Upstart Holdings, Inc. (UPST)
NASDAQ: UPST · Real-Time Price · USD
26.92
-1.24 (-4.40%)
Mar 11, 2026, 2:40 PM EDT - Market open

Upstart Holdings Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
53.6-128.58-240.13-108.67135.44
Depreciation & Amortization
24.8420.5524.913.517.54
Stock-Based Compensation
131.95133.4175.04125.9573.19
Other Adjustments
-195.2999.48220.3143.19-5.16
Changes in Accounts Payable
-----7.51
Changes in Accrued Expenses
39.5644.12-3.96-19.4259.58
Changes in Other Operating Activities
-202.3817.36-287.86-812.42-94.72
Operating Cash Flow
-147.73186.33-111.71-657.86168.35
Operating Cash Flow Growth
----972.52%
Capital Expenditures
-0.35-0.84-1.53-8.83-8.43
Purchases of Intangible Assets
-18.06-9.15-10.56-14.09-6.69
Purchases of Investments
----6.25-40
Proceeds from Sale of Investments
23.055.924.336.7411.46
Payments for Business Acquisitions
-----16.76
Other Investing Activities
-181.82-233.65-110.7-91.7-83.46
Investing Cash Flow
-177.17-237.73-118.46-114.13-143.88
Short-Term Debt Issued
---688.81-
Short-Term Debt Repaid
----400.9-
Net Short-Term Debt Issued (Repaid)
---287.92-
Long-Term Debt Issued
972.491,301792.23-718.42
Long-Term Debt Repaid
-581.84-738.06-599.26--71.32
Net Long-Term Debt Issued (Repaid)
390.65562.66192.97-647.11
Issuance of Common Stock
25.329.0821.320.02282.81
Repurchase of Common Stock
----177.9-0.24
Net Common Stock Issued (Repurchased)
25.329.0821.3-157.88282.58
Other Financing Activities
-10.3-31.86-48.78-16.82-74.25
Financing Cash Flow
405.65559.87165.49113.21855.43
Net Cash Flow
80.75508.48-64.68-658.77879.91
Free Cash Flow
-148.07185.49-113.24-666.69159.93
Free Cash Flow Growth
----1297.10%
FCF Margin
-14.19%29.14%-22.05%-79.14%18.85%
Free Cash Flow Per Share
-1.382.07-1.35-8.051.69
Levered Free Cash Flow
305.91515.27-315.6-647.9739.01
Unlevered Free Cash Flow
-96.28-91.91-525.08-940.5999.14
Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.
SEC Filings: 10-K · 10-Q