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Upstart Holdings, Inc. (UPST)
NASDAQ: UPST · Real-Time Price · USD
23.56
-1.19 (-4.81%)
At close: Oct 16, 2026, 4:00 PM EDT
23.48
-0.08 (-0.34%)
After-hours: Oct 16, 2026, 7:56 PM EDT

Upstart Holdings Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
1,2861,076676.96548.46853.29851.86
Revenue Growth
45.33%58.88%23.43%-35.72%0.17%252.82%
Gross Profit
1,068887.14518.97398.04665.29734.28
Operating Income
89.4874.3-132.42-221.63-103.02145.39
Net Income
60.3353.6-128.58-240.13-108.67135.44
Earnings Per Share
0.520.45-1.44-2.87-1.311.43
EPS Growth
------

Revenue by Segment
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Platform and Referral Fees Net
947.84792.98502.41414.12732.24726.16
Servicing and Other Fees Net
201157.03133.06146.31175.0475.11
Other
97.2893.851.06--47.31
Revenue (Total)
1,2461,044636.53513.56842.44848.59

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
457.84657.67795.47383.28422.41986.61
Total Debt
2,0581,8971,5401,2441,087795.8
Net Cash (Debt)
-1,600-1,239-744.3-860.88-664.77190.81
Net Cash Growth
-----13.06%
Net Cash Per Share
-15.01-11.53-8.32-10.28-8.032.01

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-284.01-147.73186.33-111.71-657.86168.35
Capital Expenditures
-5.04-0.35-0.84-1.53-8.83-8.43
Free Cash Flow
-289.05-148.07185.49-113.24-666.69159.93
Free Cash Flow Growth
-----1015.09%

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
83.04%82.48%76.66%72.57%77.97%86.20%
Operating Margin
6.96%6.91%-19.56%-40.41%-12.07%17.07%
Pretax Margin
4.80%5.05%-18.97%-43.76%-12.78%15.70%
Profit Margin
4.69%4.98%-18.99%-43.78%-12.73%15.90%
FCF Margin
-22.48%-13.77%27.40%-20.65%-78.13%18.77%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
45.0479.37---91.55
Forward PE
7.7419.68292.91267.9218.3872.48
P/FCF Ratio
--30.28--77.54
PS Ratio
1.783.968.306.341.2714.56