20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.
Upstart Holdings Inc (UPST) operates in the CREDIT SERVICES industry and is headquartered in San Mateo, United States with about 1,405 employees. Its market capitalization is roughly $2 billion. In the fiscal year ended 2025-12-31, UPST reported $1.1B in revenue and $54M in net income.
Upstart Holdings, Inc., together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. The company operates through three segments: Personal Lending, Auto Lending, and Other.
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| Income statement | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.2B | $1.1B | $677M | $548M | $842M | $849M | $233M | $164M | $99M | $57M |
| Gross Profit | $860M | $1.0B | $629M | $508M | $654M | $731M | $196M | $139M | $84M | $47M |
| Gross Margin % | 74.4% | 95.2% | 92.9% | 92.8% | 77.7% | 86.1% | 83.9% | 84.8% | 84.5% | 82.1% |
| Operating Income (EBIT) | $48M | $54M | ($128M) | ($240M) | ($114M) | $141M | $12M | ($5M) | ($8M) | ($8M) |
| Operating Margin % | 4.2% | 5.1% | -19.0% | -43.8% | -13.5% | 16.6% | 5.0% | -2.8% | -8.0% | -13.2% |
| Net Income | $60M | $54M | ($129M) | ($240M) | ($109M) | $135M | $6M | ($5M) | ($11M) | ($9M) |
| Net Margin % | 5.2% | 5.0% | -19.0% | -43.8% | -12.9% | 16.0% | 2.4% | -3.1% | -11.3% | -15.5% |
| EBITDA | $83M | $79M | ($108M) | ($215M) | ($100M) | $148M | $14M | ($4M) | ($8M) | ($7M) |
| Earnings Per Share (EPS) | $0.54 | $0.50 | $-1.44 | $-2.87 | $-1.31 | $1.43 | $0.21 | $-0.35 | $-0.79 | $-0.64 |
| Shares Outstanding (M) | 110M | 107M | 89M | 84M | 83M | 95M | 26M | 14M | 14M | 14M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly income statement | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | $257M | $308M | $304M | $286M | $265M | $220M | $226M | $173M |
| Gross Profit | $5M | $302M | $276M | $277M | $257M | $213M | $211M | $162M |
| Gross Margin % | 1.8% | 98.1% | 90.8% | 96.9% | 97.1% | 96.8% | 93.3% | 93.8% |
| Operating Income (EBIT) | $5M | ($8M) | $19M | $32M | $6M | ($2M) | ($3M) | ($7M) |
| Operating Margin % | 1.8% | -2.4% | 6.3% | 11.2% | 2.1% | -1.1% | -1.2% | -3.9% |
| Net Income | $17M | ($7M) | $19M | $32M | $6M | ($2M) | ($3M) | ($7M) |
| Net Margin % | 6.4% | -2.2% | 6.1% | 11.1% | 2.1% | -1.1% | -1.2% | -3.9% |
| EBITDA | $21M | ($2M) | $26M | $38M | $11M | $4M | $2M | ($1M) |
| Earnings Per Share (EPS) | $0.15 | $-0.07 | $0.17 | $0.29 | $0.05 | $-0.03 | $-0.03 | $-0.07 |
| Shares Outstanding (M) | 110M | 97M | 112M | 110M | 103M | 94M | 92M | 90M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Cash flow | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | ($284M) | ($148M) | $186M | ($112M) | ($658M) | $168M | $16M | $32M | $50M | $10M |
| Capital Expenditures (CapEx) | $17M | $18M | $10M | $12M | $23M | $15M | $6M | $5M | $1M | $1M |
| Free Cash Flow (FCF) | ($301M) | ($166M) | $176M | ($124M) | ($681M) | $153M | $10M | $26M | $49M | $10M |
| FCF Margin % | -26.1% | -15.4% | 26.1% | -22.6% | -80.8% | 18.1% | 4.3% | 16.0% | 49.6% | 16.7% |
| Dividends Paid | — | — | — | $8M | $12M | $0M | — | $4M | — | — |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly cash flow | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | ($137M) | ($133M) | $109M | ($123M) | ($120M) | ($13M) | ($111M) | $179M |
| Capital Expenditures (CapEx) | $2M | $7M | $4M | $4M | $4M | $6M | $3M | $2M |
| Free Cash Flow (FCF) | ($139M) | ($140M) | $105M | ($127M) | ($125M) | ($20M) | ($114M) | $177M |
| FCF Margin % | -53.9% | -45.5% | 34.4% | -44.3% | -47.0% | -8.9% | -50.5% | 102.2% |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Balance sheet | 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.2B | $3.0B | $2.4B | $2.0B | $1.9B | $1.8B | $477M | $393M | $646M |
| Cash & Cash Equivalents | $456M | $657M | $794M | $377M | $432M | $995M | $259M | $51M | $73M |
| Total Liabilities | $2.4B | $2.2B | $1.7B | $1.4B | $1.3B | $1.0B | $177M | $455M | $543M |
| Total Debt (Short + Long-Term) | $1.8B | $1.8B | $1.4B | $1.0B | $1.3B | $743M | $103M | $119M | $128M |
| Total Shareholders' Equity | $797M | $799M | $633M | $635M | $672M | $807M | $300M | ($63M) | $91M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive UPST viewer.
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