Upstart Holdings, Inc. (UPST)
NASDAQ: UPST · Real-Time Price · USD
28.57
-2.03 (-6.63%)
Aug 20, 2026, 1:45 PM EDT - Market open

Upstart Holdings Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

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

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
Revenue (Total)
1,2461,044636.53513.56842.44848.59

Cash & Debt

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

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

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

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
58.5079.37---91.55
Forward PE
10.4919.68292.91267.9218.3872.48
P/FCF Ratio
--30.28--77.54
PS Ratio
2.163.968.306.341.2714.56