Upstart Holdings, Inc.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $1.0B | $636.5M | $513.6M | $842.4M | $848.6M |
| Operating income | $42.6M | -$172.9M | -$256.5M | -$113.9M | $140.9M |
| Operating expenses | $1.0B | $809.4M | $770.1M | $956.3M | $707.7M |
| Cash from operations | -$147.7M | $186.3M | -$111.7M | -$657.9M | $168.4M |
| Capital expenditure | $347,000 | $837,000 | $1.5M | $8.8M | $8.4M |
| Free cash flow | -$148.1M | $185.5M | -$113.2M | -$666.7M | $159.9M |
| Share repurchases | — | $0 | $0 | $177.9M | $0 |
| Impairments | — | — | — | $0 | $0 |
| Total assets | $3.0B | $2.4B | $2.0B | $1.9B | $1.8B |
| Total liabilities | $2.2B | $1.7B | $1.4B | $1.3B | $1.0B |
| Total debt | $1.8B | $1.4B | $1.0B | $986.4M | $695.4M |
Shares outstanding 95.7M · Free float 97.7%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.