Upstart Holdings, Inc. (UPST)

Upstart Holdings Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	635.47	560.43	907.27	801.28	228.6
Other Revenue	41.5	-11.98	-53.99	50.59	12.84
Revenue	676.96	548.46	853.29	851.86	241.44
Revenue Growth (YoY)	23.43%	-35.72%	0.17%	252.82%	26.63%
Cost of Revenue	158	150.42	187.99	117.58	37.58
Gross Profit	518.97	398.04	665.29	734.28	203.86
Selling, General & Admin	397.74	339.53	531.07	454.89	145.27
Research & Development	253.65	280.14	237.25	134	38.8
Operating Expenses	651.39	619.67	768.31	588.89	184.07
Operating Income	-132.42	-221.63	-103.02	145.39	19.79
Interest Expense	-43.63	-37.99	-13.84	-4.67	-8.03
Interest & Investment Income	18.79	21.21	9.47	-	0.25
Other Non Operating Income (Expenses)	-4.49	-1.61	-1.68	-5.75	-11.36
EBT Excluding Unusual Items	-161.76	-240.03	-109.07	134.97	0.65
Merger & Restructuring Charges	-	-	-	-1.24	-
Other Unusual Items	33.36	-	-	-	5.3
Pretax Income	-128.4	-240.03	-109.07	133.73	5.95
Income Tax Expense	0.19	0.11	-0.41	-1.71	0.37
Earnings From Continuing Operations	-128.58	-240.13	-108.67	135.44	5.58
Minority Interest in Earnings	-	-	-	-	0.4
Net Income	-128.58	-240.13	-108.67	135.44	5.98
Preferred Dividends & Other Adjustments	-	-	-	-	5.98
Net Income to Common	-128.58	-240.13	-108.67	135.44	-
Net Income Growth	-	-	-	2163.80%	-
Shares Outstanding (Basic)	89	84	83	78	18
Shares Outstanding (Diluted)	89	84	83	95	18
Shares Change (YoY)	6.79%	1.20%	-12.66%	441.13%	22.17%
EPS (Basic)	-1.44	-2.87	-1.31	1.73	-
EPS (Diluted)	-1.44	-2.87	-1.31	1.43	-
Free Cash Flow	185.49	-113.24	-666.69	159.93	14.34
Free Cash Flow Per Share	2.07	-1.35	-8.05	1.69	0.82
Gross Margin	76.66%	72.57%	77.97%	86.20%	84.44%
Operating Margin	-19.56%	-40.41%	-12.07%	17.07%	8.20%
Profit Margin	-18.99%	-43.78%	-12.73%	15.90%	-
Free Cash Flow Margin	27.40%	-20.65%	-78.13%	18.77%	5.94%
EBITDA	-111.87	-196.73	-89.51	152.93	22.07
EBITDA Margin	-16.53%	-35.87%	-10.49%	17.95%	9.14%
D&A For EBITDA	20.55	24.9	13.51	7.54	2.28
EBIT	-132.42	-221.63	-103.02	145.39	19.79
EBIT Margin	-19.56%	-40.41%	-12.07%	17.07%	8.20%
Effective Tax Rate	-	-	-	-	6.24%
Revenue as Reported	636.53	513.56	842.44	848.59	233.42

Updated Feb 14, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q