Upstart Holdings, Inc. (UPST)
NASDAQ: UPST · Real-Time Price · USD
26.77
-0.27 (-1.00%)
Jul 31, 2026, 10:06 AM EDT - Market open

Upstart Holdings Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
1,1391,044636.53513.56842.44848.59
Revenue Growth
57.69%63.99%23.94%-39.04%-0.72%263.55%
Gross Profit
935.73855.48478.53363.14654.45731.01
Operating Income
39.6142.63-172.86-256.53-113.86140.88
Net Income
49.453.6-128.58-240.13-108.67135.44
Earnings Per Share
0.380.45-1.44-2.87-1.311.43
EPS Growth
------

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Platform and Referral Fees Net
866.62792.98502.41414.12732.24726.16
Servicing and Other Fees Net
174.98157.03133.06146.31175.0475.11
Revenue (Total)
1,1391,044636.53513.56842.44848.59

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
472.93652.39788.42368.41422.41986.61
Total Debt
1,9391,8501,4521,1031,087795.8
Net Cash (Debt)
-1,466-1,198-664.02-734.34-664.77190.81
Net Cash Growth
-----13.06%
Net Cash Per Share
-13.91-11.14-7.42-8.77-8.032.01

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-267.54-147.73186.33-111.71-657.86168.35
Capital Expenditures
-3.1-0.35-0.84-1.53-8.83-8.43
Free Cash Flow
-270.63-148.07185.49-113.24-666.69159.93
Free Cash Flow Growth
-----1297.10%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
82.18%81.95%75.18%70.71%77.68%86.14%
Operating Margin
3.48%4.08%-27.16%-49.95%-13.52%16.60%
Pretax Margin
4.41%5.20%-20.17%-46.74%-12.95%15.76%
Profit Margin
4.34%5.13%-20.20%-46.76%-12.90%15.96%
FCF Margin
-23.77%-14.19%29.14%-22.05%-79.14%18.85%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
65.3397.18---105.80
Forward PE
10.4319.68292.91267.9218.3872.48
P/FCF Ratio
--31.02--79.15
PS Ratio
2.214.119.046.871.2814.92