UPST - NASDAQ
Upstart Holdings, Inc.
$30.29
-9.9%Upstart Holdings, Inc., together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform aggregates consumer demand for loans and connects it to its network of the company's AI-enabled bank partners. The company was founded in 2012 and is headquartered in San Mateo, California.
At a Glance
Live SnapshotUpstart Holdings, Inc. Profit Bridge
Profitability Analysis
Gross Margin
Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.
Operating Margin
Acceptable margins but limited operational leverage. Operating expense control is important.
Net Profit Margin
Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.
Effective Tax Rate
Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.
Profitability Insight
Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.
Upstart Holdings, Inc. Income Statement
UPST • NASDAQ
| Upstart Holdings, Inc. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 |
|---|---|---|---|---|---|---|---|---|---|
REVENUE | |||||||||
1.1B | 677M | 547.7M | 853.3M | 849.9M | 230.1M | 189.3M | 95.6M | 55.6M | |
GROSS PROFIT | |||||||||
(51.5M) | (48.1M) | (39.6M) | (15.5M) | (3.3M) | (8M) | (26.5M) | (0.0) | (0.0) | |
1B | 628.8M | 508.1M | 837.8M | 846.6M | 222.1M | 162.8M | 95.6M | 55.6M | |
OPERATING INCOME | |||||||||
(969.7M) | (757.2M) | (748.1M) | (946.8M) | (712.9M) | (216.1M) | (167.7M) | (106.8M) | (64.5M) | |
(743.6M) | (555.7M) | (489.9M) | (719.1M) | (572.5M) | (182.8M) | (150M) | (98.9M) | (59.5M) | |
54.3M | -128.4M | -240M | -109.1M | 133.7M | 6M | -4.9M | -8M | -7.5M | |
PRE-TAX INCOME | |||||||||
(51.5M) | (48.1M) | (39.6M) | (15.5M) | (3.3M) | (8M) | (26.5M) | (26.5M) | (9.4M) | |
152.7M | 138.2M | 129.4M | 90.1M | 17.4M | 18.4M | 36.8M | 50.2M | 11.7M | |
(226M) | (201.5M) | (258.2M) | (227.8M) | (140.4M) | (33.3M) | (17.7M) | (7.9M) | (5M) | |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -3.2M | -1.3M | |
54.3M | -128.4M | -240M | -109.1M | 133.7M | 6M | -4.9M | -11.2M | -8.9M | |
NET INCOME | |||||||||
(728K) | (185K) | (107K) | -409K | -1.7M | (371K) | (74K) | (0.0) | (6K) | |
53.6M | -128.6M | -240.1M | -108.7M | 135.4M | 6M | -466K | -12.3M | -7.7M |
SEC Filings
UPST - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 28, 2026 | May 28, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 19, 2026 | May 19, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | May 05, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 05, 2026 | May 05, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 16, 2026 | May 28, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 10, 2026 | March 10, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 19, 2026 | February 19, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 10, 2026 | February 10, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 10, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 10, 2026 | February 10, 2026 | 2026 |
Related Guides
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Research Paths
Snapshot
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Value Model
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Statements
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Earnings Call
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Dividends
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Analyst Expectations
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