Upstart Holdings, Inc. (UPST)

Upstart Holdings Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	461.48	652.39	788.42	368.41	422.41	986.61
Short-Term Investments	1.63	5.06	5.19	8.92	-	-
Trading Asset Securities	0.08	0.23	1.86	5.96	-	-
Cash & Short-Term Investments	463.19	657.67	795.47	383.28	422.41	986.61
Cash Growth	-6.56%	-17.32%	107.54%	-9.26%	-57.19%	293.35%
Accounts Receivable	53.38	46.65	48.23	40.49	46.65	-
Receivables	1,139	1,129	876.59	1,212	1,063	260.77
Prepaid Expenses	41.04	39.66	28.83	17.98	-	-
Restricted Cash	666.98	404.62	187.84	99.38	110.06	204.63
Total Current Assets	2,310	2,231	1,889	1,712	1,596	1,452
Property, Plant & Equipment	64.95	22.08	51.47	66.05	103.1	106.88
Long-Term Investments	151.11	153.99	97.52	41.25	41.25	40
Goodwill	67.06	67.06	67.06	67.06	67.06	67.06
Other Intangible Assets	50.53	46.79	40.43	42.66	43.03	33.41
Long-Term Accounts Receivable	-	-	-	-	-	55.52
Other Long-Term Assets	695.44	454.31	221.74	87.69	85.89	65.59
Total Assets	3,339	2,975	2,367	2,017	1,936	1,820

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	22.72	31.98	12.38	12.61	18.72	6.56
Accrued Expenses	113.93	127.65	108.09	64.55	54.15	98.6
Current Portion of Leases	1.56	10.61	-	-	-	-
Total Current Liabilities	138.21	170.24	120.47	77.16	72.87	105.16
Long-Term Debt	2,053	1,876	1,489	1,182	986.39	695.43
Long-Term Leases	59.43	10.54	50.28	62.32	100.79	100.37
Other Long-Term Liabilities	201.15	119.52	73.5	60.47	103.57	112.42
Total Liabilities	2,452	2,176	1,734	1,382	1,264	1,013

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	1,198	1,156	1,044	917.87	714.87	740.85
Retained Earnings	-311.09	-357.56	-411.16	-282.58	-42.44	66.22
Total Common Equity	887.42	798.82	633.22	635.31	672.44	807.08
Shareholders' Equity	887.42	798.82	633.22	635.31	672.44	807.08
Total Liabilities & Equity	3,339	2,975	2,367	2,017	1,936	1,820

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	2,114	1,897	1,540	1,244	1,087	795.8
Net Cash (Debt)	-1,651	-1,239	-744.3	-860.88	-664.77	190.81
Net Cash Growth	-	-	-	-	-	13.06%
Net Cash Per Share	-14.95	-11.53	-8.32	-10.28	-8.03	2.01
Filing Date Shares Outstanding	98.91	98.06	93.71	86.43	81.39	84.06
Total Common Shares Outstanding	98.91	98.03	93.47	86.33	81.26	83.66
Working Capital	2,172	2,060	1,768	1,635	1,523	1,347
Book Value Per Share	8.97	8.15	6.77	7.36	8.28	9.65
Tangible Book Value	769.83	684.96	525.73	525.59	562.34	706.61
Tangible Book Value Per Share	7.78	6.99	5.62	6.09	6.92	8.45
Machinery	13.29	11.15	10.86	10.82	10.47	7
Leasehold Improvements	19.59	15.52	15.07	14.28	13.07	7.45

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Nov 3, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 9, 2026

Data Sources Report a data error