Upstart Holdings, Inc. Financial Summary

Quick Answer

Upstart Holdings, Inc. reported Total Revenue of $1.04 billion for fiscal year 2025.

Upstart Holdings, Inc. — Key Financials by Year

Metric 2025 2024 2023 2022 2021 2020
Total Revenue $1.04B
+64.0%
$636.53M
+23.9%
$513.56M
-39.0%
$842.44M
-0.7%
$848.59M
+263.6%
$233.42M
+42.2%
Revenue (ASC 606) $907.27M
+13.2%
$801.27M
+250.5%
$228.60M
+43.0%
Net Income $53.60M
+141.7%
-$128.58M
+46.5%
-$240.13M
-121.0%
-$108.67M
-180.2%
$135.44M
+2163.8%
$5.98M
+1383.9%
Diluted EPS $0.45
+131.2%
-$1.44
+49.8%
-$2.87
-119.1%
-$1.31
-191.6%
$1.43 $0.00
+100.0%
Total Assets $2.97B
+25.7%
$2.37B
+17.3%
$2.02B
+4.2%
$1.94B
+6.4%
$1.82B
+281.4%
$477.25M
Cash and Equivalents $652.39M
-17.3%
$788.42M
+114.0%
$368.40M
Stockholders Equity $798.82M
+26.2%
$633.22M
-0.3%
$635.30M
-5.5%
$672.43M
-16.7%
$807.08M
+168.8%
$300.25M
+586.7%
R&D Expense $257.60M
+1.6%
$253.65M
-9.5%
$280.14M
+18.1%
$237.25M
+77.1%
$134.00M
+245.3%
$38.80M
+106.6%
Operating Income $42.63M
+124.7%
-$172.86M
+32.6%
-$256.52M
-125.3%
-$113.86M
-180.8%
$140.88M
+1097.5%
$11.77M
+357.2%
Shares Outstanding 98.03M
+4.9%
93.47M
+8.3%
86.33M
+6.2%
81.26M
-2.9%
83.66M
+14.1%
73.31M

Most Recent Quarter

Metric Quarter Ending Value YoY QoQ
Total Revenue September 30, 2025 $277.11M +70.9% +7.7%
Revenue (ASC 606) September 30, 2023 $146.75M -18.2% +2.1%
Net Income September 30, 2025 $31.80M +570.6% +467.2%
Diluted EPS September 30, 2025 $0.23 +428.6% +360.0%
Total Assets September 30, 2025 $2.90B +60.6% +17.2%
Cash and Equivalents September 30, 2025 $489.78M +23.7%
Stockholders Equity September 30, 2025 $743.72M +24.9% +3.0%
R&D Expense September 30, 2025 $64.03M -1.3% -7.0%
Operating Income September 30, 2025 $23.67M +152.4% +421.0%
Shares Outstanding September 30, 2025 97.28M +6.9% +1.2%
  • Upstart Holdings, Inc. reported Total Revenue of $1.04 billion for fiscal year 2025.
  • Upstart Holdings, Inc. showed an increase of +64.0% in Total Revenue compared to the prior fiscal year.
  • Upstart Holdings, Inc. reported Revenue (ASC 606) of $907.27 million for fiscal year 2022.
  • Upstart Holdings, Inc. showed an increase of +13.2% in Revenue (ASC 606) compared to the prior fiscal year.
  • Upstart Holdings, Inc. reported Net Income of $53.60 million for fiscal year 2025.
  • Upstart Holdings, Inc. showed an increase of +141.7% in Net Income compared to the prior fiscal year.
  • Upstart Holdings, Inc. reported Diluted EPS of $0.45 per share for fiscal year 2025.
  • Upstart Holdings, Inc. showed an increase of +131.2% in Diluted EPS compared to the prior fiscal year.
  • Upstart Holdings, Inc. reported Total Assets of $2.97 billion for fiscal year 2025.
  • Upstart Holdings, Inc. showed an increase of +25.7% in Total Assets compared to the prior fiscal year.
  • Upstart Holdings, Inc. reported Cash and Equivalents of $652.39 million for fiscal year 2025.
  • Upstart Holdings, Inc. showed a decrease of -17.3% in Cash and Equivalents compared to the prior fiscal year.
  • Upstart Holdings, Inc. reported Stockholders Equity of $798.82 million for fiscal year 2025.
  • Upstart Holdings, Inc. showed an increase of +26.2% in Stockholders Equity compared to the prior fiscal year.
  • Upstart Holdings, Inc. reported R&D Expense of $257.60 million for fiscal year 2025.
  • Upstart Holdings, Inc. showed an increase of +1.6% in R&D Expense compared to the prior fiscal year.
  • Upstart Holdings, Inc. reported Operating Income of $42.63 million for fiscal year 2025.
  • Upstart Holdings, Inc. showed an increase of +124.7% in Operating Income compared to the prior fiscal year.
  • Upstart Holdings, Inc. reported Shares Outstanding of 98.03 million shares for fiscal year 2025.
  • Upstart Holdings, Inc. showed an increase of +4.9% in Shares Outstanding compared to the prior fiscal year.
  • All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.

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