Upstart Holdings Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Quarter	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020
Period Ending	Sep '25 Sep 30, 2025	Jun '25 Jun 30, 2025	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Sep '24 Sep 30, 2024	Jun '24 Jun 30, 2024	Mar '24 Mar 31, 2024	Dec '23 Dec 31, 2023	Sep '23 Sep 30, 2023	Jun '23 Jun 30, 2023	Mar '23 Mar 31, 2023	Dec '22 Dec 31, 2022	Sep '22 Sep 30, 2022	Jun '22 Jun 30, 2022	Mar '22 Mar 31, 2022	Dec '21 Dec 31, 2021	Sep '21 Sep 30, 2021	Jun '21 Jun 30, 2021	Mar '21 Mar 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	489.78	395.94	599.78	788.42	445.27	374.79	300.53	368.41	516.58	443.67	386.94	422.41	683.97	790.43	757.83	986.61	1,041	506.29	257.02	250.82
Short-Term Investments	5.1	4.62	5.59	5.19	4.95	4.87	-	8.92	-	-	-	-	-	-	-	-	-	-	-	-
Trading Asset Securities	0.82	-	1.13	1.86	2.14	5.12	-	5.96	-	-	-	-	-	-	-	-	-	-	-	-
Cash & Short-Term Investments	495.71	400.56	606.49	795.47	452.36	384.79	300.53	383.28	516.58	443.67	386.94	422.41	683.97	790.43	757.83	986.61	1,041	506.29	257.02	250.82
Cash Growth	9.58%	4.10%	101.81%	107.54%	-12.43%	-13.27%	-22.33%	-9.26%	-24.47%	-43.87%	-48.94%	-57.19%	-34.33%	56.12%	194.85%	293.35%	1856.38%	-	479.01%	465.05%
Accounts Receivable	43.52	44.68	43.01	48.23	46.08	40.02	-	40.49	-	-	-	46.65	-	-	-	-	-	-	-	-
Receivables	1,350	1,119	877.16	876.59	712.51	872.29	1,094	1,212	975.12	841.47	987.24	1,063	703.91	628.46	604.37	260.77	140.11	95.31	73.22	97.53
Prepaid Expenses	30.56	26.95	28.13	28.83	19.55	18.15	-	17.98	-	-	-	-	-	-	-	-	-	-	-	-
Restricted Cash	347.12	305.52	239.75	187.84	210.49	185.83	138.62	99.38	98.45	66.22	64.92	110.06	145.96	123.99	254.87	204.63	130.3	111.25	79.05	60.51
Total Current Assets	2,224	1,852	1,752	1,889	1,395	1,461	1,533	1,712	1,590	1,351	1,439	1,596	1,534	1,543	1,617	1,452	1,312	712.84	409.29	408.87
Property, Plant & Equipment	40.51	44.16	47.76	51.47	55.25	59.07	62.79	66.05	92.95	96.66	100.46	103.1	103.87	105.51	105.24	106.88	77.92	21.56	21.36	22.34
Long-Term Investments	156.1	148.71	123.03	97.52	72.76	49.56	47.2	41.25	51.05	41.25	41.25	41.25	41	41	41	40	40	-	-	-
Goodwill	67.06	67.06	67.06	67.06	67.06	67.06	67.06	67.06	67.06	67.06	67.06	67.06	67.06	67.06	67.06	67.06	66.87	66.87	-	-
Other Intangible Assets	46.98	46.26	44.35	40.43	39.12	39.8	39.99	42.66	44.83	30.7	44.46	43.03	41.3	38.67	36.64	33.41	31.98	30.33	6	6
Long-Term Accounts Receivable	-	-	-	-	-	-	40.62	-	41.19	46.05	42.94	-	49.88	46.12	48.62	55.52	29.99	31.74	18.13	11.66
Other Long-Term Assets	370.57	319.76	262.55	221.74	179.87	143.68	136.61	87.69	114.56	130.63	86.45	85.89	78.37	75.78	71.98	65.59	47.51	41.25	33.8	28.39
Total Assets	2,905	2,478	2,296	2,367	1,809	1,820	1,928	2,017	2,002	1,764	1,822	1,936	1,915	1,917	1,988	1,820	1,606	904.58	488.59	477.26
Accounts Payable	11.78	28.77	13.34	12.38	22.62	13.88	10.02	12.61	7.03	6.94	6.55	18.72	10.92	22.03	10.29	6.56	9.38	17.33	8.13	13.78
Accrued Expenses	84.19	81.18	57.23	108.09	72.21	49.13	41.23	64.55	47.56	44.18	40.02	54.15	59.78	66.64	83.33	98.6	67.05	63.65	38.7	34.34
Current Portion of Leases	3.86	7.71	11.56	15.4	3.75	7.49	11.23	-	3.83	17.05	11.43	-	1.07	6.43	9.14	-	1.27	2.41	3.48	-
Total Current Liabilities	99.83	117.66	82.13	135.87	98.58	70.5	62.48	77.16	58.41	68.17	57.99	72.87	71.76	95.1	102.75	105.16	77.7	83.38	50.31	48.11
Long-Term Debt	1,911	1,494	1,411	1,489	987.7	1,026	1,134	1,182	1,157	930.65	1,001	986.39	918.92	856.56	769.22	695.43	649.22	6.06	41.89	62.63
Long-Term Leases	36.69	36.13	35.52	34.88	49.6	48.88	48.13	62.32	89.53	79.19	87.62	100.79	98.35	93.43	90.91	100.37	70.9	15.37	15.14	19.43
Other Long-Term Liabilities	113.68	108.45	91.22	73.5	77.57	79.75	69.89	60.47	55.9	47.56	48.02	103.57	107.71	114.86	148.2	112.42	89.22	83.68	60.66	46.83
Total Liabilities	2,161	1,756	1,620	1,734	1,213	1,226	1,315	1,382	1,361	1,126	1,195	1,264	1,197	1,160	1,111	1,013	887.04	188.49	168	177
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	1,120	1,130	1,090	1,044	1,004	996.35	959.96	917.87	880.93	838	798.9	714.87	705.74	688.02	777.58	740.85	711.8	737.92	379.7	369.47
Retained Earnings	-376.19	-408	-413.6	-411.16	-408.4	-401.64	-347.17	-282.58	-240.18	-199.86	-171.7	-42.44	12.82	69.04	98.91	66.22	7.28	-21.84	-59.12	-69.22
Total Common Equity	743.72	722.01	676.64	633.22	595.54	594.71	612.8	635.31	640.76	638.15	627.21	672.44	718.57	757.07	876.5	807.08	719.09	716.1	320.59	300.25
Shareholders' Equity	743.72	722.01	676.64	633.22	595.54	594.71	612.8	635.31	640.76	638.15	627.21	672.44	718.57	757.07	876.5	807.08	719.09	716.1	320.59	300.25
Total Liabilities & Equity	2,905	2,478	2,296	2,367	1,809	1,820	1,928	2,017	2,002	1,764	1,822	1,936	1,915	1,917	1,988	1,820	1,606	904.58	488.59	477.26
Total Debt	1,951	1,537	1,458	1,540	1,041	1,083	1,194	1,244	1,251	1,027	1,100	1,087	1,018	956.42	869.27	795.8	721.4	23.84	60.51	82.06
Net Cash (Debt)	-1,456	-1,137	-851.35	-744.3	-588.69	-697.97	-893.2	-860.88	-733.95	-583.22	-712.98	-664.77	-334.37	-165.99	-111.45	190.81	320.06	482.45	196.51	168.76
Net Cash Growth	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13.06%	-	-	-	-
Net Cash Per Share	-13.27	-11.05	-9.03	-8.07	-6.53	-7.89	-10.26	-10.06	-8.70	-7.02	-8.70	-8.08	-4.09	-1.98	-1.17	1.93	3.33	5.09	2.15	6.49
Filing Date Shares Outstanding	97.29	96.22	95.14	93.71	91.23	89.51	87.88	86.43	85.06	83.89	82.67	81.39	81.88	81.35	84.77	84.06	81.96	77.77	76.9	73.62
Total Common Shares Outstanding	97.28	96.09	95.07	93.47	91	89.08	87.81	86.33	85.02	83.81	82.6	81.26	81.83	82.19	84.68	83.66	81.54	77.63	73.91	73.31
Working Capital	2,124	1,734	1,669	1,753	1,296	1,391	1,471	1,635	1,532	1,283	1,381	1,523	1,462	1,448	1,514	1,347	1,234	629.46	358.98	360.75
Book Value Per Share	7.65	7.51	7.12	6.77	6.54	6.68	6.98	7.36	7.54	7.61	7.59	8.28	8.78	9.21	10.35	9.65	8.82	9.22	4.34	4.10
Tangible Book Value	629.68	608.69	565.24	525.73	489.36	487.85	505.75	525.59	528.88	540.38	515.68	562.34	610.21	651.34	772.81	706.61	620.25	618.9	314.59	294.25
Tangible Book Value Per Share	6.47	6.33	5.95	5.62	5.38	5.48	5.76	6.09	6.22	6.45	6.24	6.92	7.46	7.92	9.13	8.45	7.61	7.97	4.26	4.01
Machinery	10.91	10.91	10.86	10.86	10.86	10.85	10.85	10.82	10.79	10.77	10.74	10.47	10.3	10.08	7.74	7	5.03	4.47	3.48	3.06
Leasehold Improvements	15.24	15.14	15.11	15.07	15.07	15.03	14.93	14.28	14.05	13.94	13.92	13.07	12.15	10.34	8.69	7.45	5.8	3.41	2.76	2.76

Updated Nov 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q