Income Statement Upstart Holdings, Inc.

Stocks

UPST

US91680M1071

Consumer Lending

Market Closed - Nasdaq Other stock markets 04:00:00 2026-06-09 pm EDT			5-day change	1st Jan Change
31.06 ^USD	+0.19%		-4.11%	-28.97%

May. 27	Upstart Adds Community Choice Credit Union as Personal Lending Partner	MT
May. 27	Community Choice Credit Union Selects Upstart for Personal Lending	CI

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Published financial data: UPSTART HOLDINGS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	801M	907M	560M	635M	950M
Interest And Invest. Income (Rev)	20.63M	106M	169M	186M	204M
Other Revenues, Total	29.95M	-160M	-181M	-145M	-78.72M
Total Revenues	852M	853M	548M	677M	1.08B
Cost of Goods Sold, Total	118M	188M	150M	158M	188M
Gross Profit	734M	665M	398M	519M	887M
Selling General & Admin Expenses, Total	455M	531M	340M	398M	555M
R&D Expenses	134M	237M	280M	254M	258M
Other Operating Expenses, Total	589M	768M	620M	651M	813M
Operating Income	145M	-103M	-222M	-132M	74.3M
Interest Expense, Total	-3.27M	-10.84M	-37.99M	-43.63M	-31.66M
Interest And Investment Income	126K	9.47M	21.21M	18.79M	24.32M
Net Interest Expenses	-3.15M	-1.37M	-16.79M	-24.84M	-7.34M
Other Non Operating Income (Expenses)	-1.98M	-4.68M	-1.61M	-4.49M	-19.87M
EBT, Excl. Unusual Items	140M	-109M	-240M	-162M	47.08M
Merger & Related Restructuring Charges	-1.24M	-	-	-	-
Other Unusual Items	-5.3M	-	-	33.36M	7.25M
EBT, Incl. Unusual Items	134M	-109M	-240M	-128M	54.33M
Income Tax Expense	-1.71M	-409K	107K	185K	728K
Earnings From Continuing Operations	135M	-109M	-240M	-129M	53.6M
Net Income to Company	135M	-109M	-240M	-129M	53.6M
Minority Interest	-	-	-	-	-
Net Income - (IS)	135M	-109M	-240M	-129M	53.6M
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	135M	-109M	-240M	-129M	53.6M
Net Income to Common Excl. Extra Items	135M	-109M	-240M	-129M	53.6M
Per Share Items
Net EPS - Basic	1.73	-1.31	-2.87	-1.44	0.56
Basic EPS - Continuing Operations	1.73	-1.31	-2.87	-1.44	0.56
Basic Weighted Average Shares Outstanding	78.11M	82.77M	83.77M	89.45M	96.03M
Net EPS - Diluted	1.43	-1.31	-2.87	-1.44	0.45
Diluted EPS - Continuing Operations	1.43	-1.31	-2.87	-1.44	0.45
Diluted Weighted Average Shares Outstanding	94.77M	82.77M	83.77M	89.45M	107M
Normalized Basic EPS	1.12	-0.82	-1.79	-1.13	0.31
Normalized Diluted EPS	0.93	-0.82	-1.79	-1.13	0.27
American Depositary Receipts Ratio (ADR)	0.05	0.05	0.05	0.05	0.05
Supplemental Items
EBITDA	151M	-89.51M	-197M	-112M	99.13M
EBITA	146M	-98.72M	-217M	-132M	74.3M
EBIT	145M	-103M	-222M	-132M	74.3M
EBITDAR	160M	-69.9M	-177M	-93.9M	117M
Total Revenues (As Reported)	849M	842M	514M	637M	1.04B
Effective Tax Rate - (Ratio)	-1.28	0.37	-0.04	-0.14	1.34
Current Domestic Taxes	229K	174K	107K	185K	728K
Total Current Taxes	229K	174K	107K	185K	728K
Deferred Domestic Taxes	-1.94M	-583K	-	-	-
Total Deferred Taxes	-1.94M	-583K	-	-	-
Normalized Net Income	87.67M	-68.17M	-150M	-101M	29.43M
Supplemental Operating Expense Items
Selling and Marketing Expenses	333M	346M	127M	167M	302M
General and Administrative Expenses	121M	185M	212M	231M	254M
Research And Development Expense From Footnotes	134M	237M	280M	254M	258M
Net Rental Expense, Total	9.41M	19.61M	19.83M	17.97M	18.06M
Imputed Operating Lease Interest Expense	561K	1.81M	5.17M	4.51M	2.66M
Imputed Operating Lease Depreciation	8.84M	17.81M	14.66M	13.47M	15.4M
Stock-Based Comp., COGS (Total)	6.25M	9.36M	10.68M	7.04M	7.2M
Stock-Based Comp., R&D Exp. (Total)	39.19M	72.17M	110M	70.79M	65.69M
Stock-Based Comp., S&M Exp. (Total)	6.06M	11.35M	8.17M	11.7M	12.68M
Stock-Based Comp., G&A Exp. (Total)	21.68M	33.07M	45.81M	43.87M	46.38M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	73.19M	126M	175M	133M	132M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	987M	422M	368M	788M	652M
Short Term Investments	-	-	-	5.18M	5.06M
Trading Asset Securities, Total	-	-	-	1.86M	225K
Total Cash And Short Term Investments	987M	422M	368M	795M	658M
Accounts Receivable, Total	-	-	40.49M	48.23M	46.65M
Notes Receivable	261M	1.02B	1.17B	828M	1.08B
Total Receivables	261M	1.02B	1.21B	877M	1.13B
Prepaid Expenses	-	-	-	28.83M	39.66M
Restricted Cash	205M	110M	99.38M	188M	405M
Total Current Assets	1.45B	1.55B	1.68B	1.89B	2.23B
Gross Property Plant And Equipment	111M	110M	79.79M	69.39M	43.08M
Accumulated Depreciation	-3.69M	-6.78M	-13.74M	-17.92M	-21M
Net Property Plant And Equipment	107M	103M	66.05M	51.47M	22.08M
Long-term Investments	40M	41.25M	47.21M	97.52M	154M
Goodwill	67.06M	67.06M	67.06M	67.06M	67.06M
Other Intangibles, Total	33.41M	43.03M	42.66M	40.43M	46.79M
Accounts Receivable Long-Term	55.52M	46.65M	-	-	-
Other Long-Term Assets, Total	65.59M	85.89M	115M	222M	454M
Total Assets	1.82B	1.94B	2.02B	2.37B	2.97B
Liabilities
Accounts Payable, Total	6.56M	18.72M	12.61M	12.38M	31.98M
Accrued Expenses, Total	98.6M	54.15M	64.55M	108M	128M
Short-term Borrowings	-	-	-	-	-
Current Portion of Leases	11.2M	15.09M	14.97M	15.4M	10.61M
Other Current Liabilities	-	-	-	-	-
Total Current Liabilities	116M	87.96M	92.13M	136M	170M
Long-Term Debt	695M	986M	1.18B	1.49B	1.88B
Long-Term Leases	89.16M	85.7M	47.36M	34.88M	10.54M
Other Non Current Liabilities	112M	104M	60.47M	73.5M	120M
Total Liabilities	1.01B	1.26B	1.38B	1.73B	2.18B
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	8K	8K	9K	9K	10K
Additional Paid In Capital	741M	715M	918M	1.04B	1.16B
Retained Earnings	66.22M	-42.44M	-283M	-411M	-358M
Total Common Equity	807M	672M	635M	633M	799M
Minority Interest	-	-	-	-	-
Total Equity	807M	672M	635M	633M	799M
Total Liabilities And Equity	1.82B	1.94B	2.02B	2.37B	2.97B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	84.06M	81.39M	86.43M	93.71M	98.06M
ECS Total Common Shares Outstanding	83.66M	81.26M	86.33M	93.47M	98.03M
Book Value / Share	9.65	8.28	7.36	6.77	8.15
Tangible Book Value	707M	562M	526M	526M	685M
Tangible Book Value Per Share	8.45	6.92	6.09	5.62	6.99
Total Debt	796M	1.09B	1.24B	1.54B	1.9B
Net Debt	-191M	665M	876M	744M	1.24B
Debt Equivalent Oper. Leases	75.25M	157M	159M	144M	144M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	7M	10.47M	10.82M	10.86M	11.15M
Full Time Employees	1.5K	1.88K	1.39K	1.19K	1.4K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	135M	-109M	-240M	-129M	53.6M
Depreciation & Amortization - CF	4.34M	9.21M	20.6M	20.55M	24.84M
Amortization of Goodwill and Intangible Assets - (CF)	856K	4.3M	4.3M	-	-
Depreciation & Amortization, Total	5.19M	13.51M	24.9M	20.55M	24.84M
Amortization of Deferred Charges, Total - (CF)	2.35M	-	-	3.2M	-
(Gain) Loss From Sale Of Asset	-6.92M	-28.74M	-13.71M	-15.45M	-28M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Provision for Credit Losses	-	-	-	125M	-114M
Stock-Based Compensation (CF)	73.19M	126M	175M	133M	132M
Other Operating Activities, Total	1.76M	172M	234M	-13.27M	-53.61M
Change In Accounts Payable	-7.51M	11.88M	-6.13M	-	-
Change in Other Net Operating Assets	-35.14M	-861M	-334M	61.48M	-163M
Cash from Operations	168M	-675M	-160M	186M	-148M
Capital Expenditure	-8.43M	-8.82M	-1.53M	-837K	-347K
Cash Acquisitions	-16.76M	-	-	-	-
Sale (Purchase) of Intangible assets	-6.69M	-14.09M	-10.56M	-9.15M	-18.06M
Investment in Marketable and Equity Securities, Total	-40M	-6.25M	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-83.46M	-91.7M	-53.8M	-178M	-317M
Other Investing Activities, Total	11.46M	6.74M	-52.56M	-49.91M	158M
Cash from Investing	-144M	-114M	-118M	-238M	-177M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	718M	689M	792M	1.31B	1.02B
Total Debt Issued	718M	689M	792M	1.31B	1.02B
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-71.32M	-401M	-599M	-738M	-582M
Total Debt Repaid	-71.32M	-401M	-599M	-738M	-582M
Issuance of Common Stock	283M	20.02M	21.31M	29.1M	25.3M
Repurchase of Common Stock	-236K	-178M	-15K	-22K	-
Issuance of Preferred Stock	-	-	-	-	-
Repurchase of Preferred Stock	-	-	-	-	-
Other Financing Activities, Total	-74.25M	-	-	-44.25M	-57.79M
Cash from Financing	855M	130M	214M	560M	406M
Net Change in Cash	880M	-659M	-64.68M	508M	80.75M
Supplemental Items
Cash Interest Paid	3.27M	12.47M	36.55M	43.12M	36.55M
Cash Income Tax Paid (Refund)	2.3M	328K	-658K	258K	-658K
Levered Free Cash Flow	-95.87M	-648M	-108M	316M	-275M
Unlevered Free Cash Flow	-93.82M	-641M	-84.19M	340M	-256M
Change In Net Working Capital	250M	694M	134M	-279M	440M
Net Debt Issued / Repaid	647M	288M	193M	575M	438M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	7.91	-3.43	-7.01	-3.78	1.74
Return on Total Capital	9.15	-3.83	-7.61	-4.08	1.91
Return On Equity %	24.46	-14.69	-36.72	-20.27	7.49
Return on Common Equity	24.46	-14.69	-36.72	-20.27	7.49
Margin Analysis
Gross Profit Margin %	86.2	77.97	72.57	76.66	82.48
SG&A Margin	53.4	62.24	61.91	58.75	51.63
EBITDA Margin %	17.68	-10.49	-35.87	-16.53	9.22
EBITA Margin %	17.17	-11.57	-39.63	-19.56	6.91
EBIT Margin %	17.07	-12.07	-40.41	-19.56	6.91
Income From Continuing Operations Margin %	15.9	-12.73	-43.78	-18.99	4.98
Net Income Margin %	15.9	-12.73	-43.78	-18.99	4.98
Net Avail. For Common Margin %	15.9	-12.73	-43.78	-18.99	4.98
Normalized Net Income Margin	10.29	-7.99	-27.35	-14.93	2.74
Levered Free Cash Flow Margin	-11.25	-75.96	-19.68	46.72	-25.61
Unlevered Free Cash Flow Margin	-11.01	-75.17	-15.35	50.28	-23.77
Asset Turnover
Asset Turnover	0.74	0.45	0.28	0.31	0.4
Fixed Assets Turnover	13.18	8.13	6.48	11.52	29.25
Receivables Turnover (Average Receivables)	-	-	12.86	14.32	20.03
Short Term Liquidity
Current Ratio	12.48	17.61	18.23	13.9	13.1
Quick Ratio	8.48	4.8	4.44	6.21	4.14
Operating Cash Flow to Current Liabilities	1.45	-7.67	-1.74	1.37	-0.87
Days Sales Outstanding (Average Receivables)	-	-	28.38	25.55	18.23
Average Days Payable Outstanding	31.57	24.54	38.01	28.95	42.98
Long Term Solvency
Total Debt/Equity	98.6	161.68	195.84	243.17	237.46
Total Debt / Total Capital	49.65	61.79	66.2	70.86	70.37
LT Debt/Equity	97.21	159.43	193.48	240.73	236.13
Long-Term Debt / Total Capital	48.95	60.93	65.4	70.15	69.97
Total Liabilities / Total Assets	55.67	65.27	68.5	73.25	73.15
EBIT / Interest Expense	44.41	-9.5	-5.83	-3.03	2.35
EBITDA / Interest Expense	48.87	-6.45	-4.66	-2.15	3.7
(EBITDA - Capex) / Interest Expense	46.29	-7.26	-4.7	-2.17	3.69
Total Debt / EBITDA	4.97	-15.55	-7.03	-16.4	16.19
Net Debt / EBITDA	-1.19	-9.51	-4.95	-7.93	10.57
Total Debt / (EBITDA - Capex)	5.25	-13.81	-6.97	-16.25	16.23
Net Debt / (EBITDA - Capex)	-1.26	-8.44	-4.91	-7.86	10.61
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	252.82	0.17	-35.72	23.43	58.87
Gross Profit, 1 Yr. Growth %	260.19	-9.4	-40.17	30.38	70.94
EBITDA, 1 Yr. Growth %	582.33	-158.53	119.79	-43.13	-188.61
EBITA, 1 Yr. Growth %	638.96	-166.39	120.15	-39.07	-156.1
EBIT, 1 Yr. Growth %	634.64	-170.86	115.13	-40.25	-156.1
Earnings From Cont. Operations, 1 Yr. Growth %	2.33K	-180.23	120.98	-46.45	-141.69
Net Income, 1 Yr. Growth %	2.16K	-180.23	120.98	-46.45	-141.69
Normalized Net Income, 1 Yr. Growth %	10.72K	-177.82	120.06	-32.61	-129.11
Diluted EPS Before Extra, 1 Yr. Growth %	-	-191.81	118.61	-49.83	-131.47
Accounts Receivable, 1 Yr. Growth %	-	-	-13.21	19.12	-3.29
Net Property, Plant and Equip., 1 Yr. Growth %	378.37	-3.53	-35.94	-22.08	-57.09
Total Assets, 1 Yr. Growth %	281.44	6.35	4.19	17.34	25.68
Tangible Book Value, 1 Yr. Growth %	140.14	-20.42	-6.54	0.03	30.29
Common Equity, 1 Yr. Growth %	168.8	-16.68	-5.52	-0.33	26.15
Cash From Operations, 1 Yr. Growth %	972.52	-500.75	-76.21	-266.8	-179.28
Capital Expenditures, 1 Yr. Growth %	521.92	4.72	-82.7	-45.19	-58.54
Levered Free Cash Flow, 1 Yr. Growth %	-156.82	576.1	-84.51	-357.53	-187.09
Unlevered Free Cash Flow, 1 Yr. Growth %	-154	583.62	-87.76	-433.13	-175.12
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	111.37	87.99	-19.76	-10.93	40.04
Gross Profit, 2 Yr. CAGR %	110.49	80.65	-26.37	-11.68	49.29
EBITDA, 2 Yr. CAGR %	157.65	101.39	13.42	11.8	-29.01
EBITA, 2 Yr. CAGR %	158.36	123.34	20.94	15.82	-41.53
EBIT, 2 Yr. CAGR %	157.6	128.15	23.47	13.38	-42.1
Earnings From Cont. Operations, 2 Yr. CAGR %	419.43	341.33	33.15	8.78	-52.75
Net Income, 2 Yr. CAGR %	1.6K	326.17	33.15	8.78	-52.75
Normalized Net Income, 2 Yr. CAGR %	674.17	817.26	33.36	21.78	-55.71
Diluted EPS Before Extra, 2 Yr. CAGR %	563.26	-	41.67	4.73	-60.26
Accounts Receivable, 2 Yr. CAGR %	-	-	-	1.68	7.33
Net Property, Plant and Equip., 2 Yr. CAGR %	131.05	114.82	-21.39	-29.35	-42.18
Total Assets, 2 Yr. CAGR %	115.1	101.41	5.26	10.57	21.44
Tangible Book Value, 2 Yr. CAGR %	229.93	38.24	-13.76	-3.31	14.16
Common Equity, 2 Yr. CAGR %	258.74	49.65	-11.28	-2.96	12.13
Cash From Operations, 2 Yr. CAGR %	130.88	555.6	-2.36	-46.78	14.99
Capital Expenditures, 2 Yr. CAGR %	45.07	155.2	-57.43	-69.2	-52.33
Levered Free Cash Flow, 2 Yr. CAGR %	-41.03	95.99	5.63	-32.48	49.76
Unlevered Free Cash Flow, 2 Yr. CAGR %	-43.33	92.13	-5.27	-29.67	58.19
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	89.19	64.79	31.45	-7.37	8.02
Gross Profit, 3 Yr. CAGR %	88.07	58.93	24.99	-10.92	10.07
EBITDA, 3 Yr. CAGR %	99.99	58.02	107.35	-9.9	3.46
EBITA, 3 Yr. CAGR %	99.16	65.17	122.27	-3.77	-9.04
EBIT, 3 Yr. CAGR %	98.78	67.53	123.73	-3.07	-10.32
Earnings From Cont. Operations, 3 Yr. CAGR %	129.41	178.69	250.45	-1.72	-20.99
Net Income, 3 Yr. CAGR %	122.36	515.51	242.38	-1.72	-20.99
Normalized Net Income, 3 Yr. CAGR %	121.09	259.87	469.95	6.22	-24.42
Diluted EPS Before Extra, 3 Yr. CAGR %	17.93	243.1	-	0.23	-29.85
Accounts Receivable, 3 Yr. CAGR %	-	-	-	-	-0
Net Property, Plant and Equip., 3 Yr. CAGR %	915.69	72.69	43.52	-21.62	-40.17
Total Assets, 3 Yr. CAGR %	41.25	70.09	61.68	9.14	15.39
Tangible Book Value, 3 Yr. CAGR %	118.14	105.38	21.33	-9.39	6.8
Common Equity, 3 Yr. CAGR %	129.61	120.51	28.38	-7.77	5.91
Cash From Operations, 3 Yr. CAGR %	49.55	177.47	117.04	3.44	-39.22
Capital Expenditures, 3 Yr. CAGR %	284.71	30.14	4.06	-53.69	-66
Levered Free Cash Flow, 3 Yr. CAGR %	-	32.98	-13.84	48.42	-26.5
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	29.96	-21.46	53.65	-28.11
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	66.49	34.24	28.84	34.82
Gross Profit, 5 Yr. CAGR %	-	63.77	29.24	25.65	34.19
EBITDA, 5 Yr. CAGR %	-	114.37	59.89	37.59	35.05
EBITA, 5 Yr. CAGR %	-	120.73	63.66	43.31	30.29
EBIT, 5 Yr. CAGR %	-	122.62	64.3	43.31	30.29
Earnings From Cont. Operations, 5 Yr. CAGR %	-	65.09	84.55	91.29	57.23
Net Income, 5 Yr. CAGR %	-	69.72	81.12	207.72	55.04
Normalized Net Income, 5 Yr. CAGR %	-	73.07	79.23	133.3	105.13
Diluted EPS Before Extra, 5 Yr. CAGR %	-	18.74	26.9	113.44	-
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	264.97	20.79	-0.23
Total Assets, 5 Yr. CAGR %	-	-	25.58	43.17	44.19
Tangible Book Value, 5 Yr. CAGR %	-	-	50.5	51.94	18.41
Common Equity, 5 Yr. CAGR %	-	-	56.97	58.8	21.62
Cash From Operations, 5 Yr. CAGR %	-	130.55	26.1	42.62	56.58
Capital Expenditures, 5 Yr. CAGR %	-	-	59.48	-26.88	-23.85
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	2.79	10.3
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	3.1	8.03