Upstart Holdings, Inc.UPSTEarnings & Financial Report
Nasdaq · fintech
Upstart is an AI lending platform that partners with banks and credit unions to provide consumer loans using non-traditional variables, such as education and employment, to predict creditworthiness.
UPST Q4 2025 Key Financial Metrics
Revenue
$296.1M
Gross Profit
N/A
Operating Profit
$18.9M
Net Profit
$18.6M
Gross Margin
N/A
Operating Margin
6.4%
Net Margin
6.3%
YoY Growth
35.2%
EPS
$0.20
Financial Flow
Upstart Holdings, Inc. Q4 2025 Financial Summary
Upstart Holdings, Inc. reported revenue of $296.1M for Q4 2025, with a net profit of $18.6M (6.3% margin). Cost of goods sold was N/A, operating expenses totaled N/A.
Key Financial Metrics
| Total Revenue | $296.1M |
|---|---|
| Net Profit | $18.6M |
| Gross Margin | N/A |
| Operating Margin | 6.4% |
| Report Period | Q4 2025 |
Upstart Holdings, Inc. Annual Revenue by Year
Upstart Holdings, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.0B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.0B |
| 2024 | $636.5M |
| 2023 | $547.9M |
| 2022 | $907.3M |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $127.8M | $127.6M | $162.1M | $219.0M | $213.4M | $257.3M | $277.1M | $296.1M |
| YoY Growth | 9.1% | -11.2% | 10.5% | 56.1% | 67.0% | 101.6% | 70.9% | 35.2% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.93B | $1.82B | $1.81B | $2.37B | $2.30B | $2.48B | $2.90B | $2.97B |
| Liabilities | $1.31B | $1.23B | $1.21B | $1.73B | $1.62B | $1.76B | $2.16B | $2.18B |
| Equity | $612.8M | $594.7M | $595.5M | $633.2M | $676.6M | $722.0M | $743.7M | $798.8M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $52.6M | $65.3M | $179.3M | $-110.9M | $-13.5M | $-120.2M | $-122.6M | $108.6M |
