Upstart Holdings, Inc. (UPST)
NASDAQ: UPST · Real-Time Price · USD
27.33
+0.29 (1.07%)
Jul 31, 2026, 12:54 PM EDT - 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 | Mar '26 Mar 31, 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 | 49.4 | 53.6 | -128.58 | -240.13 | -108.67 | 135.44 |
Depreciation & Amortization | 24.29 | 24.84 | 20.55 | 24.9 | 13.51 | 7.54 |
Stock-Based Compensation | 136.93 | 131.95 | 133.4 | 175.04 | 125.95 | 73.19 |
Other Adjustments | -255.97 | -195.29 | 99.48 | 220.3 | 143.19 | -5.16 |
Changes in Accounts Payable | - | - | - | - | - | -7.51 |
Changes in Accrued Expenses | 39.94 | 39.56 | 44.12 | -3.96 | -19.42 | 59.58 |
Changes in Other Operating Activities | -2,940 | -202.38 | 17.36 | -287.86 | -812.42 | -94.72 |
Operating Cash Flow | -267.54 | -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 | Mar '26 Mar 31, 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 | -3.1 | -0.35 | -0.84 | -1.53 | -8.83 | -8.43 |
Purchases of Intangible Assets | -16.14 | -18.06 | -9.15 | -10.56 | -14.09 | -6.69 |
Purchases of Investments | - | - | - | - | -6.25 | -40 |
Proceeds from Sale of Investments | 32.11 | 23.05 | 5.92 | 4.33 | 6.74 | 11.46 |
Cash Acquisitions | - | - | - | - | - | -16.76 |
Other Investing Activities | -103.06 | -181.82 | -233.65 | -110.7 | -91.7 | -83.46 |
Investing Cash Flow | -97.73 | -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 | Mar '26 Mar 31, 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 |
Short-Term Debt Issued | 123.52 | - | - | - | 688.81 | - |
Short-Term Debt Repaid | -32.63 | - | - | - | -400.9 | - |
Net Short-Term Debt Issued (Repaid) | 90.9 | - | - | - | 287.92 | - |
Long-Term Debt Issued | - | 972.49 | 1,301 | 792.23 | - | 718.42 |
Long-Term Debt Repaid | -36.36 | -581.84 | -738.06 | -599.26 | - | -71.32 |
Net Long-Term Debt Issued (Repaid) | -36.36 | 390.65 | 562.66 | 192.97 | - | 647.11 |
Issuance of Common Stock | 8.39 | 25.3 | 29.08 | 21.3 | 20.02 | 282.81 |
Repurchase of Common Stock | -100.06 | - | - | - | -177.9 | -0.24 |
Net Common Stock Issued (Repurchased) | -91.67 | 25.3 | 29.08 | 21.3 | -157.88 | 282.58 |
Other Financing Activities | 39.7 | -10.3 | -31.86 | -48.78 | -16.82 | -74.25 |
Financing Cash Flow | 457.07 | 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 | Mar '26 Mar 31, 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 | 91.81 | 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 | Mar '26 Mar 31, 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 | -270.63 | -148.07 | 185.49 | -113.24 | -666.69 | 159.93 |
Free Cash Flow Growth | - | - | - | - | - | 1297.10% |
FCF Margin | -23.77% | -14.19% | 29.14% | -22.05% | -79.14% | 18.85% |
Free Cash Flow Per Share | -2.57 | -1.38 | 2.07 | -1.35 | -8.05 | 1.69 |
Levered Free Cash Flow | -2,775 | 305.91 | 515.27 | -315.6 | -647.9 | 739.01 |
Unlevered Free Cash Flow | -2,840 | -96.28 | -91.91 | -525.08 | -940.59 | 99.14 |