Upstart Holdings financials
$23.14+0.48%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 |
|---|---|---|---|---|---|---|
| Revenue | $950.0M | $635.5M | $560.4M | $907.3M | $801.3M | $228.6M |
| Gross profit | $950.0M | $635.5M | $560.4M | $907.3M | $801.3M | $228.6M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating income | -$129.9M | -$318.8M | -$390.6M | -$49.0M | $93.6M | $6.9M |
| Net income | $53.6M | -$128.6M | -$240.1M | -$108.7M | $135.4M | $0.00 |
| Net margin | 5.6% | −20.2% | −42.8% | −12.0% | 16.9% | 0.0% |
| Diluted EPS | $0.45 | $-1.44 | $-2.87 | $-1.31 | $1.43 | $0.00 |
| EBITDA | -$105.1M | -$298.2M | -$365.7M | -$35.5M | $101.1M | $9.2M |
| Operating cash flow | -$147.7M | $186.3M | -$111.7M | -$657.9M | $168.4M | $15.7M |
| Free cash flow | -$166.1M | $176.3M | -$123.8M | -$680.8M | $153.2M | $10.1M |
| Diluted shares | 107.5M | 89.5M | 83.8M | 82.8M | 94.8M | 17.5M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $652.4M | $788.4M | $368.4M | $422.4M | $986.6M | $250.8M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $1.88B | $1.49B | $1.18B | $986.4M | $695.4M | $62.6M |
| Total assets | $2.97B | $2.37B | $2.02B | $1.94B | $1.82B | $477.3M |
| Total liabilities | $2.18B | $1.73B | $1.38B | $1.26B | $1.01B | $177.0M |
| Shareholders' equity | $798.8M | $633.2M | $635.3M | $672.4M | $807.1M | $300.3M |
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