Upstart Holdings Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	652.39	788.42	368.41	422.41	986.61
Short-Term Investments	5.06	5.19	8.92	-	-
Trading Asset Securities	0.23	1.86	5.96	-	-
Cash & Short-Term Investments	657.67	795.47	383.28	422.41	986.61
Cash Growth	-17.32%	107.54%	-9.26%	-57.19%	293.35%
Accounts Receivable	46.65	48.23	40.49	46.65	-
Receivables	1,129	876.59	1,212	1,063	260.77
Prepaid Expenses	39.66	28.83	17.98	-	-
Restricted Cash	404.62	187.84	99.38	110.06	204.63
Total Current Assets	2,231	1,889	1,712	1,596	1,452
Property, Plant & Equipment	22.08	51.47	66.05	103.1	106.88
Long-Term Investments	153.99	97.52	41.25	41.25	40
Goodwill	67.06	67.06	67.06	67.06	67.06
Other Intangible Assets	46.79	40.43	42.66	43.03	33.41
Long-Term Accounts Receivable	-	-	-	-	55.52
Other Long-Term Assets	454.31	221.74	87.69	85.89	65.59
Total Assets	2,975	2,367	2,017	1,936	1,820
Accounts Payable	31.98	12.38	12.61	18.72	6.56
Accrued Expenses	127.65	108.09	64.55	54.15	98.6
Current Portion of Leases	10.61	-	-	-	-
Total Current Liabilities	170.24	120.47	77.16	72.87	105.16
Long-Term Debt	1,876	1,489	1,182	986.39	695.43
Long-Term Leases	10.54	50.28	62.32	100.79	100.37
Other Long-Term Liabilities	119.52	73.5	60.47	103.57	112.42
Total Liabilities	2,176	1,734	1,382	1,264	1,013
Common Stock	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	1,156	1,044	917.87	714.87	740.85
Retained Earnings	-357.56	-411.16	-282.58	-42.44	66.22
Total Common Equity	798.82	633.22	635.31	672.44	807.08
Shareholders' Equity	798.82	633.22	635.31	672.44	807.08
Total Liabilities & Equity	2,975	2,367	2,017	1,936	1,820
Total Debt	1,897	1,540	1,244	1,087	795.8
Net Cash (Debt)	-1,239	-744.3	-860.88	-664.77	190.81
Net Cash Growth	-	-	-	-	13.06%
Net Cash Per Share	-11.53	-8.32	-10.28	-8.03	2.01
Filing Date Shares Outstanding	98.06	93.71	86.43	81.39	84.06
Total Common Shares Outstanding	98.03	93.47	86.33	81.26	83.66
Working Capital	2,060	1,768	1,635	1,523	1,347
Book Value Per Share	8.15	6.77	7.36	8.28	9.65
Tangible Book Value	684.96	525.73	525.59	562.34	706.61
Tangible Book Value Per Share	6.99	5.62	6.09	6.92	8.45
Machinery	11.15	10.86	10.82	10.47	7
Leasehold Improvements	15.52	15.07	14.28	13.07	7.45

Source: S&P Global Market Intelligence. Standard template. Financial Sources.