Upstart Holdings Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

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
Revenue	1,139	1,044	636.53	513.56	842.44	848.59
Revenue Growth	57.69%	63.99%	23.94%	-39.04%	-0.72%	263.55%
Cost of Revenue	202.97	188.38	158	150.42	187.99	117.58
Gross Profit	935.73	855.48	478.53	363.14	654.45	731.01
Selling, General & Admin	616.24	555.25	397.74	339.53	531.07	456.13
Research & Development	279.88	257.6	253.65	280.14	237.25	134
Total Operating Expenses	896.12	812.85	651.39	619.67	768.31	590.13
Operating Income	39.61	42.63	-172.86	-256.53	-113.86	140.88
Total Non-Operating Income (Expense)	23.2	11.7	44.46	16.5	4.79	-7.15
Pretax Income	50.19	54.33	-128.4	-240.03	-109.07	133.73
Provision for Income Taxes	0.78	0.73	0.19	0.11	-0.41	-1.71
Net Income	49.4	53.6	-128.58	-240.13	-108.67	135.44
Net Income to Common	49.4	53.6	-128.58	-240.13	-108.67	135.44
Net Income Growth	-	-	-	-	-	2327.73%
Shares Outstanding (Basic)	97	96	89	84	83	78
Shares Outstanding (Diluted)	105	107	89	84	83	95
Shares Change	15.53%	20.17%	6.79%	1.20%	-12.66%	441.13%
EPS (Basic)	0.51	0.56	-1.44	-2.87	-1.31	1.73
EPS (Diluted)	0.38	0.45	-1.44	-2.87	-1.31	1.43
EPS Growth	-	-	-	-	-	-

Additional Metrics

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%
Free Cash Flow Per Share	-2.57	-1.38	2.07	-1.35	-8.05	1.69
Gross Margin	82.18%	81.95%	75.18%	70.71%	77.68%	86.14%
Operating Margin	3.48%	4.08%	-27.16%	-49.95%	-13.52%	16.60%
Profit Margin	4.34%	5.13%	-20.20%	-46.76%	-12.90%	15.96%
FCF Margin	-23.77%	-14.19%	29.14%	-22.05%	-79.14%	18.85%
EBITDA	63.9	67.47	-152.31	-231.62	-100.35	148.42
EBITDA Margin	5.61%	6.46%	-23.93%	-45.10%	-11.91%	17.49%
EBIT	39.61	42.63	-172.86	-256.53	-113.86	140.88
EBIT Margin	3.48%	4.08%	-27.16%	-49.95%	-13.52%	16.60%
Effective Tax Rate	1.56%	1.34%	-0.14%	-0.04%	0.37%	-1.28%

SEC Filings: 10-K · 10-Q