgar/1647639?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 168353000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763924000009/upst-20231231.htm#1680728 Filing: 000164763924000009 Input fundies:CapitalExpenditure: 8427000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763924000009/upst-20231231.htm#1692713 Filing: 000164763924000009 The citation records this snapshot. The page link may show a newer release later.
2022 2022-01-01 – 2022-12-31	−USD 108.67 million Exact value Exact value: -108665000 USD 2022-01-01 – 2022-12-31: -108665000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Upstart Holdings, Inc. · 2022-12-31 Upstart Holdings, Inc. (edgar:1647639) Net Income: -108665000 USD Concept: fundies:NetIncome Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T23:23:14Z Snapshot: ca0e640291d283e31cd085dc5f031d4808aa3fcec275282fa6d28a8b9cdc6dad Dimensions: Consolidated View: https://fundies.io/companies/edgar/1647639/explain?concept=fundies%3ANetIncome&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:NetIncome: -108665000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763925000018/upst-20241231.htm#3227917 Filing: 000164763925000018 The citation records this snapshot. The page link may show a newer release later.	−USD 657.86 million Exact value Exact value: -657860000 USD 2022-01-01 – 2022-12-31: -657860000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Upstart Holdings, Inc. · 2022-12-31 Upstart Holdings, Inc. (edgar:1647639) Operating Cash Flow: -657860000 USD Concept: fundies:OperatingCashFlow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T23:23:14Z Snapshot: ca0e640291d283e31cd085dc5f031d4808aa3fcec275282fa6d28a8b9cdc6dad Dimensions: Consolidated View: https://fundies.io/companies/edgar/1647639/explain?concept=fundies%3AOperatingCashFlow&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -657860000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763925000018/upst-20241231.htm#1880866 Filing: 000164763925000018 The citation records this snapshot. The page link may show a newer release later.	USD 8.83 million Exact value Exact value: 8825000 USD 2022-01-01 – 2022-12-31: 8825000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Upstart Holdings, Inc. · 2022-12-31 Upstart Holdings, Inc. (edgar:1647639) Capital Expenditure: 8825000 USD Concept: fundies:CapitalExpenditure Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T23:23:14Z Snapshot: ca0e640291d283e31cd085dc5f031d4808aa3fcec275282fa6d28a8b9cdc6dad Dimensions: Consolidated View: https://fundies.io/companies/edgar/1647639/explain?concept=fundies%3ACapitalExpenditure&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 8825000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763925000018/upst-20241231.htm#1764910 Filing: 000164763925000018 The citation records this snapshot. The page link may show a newer release later.	−USD 666.69 million Calculation and evidence -657860000 − 8825000 USD Exact free cash flow: -666685000 USD 2022-01-01 – 2022-12-31: -657860000 USD · Inspect Operating Cash Flow · Source 2022-01-01 – 2022-12-31: 8825000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Upstart Holdings, Inc. · 2022-12-31 Upstart Holdings, Inc. (edgar:1647639) Free cash flow: -666685000 USD Concept: free-cash-flow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T23:23:14Z Snapshot: ca0e640291d283e31cd085dc5f031d4808aa3fcec275282fa6d28a8b9cdc6dad Dimensions: Consolidated View: https://fundies.io/companies/edgar/1647639?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -657860000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763925000018/upst-20241231.htm#1880866 Filing: 000164763925000018 Input fundies:CapitalExpenditure: 8825000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763925000018/upst-20241231.htm#1764910 Filing: 000164763925000018 The citation records this snapshot. The page link may show a newer release later.
2023 2023-01-01 – 2023-12-31	−USD 240.13 million Exact value Exact value: -240132000 USD 2023-01-01 – 2023-12-31: -240132000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Upstart Holdings, Inc. · 2023-12-31 Upstart Holdings, Inc. (edgar:1647639) Net Income: -240132000 USD Concept: fundies:NetIncome Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T23:23:14Z Snapshot: ca0e640291d283e31cd085dc5f031d4808aa3fcec275282fa6d28a8b9cdc6dad Dimensions: Consolidated View: https://fundies.io/companies/edgar/1647639/explain?concept=fundies%3ANetIncome&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:NetIncome: -240132000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763926000027/upst-20251231.htm#1373221 Filing: 000164763926000027 The citation records this snapshot. The page link may show a newer release later.	−USD 111.71 million Exact value Exact value: -111712000 USD 2023-01-01 – 2023-12-31: -111712000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Upstart Holdings, Inc. · 2023-12-31 Upstart Holdings, Inc. (edgar:1647639) Operating Cash Flow: -111712000 USD Concept: fundies:OperatingCashFlow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T23:23:14Z Snapshot: ca0e640291d283e31cd085dc5f031d4808aa3fcec275282fa6d28a8b9cdc6dad Dimensions: Consolidated View: https://fundies.io/companies/edgar/1647639/explain?concept=fundies%3AOperatingCashFlow&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -111712000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763926000027/upst-20251231.htm#1425449 Filing: 000164763926000027 The citation records this snapshot. The page link may show a newer release later.	USD 1.53 million Exact value Exact value: 1527000 USD 2023-01-01 – 2023-12-31: 1527000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Upstart Holdings, Inc. · 2023-12-31 Upstart Holdings, Inc. (edgar:1647639) Capital Expenditure: 1527000 USD Concept: fundies:CapitalExpenditure Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T23:23:14Z Snapshot: ca0e640291d283e31cd085dc5f031d4808aa3fcec275282fa6d28a8b9cdc6dad Dimensions: Consolidated View: https://fundies.io/companies/edgar/1647639/explain?concept=fundies%3ACapitalExpenditure&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 1527000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763926000027/upst-20251231.htm#1449114 Filing: 000164763926000027 The citation records this snapshot. The page link may show a newer release later.	−USD 113.24 million Calculation and evidence -111712000 − 1527000 USD Exact free cash flow: -113239000 USD 2023-01-01 – 2023-12-31: -111712000 USD · Inspect Operating Cash Flow · Source 2023-01-01 – 2023-12-31: 1527000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Upstart Holdings, Inc. · 2023-12-31 Upstart Holdings, Inc. (edgar:1647639) Free cash flow: -113239000 USD Concept: free-cash-flow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T23:23:14Z Snapshot: ca0e640291d283e31cd085dc5f031d4808aa3fcec275282fa6d28a8b9cdc6dad Dimensions: Consolidated View: https://fundies.io/companies/edgar/1647639?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -111712000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763926000027/upst-20251231.htm#1425449 Filing: 000164763926000027 Input fundies:CapitalExpenditure: 1527000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763926000027/upst-20251231.htm#1449114 Filing: 000164763926000027 The citation records this snapshot. The page link may show a newer release later.
2024 2024-01-01 – 2024-12-31	−USD 128.58 million Exact value Exact value: -128581000 USD 2024-01-01 – 2024-12-31: -128581000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Upstart Holdings, Inc. · 2024-12-31 Upstart Holdings, Inc. (edgar:1647639) Net Income: -128581000 USD Concept: fundies:NetIncome Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T23:23:14Z Snapshot: ca0e640291d283e31cd085dc5f031d4808aa3fcec275282fa6d28a8b9cdc6dad Dimensions: Consolidated View: https://fundies.io/companies/edgar/1647639/explain?concept=fundies%3ANetIncome&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:NetIncome: -128581000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763926000027/upst-20251231.htm#1373995 Filing: 000164763926000027 The citation records this snapshot. The page link may show a newer release later.	USD 186.33 million Exact value Exact value: 186331000 USD 2024-01-01 – 2024-12-31: 186331000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Upstart Holdings, Inc. · 2024-12-31 Upstart Holdings, Inc. (edgar:1647639) Operating Cash Flow: 186331000 USD Concept: fundies:OperatingCashFlow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T23:23:14Z Snapshot: ca0e640291d283e31cd085dc5f031d4808aa3fcec275282fa6d28a8b9cdc6dad Dimensions: Consolidated View: https://fundies.io/companies/edgar/1647639/explain?concept=fundies%3AOperatingCashFlow&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 186331000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763926000027/upst-20251231.htm#1426101 Filing: 000164763926000027 The citation records this snapshot. The page link may show a newer release later.	USD 837,000 Exact value Exact value: 837000 USD 2024-01-01 – 2024-12-31: 837000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Upstart Holdings, Inc. · 2024-12-31 Upstart Holdings, Inc. (edgar:1647639) Capital Expenditure: 837000 USD Concept: fundies:CapitalExpenditure Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T23:23:14Z Snapshot: ca0e640291d283e31cd085dc5f031d4808aa3fcec275282fa6d28a8b9cdc6dad Dimensions: Consolidated View: https://fundies.io/companies/edgar/1647639/explain?concept=fundies%3ACapitalExpenditure&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 837000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763926000027/upst-20251231.htm#1449704 Filing: 000164763926000027 The citation records this snapshot. The page link may show a newer release later.	USD 185.49 million Calculation and evidence 186331000 − 837000 USD Exact free cash flow: 185494000 USD 2024-01-01 – 2024-12-31: 186331000 USD · Inspect Operating Cash Flow · Source 2024-01-01 – 2024-12-31: 837000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Upstart Holdings, Inc. · 2024-12-31 Upstart Holdings, Inc. (edgar:1647639) Free cash flow: 185494000 USD Concept: free-cash-flow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T23:23:14Z Snapshot: ca0e640291d283e31cd085dc5f031d4808aa3fcec275282fa6d28a8b9cdc6dad Dimensions: Consolidated View: https://fundies.io/companies/edgar/1647639?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 186331000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763926000027/upst-20251231.htm#1426101 Filing: 000164763926000027 Input fundies:CapitalExpenditure: 837000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763926000027/upst-20251231.htm#1449704 Filing: 000164763926000027 The citation records this snapshot. The page link may show a newer release later.
2025 2025-01-01 – 2025-12-31	USD 53.6 million Exact value Exact value: 53601000 USD 2025-01-01 – 2025-12-31: 53601000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Upstart Holdings, Inc. · 2025-12-31 Upstart Holdings, Inc. (edgar:1647639) Net Income: 53601000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T23:23:14Z Snapshot: ca0e640291d283e31cd085dc5f031d4808aa3fcec275282fa6d28a8b9cdc6dad Dimensions: Consolidated View: https://fundies.io/companies/edgar/1647639/explain?concept=fundies%3ANetIncome&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:NetIncome: 53601000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763926000027/upst-20251231.htm#1374768 Filing: 000164763926000027 The citation records this snapshot. The page link may show a newer release later.	−USD 147.73 million Exact value Exact value: -147725000 USD 2025-01-01 – 2025-12-31: -147725000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Upstart Holdings, Inc. · 2025-12-31 Upstart Holdings, Inc. (edgar:1647639) Operating Cash Flow: -147725000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T23:23:14Z Snapshot: ca0e640291d283e31cd085dc5f031d4808aa3fcec275282fa6d28a8b9cdc6dad Dimensions: Consolidated View: https://fundies.io/companies/edgar/1647639/explain?concept=fundies%3AOperatingCashFlow&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -147725000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763926000027/upst-20251231.htm#1426750 Filing: 000164763926000027 The citation records this snapshot. The page link may show a newer release later.	USD 347,000 Exact value Exact value: 347000 USD 2025-01-01 – 2025-12-31: 347000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Upstart Holdings, Inc. · 2025-12-31 Upstart Holdings, Inc. (edgar:1647639) Capital Expenditure: 347000 USD Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T23:23:14Z Snapshot: ca0e640291d283e31cd085dc5f031d4808aa3fcec275282fa6d28a8b9cdc6dad Dimensions: Consolidated View: https://fundies.io/companies/edgar/1647639/explain?concept=fundies%3ACapitalExpenditure&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 347000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763926000027/upst-20251231.htm#1450263 Filing: 000164763926000027 The citation records this snapshot. The page link may show a newer release later.	−USD 148.07 million Calculation and evidence -147725000 − 347000 USD Exact free cash flow: -148072000 USD 2025-01-01 – 2025-12-31: -147725000 USD · Inspect Operating Cash Flow · Source 2025-01-01 – 2025-12-31: 347000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Upstart Holdings, Inc. · 2025-12-31 Upstart Holdings, Inc. (edgar:1647639) Free cash flow: -148072000 USD Concept: free-cash-flow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T23:23:14Z Snapshot: ca0e640291d283e31cd085dc5f031d4808aa3fcec275282fa6d28a8b9cdc6dad Dimensions: Consolidated View: https://fundies.io/companies/edgar/1647639?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -147725000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763926000027/upst-20251231.htm#1426750 Filing: 000164763926000027 Input fundies:CapitalExpenditure: 347000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1647639/000164763926000027/upst-20251231.htm#1450263 Filing: 000164763926000027 The citation records this snapshot. The page link may show a newer release later.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

42 filings · 1,456 latest values · 1,456 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0001647639, 1647639, UPST, edgar:1647639

Also known as Upstart Holdings, Inc.

Upstart Holdings, Inc.

Latest quarter

Revenue

Operating margin

Operating cash flow

Free cash flow

Reported share-count change

Trailing twelve months

Revenue

Net income

Operating cash flow

Capital expenditure

Free cash flow

Company performance

What changed year over year

Revenue

Net income

Operating cash flow

Capital expenditure

Where revenue goes

2025 2025-01-01 – 2025-12-31

Cash

Share of revenue by period

Growth

Profit and cash

Balance sheet

Cash generation