Upstart (UPST) Financials

$46.67 -0.02 (-0.04%)

Closing price 04:00 PM Eastern

Extended Trading

$47.01 +0.34 (+0.73%)

As of 07:58 PM Eastern

Annual Income Statements for Upstart

This table shows Upstart's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Net Income / (Loss) Attributable to Common Shareholders	-129	-240	-109	135	5.98	-0.47
Consolidated Net Income / (Loss)	-129	-240	-109	135	5.58	-5.02
Net Income / (Loss) Continuing Operations	-128	-240	-109	135	5.58	-5.02
Total Pre-Tax Income	-127	-240	-109	134	5.95	-4.95
Total Operating Income	-173	-257	-114	141	12	-4.58
Total Gross Profit	635	560	907	822	233	164
Total Revenue	635	560	907	822	233	164
Operating Revenue	635	560	907	822	233	164
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	809	770	956	708	222	169
Selling, General & Admin Expense	231	212	185	123	46	32
Marketing Expense	167	127	346	333	100	93
Research & Development Expense	254	280	237	134	39	19
Other Operating Expenses / (Income)	158	150	188	118	38	25
Total Other Income / (Expense), net	46	-30	-60	20	-5.82	-0.37
Interest Expense	160	221	175	-27	-	-
Interest & Investment Income	186	169	106	-	-	-
Other Income / (Expense), net	19	21	9.47	-7.15	-5.82	-0.37
Income Tax Expense	0.19	0.11	-0.41	-1.71	0.37	0.07
Basic Earnings per Share	($1.44)	($2.87)	($1.31)	$1.73	$0.00	($0.03)
Weighted Average Basic Shares Outstanding	89.45M	83.77M	82.77M	78.11M	17.51M	14.34M
Diluted Earnings per Share	($1.44)	($2.87)	($1.31)	$1.43	$0.00	($0.03)
Weighted Average Diluted Shares Outstanding	89.45M	83.77M	82.77M	94.77M	17.51M	14.34M
Weighted Average Basic & Diluted Shares Outstanding	93.71M	86.43M	81.39M	84.06M	-	-

This table shows Upstart's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-2.45	-2.76	-6.76	-54	-65	-42	-40	-28	-129	-55	-56
Consolidated Net Income / (Loss)	-2.45	-2.76	-6.76	-54	-65	-42	-40	-28	-129	-55	-56
Net Income / (Loss) Continuing Operations	-2.45	-1.69	-6.76	-54	-65	-42	-40	-28	-129	-55	-56
Total Pre-Tax Income	-2.42	-1.58	-6.71	-54	-65	-42	-40	-28	-129	-56	-56
Total Operating Income	-4.50	-4.75	-45	-55	-67	-48	-44	-33	-132	-58	-58
Total Gross Profit	226	199	168	131	138	153	147	144	117	183	179
Total Revenue	226	199	168	131	138	153	147	144	117	183	179
Operating Revenue	226	199	168	131	138	153	147	144	117	183	179
Total Cost of Revenue	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Operating Expenses	218	224	207	183	195	188	178	169	235	205	215
Selling, General & Admin Expense	61	60	60	53	58	56	54	50	53	47	48
Marketing Expense	59	55	43	33	35	39	33	24	31	51	56
Research & Development Expense	58	67	65	58	63	57	55	58	110	64	66
Other Operating Expenses / (Income)	41	41	39	39	39	36	37	37	41	43	45
Total Other Income / (Expense), net	-11	22	33	-1.87	-7.39	-7.37	-8.66	-2.73	-12	-34	-20
Interest Expense	13	29	13	56	61	69	50	42	60	169	3.05
Other Income / (Expense), net	2.08	9.80	5.08	1.03	2.88	9.87	3.54	5.20	2.60	67	-39
Income Tax Expense	0.03	0.11	0.05	0.02	0.01	0.06	0.01	0.02	0.02	-0.46	0.01
Basic Earnings per Share	($0.03)	($0.01)	($0.07)	($0.62)	($0.74)	($0.47)	($0.48)	($0.34)	($1.58)	($0.65)	($0.69)
Weighted Average Basic Shares Outstanding	94.27M	89.45M	90.12M	88.44M	87.03M	83.77M	84.40M	83.13M	81.91M	82.77M	81.67M
Diluted Earnings per Share	($0.03)	($0.01)	($0.07)	($0.62)	($0.74)	($0.47)	($0.48)	($0.34)	($1.58)	($0.60)	($0.69)
Weighted Average Diluted Shares Outstanding	94.27M	89.45M	90.12M	88.44M	87.03M	83.77M	84.40M	83.13M	81.91M	82.77M	81.67M
Weighted Average Basic & Diluted Shares Outstanding	95.14M	93.71M	91.23M	89.51M	87.88M	86.43M	85.06M	83.89M	82.67M	81.39M	81.88M

This table details how cash moves in and out of Upstart's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Net Change in Cash & Equivalents	508	-65	-659	880	231	-42
Net Cash From Operating Activities	186	-112	-658	168	16	32
Net Cash From Continuing Operating Activities	186	-112	-658	168	16	32
Net Income / (Loss) Continuing Operations	-129	-240	-109	135	5.58	-5.02
Consolidated Net Income / (Loss)	-129	-240	-109	135	5.58	-5.02
Depreciation Expense	21	25	14	7.54	2.28	0.77
Amortization Expense	-17	-3.87	0.00	-	-	-
Non-Cash Adjustments To Reconcile Net Income	100	-86	-721	-30	-39	1.08
Changes in Operating Assets and Liabilities, net	212	193	158	55	47	35
Net Cash From Investing Activities	-238	-118	-114	-144	137	45
Net Cash From Continuing Investing Activities	-238	-118	-114	-144	137	45
Purchase of Property, Plant & Equipment	-9.99	-12	-23	-15	-5.61	-5.28
Acquisitions	-63	-57	0.00	-17	0.00	0.00
Purchase of Investments	-323	-157	-151	-199	-9.66	-265
Sale and/or Maturity of Investments	151	107	50	36	30	158
Other Investing Activities, net	7.46	0.97	9.29	51	121	158
Net Cash From Financing Activities	560	165	113	855	79	-119
Net Cash From Continuing Financing Activities	560	165	113	855	79	-119
Repayment of Debt	-742	-599	-401	-87	-174	-309
Repurchase of Common Equity	0.00	0.00	-178	0.00	0.00	-
Issuance of Debt	1,301	792	689	718	92	193
Issuance of Common Equity	7.69	8.43	7.66	268	159	0.00
Other Financing Activities, net	-6.53	-36	-4.48	-44	2.37	1.91
Cash Interest Paid	43	37	12	3.27	8.03	27
Cash Income Taxes Paid	0.26	-0.66	0.33	2.30	0.00	0.00

This table details how cash moves in and out of Upstart's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-137	320	95	121	-29	-147	105	58	-81	-297	-84
Net Cash From Operating Activities	-13	-111	179	65	53	-146	-108	217	-76	-236	-101
Net Cash From Continuing Operating Activities	-13	-111	179	65	53	-146	-108	217	-76	-236	-101
Net Income / (Loss) Continuing Operations	-2.45	-2.76	-6.76	-54	-65	-42	-40	-28	-129	-55	-56
Consolidated Net Income / (Loss)	-2.45	-2.76	-6.76	-54	-65	-42	-40	-28	-129	-55	-56
Depreciation Expense	6.40	4.70	5.39	4.83	5.63	9.10	4.93	4.43	6.44	3.65	3.72
Amortization Expense	-8.35	-	-	-	-	-	-	-	-	-	-
Non-Cash Adjustments To Reconcile Net Income	16	-79	69	46	64	-185	-133	160	72	-291	-45
Changes in Operating Assets and Liabilities, net	-25	-17	112	68	48	77	60	81	-25	106	-4.13
Net Cash From Investing Activities	-79	-78	-46	-76	-38	-30	-24	-38	-26	-85	-24
Net Cash From Continuing Investing Activities	-79	-78	-46	-76	-38	-30	-24	-38	-26	-85	-24
Purchase of Property, Plant & Equipment	-6.16	-3.42	-2.49	-2.33	-1.75	-1.67	-2.95	-2.02	-5.46	-4.98	-5.52
Acquisitions	-0.31	-0.04	-	-46	-17	-17	-13	-26	0.00	-	-
Purchase of Investments	-150	-127	-86	-65	-46	-36	-37	-37	-46	-94	-41
Sale and/or Maturity of Investments	62	47	41	34	28	24	29	27	26	17	11
Other Investing Activities, net	16	4.65	1.08	2.90	-1.17	0.97	-	-	0.00	-2.70	-
Net Cash From Financing Activities	-45	509	-38	132	-44	28	237	-121	21	24	41
Net Cash From Continuing Financing Activities	-45	509	-38	132	-44	28	237	-121	21	24	41
Repayment of Debt	-134	-79	-479	-60	-124	-74	-127	-351	-47	-192	-107
Issuance of Debt	54	580	473	173	74	97	354	280	61	259	169
Issuance of Common Equity	4.69	-	3.12	-	4.57	-	2.70	-	5.73	-	3.23
Other Financing Activities, net	31	8.53	-35	19	1.20	5.28	7.08	-50	1.53	-15	1.31
Cash Interest Paid	7.38	8.32	10	12	12	14	10	4.28	7.96	4.52	3.88
Cash Income Taxes Paid	0.10	0.01	0.04	0.13	0.09	0.32	0.01	0.16	-1.15	0.12	0.15

This table presents Upstart's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Total Assets	2,367	2,017	1,936	1,820	477
Total Current Assets	1,595	368	422	987	348
Cash & Equivalents	788	368	422	987	251
Note & Lease Receivable	806	-	-	-	98
Plant, Property, & Equipment, net	39	43	44	24	10
Total Noncurrent Assets	733	1,606	1,469	810	119
Goodwill	67	67	67	67	0.00
Other Noncurrent Operating Assets	666	383	392	470	119
Total Liabilities & Shareholders' Equity	2,367	2,017	1,936	1,820	477
Total Liabilities	1,734	1,382	1,264	1,013	177
Total Current Liabilities	134	84	86	110	49
Accrued Expenses	134	84	67	103	36
Total Noncurrent Liabilities	1,600	1,298	1,178	903	128
Long-Term Debt	1,489	141	0.00	-	63
Other Noncurrent Operating Liabilities	110	1,156	1,178	903	65
Total Equity & Noncontrolling Interests	633	635	672	807	300
Total Preferred & Common Equity	633	635	672	807	300
Total Common Equity	633	635	672	807	300
Common Stock	1,044	918	715	741	369
Retained Earnings	-411	-283	-42	66	-69

This table presents Upstart's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	2,296	1,809	1,820	1,928	2,002	1,764	1,822	1,915
Total Current Assets	600	1,101	1,195	301	1,489	1,281	387	1,384
Cash & Equivalents	600	445	375	301	517	444	387	684
Plant, Property, & Equipment, net	42	38	40	41	48	47	47	41
Total Noncurrent Assets	1,654	669	585	1,587	465	435	1,388	490
Noncurrent Note & Lease Receivables	815	-	-	1,081	-	-	982	-
Goodwill	67	67	67	67	67	67	67	67
Other Noncurrent Operating Assets	772	602	518	439	398	368	324	406
Total Liabilities & Shareholders' Equity	2,296	1,809	1,820	1,928	2,002	1,764	1,822	1,915
Total Liabilities	1,620	1,213	1,226	1,315	1,361	1,126	1,195	1,197
Total Current Liabilities	79	112	77	62	59	55	54	85
Accrued Expenses	79	112	77	62	52	48	47	74
Total Noncurrent Liabilities	1,541	1,102	1,148	1,253	1,302	1,071	1,141	1,112
Long-Term Debt	1,411	988	1,026	129	1,157	931	-	919
Other Noncurrent Operating Liabilities	130	114	122	1,124	145	140	1,141	193
Commitments & Contingencies	0.00	-	-	-	-	-	-	-
Total Equity & Noncontrolling Interests	677	596	595	613	641	638	627	719
Total Preferred & Common Equity	677	596	595	613	641	638	627	719
Total Common Equity	677	596	595	613	641	638	627	719
Common Stock	1,090	1,004	996	960	881	838	799	706
Retained Earnings	-414	-408	-402	-347	-240	-200	-172	13

This table displays calculated financial ratios and metrics derived from Upstart's official financial filings.

Metric	2024	2023	2022	2021	2020	2019
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Growth Metrics	-	-	-	-	-	-
Revenue Growth	13.39%	-38.23%	10.39%	252.12%	42.16%	0.00%
EBITDA Growth	29.75%	-135.80%	-164.33%	1,616.97%	297.22%	0.00%
EBIT Growth	34.53%	-125.42%	-178.06%	2,147.58%	220.30%	0.00%
NOPAT Growth	32.62%	-125.29%	-155.86%	1,193.44%	444.46%	0.00%
Net Income Growth	46.45%	-120.98%	-180.23%	2,327.73%	211.14%	0.00%
EPS Growth	49.83%	-119.08%	-191.61%	0.00%	100.00%	0.00%
Operating Cash Flow Growth	266.80%	83.02%	-490.76%	972.52%	-50.30%	0.00%
Free Cash Flow Firm Growth	-209.88%	33.66%	-217.27%	529.86%	0.00%	0.00%
Invested Capital Growth	226.78%	63.31%	239.27%	-260.21%	0.00%	0.00%
Revenue Q/Q Growth	7.88%	-5.18%	-9.45%	30.37%	0.00%	0.00%
EBITDA Q/Q Growth	12.37%	-26.04%	-122.03%	73.35%	0.00%	0.00%
EBIT Q/Q Growth	21.69%	-24.20%	-95.68%	76.28%	0.00%	0.00%
NOPAT Q/Q Growth	19.83%	4.11%	-1,786.28%	53.67%	0.00%	0.00%
Net Income Q/Q Growth	23.57%	5.09%	-2,060.75%	74.71%	0.00%	0.00%
EPS Q/Q Growth	24.21%	4.33%	-1,537.50%	27.68%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	81.12%	48.99%	-51.95%	-32.12%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	-13,800.45%	34.41%	59.94%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	17.25%	-68.13%	-73.78%	44.31%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	-23.69%	-38.24%	-10.02%	17.19%	3.53%	-2.54%
Operating Margin	-27.20%	-45.77%	-12.55%	17.14%	5.04%	-2.79%
EBIT Margin	-24.24%	-41.99%	-11.51%	16.27%	2.55%	-3.01%
Profit (Net Income) Margin	-20.23%	-42.85%	-11.98%	16.48%	2.39%	-3.06%
Tax Burden Percent	100.98%	100.04%	99.63%	101.28%	93.76%	101.50%
Interest Burden Percent	82.65%	102.00%	104.49%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	0.00%	-1.28%	6.24%	0.00%
Return on Invested Capital (ROIC)	-13.89%	-54.55%	-226.13%	0.00%	19.69%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-17.09%	-35.90%	-222.02%	0.00%	25.48%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-6.39%	17.83%	211.44%	0.00%	-15.97%	0.00%
Return on Equity (ROE)	-20.27%	-36.72%	-14.69%	24.46%	3.72%	0.00%
Cash Return on Invested Capital (CROIC)	-120.16%	-102.64%	-203.68%	0.00%	-180.31%	0.00%
Operating Return on Assets (OROA)	-7.03%	-11.91%	-5.56%	11.64%	1.25%	0.00%
Return on Assets (ROA)	-5.87%	-12.15%	-5.79%	11.79%	1.17%	0.00%
Return on Common Equity (ROCE)	-20.27%	-36.72%	-14.69%	24.46%	3.72%	0.00%
Return on Equity Simple (ROE_SIMPLE)	-20.31%	-37.80%	-16.16%	16.78%	1.86%	0.00%
Net Operating Profit after Tax (NOPAT)	-121	-180	-80	143	11	-3.20
NOPAT Margin	-19.04%	-32.04%	-8.79%	17.36%	4.73%	-1.95%
Net Nonoperating Expense Percent (NNEP)	3.20%	-18.65%	-4.11%	-1.23%	-5.79%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	-5.70%	-23.12%	-11.85%	-	-	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	36.34%	37.90%	20.42%	14.93%	19.54%	19.41%
R&D to Revenue	39.92%	49.99%	26.15%	16.30%	16.62%	11.44%
Operating Expenses to Revenue	127.37%	137.41%	105.40%	86.11%	94.96%	102.79%
Earnings before Interest and Taxes (EBIT)	-154	-235	-104	134	5.95	-4.95
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-151	-214	-91	141	8.23	-4.17
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	8.87	5.47	1.61	15.36	1.63	0.00
Price to Tangible Book Value (P/TBV)	9.92	6.12	1.79	17.22	1.63	0.00
Price to Revenue (P/Rev)	8.84	6.20	1.19	15.09	2.10	1.46
Price to Earnings (P/E)	0.00	0.00	0.00	91.55	81.84	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	1.09%	1.22%	0.00%
Enterprise Value to Invested Capital (EV/IC)	4.74	7.96	2.64	0.00	2.69	0.00
Enterprise Value to Revenue (EV/Rev)	9.94	5.80	0.73	13.89	1.29	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	80.79	36.64	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	85.35	50.66	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	79.99	27.33	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	33.91	0.00	0.00	67.80	19.20	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	26.28	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	2.35	0.22	0.00	0.00	0.21	0.00
Long-Term Debt to Equity	2.35	0.22	0.00	0.00	0.21	0.00
Financial Leverage	0.37	-0.50	-0.95	-1.06	-0.63	0.00
Leverage Ratio	3.46	3.02	2.54	2.08	1.59	0.00
Compound Leverage Factor	2.86	3.08	2.65	2.08	1.59	0.00
Debt to Total Capital	70.17%	18.21%	0.00%	0.00%	17.26%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	70.17%	18.21%	0.00%	0.00%	17.26%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	29.83%	81.79%	100.00%	100.00%	82.74%	0.00%
Debt to EBITDA	-9.89	-0.66	0.00	0.00	7.61	0.00
Net Debt to EBITDA	-4.66	1.06	0.00	0.00	-22.87	0.00
Long-Term Debt to EBITDA	-9.89	-0.66	0.00	0.00	7.61	0.00
Debt to NOPAT	-12.31	-0.79	0.00	0.00	5.68	0.00
Net Debt to NOPAT	-5.79	1.26	0.00	0.00	-17.06	0.00
Long-Term Debt to NOPAT	-12.31	-0.79	0.00	0.00	5.68	0.00
Altman Z-Score	2.50	1.38	0.98	8.66	2.74	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	11.92	4.38	4.93	8.97	7.05	0.00
Quick Ratio	11.92	4.38	4.93	8.97	7.05	0.00
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,047	-338	-509	434	-101	0.00
Operating Cash Flow to CapEx	1,865.18%	-924.31%	-2,871.12%	1,113.81%	280.05%	598.26%
Free Cash Flow to Firm to Interest Expense	-6.56	-1.53	-2.91	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	1.17	-0.51	-3.76	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	1.10	-0.56	-3.89	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.29	0.28	0.48	0.72	0.49	0.00
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	15.56	12.91	26.52	47.94	23.27	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	1,334	408	250	-180	112	0.00
Invested Capital Turnover	0.73	1.70	25.74	-24.36	4.17	0.00
Increase / (Decrease) in Invested Capital	926	158	430	-292	112	0.00
Enterprise Value (EV)	6,318	3,248	660	11,414	301	0.00
Market Capitalization	5,617	3,475	1,082	12,400	490	240
Book Value per Share	$6.94	$7.47	$8.21	$9.85	$17.14	$0.00
Tangible Book Value per Share	$6.21	$6.68	$7.39	$8.79	$17.14	$0.00
Total Capital	2,123	777	672	807	363	0.00
Total Debt	1,489	141	0.00	0.00	63	0.00
Total Long-Term Debt	1,489	141	0.00	0.00	63	0.00
Net Debt	701	-227	-422	-987	-188	0.00
Capital Expenditures (CapEx)	9.99	12	23	15	5.61	5.28
Debt-free, Cash-free Net Working Capital (DFCFNWC)	673	-84	-86	-110	48	0.00
Debt-free Net Working Capital (DFNWC)	1,461	284	337	877	299	0.00
Net Working Capital (NWC)	1,461	284	337	877	299	0.00
Net Nonoperating Expense (NNE)	7.58	61	29	7.24	5.45	1.82
Net Nonoperating Obligations (NNO)	701	-227	-422	-987	-188	0.00
Total Depreciation and Amortization (D&A)	3.53	21	14	7.54	2.28	0.77
Debt-free, Cash-free Net Working Capital to Revenue	105.83%	-15.00%	-9.44%	-13.38%	20.60%	0.00%
Debt-free Net Working Capital to Revenue	229.90%	50.74%	37.12%	106.66%	128.06%	0.00%
Net Working Capital to Revenue	229.90%	50.74%	37.12%	106.66%	128.06%	0.00%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.44)	($2.87)	($1.31)	$1.73	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	89.45M	83.77M	82.77M	78.11M	0.00	0.00
Adjusted Diluted Earnings per Share	($1.44)	($2.87)	($1.31)	$1.43	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	89.45M	83.77M	82.77M	94.77M	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	93.71M	86.43M	81.39M	84.06M	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	-121	-180	-80	99	11	-3.20
Normalized NOPAT Margin	-19.04%	-32.04%	-8.79%	12.00%	4.73%	-1.95%
Pre Tax Income Margin	-20.04%	-42.83%	-12.02%	16.27%	2.55%	-3.01%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	-0.97	-1.07	-0.60	0.00	0.00	0.00
NOPAT to Interest Expense	-0.76	-0.81	-0.46	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-1.03	-1.12	-0.73	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-0.82	-0.87	-0.59	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	11.15%	-98.80%
Augmented Payout Ratio	0.00%	0.00%	-163.70%	0.00%	11.15%	-98.80%

This table displays calculated financial ratios and metrics derived from Upstart's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	63.72%	30.38%	14.20%	-9.16%	17.86%	-16.69%	-18.17%	-37.66%	-62.69%	-34.04%	-21.49%
EBITDA Growth	92.89%	134.18%	1.94%	-109.20%	51.99%	-340.18%	62.26%	10.46%	-802.86%	-80.79%	-412.13%
EBIT Growth	96.26%	113.42%	0.57%	-93.47%	50.03%	-557.61%	58.64%	5.70%	-979.77%	-86.13%	-449.99%
NOPAT Growth	93.34%	90.00%	-2.98%	-66.40%	48.82%	18.80%	24.52%	-3.85%	-365.09%	-168.15%	-235.99%
Net Income Growth	96.21%	93.50%	83.24%	-93.40%	50.02%	23.28%	28.29%	5.71%	-495.37%	-193.76%	-293.12%
EPS Growth	95.95%	97.87%	85.42%	-82.35%	53.16%	21.67%	30.43%	5.56%	-564.71%	-195.24%	-330.00%
Operating Cash Flow Growth	-130.42%	23.81%	266.50%	-69.95%	169.49%	38.32%	-6.26%	505.13%	71.62%	-2,018.23%	-332.49%
Free Cash Flow Firm Growth	-322.60%	-385.16%	131.18%	50.81%	-144.71%	59.29%	72.77%	37.87%	164.22%	-233.79%	-473.73%
Invested Capital Growth	237.06%	226.78%	-11.19%	10.77%	83.70%	63.31%	34.38%	36.68%	-72.94%	239.27%	395.78%
Revenue Q/Q Growth	13.43%	18.91%	28.39%	-5.46%	-9.67%	4.15%	2.13%	22.66%	-36.15%	2.30%	-22.18%
EBITDA Q/Q Growth	-144.83%	128.11%	30.11%	15.82%	-593.32%	19.35%	-49.11%	80.68%	-1,133.91%	112.67%	-253.80%
EBIT Q/Q Growth	-147.88%	112.60%	26.41%	15.68%	-2,368.49%	6.64%	-43.19%	78.22%	-1,671.66%	108.44%	-226.52%
NOPAT Q/Q Growth	5.35%	89.48%	18.62%	17.76%	-42.03%	-8.34%	-31.49%	74.71%	-125.37%	-0.70%	-80.93%
Net Income Q/Q Growth	11.18%	59.23%	87.59%	15.68%	-52.36%	-5.17%	-43.14%	78.21%	-133.89%	1.71%	-88.22%
EPS Q/Q Growth	-200.00%	85.71%	88.71%	16.22%	-57.45%	2.08%	-41.18%	78.48%	-163.33%	13.04%	-91.67%
Operating Cash Flow Q/Q Growth	87.84%	-161.85%	174.66%	24.08%	136.62%	-35.18%	-149.56%	386.98%	70.05%	-132.87%	-88.96%
Free Cash Flow Firm Q/Q Growth	-12.93%	-931.31%	169.86%	35.56%	-29.64%	46.58%	-10.23%	-158.57%	218.03%	64.26%	-151.47%
Invested Capital Q/Q Growth	11.49%	17.25%	-8.69%	182.38%	8.09%	-68.13%	13.89%	368.28%	-3.90%	-73.78%	15.83%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	-1.93%	4.89%	-20.70%	-38.02%	-42.70%	-18.66%	-24.10%	-16.51%	-104.83%	6.47%	-52.26%
Operating Margin	-1.99%	-2.38%	-26.94%	-42.51%	-48.87%	-31.08%	-29.88%	-23.21%	-112.54%	-31.88%	-32.39%
EBIT Margin	-1.07%	2.53%	-23.91%	-41.72%	-46.78%	-24.62%	-27.46%	-19.59%	-110.33%	4.48%	-54.34%
Profit (Net Income) Margin	-1.08%	-1.38%	-4.03%	-41.73%	-46.79%	-27.74%	-27.47%	-19.60%	-110.34%	-30.12%	-31.35%
Tax Burden Percent	101.20%	174.15%	100.67%	100.03%	100.02%	100.15%	100.02%	100.06%	100.01%	99.17%	100.02%
Interest Burden Percent	100.00%	-31.33%	16.75%	100.00%	100.00%	112.51%	100.00%	100.00%	100.00%	-677.70%	57.68%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-1.04%	-1.22%	-9.18%	-14.26%	-58.35%	-37.04%	-11.06%	-10.40%	-99.22%	-574.51%	-71.99%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.83%	-0.98%	-4.98%	-17.00%	-52.13%	-34.22%	-13.26%	-12.14%	-79.53%	-572.48%	-68.13%
Return on Net Nonoperating Assets (RNNOA)	-0.41%	-0.36%	-4.77%	-15.70%	23.47%	16.99%	-8.54%	-4.81%	19.86%	545.20%	38.22%
Return on Equity (ROE)	-1.45%	-1.58%	-13.95%	-29.96%	-34.88%	-20.04%	-19.60%	-15.21%	-79.36%	-29.31%	-33.77%
Cash Return on Invested Capital (CROIC)	-116.45%	-120.16%	-0.62%	-22.87%	-98.47%	-102.64%	-46.10%	-51.24%	80.00%	-203.68%	-133.31%
Operating Return on Assets (OROA)	-0.37%	0.73%	-7.39%	-13.23%	-14.51%	-6.98%	-8.29%	-6.64%	-41.15%	2.17%	-30.92%
Return on Assets (ROA)	-0.37%	-0.40%	-1.25%	-13.23%	-14.51%	-7.87%	-8.29%	-6.64%	-41.16%	-14.55%	-17.84%
Return on Common Equity (ROCE)	-1.45%	-1.58%	-13.95%	-29.96%	-34.88%	-20.04%	-19.60%	-15.21%	-79.36%	-29.31%	-33.77%
Return on Equity Simple (ROE_SIMPLE)	-9.82%	0.00%	-28.25%	-33.93%	-28.64%	0.00%	-39.48%	-42.14%	-43.15%	0.00%	0.77%
Net Operating Profit after Tax (NOPAT)	-3.15	-3.33	-32	-39	-47	-33	-31	-23	-92	-41	-41
NOPAT Margin	-1.39%	-1.67%	-18.86%	-29.76%	-34.21%	-21.75%	-20.91%	-16.24%	-78.78%	-22.32%	-22.67%
Net Nonoperating Expense Percent (NNEP)	-0.22%	-0.24%	-4.20%	2.75%	-6.22%	-2.82%	2.20%	1.74%	-19.69%	-2.03%	-3.86%
Return On Investment Capital (ROIC_SIMPLE)	-0.15%	-0.16%	-	-	-	-4.28%	-	-	-	-6.09%	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	26.79%	30.32%	35.73%	40.62%	41.73%	36.49%	36.46%	35.11%	44.96%	25.70%	26.63%
R&D to Revenue	25.59%	33.73%	38.72%	44.78%	45.70%	37.39%	37.44%	40.35%	93.96%	34.90%	36.90%
Operating Expenses to Revenue	96.38%	112.26%	123.69%	140.28%	141.42%	122.88%	121.56%	117.69%	200.41%	111.96%	120.06%
Earnings before Interest and Taxes (EBIT)	-2.42	5.05	-40	-54	-65	-38	-40	-28	-129	8.22	-97
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-4.37	9.75	-35	-50	-59	-29	-35	-24	-123	12	-94
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.37	8.87	6.01	3.49	3.73	5.47	3.74	4.64	2.06	1.61	2.35
Price to Tangible Book Value (P/TBV)	7.08	9.92	6.78	3.93	4.19	6.12	4.17	5.18	2.37	1.79	2.66
Price to Revenue (P/Rev)	5.96	8.84	6.08	3.65	3.93	6.20	4.05	4.75	1.82	1.19	1.69
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	305.17
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.33%
Enterprise Value to Invested Capital (EV/IC)	3.44	4.74	3.62	2.19	4.79	7.96	2.37	3.06	3.77	2.64	2.02
Enterprise Value to Revenue (EV/Rev)	7.08	9.94	7.00	4.80	3.64	5.80	5.13	5.53	1.28	0.73	1.92
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	407.52
Enterprise Value to Operating Cash Flow (EV/OCF)	39.88	33.91	40.09	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.01	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.09	2.35	1.66	1.73	0.21	0.22	1.81	1.46	0.00	0.00	1.28
Long-Term Debt to Equity	2.09	2.35	1.66	1.73	0.21	0.22	1.81	1.46	0.00	0.00	1.28
Financial Leverage	0.50	0.37	0.96	0.92	-0.45	-0.50	0.64	0.40	-0.25	-0.95	-0.56
Leverage Ratio	3.28	3.46	3.08	2.91	3.02	3.02	2.88	2.64	2.53	2.54	2.45
Compound Leverage Factor	3.28	-1.08	0.52	2.91	3.02	3.40	2.88	2.64	2.53	-17.21	1.41
Debt to Total Capital	67.58%	70.17%	62.38%	63.31%	17.40%	18.21%	64.36%	59.32%	0.00%	0.00%	56.12%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	67.58%	70.17%	62.38%	63.31%	17.40%	18.21%	64.36%	59.32%	0.00%	0.00%	56.12%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	32.42%	29.83%	37.62%	36.69%	82.60%	81.79%	35.64%	40.68%	100.00%	100.00%	43.88%
Debt to EBITDA	-15.10	-9.89	-5.75	-5.95	-0.88	-0.66	-6.81	-4.08	0.00	0.00	-22.45
Net Debt to EBITDA	-8.68	-4.66	-3.16	-3.78	1.17	1.06	-3.77	-2.13	0.00	0.00	-5.74
Long-Term Debt to EBITDA	-15.10	-9.89	-5.75	-5.95	-0.88	-0.66	-6.81	-4.08	0.00	0.00	-22.45
Debt to NOPAT	-18.34	-12.31	-6.54	-6.84	-0.96	-0.79	-6.18	-4.72	0.00	0.00	194.41
Net Debt to NOPAT	-10.54	-5.79	-3.59	-4.34	1.27	1.26	-3.42	-2.47	0.00	0.00	49.71
Long-Term Debt to NOPAT	-18.34	-12.31	-6.54	-6.84	-0.96	-0.79	-6.18	-4.72	0.00	0.00	194.41
Altman Z-Score	1.93	2.72	2.36	1.66	1.13	1.70	1.97	2.56	0.89	1.17	2.03
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	7.62	11.92	9.87	15.47	4.84	4.38	25.29	23.45	7.23	4.93	16.37
Quick Ratio	7.62	11.92	9.87	15.47	4.84	4.38	25.29	23.45	7.23	4.93	16.37
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,049	-929	112	-160	-248	-192	-359	-325	555	-471	-1,317
Operating Cash Flow to CapEx	-218.96%	-3,244.40%	7,190.86%	2,804.77%	3,008.69%	-8,739.44%	-3,656.11%	10,779.91%	-1,387.45%	-4,737.23%	-1,835.34%
Free Cash Flow to Firm to Interest Expense	-82.81	-31.54	8.64	-2.87	-4.04	-2.76	-7.19	-7.77	9.33	-2.79	-431.66
Operating Cash Flow to Interest Expense	-1.06	-3.76	13.87	1.17	0.86	-2.10	-2.16	5.19	-1.27	-1.40	-33.23
Operating Cash Flow Less CapEx to Interest Expense	-1.55	-3.88	13.67	1.13	0.83	-2.12	-2.22	5.15	-1.36	-1.43	-35.05
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.34	0.29	0.31	0.32	0.31	0.28	0.30	0.34	0.37	0.48	0.57
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	17.44	15.56	13.64	13.10	13.28	12.91	13.28	15.02	18.50	26.52	33.46
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,488	1,334	1,138	1,246	441	408	1,281	1,125	240	250	954
Invested Capital Turnover	0.75	0.73	0.49	0.48	1.71	1.70	0.53	0.64	1.26	25.74	3.18
Increase / (Decrease) in Invested Capital	1,046	926	-143	121	201	158	328	302	-648	430	1,276
Enterprise Value (EV)	5,125	6,318	4,124	2,725	2,116	3,248	3,035	3,447	906	660	1,926
Market Capitalization	4,314	5,617	3,581	2,073	2,287	3,475	2,394	2,960	1,293	1,082	1,691
Book Value per Share	$7.22	$6.94	$6.65	$6.77	$7.04	$7.47	$7.64	$7.72	$7.71	$8.21	$8.83
Tangible Book Value per Share	$6.50	$6.21	$5.90	$6.00	$6.27	$6.68	$6.84	$6.91	$6.70	$7.39	$7.80
Total Capital	2,087	2,123	1,583	1,621	742	777	1,798	1,569	627	672	1,637
Total Debt	1,411	1,489	988	1,026	129	141	1,157	931	0.00	0.00	919
Total Long-Term Debt	1,411	1,489	988	1,026	129	141	1,157	931	0.00	0.00	919
Net Debt	811	701	542	652	-171	-227	641	487	-387	-422	235
Capital Expenditures (CapEx)	6.16	3.42	2.49	2.33	1.75	1.67	2.95	2.02	5.46	4.98	5.52
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-79	673	545	743	-62	-84	913	783	-54	-86	616
Debt-free Net Working Capital (DFNWC)	521	1,461	990	1,118	238	284	1,430	1,227	333	337	1,300
Net Working Capital (NWC)	521	1,461	990	1,118	238	284	1,430	1,227	333	337	1,300
Net Nonoperating Expense (NNE)	-0.70	-0.57	-25	16	17	9.15	9.62	4.82	37	14	16
Net Nonoperating Obligations (NNO)	811	701	542	652	-171	-227	641	487	-387	-422	235
Total Depreciation and Amortization (D&A)	-1.95	4.70	5.39	4.83	5.63	9.10	4.93	4.43	6.44	3.65	3.72
Debt-free, Cash-free Net Working Capital to Revenue	-10.88%	105.83%	92.44%	130.83%	-10.67%	-15.00%	154.55%	125.54%	-7.54%	-9.44%	61.47%
Debt-free Net Working Capital to Revenue	72.03%	229.90%	168.03%	196.79%	41.02%	50.74%	241.95%	196.68%	46.93%	37.12%	129.73%
Net Working Capital to Revenue	72.03%	229.90%	168.03%	196.79%	41.02%	50.74%	241.95%	196.68%	46.93%	37.12%	129.73%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.03)	($0.01)	($0.07)	($0.62)	($0.74)	($0.47)	($0.48)	($0.34)	($1.58)	($0.65)	($0.69)
Adjusted Weighted Average Basic Shares Outstanding	94.27M	89.45M	90.12M	88.44M	87.03M	83.77M	84.40M	83.13M	81.91M	82.77M	81.67M
Adjusted Diluted Earnings per Share	($0.03)	($0.01)	($0.07)	($0.62)	($0.74)	($0.47)	($0.48)	($0.34)	($1.58)	($0.60)	($0.69)
Adjusted Weighted Average Diluted Shares Outstanding	94.27M	89.45M	90.12M	88.44M	87.03M	83.77M	84.40M	83.13M	81.91M	82.77M	81.67M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	95.14M	93.71M	91.23M	89.51M	87.88M	86.43M	85.06M	83.89M	82.67M	81.39M	81.88M
Normalized Net Operating Profit after Tax (NOPAT)	-3.15	-3.33	-32	-39	-47	-33	-31	-23	-92	-41	-41
Normalized NOPAT Margin	-1.39%	-1.67%	-18.86%	-29.76%	-34.21%	-21.75%	-20.91%	-16.24%	-78.78%	-22.32%	-22.67%
Pre Tax Income Margin	-1.07%	-0.79%	-4.01%	-41.72%	-46.78%	-27.70%	-27.46%	-19.59%	-110.33%	-30.37%	-31.34%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.19	0.17	-3.10	-0.98	-1.05	-0.54	-0.81	-0.67	-2.17	0.05	-31.95
NOPAT to Interest Expense	-0.25	-0.11	-2.44	-0.70	-0.77	-0.48	-0.62	-0.56	-1.55	-0.24	-13.33
EBIT Less CapEx to Interest Expense	-0.68	0.06	-3.29	-1.02	-1.08	-0.57	-0.87	-0.72	-2.26	0.02	-33.76
NOPAT Less CapEx to Interest Expense	-0.73	-0.23	-2.64	-0.74	-0.80	-0.50	-0.67	-0.61	-1.64	-0.27	-15.14
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-163.70%	2,707.87%

Frequently Asked Questions About Upstart's Financials

When does Upstart's financial year end?

According to the most recent income statement we have on file, Upstart's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Upstart's net income changed over the last 5 years?

Upstart's net income appears to be on an upward trend, with a most recent value of -$128.58 million in 2024, rising from -$5.02 million in 2019. The previous period was -$240.13 million in 2023. Check out Upstart's forecast to explore projected trends and price targets.

What is Upstart's operating income?

Upstart's total operating income in 2024 was -$172.86 million, based on the following breakdown:

Total Gross Profit: $635.47 million
Total Operating Expenses: $809.38 million

How has Upstart revenue changed over the last 5 years?

Over the last 5 years, Upstart's total revenue changed from $164.19 million in 2019 to $635.47 million in 2024, a change of 287.0%.

How much debt does Upstart have?

Upstart's total liabilities were at $1.73 billion at the end of 2024, a 25.5% increase from 2023, and a 879.5% increase since 2020.

How much cash does Upstart have?

In the past 4 years, Upstart's cash and equivalents has ranged from $250.82 million in 2020 to $986.61 million in 2021, and is currently $788.42 million as of their latest financial filing in 2024.

How has Upstart's book value per share changed over the last 5 years?

Over the last 5 years, Upstart's book value per share changed from 0.00 in 2019 to 6.94 in 2024, a change of 694.1%.

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This page (NASDAQ:UPST) was last updated on 5/30/2025 by MarketBeat.com Staff

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Upstart (UPST) Financials

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