FY2025 · ended Dec 31, 2025 · Revenue $1.04B, +64.0% YoY · Filed Feb 10, 2026
Upstart Holdings, Inc. (UPST) files with the SEC under industry code 6199, Finance Services. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $1.0 billion and net income of $53.6 million. Free cash flow was -$148.1 million. As of Sep 30, 2026 it held $461.5 million in cash and investments and $2.1 billion in total debt.
Revenue (TTM)
$1.34B
+38.6% vs year-ago TTM
Net income (TTM)
$65.11M
+102.1% vs year-ago TTM
Operating cash flow (TTM)
$-181.13M
+50.7% vs year-ago TTM
Free cash flow (TTM)
$-186.96M
+49.1% vs year-ago TTM
EPS (TTM)
$0.59
+87.5% vs year-ago TTM
Dividend per share
None
Shares outstanding
98.06M
+4.6% vs prior year
Net cash
$-1.63B
as of Sep 30, 2026
Operating margin
4.6%
FY 2026
Company profile
- Industry
- Finance Services (SIC 6199)
- Listed as
- UPST (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Burlingame, CA
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1647639
Other Finance Services companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $1.0B | $636.5M | $513.6M | $842.4M | $848.6M |
| Operating income | $42.6M | -$172.9M | -$256.5M | -$113.9M | $140.9M |
| Net income | $53.6M | -$128.6M | -$240.1M | -$108.7M | $135.4M |
| Diluted EPS | $0.45 | -$1.44 | -$2.87 | -$1.31 | $1.43 |
| Operating cash flow | -$147.7M | $186.3M | -$111.7M | -$657.9M | $168.4M |
| Free cash flow | -$148.1M | $185.5M | -$113.2M | -$666.7M | $159.9M |
| Total assets | $3.0B | $2.4B | $2.0B | $1.9B | $1.8B |
| Total liabilities | $2.2B | $1.7B | $1.4B | $1.3B | $1.0B |
| Stockholders' equity | $798.8M | $633.2M | $635.3M | $672.4M | $807.1M |
| Cash and investments | $652.4M | $788.4M | $368.4M | $422.4M | $986.6M |
| Total debt | $1.9B | $1.5B | $1.1B | $1.1B | $795.8M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Nov 3, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations
|
Nov 3, 2026 | Nov 3, 2026 |
| 8-K |
Current report
Material agreement, New debt
|
Oct 20, 2026 | Oct 16, 2026 |
| 10-Q/A | Amended quarterly report | Aug 5, 2026 | Jun 30, 2026 |
| 10-Q | Quarterly report | Aug 4, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 4, 2026 | Aug 4, 2026 |
All 921 Upstart Holdings, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.