Upstart Holdings, Inc. (UPST)
NASDAQ: UPST · Real-Time Price · USD
22.18
+0.29 (1.32%)
Nov 9, 2026, 1:59 PM EST - Market open
Upstart Holdings Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 65.11 | 53.6 | -128.58 | -240.13 | -108.67 | 135.44 |
Depreciation & Amortization | 25.56 | 24.84 | 20.55 | 24.9 | 13.51 | 7.54 |
Other Amortization | - | - | 3.2 | 3.1 | 3 | - |
Loss (Gain) From Sale of Assets | -45.11 | -28 | -15.45 | -13.71 | -28.74 | -6.92 |
Stock-Based Compensation | 151.69 | 131.95 | 133.4 | 175.04 | 125.95 | 73.19 |
Other Operating Activities | -32.63 | -53.61 | -13.27 | 40.59 | -1.92 | 1.76 |
Change in Accounts Payable | - | - | - | - | - | -7.51 |
Change in Other Net Operating Assets | -426.51 | -162.83 | 61.48 | -291.82 | -831.84 | -35.14 |
Operating Cash Flow | -181.13 | -147.73 | 186.33 | -111.71 | -657.86 | 168.35 |
Operating Cash Flow Growth | - | - | - | - | - | 972.52% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -5.83 | -0.35 | -0.84 | -1.53 | -8.83 | -8.43 |
Cash Acquisitions | - | - | - | - | - | -16.76 |
Sale (Purchase) of Intangibles | -16.77 | -18.06 | -9.15 | -10.56 | -14.09 | -6.69 |
Investment in Securities | - | - | - | - | -6.25 | -40 |
Other Investing Activities | 288.16 | 158.17 | -49.91 | -52.56 | 6.74 | 11.46 |
Investing Cash Flow | 343.88 | -177.17 | -237.73 | -118.46 | -114.13 | -143.88 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 1,020 | 1,313 | 792.23 | 688.81 | 718.42 |
Total Debt Issued | 926.37 | 1,020 | 1,313 | 792.23 | 688.81 | 718.42 |
Long-Term Debt Repaid | - | -581.84 | -738.06 | -648.04 | -417.72 | -71.32 |
Total Debt Repaid | -717.19 | -581.84 | -738.06 | -648.04 | -417.72 | -71.32 |
Net Debt Issued (Repaid) | 209.18 | 438.13 | 575.04 | 144.19 | 271.09 | 647.11 |
Issuance of Common Stock | 19.69 | 25.3 | 29.08 | 21.3 | 20.02 | 282.81 |
Repurchase of Common Stock | -100.06 | - | - | - | -177.9 | -0.24 |
Other Financing Activities | -0.01 | -57.79 | -44.25 | - | - | -74.25 |
Financing Cash Flow | 128.81 | 405.65 | 559.87 | 165.49 | 113.21 | 855.43 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | 291.56 | 80.75 | 508.48 | -64.68 | -658.77 | 879.91 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | -186.96 | -148.07 | 185.49 | -113.24 | -666.69 | 159.93 |
Free Cash Flow Growth | - | - | - | - | - | 1015.09% |
Free Cash Flow Margin | -13.51% | -13.77% | 27.40% | -20.65% | -78.13% | 18.77% |
Free Cash Flow Per Share | -1.69 | -1.38 | 2.07 | -1.35 | -8.05 | 1.69 |
Levered Free Cash Flow | 115.28 | -275.45 | 316.28 | -122.81 | -693.7 | -96.74 |
Unlevered Free Cash Flow | 142.69 | -255.66 | 340.35 | -102.17 | -688.05 | -93.82 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 29.25 | 43.48 | 43.12 | 36.55 | 12.47 | 3.27 |
Cash Income Tax Paid | 2.5 | 0.59 | 0.26 | -0.66 | 0.33 | 2.3 |
Change in Working Capital | -426.51 | -162.83 | 61.48 | -291.82 | -831.84 | -42.66 |