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UPST · XBRL financial data

Upstart Holdings financial statements, every quarter

The same tables from 13 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

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How these numbers work
  • Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
  • Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
  • * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
  • 0 means a filing states zero; a dash (—) means no filing states that number.
  • “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
  • Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
  • Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
  • Shares outstanding come from each filing's cover page, as of the date printed there.
  • Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

CSV

Fiscal quarters (UPST's year ends in late December)

In millions of dollarsDec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026Sep 30, 2026
Revenue140*128128162219*213257277296*308365371
Research and development57*63586567*58696467*809493
General and administrative56*58536060*61656168*768076
Total operating expenses188*195183207224*218253253277*316350335
Operating income (loss)(48)*(67)(55)(45)(5)*(4)52419*(8)1536
Interest expense14*11——————————
Other income (expense)10*31510*21120*131
Income tax expense (benefit)0*0000*0001*011
Net income (loss)(42)*(65)(54)(7)(3)*(2)63219*(7)1737
Earnings per share, basic USD per share(0.50)*(0.74)(0.62)(0.07)(0.03)*(0.03)0.060.330.19*(0.07)0.170.37
Earnings per share, diluted USD per share(0.50)*(0.74)(0.62)(0.07)(0.03)*(0.03)0.050.230.15*(0.07)0.160.33
Weighted average shares, basic millions of shares86*87889092*94969798*979798
Weighted average shares, diluted millions of shares86*87889092*94103110123*97110125

Balance sheet

CSV

Fiscal quarters (UPST's year ends in late December)

In millions of dollarsDec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026Sep 30, 2026
Cash and cash equivalents368439561656788600396490652473456461
Property and equipment, net434140383942444444484951
Right-of-use asset555249464341383516141957
Goodwill676767676767676767676767
Total assets2,0171,9281,8201,8092,3672,2962,4782,9052,9752,9623,1713,339
Total liabilities1,3821,3151,2261,2131,7341,6201,7562,1612,1762,2292,3742,452
Accumulated deficit(283)(347)(402)(408)(411)(414)(408)(376)(358)(364)(348)(311)
Total stockholders' equity635613595596633677722744799733797887
Total liabilities and equity2,0171,9281,8201,8092,3672,2962,4782,9052,9752,9623,1713,339
Common shares outstanding (cover page) millions of shares868890919495969798969799

Cash flows

CSV

Fiscal quarters (UPST's year ends in late December)

In millions of dollarsDec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026Sep 30, 2026
Net income (loss)(42)*(65)(54)(7)(3)*(2)63219*(7)1737
Stock-based compensation33*3634*34*30*3036*34*32*3544*40*
Depreciation and amortization9*65*5*5*66*6*6*67*6*
Net cash from operating activities(144)*5365*179*(111)*(13)(120)*(123)*109*(133)(137)*(20)*
Purchases of property and equipment0*10*0*0*00*0*0*32*1*
Net cash from investing activities(30)*(38)(76)*(46)*(78)*(79)(110)*(121)*132*194*117*
Proceeds from issuing common stockyear only———————————
Share repurchases0*———year only00*0*—1000*0*
Net cash from financing activities26*(44)132*(38)*509*(45)92*379*(20)*793*49*
Net change in cash(147)*(29)121*95*320*(137)(138)*135*220*(126)51*146*

Compare with peers

SIC 6199 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen
  • SIC 6199 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
  • Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
  • Runway shows only for companies burning cash with under $10B of public float.
  • * marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
  • A cell reading “not reported” means the filings give no figure for that quarter alone.
  • A cell reading “year only” links to a 10-K that gives only the full year: without all three earlier quarters there is no fourth quarter to work out, and the year total is never shown as a quarter.
CompanyCash ($M)Revenue, quarter ($M)Operating cash flow, quarter ($M)Shares outstandingRunwayQuarter
Upstart Holdings461371(20)*98.9M4.7 quarters 10-QSep 30, 2026
MARA Holdings421175(224)*386.3M1.9 quarters 10-QJun 30, 2026
Core Scientific, Inc./tx1,770164(19)*321.3M93.5 quarters 10-QJun 30, 2026
Chime Financial536670207*not reported— 10-QJun 30, 2026
Dave21017168*not reported— 10-QJun 30, 2026
Burford Capital464147not reported219.6M— 10-QSep 30, 2026
IREN5,896137*year onlynot reported— 10-KJun 30, 2026
Riot Platforms471174(90)*375.3M5.2 quarters 10-QJun 30, 2026
Cipher Digital65627(131)*456.4M0.7 quarters 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.