Upstart Holdings financials
$23.14+0.48%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $348.0M | $277.1M | $202.2M | $277.1M | $240.8M | $185.5M | $217.9M | $162.1M | $130.5M | $138.1M | $152.8M | $146.8M |
| Gross profit | $348.0M | $277.1M | $202.2M | $277.1M | $240.8M | $185.5M | $217.9M | $162.1M | $130.5M | $138.1M | $152.8M | $146.8M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating income | -$2.0M | -$38.7M | -$153.6M | $23.7M | -$12.0M | -$32.4M | -$150.7M | -$45.2M | -$52.6M | -$57.2M | -$35.0M | -$31.6M |
| Net income | $16.5M | -$6.6M | $18.6M | $31.8M | $5.6M | -$2.4M | -$2.8M | -$6.8M | -$54.5M | -$64.6M | -$42.4M | -$40.3M |
| Net margin | 4.8% | −2.4% | 9.2% | 11.5% | 2.3% | −1.3% | −1.3% | −4.2% | −41.7% | −46.8% | −27.7% | −27.5% |
| Diluted EPS | $0.16 | $-0.07 | $0.15 | $0.23 | $0.05 | $-0.03 | $-0.03 | $-0.07 | $-0.62 | $-0.74 | $-0.50 | $-0.48 |
| EBITDA | $5.1M | -$32.8M | -$147.2M | $29.8M | -$6.1M | -$26.0M | -$146.0M | -$39.8M | -$47.8M | -$51.6M | -$35.0M | -$26.7M |
| Operating cash flow | -$136.6M | -$133.3M | $108.6M | -$122.6M | -$120.2M | -$13.5M | -$110.9M | $179.3M | $73.6M | $44.3M | -$145.6M | -$1.26B |
| Free cash flow | -$138.7M | -$136.0M | $104.6M | -$126.6M | -$120.3M | -$13.5M | -$114.3M | $176.8M | $71.3M | $42.6M | -$147.3M | -$1.26B |
| Diluted shares | 109.7M | 96.9M | 123.1M | 109.7M | 102.9M | 94.3M | 92.2M | 90.1M | 88.4M | 87.0M | 85.6M | 84.4M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $456.0M | $472.9M | $652.4M | $489.8M | $395.9M | $599.8M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $2.04B | $1.96B | $1.88B | $1.91B | $1.49B | $1.41B |
| Total assets | $3.17B | $2.96B | $2.97B | $2.90B | $2.48B | $2.30B |
| Total liabilities | $2.37B | $2.23B | $2.18B | $2.16B | $1.76B | $1.62B |
| Shareholders' equity | $797.5M | $733.2M | $798.8M | $743.7M | $722.0M | $676.6M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology