Upstart Holdings Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	489.78	788.42	368.41	422.41	986.61	250.82
Short-Term Investments	5.1	5.19	8.92	-	-	-
Trading Asset Securities	0.82	1.86	5.96	-	-	-
Cash & Short-Term Investments	495.71	795.47	383.28	422.41	986.61	250.82
Cash Growth	9.58%	107.54%	-9.26%	-57.19%	293.35%	465.05%
Accounts Receivable	43.52	48.23	40.49	46.65	-	-
Receivables	1,350	876.59	1,212	1,063	260.77	97.53
Prepaid Expenses	30.56	28.83	17.98	-	-	-
Restricted Cash	347.12	187.84	99.38	110.06	204.63	60.51
Total Current Assets	2,224	1,889	1,712	1,596	1,452	408.87
Property, Plant & Equipment	40.51	51.47	66.05	103.1	106.88	22.34
Long-Term Investments	156.1	97.52	41.25	41.25	40	-
Goodwill	67.06	67.06	67.06	67.06	67.06	-
Other Intangible Assets	46.98	40.43	42.66	43.03	33.41	6
Long-Term Accounts Receivable	-	-	-	-	55.52	11.66
Other Long-Term Assets	370.57	221.74	87.69	85.89	65.59	28.39
Total Assets	2,905	2,367	2,017	1,936	1,820	477.26
Accounts Payable	11.78	12.38	12.61	18.72	6.56	13.78
Accrued Expenses	84.19	108.09	64.55	54.15	98.6	34.34
Current Portion of Leases	3.86	15.4	-	-	-	-
Total Current Liabilities	99.83	135.87	77.16	72.87	105.16	48.11
Long-Term Debt	1,911	1,489	1,182	986.39	695.43	62.63
Long-Term Leases	36.69	34.88	62.32	100.79	100.37	19.43
Other Long-Term Liabilities	113.68	73.5	60.47	103.57	112.42	46.83
Total Liabilities	2,161	1,734	1,382	1,264	1,013	177
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	1,120	1,044	917.87	714.87	740.85	369.47
Retained Earnings	-376.19	-411.16	-282.58	-42.44	66.22	-69.22
Total Common Equity	743.72	633.22	635.31	672.44	807.08	300.25
Shareholders' Equity	743.72	633.22	635.31	672.44	807.08	300.25
Total Liabilities & Equity	2,905	2,367	2,017	1,936	1,820	477.26
Total Debt	1,951	1,540	1,244	1,087	795.8	82.06
Net Cash (Debt)	-1,456	-744.3	-860.88	-664.77	190.81	168.76
Net Cash Growth	-	-	-	-	13.06%	-
Net Cash Per Share	-14.20	-8.32	-10.28	-8.03	2.01	9.64
Filing Date Shares Outstanding	97.29	93.71	86.43	81.39	84.06	73.62
Total Common Shares Outstanding	97.28	93.47	86.33	81.26	83.66	73.31
Working Capital	2,124	1,753	1,635	1,523	1,347	360.75
Book Value Per Share	7.65	6.77	7.36	8.28	9.65	4.10
Tangible Book Value	629.68	525.73	525.59	562.34	706.61	294.25
Tangible Book Value Per Share	6.47	5.62	6.09	6.92	8.45	4.01
Machinery	10.91	10.86	10.82	10.47	7	3.06
Leasehold Improvements	15.24	15.07	14.28	13.07	7.45	2.76

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