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Upstart Holdings UPST · USD

Financials · US listing · 🇺🇸 United States

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22.25

+1.64%

Close of 9 Nov 2026, in USD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in USD, from our data supplier.

FY2025

Revenue, before interest expense

$1.08bn

FY2017FY2025

Net income

$53.6m

FY2017FY2025

Total assets

$2.97bn

FY2017FY2025

Shareholders' equity

$798.8m

FY2017FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue, before interest expense$1.08bn$677.0m$547.7m$842.4m$848.6m$233.4m$164.2m$99.3m$57.3m
Research and development$257.6m$253.7m$280.1m$237.2m$134.0m$38.8m$18.8m$8.4m$5.3m
Operating income$54.3m−$128.4m−$240.0m−$113.9m$140.9m$11.8m−$4.6m−$8.0m−$7.5m
Net income$53.6m−$128.6m−$240.1m−$108.7m$135.4m$5.6m−$5.0m−$11.2m−$8.9m
Diluted earnings per share0.48-1.39-2.81-1.321.370.21-0.35-0.80-0.64

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets$2.97bn$2.37bn$2.02bn$1.94bn$1.82bn$477.3m$393.5m$645.9m—
Cash and short-term investments$657.4m$793.6m$377.3m$432.4m$995.0m$258.8m$50.8m$73.0m—
Total liabilities$2.18bn$1.73bn$1.38bn$1.26bn$1.01bn$177.0m$455.1m$542.7m—
Debt$1.83bn$1.40bn$1.04bn$986.4m$695.4m$62.6m$118.6m$128.2m—
Shareholders' equity$798.8m$633.2m$635.3m$672.4m$807.1m$300.3m−$62.7m$91.3m—
Shares outstanding112m92m86m82m99m26m14m14m14m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue, before interest expense$257.3m$308.2m$304.2m$285.9m$265.1m$220.4m$226.4m$173.0m
Operating income$4.5m−$7.5m$19.2m$31.9m$5.7m−$2.4m−$2.6m−$6.7m
Net income$16.5m−$6.6m$18.6m$31.8m$5.6m−$2.4m−$2.8m−$6.8m
Diluted earnings per share0.15-0.060.170.280.05-0.02-0.03-0.07
Total assets$3.17bn$2.96bn$2.97bn$2.90bn$2.48bn$2.30bn$2.37bn$1.81bn
Cash and short-term investments$456.0m$931.3m$657.4m$494.9m$400.6m$605.4m$793.6m$450.2m
Debt$1.82bn$1.75bn$1.83bn$1.86bn$1.43bn$1.33bn$1.40bn$887.4m
Shareholders' equity$797.5m$733.2m$798.8m$743.7m$722.0m$676.6m$633.2m$595.5m

Financial ratios

Data as of 24 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Operating margin5.1%-19.0%-43.8%-13.5%16.6%5.0%
Net margin5.0%-19.0%-43.8%-12.9%16.0%2.4%
Return on equity6.7%-20.3%-37.8%-16.2%16.8%1.9%
Return on assets1.8%-5.4%-11.9%-5.6%7.4%1.2%
Revenue growth58.9%23.6%-35.0%-0.7%263.6%42.2%
Earnings growth-141.7%-46.5%121.0%-180.2%2327.7%-211.1%
Current ratio2.99x2.36x0.98x1.25x7.77x3.74x
Debt to equity2.29x2.21x1.64x1.97x0.92x0.34x
Equity ratio26.9%26.8%31.5%34.7%44.3%62.9%
Interest coverage1.05x-2.67x-6.06x-10.50x43.03x1.47x
R&D as a share of sales24.0%37.5%51.1%28.2%15.8%16.6%
Buybacks as a share of market value-21.8%-7.7%-4.1%16.8%-280.0%-80.5%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue7.2%35.4%—
Operating income—35.8%—
Net income—57.2%—

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020
Price to earnings91.6-44.1-14.6-10.048.182.8
Price to sales4.89.06.71.37.72.0

Market value over time

31 Dec 2020 to 23 Oct 2026, in USD

$1.06bn$2.61bn

Share price return

Finished calendar years

202520242023202220212020
Return-36%55%225%-75%220%39%

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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