Company Analysis

Upstart Holdings, Inc. (UPST)

Nasdaq: UPST · Finance Services · San Mateo, CA · filing with the SEC since 2015
Grade6.3
◀ Past 7.1● Present 5.9▶ Future 5.5
1 est.

Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.
Income statement, by fiscal year, newest first
Fiscal yearFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
Period endingDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019
Report filedFeb 10, 2026Feb 14, 2025Feb 15, 2024Feb 16, 2023Feb 18, 2022Mar 18, 2021·
Revenue1,043,857636,528513,562842,444848,589233,416164,189
For lenders
Interest and dividend income204,230186,360168,996105,58020,63426,40863,313
Interest expense on deposits and borrowings31,66440,43334,89410,843···
Net interest income93,8461,062-46,869-64,82847,314··
Research and development257,602253,653280,138237,247133,99938,80218,777
Sales and marketing301,507166,800127,143345,776333,45399,65993,175
General and administrative253,740230,935212,388185,290122,67745,60931,865
Total operating expenses1,001,226809,384770,087956,307707,708221,651168,764
Operating income42,631-172,856-256,525-113,863140,88111,765-4,575
Interest expense··34,89410,8433,2748,02626,485
Other income (expense), net24,32418,79321,2069,473-5,1745,5491,036
Income tax expense728185107-409-1,71237174
Net income including non-controlling interests···-108,665135,4435,579-5,020
Net income to non-controlling interests···00-404-4,554
Net income53,601-128,581-240,132-108,665135,4435,983-466
Preferred dividends···005,9830
Net income to common shareholders53,601-128,581-240,132-108,665135,4430-466
Earnings per share, basic0.56-1.44-2.87-1.311.730.00-0.03
Earnings per share, diluted0.45-1.44-2.87-1.311.430.00-0.03
Weighted average shares, basic96,030,55889,450,03883,765,89682,771,26878,106,35917,513,67014,335,611
Weighted average shares, diluted107,492,73589,450,03883,765,89682,771,26894,772,64117,513,67014,335,611
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it soldus-gaap:Revenues
Interest and dividend income what its loans and securities earnedus-gaap:InterestIncomeOperating
us-gaap:InterestAndDividendIncomeOperating
Interest expense on deposits and borrowings what it paid for the money it lendsus-gaap:InterestExpenseOperating
Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet
Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense
Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense
General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense
Total operating expenses the running costs togetherus-gaap:OperatingExpenses
Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss
Interest expense what its borrowing costus-gaap:InterestExpense
Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense
Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit
Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss
Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest
Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss
Preferred dividends paid to preferred holders before common shareholdersus-gaap:PreferredStockDividendsIncomeStatementImpact
Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic
Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic
Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted
Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
SI Assistanton UPST · research, not advice