Upstart Holdings, Inc. (UPST) — Financial statements
Income statement, balance sheet, and cash flow for Upstart Holdings, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,076↑58.9% | 677↑23.6% | 548↓35.8% | 853↑0.4% | 850 | |
| Cost of Revenue | 52↑7.1% | 48↑21.5% | 40↑155.0% | 16↑374.3% | 3 | |
| Gross Profit | 1,024↑62.8% | 629↑23.8% | 508↓39.3% | 838↓1.0% | 847 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 442↑13.7% | 389↑7.2% | 363↓2.8% | 373↑56.2% | 239 | |
| Selling & Marketing Expenses | 302↑80.8% | 167↑31.2% | 127↓63.2% | 346↑3.7% | 333 | |
| SG&A Expenses | 744↑33.8% | 556↑13.4% | 490↓31.9% | 719↑25.6% | 572 | |
| Other Expenses | 226↑12.2% | 201↓22.0% | 258↑13.4% | 228↑62.2% | 140 | |
| Operating Expenses | 970↑28.1% | 757↑1.2% | 748↓21.0% | 947↑32.8% | 713 | |
| Total Costs & Expenses | 1,021↑26.8% | 805↑2.2% | 788↓18.1% | 962↑34.4% | 716 | |
| Operating Results | ||||||
| Operating Income | 54↑142.3% | -128↑46.5% | -240↓120.1% | -109↓181.6% | 134 | |
| Depreciation & Amortization | 25↑20.9% | 21↓17.5% | 25↑84.3% | 14↑79.2% | 8 | |
| EBITDA | 79↑173.4% | -108↑49.9% | -215↓125.1% | -96↓167.6% | 141 | |
| EBIT | 54↑142.3% | -128↑46.5% | -240↓120.1% | -109↓181.6% | 134 | |
| Interest & Other Income | ||||||
| Net Interest Income | 153↑10.5% | 138↑6.8% | 129↑43.7% | 90↑418.7% | 17 | |
| Interest Income | 204↑9.6% | 186↑10.3% | 169↑60.1% | 106↑411.7% | 21 | |
| Interest Expense | 52↑7.1% | 48↑21.5% | 40↑155.0% | 16↑374.3% | 3 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 54↑142.3% | -128↑46.5% | -240↓120.1% | -109↓181.6% | 134 | |
| Income Tax Expense | 0.73↑293.5% | 0.19↑72.9% | 0.11↑126.2% | -0.41↑76.1% | -2 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 54↑141.7% | -129↑46.5% | -240↓121.0% | -109↓180.2% | 135 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 54↑141.7% | -129↑46.5% | -240↓121.0% | -109↓180.2% | 135 | |
| Bottom-Line Net Income | 54↑141.7% | -129↑46.5% | -240↓121.0% | -109↓180.2% | 135 | |
| EPS (Basic) | 0.56↑138.9% | -1.44↑49.8% | -2.87↓119.1% | -1.31↓175.7% | 1.73 | |
| EPS (Diluted) | 0.45↑131.3% | -1.44↑49.8% | -2.87↓119.1% | -1.31↓191.6% | 1.43 | |
| Weighted Average Shares | 96↑7.4% | 89↑6.8% | 84↑1.2% | 83↑6.0% | 78 | |
| Weighted Average Diluted Shares | 107↑20.2% | 89↑6.8% | 84↑1.2% | 83↓12.7% | 95 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.