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Upstart Holdings, Inc. (UPST)
NASDAQ: UPST · Real-Time Price · USD
21.89
-0.25 (-1.13%)
At close: Nov 6, 2026, 4:00 PM EST
21.80
-0.09 (-0.41%)
After-hours: Nov 6, 2026, 7:59 PM EST

Upstart Holdings Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
1,3831,076676.96548.46853.29851.86
Revenue Growth
38.65%58.88%23.43%-35.72%0.17%252.82%
Gross Profit
1,152887.14518.97398.04665.29734.28
Operating Income
105.974.3-132.42-221.63-103.02145.39
Net Income
65.1153.6-128.58-240.13-108.67135.44
Earnings Per Share
0.610.45-1.44-2.87-1.311.43
EPS Growth
138.00%-----

Revenue by Segment
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Platform and Referral Fees Net
1,014792.98502.41414.12732.24726.16
Servicing and Other Fees Net
216.67157.03133.06146.31175.0475.11
Other
108.7793.851.06--47.31
Revenue (Total)
1,3401,044636.53513.56842.44848.59

Cash & Debt
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
463.19657.67795.47383.28422.41986.61
Total Debt
2,1141,8971,5401,2441,087795.8
Net Cash (Debt)
-1,651-1,239-744.3-860.88-664.77190.81
Net Cash Growth
-----13.06%
Net Cash Per Share
-14.95-11.53-8.32-10.28-8.032.01

Cash Flow & CapEx
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-181.13-147.73186.33-111.71-657.86168.35
Capital Expenditures
-5.83-0.35-0.84-1.53-8.83-8.43
Free Cash Flow
-186.96-148.07185.49-113.24-666.69159.93
Free Cash Flow Growth
-----1015.09%

Margins
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
83.26%82.48%76.66%72.57%77.97%86.20%
Operating Margin
7.66%6.91%-19.56%-40.41%-12.07%17.07%
Pretax Margin
4.84%5.05%-18.97%-43.76%-12.78%15.70%
Profit Margin
4.71%4.98%-18.99%-43.78%-12.73%15.90%
FCF Margin
-13.51%-13.77%27.40%-20.65%-78.13%18.77%

Valuation
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
35.8579.37---91.55
Forward PE
7.7719.68292.91267.9218.3872.48
P/FCF Ratio
--30.28--77.54
PS Ratio
1.573.968.306.341.2714.56